List of New Homes in North York
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Coming Soon
The Winston Collection Homes
Pricing From Coming Soon!
68 Churchill Ave, North York, ON
Developer - Insoho Developments, Harbour Equity
Occupancy - TBD
View Details -
Sold Out
Sterling Estates on the Humber
Pricing From Developer Sold Out
2996 Weston Rd, Toronto, North York, ON, Canada
Developer - Sterling Group Inc
Occupancy - TBD
View Details
Investing in North York Real Estate Market
The city of North York is a district of Toronto and is located north of the city. As part of the City of Toronto, North York has become a city within a city. Toronto and North York were merged to form a new municipality. North York has a diverse population of more than 691,000 people, and its diverse nature has made it a growing community. Its residents represent over 50% of visible minority groups and speak 54% of other languages than English, making it one of the most diverse places in the country. The city is bordered by Finch Avenue and Lawrence Avenue, which run along the north and south borders of the city, while Victoria Park and Keele Street lie on the east and west end of the city. Its diversity stemmed from the original mixing of independent neighbourhoods in North York. North York has an urban feel in the Uptown and Midtown area, with narrow streets and high-rise buildings. Apart from having a culturally diverse population, North York also has a diverse population when it comes to income levels, which is a vital component of a flourishing community. The North York community offers many types of housing, from high-rise condos to detached houses and condo townhomes. Mid-to-high-rise condominiums are most common in North York, followed by single-family homes. Investing in a new home in North York is a great option for those who want easy access to recreation, employment, and education opportunities in the city and Toronto. There are several highways and major roads in the area that provide easy access to the city and the Greater Toronto Area. Those travelling north or south have the choice of taking the Don Valley Parkway or Highway 404, each of which connects to Highway 401, which runs east to west. There are also many parks, recreational facilities, and shopping centres in the city for residents to enjoy. The area has many parks where residents can get away from the city’s hustle and bustle, including the Toronto Botanical Garden, Earl Bales Park, and Downsview Park.
Why Buy Pre-Construction Homes in North York
The geographic distance between Old Toronto and North York has made it its city. It has a diverse housing market with a wide variety of homes ranging from large executive homes to mid-to-high-rise condos to detached homes. Nearly 50 percent of all dwellings in the region are five-storey or higher buildings, while 25 percent are single-family homes. The value of properties has increased by 47.6 percent over the last two years. With pre-construction homes in North York, residents will have plenty of employment opportunities and educational options. North York’s occupational profile shows that sales, service, business and finance, education, law and government, management, as well as natural and applied sciences are the top occupations in the city. Additionally, North York provides easy access to Toronto and Markham, where there are many employment opportunities. There are also several post-secondary educational institutions located within and around North York. North York is within 30 minutes of the University of Toronto – St. George Campus, York University, Seneca College, and Ryerson University. Both the Toronto District School Board and the Catholic District School Board offer elementary and secondary education in North York. In the city, there are over 100 elementary schools and 15 secondary schools operated by the TDSB. There are several transit options for residents to travel within and outside of the city, such as GO Transit and the TTC, which have convenient locations throughout the city.
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Working in North York
The top occupations in the city are those in sales and service, finance, education, law, and management. In North York, the five largest sectors are professional, scientific, and technical services, health care and social assistance, retail trade, finance and insurance, and manufacturing. North York is home to several corporations, including Home Depot Canada, Canadian Tire Corporation, Starbucks Canada, and Mars Wrigley. The Sunnybrook Health Sciences Centre, the Humber River Regional Hospital, and the North York General Hospital are among the hospitals that offer employment opportunities in the area. The many career opportunities in Downtown, Midtown, and Uptown Toronto can be reached with ease from a new home in North York. The city is also within easy reach of Toronto, which is the country’s largest economic contributor.
Average Home Price for North York in June 2024
According to the June TREB report, the average price in North York achieved is about $1,385,139 for all property types. An average detached home in the middle of the city of Toronto will cost approximately $1,758,649 while a semi-detached home goes for around $1,282,973. The GTA on the other hand has an average price of $1,110,600. Here we observe that single family homes sold in Toronto are sold at a slightly higher price of $1,343,400. Semi-detached houses in Toronto are relatively more expensive than the overall GTA average of $1,102,904, reinforcing the idea of the city’s prestige. The average of the selling price in June 2024 of the detached homes located in North York was $1,733,881 and the average days on market was 20 days for a listing. A few blocks away, semi-detached homes on average went for $1,176,445 for only 15 days on the market. This has dropped to 3.68% from the prior year and the benchmark price for single-family detached homes in Toronto was $1,548,400. For single-family attached homes, the average price was $1,325,100 which has been slightly lowered by 2.35%.
North York Transit and Accessibility
North York has many transportation options to help residents get around, including highways, buses, and subways, some of which are open 24/7. Three major highways are accessible to North York residents: Don Valley Parkway, Highway 400, and Highway 401. Toronto Transit Commission is the city’s main public transit provider. Customers in North York can reach Downtown Toronto by taking the Yonge-University line north and southbound. Line 4 Sheppard in Sheppard-Yonge provides easy access from Sheppard-Yonge to Don Mills. Buses and streetcars are also offered by the TTC as an alternative to the subway. To pay the fare, customers can use their PRESTO card, which can be used on most transit services within the GTA. The North York region is served by GO Transit stations such as York Mills GO Terminal, Finch Station, and Old Cummer GO, where riders can use GO bus services. Alternatively, passengers can reach Union Station in Downtown Toronto in 30 minutes from either Finch or the Finch West station. TTC vehicles are equipped with features and technology that facilitate easy travel for everyone, including priority seating for the elderly, people with disabilities, and those pregnant, as well as kneeling features and ramps on buses and streetcars. Another option available for those who require reliable and accessible transportation is TTC Wheel-Trans. Wheel-Trans customers must book their trips online or by phone to use the service. With a new home in North York, you’ll have a range of transit options within walking distance, making it convenient to commute to and from the city.
North York Lifestyle
North York is home to a highly culturally diverse population of over 691,000 people, with over 50 percent of the residents coming from a visible minority group. There are many opportunities to invest in a new home development in North York due to the continuous growth of the population. This city is also known for its high-income levels due to its average household income of $113,078, according to census data. The most prominent industries in this region are professional, scientific and technical services, health care, and financial services. North York City Centre is one of Toronto’s main business districts and is a second hub outside of the downtown core. There are several national corporations headquartered near Yonge Street in North York. Located in the North York Civic Centre, which once housed the North York City Council, now houses the Toronto community council and other city departments. The city also boasts several popular malls, making North York one of the most prominent shopping districts in the Greater Toronto Area. There are several shopping centres in North York, such as Don Mills Centre, Sheppard Plaza, Yorkdale Shopping Centre, and Fairview Mall. The city is also home to many other attractions worth visiting, such as Black Creek Pioneer Village, the Ontario Science Centre, the Aga Khan Museum, and the Toronto Centre for the Arts, and the TTC provides easy access to all sites in North York. There are more than four acres of gardens and trails at the Toronto Botanical Gardens in North York that residents can explore. There are also well-known post-secondary institutions in North York, including York University and Seneca College Newham Campus. With over 55,000 students, York University offers arts, humanities, and business programs, and over 97,000 full-time and part-time students attend Seneca College of Applied Arts and Technology.
