Even though the real estate|property] market has been hurt by a drop in buyer confidence causing housing] sales to fall worldwide, places such as Vaughan, Ontario the City Above Toronto,” are witnessing a fast market improvement, creating a not often seen ‘seller’s market.’ The city of Vaughan has reshaped itself over the past 20 years from a farming township to a bustling urban center of a number of communities with a rustic charm. The residents of Vaughan exploded 276 percent in the ten year timeframe from 1986 to 2006, and by 2031 there may very be well in excess of 1.5 million residents in the area.
Vaughan is attracting young residents, and according to the 2006 census the median age is 35.9 years with over 81 percent below the age of 55. Even though as much as 65% of the houses in Vaughan are single-family detached dwellings, high end multiple-row houses and apartment condominium are becoming more popular, based on research by the York Region Planning Department.
The median household income is 31 percent above the national average, as a result Vaughan real estate ranges higher than the average cost of residences in Toronto. Places throughout Vaughan are seeing a heightened demand as property owners put up their Markham homes for sale all in the hopes of making a profit.
The closeness to Toronto services is one rational Vaughan real estate has become so sought after, chiefly because the lifestyle offers such a contrast to the packed urban population of the metropolitan region. Purchasers are further enticed by the focus on public green spaces communities with civic centers with modern schools. Unlike many ‘bedroom communities,’ Vaughan has plenty daycare and health care providers — including a new regional hospital — and upscale shopping centers, restaurants and well-maintained public recreational facilities.
Because of the flat terrain, a magnificent criss-cross of well-paved four lanes routes connect the highways and toll roads leading to Toronto from Vaughan’s residential communities. The Greater Toronto Transit Authority, referred to as GOT, offers inter-regional commuter trains and shuttles for rush hour, and the Viva Bus line has streamlined Van Hool blue buses that service the York Region Transit service. The Vivastation features state-of-the-art ticket ticket machines and ‘smart’ display alerts for bus departures that connect to the Toronto Transit Commission (TTC) subway network.
Unlike the heavily populated Toronto area, there is still lots of undeveloped Vaughan real estate to be had. This is especially alluring to those seeking to build a custom house or who would like to plan an estate from scratch. The open tracts also hold opportunity for more local attractions to the area like Canada’s Wonderland, a premier amusement park situated in Maple, one of the regions in the city of Vaughan.Farmland makes up a large portion of open land and there is a move afoot to try and protect it.Along with Maple, various other small regions make up the city of Vaughan. They include Woodbridge, Markham, Concord, Kleinburg and sections of Thornhill. Each community has a unique flair — skillfully incorporating older houses, upscale neighborhoods and multi-family properties around industrial districts, shopping malls and business districts.