New Condos North York
Nearby Cities with New Condos- Agincourt
- Agincourt South-Malvern West
- Baby Point
- Bathurst Manor
- Bayview Village
- Beaconsfield Village
- Bendale
- Birch Cliff
- Bloor West Village
- Bloordale Village
- Brockton Village
- Cabbagetown
- Casa Loma
- Centennial Scarborough
- Chaplin Estates
- Chinatown
- Christie Pits
- Clairlea-Birchmount
- Cliffcrest
- Cliffside
- Davisville Village
- Deer Park
- Distillery District
- Don Valley Village
- Dorset Park
- Dovercourt Park
- Downsview
- Dufferin Grove
- East York
- Edenbridge-Humber Valley
- Emery
- Forest Hill
North York is a diverse city within Toronto, bordered by Finch Ave. North, Victoria Park East, Keele St. West, and Lawrence Ave. South. It has unique neighbourhoods, an urban feel, and a population of around 6472,245, with visible minorities making up almost half. North York’s economy is dominated by corporate, manufacturing, and product distribution sectors, with the North York City Centre as a secondary economic hub and numerous national corporate headquarters. The population is expected to grow due to new condos.
Looking for new pre-construction condos in North York or modern detached homes in North York? You’re in luck! We’re here to assist you in finding your perfect home in North York, this vibrant Toronto district.
North York Pre-Construction Condo Market Trends 2024
The average price per square foot for new pre-construction condos in North York is currently $1,037, a figure that reflects the strong demand for these types of properties. The sale price for all types of old and new homes in North York is currently $1.51M, providing a sense of the overall cost of housing in the area. In terms of rental properties, the average rental rate for all types of condos is $2,850. And the vacancy rate for North York condos is quite low at 1.6%, suggesting a competitive rental market. Regarding the time it takes to sell properties, new condos in North York typically spend 24 days on the market. Homes in North York tend to sell slightly more quickly, in around 14 days.
Pre-Construction Condos North York
Reasons to Invest in New Condos North York
Location and Accessibility
North York is well-positioned within Toronto, with easy access to downtown and major highways, as well as convenient public transportation options. Highway 401, which runs through North York, is North America’s busiest freeway section, with around 400,000 daily commuters. Finch Station, on the Yonge–University line, is the busiest TTC bus station and the sixth-busiest subway station, serving approximately 97,460 people daily. The Sheppard Subway Line, entirely within North York, has an average daily ridership of around 55,000.
Green Spaces and Entertainment Options
North York is a lively area, investing in new homes in North York means having access to an impressive 4,000 acres of parks and open spaces that offer ample opportunities for outdoor recreation and relaxation. Whether you enjoy leisurely strolls, picnics, or sports, North York’s abundance of green space is sure to appeal. In addition to its natural beauty, North York is also home to a diverse array of entertainment options. From theatres and bars to shopping centres, there is no shortage of ways to spend your leisure time. The area is particularly well-known for its two major shopping malls, the Fairview Mall and the Yorkdale Shopping Centre, which offer a wide variety of retail and dining choices to suit all tastes.
Lifestyle, Amenities, and Rental Potential
New pre-construction townhouses in North York and new condos for sale in North York come with modern amenities, and the area offers access to parks, shopping, and cultural attractions. Besides, with lower maintenance responsibilities, condos can also provide rental income opportunities in a strong market.
North York Rental and Seller Market 2024
Rental Market
As of June 2024, North York’s rental market provides a range of choices with an average rental rate of $2,850. The demand for condos in the city is robust, as indicated by the low vacancy rate of 1.6%.
Seller Market
As of June 2024, the real estate market in North York is dynamic, with the average price for a detached house at approximately $1.51M. The average price for a condominium is around $731k.
Average Renting and Selling Time in North York
-New Condos
Renting Time for Condos: As of June 2024, rental condos in North York typically stay on the market for 1-4 weeks.
Selling Time for Condos: Condos for sale in North York have an average selling time of 24 days.
-New Homes
-Renting Time for Homes: As of June 2024, the average renting time for detached homes in North York is around two to eight weeks.
-Selling Time for Homes: The average selling time for detached homes in North York in 2024 is approximately 14 days.
Neighbourhoods
Central North York
This area contains many of the older, established neighbourhoods close to the core of former North York City.
1. Willowdale
- Highlights: Multicultural, dense residential areas, busy commercial corridors
- Perfect for: Those seeking an urban lifestyle with diverse amenities
2. Newtonbrook
- Highlights: Family-friendly, good schools, parks and recreation
- Perfect for: Families looking for suburban comfort close to the city
3. Don Mills
- Highlights: Planned community, green spaces, Don Valley trails
- Perfect for: Outdoor enthusiasts who want access to nature areas
North North York
The northern part of North York has seen extensive residential development in recent decades.
1. Bayview Village
- Highlights: Upscale shopping district, newer residential high-rises
- Perfect for: New builds in North York in this area are perfect for affluent urbanites, luxury shopping and dining
2. Henry Farm
- Highlights: Low-density neighbourhoods, larger suburban homes
- Perfect for: Families desiring spacious properties in quiet enclaves
3. Westminster-Branson
- Highlights: Parks, community centers, well-rated schools
- Perfect for: New builds in North York in this area are perfect for growing families prioritizing kid-friendly amenities
West North York
The western side of North York borders other GTA municipalities and has commercial/industrial pockets.
1. Downsview
- Highlights: Aerospace manufacturing, future transit hub, affordable housing
- Perfect for: Those in aviation/manufacturing sectors, budget home-buyers
2. York Mills
- Highlights: Access to 401, a mix of residential and commercial
- Perfect for: Commuters looking for housing near major highways
3. Beverley Glen
- Highlights: Affluent residential enclave near parks and ravines
- Perfect for: Luxury home-buyers desiring privacy and greenspace
Pros of Living in North York
- Multicultural and Vibrant Community with a Rich Cultural Scene: Choosing new homes in North York means access to a diverse and lively community, with a rich culture, ethnicities, and traditions. This diversity is showcased in its restaurants, festivals, and overall atmosphere, creating a welcoming and inclusive environment for all. The area’s cultural scene is also thriving, with numerous festivals and events throughout the year that celebrate the area’s diversity and rich cultural heritage.
- Excellent Public Transportation and Commuting Options: With two subway lines and an extensive network of bus routes, new townhouses for sale in North York offer excellent public transportation options that make commuting and navigating the area a breeze. The TTC subway lines and buses provide easy access to other parts of Toronto, reducing the need for a car.
- Abundant Green Spaces, Outdoor Activities, and Safe Environment: North York is surrounded by beautiful green spaces, parks, and hiking trails. When you invest in new homes in North York you have ample opportunities for relaxation, outdoor recreation, and en