New Condos For Sale in Thornhill
About New Condos in Thornhill, Ontario
The influential residents of Thornhill have the distinctive feature of being rooted in two different cities, west of Yonge Street – the City of Vaughan and east of Yonge Street – the City of Markham. It also runs along Richmond Hill.
Benjamin Thorne, an influential resident of the region who migrated here in 1820, gave the town its name. He had set up many crucial services such as a sawmill, a large grist mill, a tannery, and a lucrative import-export business.
The formal name Thornhill was given to the community in 1829 when Thorne and his brother-in-law filed a petition for the establishment of the area’s first post office.
Thornhill and the City of Toronto share a southern border along Steeles Avenue. Between John and Centre St, the old village of Thornhill is surrounded by Yonge Street. This northern neighbourhood was established in 1999 and is part of the York Regional Municipality.
Highway 404 to the east, Highway 7 to the north, Dufferin Street to the west, and Steeles Avenue to the south define its limits.
Real Estate Market
In Thornhill, the average resale condo prices for all house types is now about $1,157,286. For the last ten years, the average resale appreciation rate has been 8.3 percent.
An average cost of pre construction condos here is $780.00 per square foot. In the last ten years, the average appreciation rate of these pre construction/new condos has been 6.6 percent.
The current average rental rate in Thornhill is $2,100. This is on top of a 3.3 percent rental appreciation rate over the last ten years. The vacancy rate for condominiums is now at 0.9 percent, indicating that demand is still robust.
The percentage of people who own their homes is 85 percent, compared to 15% who rent.
It is a logical choice for property or condo buyers contemplating a move to York Region. After all, few other communities provide the elegance and comfort of Thornhill without having to live too far from the City of Toronto and Yonge Street.
Investing in Thornhill Real Estate
Since the early to mid-2000s, there has been an influx of condo townhouses and condominiums in Thornhill. And they are becoming increasingly popular as a result of the large number of families migrating north from the city and other nearby areas.
As real estate prices in Toronto are evolving to rise, more buyers are looking north. York Region is growing more appealing.
You will find about 59 percent of sales in mostly detached houses in Thornhill. The condominiums account for 24 percent and condo townhouses account for 15 percent of sales.
The most popular pattern is two-storey houses, with the majority of homes having three bedrooms.
Thornhill is currently recognised for its large population of university grads, baby boomers, and seniors.
The east branch of the Don River, which runs through the neighbouring ravine parks and village downstream, adds to the settlement’s rural atmosphere. It really exudes a sense of belonging.
Living in Thornhill condos
When you live in Thornhill, you are never far from broad open green landscapes.
Some of the most popular parks in this area are Bayview Glen Park and Don Valley Park.
Thornhill is also a favourite spot for golf lovers.
This is due to the fact that it is home to some of the best golf clubs in the city. Such as, The Ladies Golf Club of Toronto, Bayview Golf and Country Club, and Uplands Golf and Country Club.
Promenade Shopping Centre, one of the major shopping centres for Thornhill residents, is located on Bathurst Street in the neighbourhood.
This shopping centre has about 175 stores where homeowners may get practically whatever they need for their homes. For instance, you can find American Eagle Outfitters, Coach, Roots, and Lululemon Athletica.
Thornhill is a family-friendly neighbourhood with a mix of upper and medium-class residents.
It has all of the contemporary conveniences, such as parks with a variety of leisure activities, professional services, swimming pools, community centres, stores, and schools.
The nicest thing about Thornhill is that you will always find a new home subdivision available to suit everyone’s budget and preferences.
Getting In and Around Thornhill
Thornhill residents have easy access to a vast number of transportation options, including highways, trains and buses that connect them to subway stations.
Close to Thornhill, Highway 400 and Highway 427 make north-south travel convenient and simple for commuters.
Highways 7 and 407 are also easily accessible and make a pleasant east-west journey.
Driving to Downtown is a smooth experience thanks to these highways, and depending on traffic circumstances, it can be completed in 30 minutes to an hour.
A few other important transit options such as the VIVA Rapid Transit System and York Region Transit (YRT) also connect the York Region’s nine communities and enable a pleasant commute.
GO Transit has a bus station at Langstaff Road and Yonge Street, which is also where the current Promenade Terminal is located. Thornhill is also near the last stop on the Yonge Subway Line.
Projects in Thornhill
A few of the upcoming pre construction condos and new condo developments in Thornhill include:
Atlantis Condos, Thornhill: Atlantis Condos by Zonix Group is a new condo development that is currently in the pre construction phase.
This new condo development project occupies a land in the thriving multi-cultural Steeles Avenue East that boasts convenient living in the city.
As a result, future residents will find numerous essential amenities and transport facilities in close vicinity.
7028 Yonge Street Condos, Thornhill: 7028 Yonge Street Condos by the Gupta Group is another new condo development that is currently under the status of “pre construction condo” phase, located at 7028 Yonge St, Thornhill.
Residents will be close to many shopping, dining, travelling and entertainment options.
Posh Condominiums and Townhomes Development: Posh Condominiums and Townhomes by Kantium Developments is a new development at 520 Steeles Avenue West, Thornhill, ON.
A few other pre construction condominiums and new condos in Thornhill or neighbouring communities are:
- Thornheights at Kirk Drive, Markham from A1 Development
- Dufferin Vistas at Rutherford Rd and Dufferin St from Uniq Communities
- Gates of Thornhill at Dufferin and Centre Streets from Marydel Homes
- The Boulevard at Beverley Glen Boulevard and Bathurst Street from Baif Developments and The Daniels Corporation
- Promenade Park Towers by Liberty Development Corporation at Beverly Glen
For more information about the number of condos each developer sold, purchase price of condos in Thornhill or average condo price of new condos, platinum access to these plethora of new condos, or any other promotional materials, contact PreCondo today.