FOR IMMEDIATE RELEASE
(Vaughan, Canada) According to statistics, the condo sales market is on an upward trend increasing from 2015 to 2016 by 34%. Part of this upward trend is due to a lack of new developments and older, unsold units being sold for lower prices. In an effort to take advantage of this upward trajectory Transit City Condos, a new condo development by Centrecourt developments plans to start selling this development in May 2017.
“Transit City Condos is a new development by the centre court developments located in the heart of Downtown Vaughan at Highway 7 and Jane St.,” stated company representative Pushpinder Singh from World Class Realty Point. “Some of the most appealing features of our new condo development is that it is right next to the subway and just a short ride to York University.”
According to the starting price for one to three bedroom condos is in the 300s. The entire building is 55 stories high with approximately 553 units coming available. Sales for this new building begin in May of 2017 with occupancy being permitted in 2021. Additional information and floor plans can be viewed at the new website, where interested parties can also register to remain in the look about updates with the condos available.
“The Transit City Condos are being constructed by CentreCourt Developments, which is an experienced builder in the Toronto area,” continued Pushpinder. “This builder is committed to excellence and has a track record of exceeding client expectations. The condos are expected to be part of a new city centre comprised of shopping, nightlife, office spaces and more.”
According to industry experts, the new condo market is currently experiencing an increase in demand that is going to carry forward during 2017. The enhanced rental demand along with an increased interest from condo investors are putting quite a bit of downward pressure on condo inventories, which is helping to support strong price growth during the year. This makes it the ideal time for interested parties to invest in transitcitycondosvaughan.ca, before the prices rise even more.
ABOUT TRANSIT CITY CONDOS
Nestled in the heart of downtown Vaughan, Transit City Condos are one of the newest developments available to residents. Designed by well-known Toronto area builder, the units are set to be sold in May of 2017 with occupancy being permitted in 2021. Designed with resident comfort in mind, there will be approximately 553 units available for sale.
Supporting reference: official statement