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New Condos for Sale in North York

(Buyer's Guide)
The real estate market is always changing and evolving, so the price of a condo varies from one construction (project) to another. The price of a condominium is determined by its location, age, appearance, and building materials used. Condos built in high demand areas or in new suburbs are more likely to retain their value over the years, so they’re more expensive than others. Existing or planned area amenities, such as public transit, shopping spots, restaurants, parking zones, and recreational facilities also drive a condo’s price up.
Neighbourhood Facts
Lifestyle & Employment
Investment Tips
Read Our Buyer’s Guide

About North York's New Condos

North York is one of the most appealing regions of the Greater Toronto Area, known for the urban charm of its condo developments that have a distinguishable, unique architecture. Its fast developing economic center and close proximity to Old Toronto make it one of the first places on a homebuyer’s list, and a great place to invest in real estate.

Over 130 new housing developments, out of which 94 are condominiums, are currently under construction, already finished, and in the planning stages. The 7558 units currently under construction have a median price per square foot of $1,062.

The City of North York

As one of the six administrative districts of Toronto, North York is bordered by Etobicoke to the west and Scarborough to the east. It is located in the central northern area of the City of Toronto and it is known for its multiculturalism, wide selection of venues and attractions, as well as it’s rapidly developing business district.

The local motto is: “The City with Heart”, and it is renowned to have something for everyone. Spanning 33 neighbourhoods, with many wide-open spaces, rivers and lakes, the city is rapidly growing and adapting to its residents’ needs. It offers anything from stunning nature trails and historical sites, to malls and centers for recreation and sports. The city caters to all tastes and preferences, with notable mentions like Earl Bales Park, Edithvale Community Center, Toronto Center for the Performing Arts, Black Creek Pioneer Village, and Fairview Mall.

North York also hosts one of Toronto’s largest universities, and its annual Du Maurier tennis Tournament. The university’s campus is home to the largest hockey arena in Toronto, The Beatrice Ice Gardens. North York offers something for nature enthusiasts, sports fans, and art lovers.

North York Condo Prices

The average resale prices for homes, including condos is around $910,000. Rental rates are set at around $2,200, but with a continuous increase over the last years, reflected in the vacancy rate of 1.7%. In 2021, rent prices for one-bedroom apartments have slipped under the $2,000 threshold, with a significant decrease compared to 2020. Also compared to the same period in 2020, the number of rented condo units has almost doubled in 2021.

The average price per square foot in the City of North York is $950, and can reach as high as $1,400 in some areas. According to the Condo Market Statistics report by Toronto Regional Real Estate Board, in the second quarter of 2021, the most condo apartment sales were of two bedroom apartments (138), with an average price around $700,000. The most popular price range for apartments in the area was situated between $600,000 and $700,000.

The sale price and number of sales in North York is similar to what can be seen in the GTA as a whole, with an increase in condo apartment sales of 155% in 2021, compared to 2020, and a 10.8% increase of the average selling price.

Average prices for condos in 2020 (pre-construction & older units)

Employment

The City of North York is home to a vibrant business center that also houses a good number of national corporations, and considered a secondary economy hub next to downtown Toronto.

Around 72% of jobs are in the white collar sector, with 73% of workers employed by private companies, 11,5% activating as government workers, 10% in non-profit companies, and around 5% self-employed.

The average household income in North York is around $76,000, with a median income of just over $80,000 for 45 to 64 year-olds, and over $70,000 for 25 to 44 year-olds. The top employers in the area are Mcmaster University, University of Toronto, Hydro One, Ontario Power Generation, and TD. The local employment opportunities are centered around the corporate, manufacturing, and product distribution sectors.

The unemployment rate in North York city center is 5.9%, slightly higher than the average for Toronto, which is 4.8%. The in labor force is 59.7%, also a bit lower than average compared to the Greater Toronto Area.

Unemployment rates for GTA municipalities in 2020

Transportation

The city of North York houses a rather large population of over 869,000 people and has adapted to supply its residents with a good public transport system serviced by the Toronto Transit Commission, GO Transit, and Metrolink.

The city center is connected to downtown Toronto by the subway system Yonge, Shepperd, and Spadina lines, and stops at Sheppard, North York Center, Finch, and Yonge stations in the city center.

Bus services are also good, with an average waiting time of 5 minutes, so commuting without a car is still convenient and easy even for people residing outside the area of the subway systems. Commuting by car is also an option because North York is connected to the 401, 407, 404, and 400 highways and DVP municipal expressway.

Also available and just a 20 minute drive from the city center is Toronto Pearson International Airport, the busiest airport in Canada. Other options for getting around are taxi services like Beck Taxi, CO-OP Cabs, Uber, and Lyft.

Investing in New Pre-Construction Condos in North York

With Toronto’s housing market still on the rise, investing in new pre-construction condos may be a wise investment. Prices in North York are still lower than in the downtown Toronto core, with price differences for an average condo apartment being $150,000, and the price difference per square foot of about $400.

North York is an attractive place for interested buyers, and that keeps prices on the rise. It has everything to offer to its multicultural residents. From beautiful natural landscapes that blend seamlessly with the urban architecture, to great job opportunities, good schools, and many entertainment places, North York is one of the hottest spots on the real estate map.

Pre-construction condos are usually sold in multiple stages, each with different prices and incentives.

Stage 1 - Sales Event Dedicated to Friends and Family (5 - 10% of units are sold)

The selling process usually starts with the sale of approximately 10% of its units, when the developers offer exclusive deals to family and friends.

Stage 2 - Sales Event For Platinum VIP Agents (30 - 40% of units are sold)

The next step in the sales process is reserved for Platinum agents like Condo Shopper. The agents are invited to sell a portion of up to 40% of the pre-construction condo units. Platinum agents gain their respective status by having a large number of sales, or by having a great partnership with local developers.

This stage of the sales process offers some of the best choices for units, generous discounts, incentives, rebates, and more.

Stage 3 - Sales Event for VIP Agents (20 - 30% of units are sold)

The next stage of the sales process is dedicated to VIP agents, with the sale of approximately 30% of the units. At this point, prices start to go up, and incentives usually drop.

Stage 4 - Sales Event for All Agents (Selling Up to 20% of Units)

During the next step of the sales process, the developer invites all interested real estate agents to sell the condo units. The prices rise again, incentives disappear, and the most valuable units are already sold by this point.

Stage 5 - Sales Event for Pre-registrants (Selling Up to 10% of Remaining Units)

The next sales stage is reserved for pre-registrants. Some developers get to this step of sales a year or more after the beginning of the sales process. This is more frequent when the condos are located in popular areas, and developers use it to increase the public’s interest around the development, which leads to higher prices.

At this point the prices are much higher and all incentives are gone. Working directly with a developer can be more costly and actually takes more time than collaborating with Condo Shopper.

Stage 6 - Final Sales Event (Selling Remaining Units)

The sales process ends with a grand opening when the remaining units are sold. The developer advertises the project and invites people to buy condos. By this stage buyers actually pay more for less valuable units.
Condos

Condo Projects
in North York

West Line Condos 1
logo westline condos at downsview park toronto
WestLine Condos at Downsview Park
1100 Sheppard Avenue West, Toronto, ON
Construction Status:
Pre-construction
Sales Status:
Register
Project Status:
Active
north-york
Developer - 
CentreCourt
Occupancy Starts - 
Keelesdale 1
Keelesdale2 logo
Keelesdale Condos in North York
2175 Keele St, Toronto ON
Construction Status:
Under Construction
Sales Status:
Now Selling
Project Status:
Active
north-york
Developer - 
DiamondCorp, Kilmer Group, The Daniels Corporation
Occupancy Starts - Early 2023
lumina featured
Lumina at Emerald City
36 Forest Manor Rd, Toronto ON
Construction Status:
Under Construction
Sales Status:
Sold Out
Project Status:
Archived
north-york
Developer - 
Elad Canada
Occupancy Starts - Feb 2021
the keeley condos condoshopper.ca
keeley condos logo
The Keeley at Downsview Park
3100 Keele St, Toronto
Construction Status:
Under Construction
Sales Status:
Now Selling
Project Status:
Active
north-york
Developer - 
TAS
Occupancy Starts - Aug 2022
saturday condos condoshopper.ca
saturday downsview condos logo
Saturday in Downsview Park
2995 Keele St, Toronto
Construction Status:
Under Construction
Sales Status:
Now Selling
Project Status:
Active
north-york
Developer - 
Mattamy Homes
Occupancy Starts - Dec 2021
Stockyards District Residences
Stockyards District Residences
2306 Saint Clair Avenue West, Toronto, ON
Construction Status:
Under Construction
Sales Status:
Now Selling
Project Status:
Active
north-york
Developer - 
Marlin Spring
Occupancy Starts - Nov 2021
reunion crossing condos and urban towns featured
Reunion Crossing at St Clair & Weston
1808 St Clair Ave W, Toronto, ON M6N 1J5
Construction Status:
Under Construction
Sales Status:
Now Selling
Project Status:
Active
north-york
Developer - 
DiamondCorp, Kilmer Group
Occupancy Starts - 2022
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