| In contrast to many areas looking at a downturn | | | | high end shopping centers, restaurants and |
| in residential sales due to a lack of consumer | | | | well-maintained public recreational facilities. |
| confidence, hotspots like Vaughan, Ontario, the | | | | As the population in Vaughan has increased, the |
| "City above Toronto" are actually seeing a 'seller's | | | | infrastructure has kept up with the demand for |
| market' due to fast paced expansion. The city of | | | | access to Toronto for the daily traveler, and |
| Vaughan has reshaped itself over the previous 20 | | | | there is an impressive grid of four lane streets |
| years from an agricultural township to a fast | | | | that connect the highways and toll roads to city |
| paced urban hub of a number of communities | | | | streets and thoroughfares. The local Viva bus |
| with a rustic feel. The population of Vaughan grew | | | | system has a fleet of stylish Van Hool buses that |
| 276 percent in the ten year timeframe from | | | | connect transportation providers at the |
| 1986 to 2006, and by 2031 there may very be | | | | 'Vivastation' which features new ticket machines |
| well over 1.5 million residents in the region. | | | | and 'smart' monitor to inform passengers of all |
| The census numbers from 2006 reveal that | | | | departures. The Greater Toronto Transit |
| Vaughan is bringing in a lot of young residents, | | | | Authority, known as as GOT, supplies rush hour |
| with 81 percent of the city under 55 years old | | | | commuter trains for stops in Vaughan and the |
| with a median age of 35.9 years, which is | | | | Toronto Transit Commission (TTC) has bus |
| significantly smaller than the 39 year-old average | | | | routes that connect to subways and RT stations |
| for Ontario. Even though up to 65% of the | | | | in Toronto. |
| houses in Vaughan are single-family detached | | | | Another rationale for the Vaughan real estate rise |
| buildings, high end multiple-row houses and | | | | is the amount of land still procurable for |
| apartment condominium are increasingly more | | | | development. Because Toronto has such a tightly |
| popular, based on research by the York Region | | | | packed population, there are less occasions to |
| Planning Department. | | | | custom build houses and estates in the immediate |
| The median household income is 31 percent | | | | area. The wide open areas also demonstrate |
| above the national average, as a result Vaughan | | | | there is potential to develop new attractions like |
| real estate ranges more than the average price | | | | the Canada's Wonderland theme park located in |
| of residences in Toronto.The spin-off of this can | | | | Maple, one of Vaughan's districts, that brings in a |
| also be felt in Markham homes for sale as well | | | | wide range of visitors to boost the local economy. |
| which has also seen a rise in demand from home | | | | A few of these open spaces are zoned as |
| buyers and is welcome news for sellers. | | | | agricultural land and there is some worry that |
| One of the more popular attractions of Vaughan | | | | soon it will all be developed The additional |
| real estate is how close it is to Toronto's | | | | communities that make up the city of Vaughan |
| services, however without the hustle and bustle | | | | are Woodbridge, Klienburg, Markham, Concord and |
| of an urban center. Purchasers are also attracted | | | | a part of Thornhill. The extraordinary flavor of |
| by the emphasis on public green areas set amid | | | | each area is a result of the blending of older |
| As opposed to many 'bedroom communities,' | | | | family properties, upscale master-planned areas |
| Vaughan has plenty daycare and health care | | | | and multi-family homes that are combined with |
| services -- including a new regional hospital -- and | | | | industrial sections and retail centers. |