Even though the homes market has been hurt by a lack of consumer confidence resulting in home sales to decrease around the world, places like Vaughan, Ontario the City Above Toronto,” are making a fast market improvement, creating a not often seen ‘seller’s market.’ Over the last 20 years, the area has risen from a mostly rural region to a busy hub of communities that are all seen as part of the city of Vaughan. In just 10 years, the population of Vaughan increased by 276 percent and is predicted to climb to 1.5 million by 2031.

The census results from 2006 reveal that Vaughan is attracting a lot of young residents, with 81 percent of the community under 55 years old with a median age of 35.9 years, that is quite a bit smaller than the 39 year-old average for Ontario. The demand for single-family dwellings has swelled as a result, and although 65% of the housing still are made up of detached units, studies by the York Region Planning Department indicate there is a steady shift in condo units and multiple-row house construction in the last few years. The median family income is 31 percent above the national average, as a result Vaughan real estate ranges more than the average price of residences in Toronto.The spin-off of this can also be felt in Markham homes for sale as well that has also experienced an increase in demand from home buyers and is great news for sellers.

The proximity to Toronto services is one reason Vaughan real estate has become so sought after, chiefly because the way of life provides such a contrast to the packed urban population of the metropolitan area. Purchasers are further attracted by the focus on public green areas surrounded the well planned neighborhoods with civic hubs with modern schools. As opposed to many ‘bedroom communities,’ Vaughan has plenty daycare and health care providers — taking into account a new regional hospital — and upscale shopping centers, restaurants and well-maintained public recreational facilities.

Thanks to the flat land, an impressive criss-cross of well-paved four lanes roads connect the expressways and toll roads leading to Toronto from Vaughan’s residential neighborhoods. The local Viva bus system has a fleet of sleek Van Hool buses that connect transportation providers at the ‘Vivastation’ that features modern ticket machines and ‘smart’ monitor to inform riders of all departures. The Vivastation features state-of-the-art ticket ticket machines and ‘smart’ display notifications for bus departures that link up to the Toronto Transit Commission (TTC) subway systems.

Another rationale for the Vaughan real estate rise is the size of land still available for development. Since Toronto has such a tightly packed population, there are less occasions to custom build houses and estates in the immediate area. The wide open areas also demonstrate there is potential to develop new entertainment places like the Canada’s Wonderland theme park found in Maple, one of Vaughan’s communities, that pulls in a wide range of visitors to inject money into the local economy.Farmland comprises a large portion of undeveloped land and there is a move afoot to try and protect it. Along with Maple, many other small communities encompass the city of Vaughan. They include Woodbridge, Markham, Concord, Kleinburg and sections of Thornhill. The extraordinary flavor of each area is a result of the mixture of older family homes, high-end master-planned neighborhoods and multi-family housing that are blended with industrial sections and retail centers.

Author Bio: The housing sector is ever changing and Stefan Hyross is a writer for both Vaughan real estate as well as following the property market in general. If you are intent on discovery more or would like to search for Markham homes for sale please stop by the website.

Category: Real Estate
Keywords: real estate, home buying, home selling