Vaughan City Guide
You'll find Vaughan real estate just north of Toronto in the regional municipality of York. The city has a population of 323,28 (2017), making it the fifth most populated city in the GTA, and the 17th biggest in all of Canada. Vaughan was the fastest-growing district in the country from 1996-2006, reaching a population growth rate of 80.2%. Vaughan is the only municipality in York Region that has City status.
Aptly referred to as "The City Above Toronto," Vaughan is very popular for those who commute to work. Caledon and Brampton bound it to the west, King and Richmond Hill to the north, Markham and Richmond Hill to the east, and Toronto, to the south. The area is known for its outlet mall Vaughn Mills, the McMichael Canadian Art Collection in Kleinburg and Canada's Wonderland. On the very southern border of Vaughan is Canada's largest university campus; York University.
There are many ways to commute to Toronto's downtown core from Vaughan. GO Transit runs a 30-minute train trip from Rutherford GO to Union Station every hour. GO Transit also runs a bus from Mississauga to Downtown Toronto twice daily that takes around forty minutes, and drops commuters off on Carleton street. If you don't want to sit in traffic, you can hop off the York Region Transit bus at Sheppard west station, and use the subway to get where you need to go. If you carpool, it takes approximately 45 minutes to drive to Toronto. Interestingly, 87% of commuters drive to work, while just 11% transit!
There are nineteen neighbourhoods in Vaughan which include:
- Beverley Glen
- East Woodbridge
- Elder Mills
- Glen Shields
- Islington Woods
- Lakeview Estates
- Rural Vaughan
- Sonoma Heights
- Vaughan Corporate Centre
- Vaughan Grove
- Vellore Village
- West Woodbridge
- West Woodbridge Industrial Area
According to the city site, the community is home to over 12,000 businesses that employ more than 222,000 people, which include:
- Manufacturing: 22.17%
- Construction: 13.11%
- Retail Trade: 11.53%
- Wholesale Trade: 10.09%
- Accommodation and Food Services: 5.72%
- Transportation and Warehousing: 5.71%
- Professional, Scientific and Technical Services: 5.11%
- Arts, Entertainment and Recreation: 4.16%
- Educational Services: 3.98%
- Health Care and Social Assistance: 3.9%
- Others: 14.52%
In comparison to downtown Toronto, Vaughan real estate is not yet as expensive, but homes still come with a hefty price tag. According to Zolo, it's the 5th most expensive area in the greater Toronto region with an average cost of homes being $962K, with a median of $892K. This is because in Vaughan there are a lot of recently built homes on the market, and most residents own, while just 8% live in rentals.
Many prefer Vaughan real estate over Toronto as Condos in Vaughan are aggressively priced, and townhomes offer more space for under $1 million. Vaughan is the 6th richest city in Canada, which has booming real estate market with housing prices that see a steady increase every year. One of the unusual things about the area is that "Vaughan" is not written in mailing addresses or phone books. A person's neighbourhood within the municipality is determined by one of the six central communities that make up Vaughan which is: Woodbridge, Thornhill, Maple, Kleinburg, Concord, and the Vaughan Metropolitan Centre. The Maple and Thornhill communities are both seeing accelerated population growth, and are the most ethnically diverse areas within Vaughan.
The Vaughan Metropolitan Centre is an extensive real estate project that aims to transform the 125-acre area between Highway 400 and seven into a high-density downtown/central business district.
Vaughan is a Car-Dependent city, with a walking score of 49 and a transit score of 43. Most errands require a car.
Vaughan Real Estate Market
|Type of Property||Number of Properties|
|Total Number of Occupied Private Dwellings||94,250|
|An Apartment Building that has Five or more Storeys||9,805|
|Apartment or Flat in a Duplex||3,345|
|Apartment (A building that has fewer than five stories)||1,990|
|Single Attached House (Other)||30|
|Vaughan Real Estate||(Prices in CAD)|
|House Average Cost||$949,400|
|Detached Home Average Cost||$1,231,028|
|Condo Average Cost||$364,965|
The average amount of time a home sits on the market is 23 days. According to Zolo, Mississauga's top areas to live in are Rural Vaughan, Uplands, Vellore Village, Beverley Glen, and Maple.
Another attractive aspect of Vaughan real estate is that it is so close to Toronto (with one of the lowest tax rates in the GTA) and was deemed one of the best places to live in 2018 by MoneySense Magazine! The area also has unmatched education options from pre-school to post-secondary, a plethora of parks, trails and green space as well as fantastic transit options.
Kids and teens love living near Canada's Wonderland and the water park, which has world-class thrills, fun, and family entertainment!
You'll find a million reasons to purchase Vaughan real estate, the area is booming with excitement for people of all ages, and its proximity to neighbouring cities like Toronto and Lake Ontario is undoubtedly a sound investment!