Homes for Sale in Vaughan, Ontario

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Vaughan Real Estate August 8, 2022
632
Listed
33
Avg. DOM
$986.81
Avg. $ / Sq.Ft.
$1,280,500
Med. List Price
632 Properties
Page 1 of 53
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Vaughan, Ontario Overview

Vaughan is a city within the GTA (Greater Toronto Area) located in the Regional Municipality of York just north of Toronto proper. Its population is 306,233 based on the 2016 census, growing considerably in the past two decades. 

The economy of Vaughan is supported by more than 19,000 businesses which have led to the development of large-scale projects like the rejuvenation of Vaughan’s downtown. Originally, Vaughan was formed from the communities of Maple, Kleinburg, Concord, Woodbridge, and part of Thornhill.

Today, Vaughan is home to a diverse, educated population that appreciates its proximity to Toronto while still having its own community and amenities. Houses for sale in Vaughan have rapidly increased in price this last year after a decade of steady growth.

Real Estate For Sale in Vaughan, Ontario

Vaughan, Ontario real estate is focused on 4 or more bedroom homes, with over 54% of homes in the city. However, 3 bedroom homes are also quite popular, and less than 10% of homes are two bedrooms or less.

Housing prices in the area have increased exponentially in the last year. For example, in December of 2020, the benchmark price for a detached home in the area was $1,145,600. By December of 2021, this had increased to $1,603,100, a 39.9% increase.

Similarly, townhouse prices have increased from $867,600 to $1,026,200, an 18.2% increase in the last year. In step with housing prices, condo prices have gone from $576,200 to $757,700, a 31.5% increase.  

Based on a shortage of homes for sale, it is considered a seller’s market across the area. This is likely to be the cause that is pushing housing prices higher.

Living in Vaughan, Ontario

Vaughan, Ontario was incorporated as a town in 1971 and by 1991 became a city. Beginning in this period and reaching today, its economy and population have snowballed. Its urban core has been heavily developed in line with this prolific growth, called the Vaughan Metropolitan Centre. Vaughan has also recently linked up to the Toronto subway in 2017 and is within close driving distance to the Toronto core.

Vaughan has many attractions, including its UFO-shaped movie theatre, the Colossus Vaughan Cinemas, and most famously, Canada’s Wonderland. Its downtown is filled with commercial areas with surrounding condominiums, including the premier outlet mall, Vaughan Mills.

Its many heritage districts also call back to Vaughan’s rural roots. The buildings in these districts retain the air of their distinct 19th-century charm. In recent years, Most of the heritage sites have been converted to modern uses, such as reception, school, and township halls. 

From early immigration in the 20th century, Italian descent make up the largest ethnic group of Vaughan at 31.1% as of 2016. Therefore, it is no surprise that there are many great Italian restaurants in the city. Through immigration in the 1990s and 21st century, visible minorities now account for 35.4% of the residents, mainly of Asian descent. 

Vaughan sports a highly diverse workforce, with retail making up 11.7% of the industry, professional, scientific, and technical services making up another 10.7%, and manufacturing making up 10.3%. However, no one sector seems to dominate the area.

Of course, many people also use Vaughan to commute to downtown Toronto for work. The York Region Transit in the area is excellent, allowing you to get anywhere in Vaughan and the surrounding areas quickly and easily for relatively cheap. A subway line connecting Vaughan into the city further connected the two areas.

Beyond the commercial areas, there are also large conservation areas in Vaughan, preserving the rural landscape. This includes the Kortright Centre for Conservation and the Boyd Conservation area. The McMichael Art Gallery is also in Vaughan, displaying many beautiful works from the Group of Seven and beyond. 

Vaughan Community Highlights

Vaughan Area Schools 

Vaughan is host to a wide range of excellent schools. Here are a few that have achieved top marks on various metrics, including the Fraser Institute rating.