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Home » Real Estate » Pre-Construction Homes in Toronto » New Pre-Construction Homes in Toronto

New Pre-Construction Homes in Toronto

A complete guide you have to read before buying a new pre-construction home in Toronto

by Jaime Warner
January 6, 2022
in Canada, Pre-Construction Homes in Toronto, Real Estate
New Pre-Construction Homes in Toronto
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Toronto is a big city exploding with things to do and places to explore. This city is home to more than 2.93 million people, making it lively at all points during the day. New pre-construction homes in Toronto are continuing to make way for even more lucky owners.

The city of Toronto is filled with education and employment opportunities, entertainment options, and ways to enjoy every part of the city. Each area houses a unique atmosphere that is different than the rest.

The city spans more than 630.2 square kilometres on a breathtaking waterfront. Toronto has everything you could ask for.

Popular Home Builders in Toronto

  • Paradise Developments
  • OHM Developments
  • Greenpark Group
  • CountryWide Homes
  • Fieldgate Homes

Up and Coming Neighbourhoods in Toronto

Let’s first take a look at some of the Toronto neighbourhoods and what they offer.

Dovercourt

Dovercourt is a lively Toronto neighbourhood in one of the most desirable areas for many. This young area is home to many urban stores and restaurants, as well as some famous music and instrument shops. Dufferin Mall is not a far walk away, and many of the neighbourhood inhabitants enjoy it as a weekend excursion. The nightlife is great for young adults and features many ways to get to know your community.

Bloordale Village

Bloordale Village is a family-friendly neighbourhood featuring many amenities and green areas. Grocery stores and clothing shops are never far, and subway stations close by making any commute simple. This upbeat village has activities for everyone to enjoy.

Kensington

Kensington is one of Toronto’s most well-known and unique neighbourhoods. The streets are filled with cafes, thrift stores, bars, and fresh food outlets. Typically geared towards younger generations, this area neighbours China Town and is easily accessible from the downtown core. Food is affordable, and amenities tend to be on the cheaper side on this side of town.

West Queen West

West Queen West is a modern and updated area, placed second by Vogue on the list of coolest neighbourhoods in the world only a few years ago. This picturesque area is home to art galleries and boutiques to explore and never get tired of. The site also includes Trinity Bellwood’s Park, a popular spot for gatherings in the nice weather.

Liberty Village

Liberty Village features plenty of new build homes in Toronto as well as high-rise condos. The area is heavily populated by young professionals enjoying the mix of work and social life. The area is conveniently located close to many great amenities and stadiums, as well as is a prime commute area and easy to get to and from.

Average Prices of Houses in Toronto

The prices of Toronto can be differentiated by the type of build as well as the area it is located in. New pre-construction homes in Toronto are following a similar suit.

For the average standalone home today, the city tends to sell around the price of $1 million.

As per each neighbourhood, some of them differ slightly as we move through the city. Kensington houses have recently sold around prices of $870,000, where Dovercourt standalone homes are priced closer to $1,2000,000.

The prices are heavily based on nearby amenities and how close you are to the downtown core. Closer areas are priced higher because you save time and money commuting, and neighbourhoods further out will face a little more of a commute but will have a break from the downtown commotion.

Transportation in Toronto

Toronto transportation services have been ranked as excellent by many sites and magazines over the years. It typically holds the top spot for best transportation across Canada.

Toronto is home to three major modes of transportation, including the subway, streetcars, and buses.

The Toronto subway system is a fast and money-efficient way to travel within the city itself. Subway stops can be frequently found throughout the city street corners for easy access from nearly anywhere.

The streetcars and buses are the above-ground alternatives to the underground subway. Not quite as fast, but cheap fares and great commute routes to everywhere across the vast city.

Toronto’s union station is the hub for transportation outside of the city, bringing in trains from nearly every direction. This central area is a major part of how citizens travel in and out of the city every day.

Traffic in Toronto can be busy considering the growing population, and many citizens rely on these modes of transportation in comparison to travelling via cars to work.

Entertainment in Toronto

Toronto entertainment is limitless. Home to the famous entertainment district and amenities on every street, you can always find something to do.

If you are an outdoor explorer, the city has nature spots and hiking trails for you to try out. The sunsets and sunrises are like no other. You can take a water taxi out to Centre Island for a day trip to enjoy the sun or rent a bike for a tour of the entire area.

For tourist enthusiasts, you can visit the amazing CN tower and have dinner in the spinning dome. Or you can travel the city and read up on the history of all the small markets and areas to explore where they came from. The historic sites and museums are endless, and you can learn about each place you visit.

If you are a sports fanatic, you can book tickets to watch a Toronto FC soccer game at the famous BMO field or watch a Toronto Maple Leaf game at Maple Leaf Gardens.

Toronto is also home to North America’s only castle – the amazing Castle Loma. This building full of history and hidden passages offers tours and even haunted houses for all to enjoy.

For the small streets in between, everywhere you go will have cafés to work or study at and rooftop bars to enjoy the evening and see some friends.

Employment Rate in Toronto

Toronto’s employment rate is around 10%, sitting not too far off from other major cities.

The City of Toronto itself employs nearly 1.3 million employees, offering a great opportunity to many of its working inhabitants and newcomers looking for job opportunities. The city provides various workshops for resume building, interview practice, and job fairs to help people find jobs they love.

Wonderful Facts About Toronto

Toronto is a beautiful city with something to offer everyone. Here are 5 more great facts that show how grand the city is:

1. Toronto is the largest city in Canada and the 4th largest in North America.
2. Toronto is home to more than 8,100 restaurants and bars.
3. Over 800 dialects and languages are spoken within the city. These include Chinese, Spanish, Italian, Tagalog, and many more.
4. Young street, found in the downtown core of Toronto, is reportedly the longest street in the world by the Guinness Book of World Records – is it 1,896 kilometres long!
5. Toronto’s many beaches have a combined shoreline of more than 43 kilometres long – which is actually 138 kilometres if the bays and islands are included.

Summary

Toronto is a massive city with something to offer everyone. The new pre-construction homes in Toronto are going to make an excellent place for new citizens who have endless streets to explore.

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Jaime Warner

Jaime Warner

Jaime is a proud Raptors fan and Torontonian. He tries to attend at least a few games for the Raptors every season to make sure he’s rooting for his favourite team. When he’s not playing basketball or watching games, he’ll be spending time with his many cats!

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