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Aurora, one of the charming towns located in Southern Ontario, is a perfect place that greets residents with urban amenities & blissful small-town beauty. This town shows signs of substantial growth in the upcoming time due to the Government of Ontario's Places to Grow Act. Aurora's condo market is flourishing as it is attracting many local and international businesses to its ground.
This close-to-nature area is excellent for those who want to reside near their work, ignoring downtown's hustle-bustle. With the government's long-term development plan for this area, the demand for new homes in Aurora is also surging rapidly.
Aurora has made its place into Canada's top place to live list because this small place has so many things to offer to everyone. Surrounded by lush greenery, long walking trails, soccer fields, and more make this place feel alive and homely. Residents have a lot of options to keep themselves healthy and happier with multiple recreational activities.
It is among the most fruitful places to invest in real estate and experience peace of mind & the essence of a small town without missing out on facilities. The demand for pre-construction condos is growing with time, and the numbers reflect a fortified real-estate growth.
As per the Toronto Real Estate Board, the average price has increased for all home types 25.32%, Detached homes 32.63%, Condo Townhouses 47.78%, Condo Apartments 4.87%, in the year 2020 vs 2019.
Coming to the resale appreciation rate, it is hovering around 6.7% for the past decade. The average rental in Aurora is currently $2,100, and it is an addition to the appreciation of 3.7% for the last ten years. With the ongoing development, the demand for under construction condos and new detached homes is increasing rapidly. The property vacancy rate of Aurora Town is only 0.8%.
People from neighbourhoods are shifting in Aurora because of its wholesome lifestyle and active living. The current population of this town is around 58,000, and it will grow to 70,000 by 2031. Aurora is due for a massive transformation because of Ontario's Places to Grow Act and several businesses investing in this land.
One primary reason behind the sudden rise in demand for new condos in Aurora is its eye-pleasing neighbourhood places and fitness amenities. This beautiful place welcomes its residents with more than 40 parks covering a massive 780 acres of area. From tennis, soccer fields, splash pads — you name it, and this town has it. The long Nokiidaa Trail system quickly connects residents to playgrounds, recreation facilities, and walking trails.
Some of the popular trails at Aurora are Willow Farm, Lakeview & Wimpey that offer an uninterrupted track of 57 kilometres. It's a heaven for individuals whose hearts' beat for cycling and stretching jogging. Residents can spend quality and active family time at the Stronach Aurora Recreation Complex. From skating to leisure activities to walking down the historical memory lane — it has something for everyone. Some of the local's favourite skating parks include Machell Park, Ada Johnson Park, and Confederation Park.
Another appealing reason to go for Aurora condos is its dedicated multiple social centers for seniors. A family that also has seniors will find well-maintained Aurora's Seniors' Centre. This unique area consists of reading rooms, computer rooms, billiards and much more.
Commuting to and from is convenient and quick for residents. This town connects with Highway 404 that makes reaching the GTA effortless. Using GO Transit trains, commuters can arrive downtown Toronto in a couple of minutes.
Aurora also has the facility of York Region Transit (YRT) which covers several routes so commuters can travel easily anytime. This town has a bus service called Viva Blue Bus Rapid Transit. The trains depart every 15-20 minutes that connect all major downtown areas. Commuting to work in morning peak times is hassle-free with the GO Transit line.
By 2024, the GO Transit Regional Express Rail will also grow, considering the increasing population. With such lucrative growth plans and new projects, the market for pre-construction in Aurora will also touch new heights.
Aurora Town is all about living a healthy, peaceful and active lifestyle with all modern amenities. Get in touch with us at 6478126544 or email us at [email protected] to explore profitable investment opportunities like new townhomes and condos in Aurora.
RE/MAX Realty Enterprises Inc
1697 Lakeshore Rd West, Mississauga L5J 1J4