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New Townhomes for Sale in Toronto

(Buyer's Guide)
Toronto’s real estate market is constantly evolving, and townhomes are currently some of the most appreciated construction projects. The price of a townhome is determined by its location, appearance, age, and building materials used. As you can imagine, townhomes that are located in popular areas or new suburbs are in high demand because their value is more likely to appreciate over the years.
Neighbourhood Facts
Lifestyle & Employment
Investment Tips
Read Our Buyer’s Guide

Buying a New Townhome or Condo Townhouse in Toronto

Toronto’s real estate market is constantly evolving, and townhomes are currently some of the most appreciated construction projects. The price of a townhome is determined by its location, appearance, age, and building materials used.

As you can imagine, townhomes that are located in popular areas or new suburbs are in high demand because their value is more likely to appreciate over the years. As a result, well-placed townhomes are more expensive. The surrounding area’s existing or planned amenities, such as parking zones, recreational facilities, shopping areas, public transport, and restaurants also influence their prices.

Older townhomes sometimes require costly renovations, which may drive some of their value down over time. If the building’s common areas are not well maintained, the townhome can lose some of its marketability and resale value.

The building’s appearance and building materials affect the townhome’s comfort and value. Townhomes that have a wooden structure tend to be noisier than those with a concrete structure, so they may lose some of their value in time.

Pre-construction townhomes are in high demand because they meet all the important criteria that determine their value:

  • they’re usually located in up and coming areas
  • their appearance is usually tailored to the taste of the modern investor
  • they’re built with the latest materials, so they won’t need repairs or upgrades for a long time
  • they’re spacious and comfortable, so they’re perfect for young families.

All of these factors make investing in pre-construction townhomes an excellent idea. And when you take into account the fact that you can save a lot of money by investing early in the construction process, your investment idea becomes even better.

Average price of new and pre-construction townhouses in 2020

Greater Toronto Area

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

Employment

Employment determines the population’s income, so it can often have a unique impact on townhome prices. Easy access to well-paid employment opportunities is one of the best amenities a townhome can offer. As a result, employment can significantly affect an area’s real estate market.

When an area has a high unemployment rate, it usually has a lower demand for housing. The real estate market usually goes down in areas with lower demand for housing, which causes sellers to pull their units off the market for a better time. This can lower the average real estate price in certain areas.

Unemployment rates for GTA municipalities in 2020

Transportation

Public transportation is fundamental for the social and economic growth of urban areas because it can significantly affect the quality of life. Access to public transportation makes the population more mobile, which helps boost the income potential of local companies.

The quality of public transportation has a direct effect on the price of a townhouse: high quality public transport systems lead to a better accessibility, which leads to higher real estate prices.

The GTA has 12 integrated public transit systems. In addition, there’s also a regional commuter transit system that enables residents to travel with ease. The Toronto Transit Commission has more than 442 million passengers per year.

Other public transport systems operating in the area 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 Townhomes

Pre-construction townhomes have lower initial prices, and the earlier you invest, the higher your potential returns. Investing in Toronto pre-construction townhomes can be hugely profitable.

All pre-construction townhomes are sold in different stages, each with its own prices and incentives.

 

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

During the first stage of pre-construction sales, most developers offer the best units to their family and friends with huge discounts.

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

Only platinum agents receive an invitation to the second stage of the sales process. Platinum agents, like Condo Shopper, gain their status by building strong business relationships with multiple developers or by selling many units.

This is the best time to invest because you can secure large discounts, get exclusive unit choices, incentives, rebates, and so on.

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

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

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

The fourth stage of the sales process, the prices go higher. The best units are already gone, and the perks that were still present in the previous stage disappear.

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

This is when the developer invites those who have registered on the website to buy townhomes. However, some developers, especially those who build townhomes in high-demand areas, may postpone this event for up to a year in order to start bidding wars and increase prices. This enables the developers to sell the remaining units at maximum market value.

So, even though you may consider registering with the developer a good way to save money, collaborating with a Premium VIP Agent like Condo Shopper can help you secure better units and save you money through discounts and incentives.

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

This is when developers advertise their projects in the media and invite the public to buy townhomes. However, this is the worst stage for investors who want to make a profit because the best units are gone and the remaining units cost more.
Townhomes

New Townhomes
and Condo Townhouses

CentralDistrict Exterior1
Central District Towns logo 1
Central District Towns in Pickering
770 Kingston Road, Pickering ON
Construction Status:
Pre-construction
Sales Status:
Register
Project Status:
Active
pickering
Developer - 
Icon Homes, Old Orchard Homes
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
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
Southside Towwnhomes Brampton
Southside logo2
Southside Towns in Brampton
209 Steeles Avenue West, Brampton, ON
Construction Status:
Completed
Sales Status:
Sold Out
Project Status:
Archived
brampton
Developer - 
I2 Developments
Occupancy Starts - mid 2021
total towns featured
Total Towns logo
Total Towns Oshawa
Harmony Road North & Missom Gate, Oshawa, ON
Construction Status:
Pre-construction
Sales Status:
Sold Out
Project Status:
Active
gta-east
Developer - 
Riocan Living
Occupancy Starts - mid 2022
Lake and Town 1
lake and town etobicoke logo
Lake & Town Etobicoke
225 Birmingham St, Etobicoke, ON, M8V 2C7
Construction Status:
Under Construction
Sales Status:
Sold Out
Project Status:
Active
etobicoke
Developer - 
Menkes
Occupancy Starts - late 2022
front view stride condos toronto
stride logo 1
Stride Condos & Towns in Mississauga
501 Lakeshore Road East in Mississauga.
Construction Status:
Pre-construction
Sales Status:
Now Selling
Project Status:
Active
mississauga
Developer - 
Kingsmen Group
Occupancy Starts - TBD
garage view ironwood town condos
Ironwood Logo HR
Ironwood Towns in North Oshawa
1562 Simcoe St N, Oshawa
Construction Status:
Completed
Sales Status:
Sold Out
Project Status:
Archived
gta-east
Developer - 
Podium Developments
Occupancy Starts - Fall 2021
arial view rooftop 9560 islington condos
9560 log03
9560 Islington Urban Towns in Vaughan
9560 Islington Avenue, Vaughan, ON
Construction Status:
Under Construction
Sales Status:
Now Selling
Project Status:
Active
vaughan
Developer - 
Kingsmen Group
Occupancy Starts - Summer 2020
AYC 181 Bedford condoshopper.ca
ayc bedford
AYC Condos in Yorkville
181 Bedford Road, Toronto ON
Construction Status:
Under Construction
Sales Status:
Sold Out
Project Status:
Active
yorkville
Developer - 
Occupancy Starts - late 2020
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
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