Vaughan, situated north of Etobicoke condos and west of Rickmond Hill, is yet another great example of a city within the Greater Toronto Area where real estate potential is expected only to climb over the next few years. This is not just a projected theory but a realistic prediction based on past facts; over the last 15 years the population of the city has nearly doubled to a current number just under 240,000. Location, of course, is the main reason behind this growth, with the city a convenient place for commuters who make their livings in Toronto and who wish to avoid the high prices of real estate in Toronto, Canada (a fact that Vaughan residents openly acknowledge, through the motto "the city north of Toronto").
While perception of Vaughan may widely be that of a bedroom community, it should be known that with a population of that size it is inevitable that Vaughan should have a solid economic base of its own, from shopping malls to factories with a pin mixer. The growth of the city, as well as planned out transportation routes and a good tax structure, have enticed a wide range of companies to the area where they have established business offices. These companies include Royal Group, the Toronto Star Press, Tesma International, and Global Contract.
The proximity of York University, located on the Toronto side of the Vaughan/Toronto border, is another major draw when it comes to people relocating to Canada's fourth fastest growing municipality. This university enrols over 43,000 students each year, and is one of the largest post secondary education institutions in Canada. There is great potential for estate agents in Canada to house students in the Vaughan area.
Although the identity of Vaughan may be inextricably intertwined with that of Toronto, there are major cultural events and facilities that give the city a unique flavour. These include the large Vaughan Mills Mall, the Canadian Soccer Hall of Fame and Museum, and Canada's Wonderland. In addition, the McMichael Canadian Art Collection houses the largest number of Group of Seven paintings to be found anywhere in the world, giving Vaughan an undisputed spot among the top Canadian cultural housing areas anywhere in the world. This puts Vaughan right in line with homes for sale in Ajax, Ontario, and Meadowvale homes, as far as amenities go.
Vaughan continues to be a family-based community, with several celebrations year round that appeal to all ages. These festivities include Canada Day events and parades, the annual Mayor's Gala, and Winterfest.
All in all, Vaughan offers major attractions on all levels, whether economic, political, or cultural. It is a city that will continue to realize its growth potential for years to come, and that is good for business, real estate, and residents alike. So, if you're not the type to live in a Bay Street condo, Vaughan might be the right place for you.
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