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Thriving Reasons To Invest In Thornhill Real Estate

Thornhill city, situated between the Markham east of Yonge Street and the Vaughan west of Yonge Street, is a blissful, calm & luscious place to live. This place is an upscale community that greets residents with lush greenery, manicured lawns, and several eye-pleasing surroundings.  

Thornhill reflects an ideal opportunity to invest in real estate as it is soon becoming one of the most populous neighbourhoods in the GTA area. It has something for everyone, from long walking trails to shopping streets, good food, and robust connectivity. 

Since the early 2000s, this place has experienced a massive demand for pre-construction condos amid an increasing population. As prices in Toronto and nearby areas continue to skyrocket, Thornhill has become a profitable investment option. This quiet, beautiful, and amenities-loaded community is due for substantial growth in the upcoming time. 

This alluring region primarily accommodates new detached homes, new townhomes along with posh condos. A two-storey house is among the most preferred living options of the majority of residents. 59% of the total detached homes account for sales, including 24% of condos and 15% of townhouses. 

Real Estate Growth in Thornhill

With the growing population and demand for living spaces, real estate is booming in Thornhill. The average reselling price of all home types is around $983,817, with a growing appreciation rate of 8.0%, higher than the previous decade. 

The average rental rate in the Thornhill area sits around $2,600, which is an appreciation rate of 5.1% for the past decade. In 2021, the demand for new condos in Thornhill is surging as the property vacancy rate hovers at only 0.8%. 

The homeownership rate at Thornhill condo market is 85%, and 15% is tenanted. This staggering ownership ratio reflects a substantial growth in the upcoming time. It is an ideal place for investors that plan to move towards York Region. Surrounded by beautiful neighbourhoods and lush greenery, Thornhill condos demand will seek a massive appreciation in the future.

Population and Affluence

Pre-construction work in Thornhill area will surge in the upcoming time as the population is gradually growing. The current population of its community is around 139,440, and the average income sits at $79,438. 

From high-ranked schools, libraries, parks, shopping centers to medical hubs — the affluent & quality amenities make Thornhill a perfect investment option. With contentious development in the Thornhill area, the demand for pre-construction condos is also growing. 

Attractions at Thornhil

Thornhill greets its residents with eye-pleasing assortments, including Don Valley Park, Bayview Glen Park with a historic village area. For golf lovers, there are multiple options to choose from, including Country Club and Bayview Golf. You will find plenty of recreational centers, shopping centers, and eateries to spend quality time with your loved ones.

Quick Connectivity

Residents have multiple transportation options to save time in commuting. Thornhill offers robust availability of buses and trains along with nearby connectivity to highways. For north-south travel, residents can take Highways 400 and 427. And, Highways 407 and 7 offer quick east-west commuting across the nearby areas. Residents can reach downtown in less than 30 minutes, depending on the traffic. 

Public transportation options include York Region Transit & VIVA rapid transit system connecting all York Region's municipalities. Residents also have the GO Transit facility located at Langstaff Road, Yonge Street, and Promenade Terminal. 


Buy Property in Thornhill with Conquer Condo

Thornhill area will flourish in the upcoming time with upcoming development and population growth. Invest smart and buy a new home in Thornhill to generate higher ROI for your capital. Get in touch with us at 6478126544 or email us at [email protected] to know more about real estate investment.

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