The Fastest Growing Condo Cities Outside Toronto
The GTA is one of the fastest growing regions in Canada. With such a dense population in the downtown core, the urban sprawl has seen immense growth in many nearby cities such as Vaughan and Mississauga. While pre-construction condos have cluttered Toronto’s skyline with cranes, there are several other pockets outside the GTA that have seen a large boom in condo activity.
Here are some of the fastest growing neighbourhoods for condos in the GTA and the hot upcoming condo projects that are making them even more attractive in 2017.
Condos in the Vaughan Metropolitan Centre
Why the neighbourhood is trending
The city of Vaughan has come a long way from the row of suburban commuters heading to the downtown core every weekday morning. Outside of the Vaughan Mills Shopping Centre and Canada’s Wonderland, Vaughan has never been able to establish its own downtown identity.
Today, the city is heavily investing in the “VMC” (Vaughan Metropolitan Centre) by offering huge financial incentives to companies looking to build office spaces and by overseeing a large influx of modern condominiums. Now with the latest TTC Subway expansion and the creation of master-planned condo communities such as The Icona by The Gupta Group, the future of the Vaughan Metropolitan Centre looks very bright.
The Icona Condos – The Gupta Group
This new condo development will soon define the skyline in North Toronto with it’s two modern towers. The best features of Vaughan are instantly accessible from the front door of the lobby. This includes connections to transit, all major highways, and the best shopping, dining, and entertainment north of Toronto. Read more about The Icona Condos here.
Cosmo Condos Phase 3 – Liberty Development Corporation
Located at Highway 7 and Maplecrete, this new condo development is set to complete in 2020. This project will be standing tall at 36 floors and 361 suites. Like the other phases of Cosmos Condos, this tower should expect to sell out soon. It is the third of 3 residential condominium towers planned in the community. Read more about Cosmos Condos here.
The Met Condos – Plaza Corp
The Met Condos stands high at 35 storeys over Regional Road 7 and Jane St in Vaughan. The futuristic design will be completed by developer Quadrangle in 2019. Close to the subway and the heart of Vaughan, this condominium will be sure to turn heads. Read more about the Met Condos.
Condos in the Mississauga City Centre
M City Condos – Rogers Real Estate & Urban Capital Property Group
Why it’s booming
Mississauga is the 6th largest city in Canada, and always one of the fastest growing. It wasn’t until around 10 years ago when condo towers around the Mississauga City Centre started popping up everywhere. Today the skyline of Mississauga has become dominated by the brilliant condo buildings that continue to define the growing economy, population, and life in the city.
Block Nine Condos – Amacon
When completed in 2018, Block Nine Condos will stand 24 storeys and provide 538 suites. This new condominium puts residents in the centre of Mississauga’s thriving City Centre and in the heart of Mississauga’s best shopping, dining, and entertainment. Looking for more information about this exciting development? Read more about Block Nine Condo here.
M City Condos – Urban Capital Property Group
M City Condos is backed by the Rogers Real Estate Group and developed by Urban Capital. This is a giant master-planned condo community that will involve 10 modern buildings, featuring over 6000 residential suites. This project is launching in January of 2017 andis sure to sell out quickly. Find out more about M City Condos here.
For more inside information regarding the best pre-construction condos around the Greater Toronto Area, stay tuned to the TalkCondo news section, or register for our insider access.
