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New Homes for Sale in Toronto

(Buyer's Guide)
Even though Toronto’s real estate market is always changing, one thing remains the same - homes are always in high demand. The price of a home is determined by its location, age, appearance, and building materials used. Homes in popular areas like new suburbs are in high demand because their value appreciates in time.
Neighbourhood Facts
Lifestyle & Employment
Investment Tips
Read Our Buyer’s Guide

Buying a New Home in Toronto

Even though Toronto’s real estate market is always changing, one thing remains the same - homes are always in high demand. The price of a home is determined by its location, age, appearance, and building materials used.

Homes in popular areas like new suburbs are in high demand because their value appreciates in time. This is why homes in great locations are more expensive. The amenities present or planned in the home’s surrounding area, such as shopping areas, public transport, parking zones, restaurants, and recreational facilities also help increase its price.

Older homes often require costly renovations, like changing or repairing pipes, roofs, and so on. This is why some older homes lose part of their value over the years. Poorly maintained exterior areas can drive the home’s marketability and resale value down as well.

The home’s appearance and building materials influence its comfort and value. Homes with wooden structures are noisier than those with concrete structures, so they may devalue in time.

Pre-construction homes are always in high demand because they check all the important boxes that determine their value:

  • they’re generally built in up and coming areas
  • they have a modern appearance that attracts investors
  • they’re built using only the latest materials, so they won’t require repairs for a long time
  • they’re roomy and comfortable, so they are perfect for modern families.

Thanks to all of these factors, investing in pre-construction homes is a great idea. Investing early during the construction process usually leads to higher returns, which makes the idea even better.

Average prices of new and pre-construction homes in 2020

Greater Toronto Area

The Greater Toronto Area (GTA) is Canada’s most populous area. The area includes the city of Toronto, the municipalities of Peel, York, Halton, and Durham. The GTA contains 25 municipalities.

Employment

Employment often has an impact on home prices because it can determine the population’s income. Having easy access to good employment opportunities can significantly increase an area’s real estate value.

On the other hand, areas that have high unemployment rates usually have lower demand for housing. As a result, the real estate starts to decrease, which causes potential sellers to withdraw their units off the market until it goes back up. This process can negatively affect the real estate prices in certain areas.

Unemployment rates for GTA municipalities in 2020

Transportation

Public transportation is very important for the social and economic growth of neighbourhoods because it affects the quality of life. Easy access to public transportation helps residents travel to and from work, which increases the income potential of businesses in the area.

The quality of public transportation also influences the price of a house: a high quality public transport system offers better accessibility, which increases the real estate prices.

There are 12 integrated public transit systems in the GTA. Besides them, there’s also a regional commuter transit system. The Toronto Transit Commission is the second largest in North America, after New York, and transports over 442 million passengers every year.

Other notable public transport systems in the GTA are:

Durham Region Transit – 54 routes
Brampton Transit – 62 routes
Burlington Transit – 17 routes
Mississauga Transit – 97 routes
Milton Transit – 9 routes
Oakville Transit – 31 routes
York Region Transit – 103 routes

Investing in Toronto Pre-construction Homes

Pre-construction homes have lower prices, and the sooner you invest, the higher your potential profits. Investing in Toronto pre-construction homes can lead to significant returns.

Pre-construction homes are generally sold in different stages, each stage with different prices and incentives.

Stage 1 - Friends and Family Event (selling 5 - 10% of units)

Most developers start the sales process by offering the best units to their friends and family at exclusive prices.

Stage 2 - Platinum VIP Agents Event (selling 30 - 40% of units)

Platinum agents, like Condo Shopper, are the only ones who receive invitations to the second stage of the process. Platinum agents obtain their status by selling a lot of units or by growing long-lasting business relationships with developers.

Investing during this stage is a great idea because you gain access to large discounts, get the best unit choices, and can save money with incentives and rebates.

Stage 3 - VIP Agents Event (Selling 20 - 30% of units)

VIP agents start selling units during the third stage of the sales process. During this stage, the prices are often increased. The perks and incentives may be reduced or removed, depending on the number of units available.

Stage 4 - All Agents Event (selling 10 - 20% of units)

The prices generally go higher during the fourth stage of the sales process. Most of the best units are already gone by this point, and the rebates and incentives disappear.

Stage 5 - Pre-registrants Event (selling 5 - 10% of units)

During the fifth stage of the sales process, the developer sends invites to those who have registered on the website to buy homes. However, it’s worth noting that some developers may postpone this event for a year or more, especially if the homes are located in popular areas. Postponing the event helps the developer raise interest in the project and increase prices. This is how developers sell units at their maximum market value.

So, despite the fact that registering with a developer may sound like a great way to save money, working with a Premium VIP Agent like Condo Shopper can help you save money with discounts and incentives, and it can also help you get better units.

Stage 6 - Opening Event (selling the remaining 10 - 20% of units)

During the last stage of the selling process, the developers attract potential buyers with ads in the media. However, this is not an ideal time to invest because the best units are long gone and you’re paying more for the units nobody wanted.
Homes

Home Developments
in Toronto

Cornell Rouge townhomes
Cornell Rouge on the park logo1
Cornell Rouge Townhomes in Markham
Highway 7 and Donald Cousens Parkway, Markham, ON
Construction Status:
Pre-construction
Sales Status:
Now Selling
Project Status:
Active
markham
Developer - 
Madison Group
Occupancy Starts - TBD
MILA by Madison Townhomes Front Exterior Rendering
MILA Towns Homes Logo 2
Mila Towns-Semis-Singles in Scarborough
2740 LAWRENCE AVENUE EAST, TORONTO, SCARBOROUGH, ON
Construction Status:
Under Construction
Sales Status:
Now Selling
Project Status:
Active
scarborough
Developer - 
Madison Group
Occupancy Starts - 2024
Hometown Sharon Village BIRKBECK ELEV.B
Hometown Logo big
Hometown Sharon Village in East Gwillimbury
WALTER TUNNY CRESCENT, East Gwillimbury, ONTARIO
Construction Status:
Pre-construction
Sales Status:
Sold Out
Project Status:
Active
newmarket
Developer - 
Acorn Developments
Occupancy Starts - 2022
the Willow typeE EL B 4153sqft front view
Willowdale Heights logo
Willowdale Heights in North York
Willowdale Ave & Cummer Ave
Construction Status:
Under Construction
Sales Status:
Now Selling
Project Status:
Active
north-york
Developer - 
LiVante Developments
Occupancy Starts - 
the riveside towns rendering black creek preconstruction toronto full
the riverside residences logo
The Riverside at Amesbury Village
Lawrence Ave and Black Creek Dr
Construction Status:
Under Construction
Sales Status:
Now Selling
Project Status:
Active
north-york
Developer - 
Fernbrook Homes
Occupancy Starts - 2020
two people high fiving eachother

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