Address: 100 New Park Pl, Vaughan
Parking Spots: 1
Indoor Size: 638 sq. feet
Age 2 Years
Total Units 553
Name Transit City 2 - Highway 7, Vaughan
Corp. Number TBD
Neighbourhood & Surroundings
With its highly competitive industrial and commercial tax rate incentives, paired with easily accessible transportation highways and roads, Vaughan has quickly become one of the go-to destination hubs for business. With the influx of new businesses establishing their footprints in the area, so too are their employees. Homeowners, including young professionals and new families, are looking for areas and neighborhoods that suit their needs. Their main criteria focuses around easily accessible schools, public transit options, open green spaces and entertainment. It is hard to match that criteria in Toronto, where costs of homeownership continue to escalate upward. This, in turn, makes home-buying financial burdens for many. It is for this reason that many have been moving into neighborhoods in Vaughan. With several transit options, including the highway, GO Train, TTC, and subway, accessing all the major hubs across the GTA has never been easier and more cost-effective.
One of Canada's most famous universities, York University, with more than 43,000 students enrolled across ten campuses is conveniently located on the Toronto-Vaughan border. This makes it easily accessible for students in the area. One of Vaughan's most notable spaces is The Vaughan Metropolitan Centre which will be built on a 100-acre parcel of land. This community space will be the largest mixed-use project in all of Canada. The city and developers share a vision to make this space have a downtown feel, with urban living featuring new condominium developments, townhomes, entertainment spaces, hotels, parks, and new public transit access spaces. In recent years, Vaughan's tourism industry has grown exponentially, with new sights and attractions being introduced all the time. Some of the most notable ones include the Vaughan Mills shopping center, Reptilia Zoo, and Canada's Wonderland, Canada's largest amusement park.