Earlier this year, we listed a few new condos in and around the Greater Toronto Area (GTA) that first-time buyers could actually afford. Well, it’s been a few months and we have another handful of new condos first-time buyers should know about.
With the recent news that the average new condo unit in the GTA costs $627,000, we imagine there are many first-time buyers out there feeling like there is no possible way of getting into the market. As of the end of June 2017, the average price per square foot in the new condo market was $742. A year ago, the average price per square foot was $587, and everyone thought that was high.
Don’t let these numbers scare you. They’re just averages. There are still new condos in the GTA and surrounding area where young buyers can make their dream of home ownership come true! Here are five:
1) DuEast Condominiums in Toronto by Daniels
This is Daniels’ latest new condo in Regent Park, located at Dundas and Sumach. The highly walkable area offers many neighbourhood amenities, public recreation spaces, and two streetcar lines are just steps away.
Prices at DuEast Condominiums will start in the high $200,000s. Daniels is also offering a First Home BOOST, which turns your 5% down payment into 15%! DuEast is opening this fall, so you better join the Inner Circle today for exclusive updates and invites.
One Wellington is for the young buyer who wants the condo lifestyle without the busy urban location. Angil Development Group is calling this new condo the first urban style condo in downtown Brantford.
There are 140 units at One Wellington and prices start from $199,000. We bet you haven’t seen a new condo unit at that price point in a while. That’s the kind of price break you get when you don’t care whether or not you live in the heart of a major urban centre. Register now because One Wellington is coming soon!
Located in the Aldershot community of Burlington, Affinity Condos is surrounded by convenient amenities, including shopping, restaurants, grocery stores, banks, coffee shops, recreation centres, and the Aldershot GO Station is just 2 km away!
Affinity Condos is now open with prices from the upper $300,000s. Visit the sales office at 348 Plains Road East, Monday to Thursday from 12 pm to 7 pm or on the weekend from 12 pm to 6 pm. You can also call 289-337-5937 for more information.
Here’s another option for first-time buyers who prefer a more quiet, peaceful neighbourhood. GO.2 Condominiums is located steps from the Maple GO Station, giving you quick and easy access to Union Station in Toronto; it only takes 30 minutes to get downtown!
Maple is a growing community of Vaughan, and now is the time to get in on it. GO.2 Condominiums starts in the mid $300,000s and units are selling quickly! For more information, register here!
5) YongeParc2 in Richmond Hill by Pemberton Group
With a wide selection of new condo communities catering to all types of buyers, Pemberton has another one on this list! YongeParc2 in Richmond Hill is surrounded by parks, entertainment, and shopping, and the York Region Transit Hub is within walking distance, so you’re connected to the whole city without a car.
YongeParc2 is now open as well, with prices from the mid $300,000s. For more information, register now!
We hope this list encourages more first-time buyers to get out there and start hunting for your new home!