transit city condos
Everything you need to know :
BUILDING A CITY
Transit City Condos is the first phase of Vaughan Metropolitan Centre, which is a 400-acres master planned community, currently the largest development project in Canada.
Transit City Condos will provide all the amenities of a vibrant city centre including direct access to a new TTC subway station with a direct connection to downtown Toronto and Union Station, while maintaining excellent access to the 400 series highway network within the GTA.
Vaughan Metropolitan Centre (VMC) already has KPMG as an anchor tenant, and with a sprawling development including, commercial, retail, hotels and a convention centre, employment opportunities will continue to grow.
York University is a short subway ride away and further down the subway line residents will have access to University of Toronto and Ryerson.
We are focused on the development of well thought out high-rise condominiums located in close proximity to Toronto’s major amenities, rapid transit network and employment areas. We believe that this approach to development will contribute to the vibrancy, sustainability and competitiveness of Toronto. We currently have eight high-rise residential projects in various stages of development throughout the Greater Toronto Area, collectively representing over 5,000 homes and $1.5 billion dollars of development value.
As a fully integrated real estate company, SmartREIT® continually advances its portfolio to ensure its properties are in demand for retailers and attractive for customers. In addition to a leading Canadian portfolio of unenclosed shopping centres, the company has a joint venture with Simon Property Group for Toronto Premium Outlets and Premium Outlets Montreal. SmartREIT® is also the lead developer for the Vaughan Metropolitan Centre, the largest mixed use development in Canada.
working with via condos
Via condos has insider access to Transit City Condos and is able to get you in first, offering you the lowest possible price point and additional incentives.
- Free lawyer review of your purchase agreement
- Free leasing at the time of closing
- Free PDI Inspection with a qualified inspector
Register online or contact Filipp Kotlyar at (647) 227-6906 or firstname.lastname@example.org for more information.
The Toronto condo market has matured into the most advanced in North America over the past decade. With the release of thousands of new condos, the staggered release process has been adopted as the best practice.
A staggered release usually follows this format:
(1) Release to Platinum brokers
(2) Release to VIP agents
(3) Release to developer’s registrants list
(4) Release to public
With over 20,000 new condos being sold per year, a special breed of realtor has arisen. Platinum agents are realtors who have sold a large volume of suites with a particular builder. Once an agent has reached the Platinum status, the developer will invite them to exclusive events and release the pricing and floor plans to them before the public and regular agents.
Over 20% of the units sold in new condos are sold by a handful of Platinum agents before most people are even aware the condo is available for sale.
The benefits of being a part of the Platinum buying group are that you get first choice of suites at the lowest initial pricing. There are also typically special promotions made available to the Platinum buying group to help build momentum of sales at the crucial launch phase of the project.
Our team has achieved Platinum status with the largest and most respected developer’s in the GTA.
Register on this page to receive your full Platinum access to this development.
With our Platinum status we can help you save time and money because the developers provide us with special access to their projects. Here are some of the ways you will save time and money:
Access to the initial release of suites at the lowest pricing
No waiting in lines
In depth authoritative analysis of each project and neighbourhood market stats
We cover a lawyers review of the purchase and sale agreement
Immediate cash savings with Platinum VIP incentive programs
Deferred deposit structures
Consultation on the selection of your ideal suite layout
Waived listing fee for first time rental of your suite (optional)
Experienced consultation during pre-delivery inspection of your suite (optional)
Not being represented properly or working with the developer unrepresented can be one of the biggest mistakes you can make in a pre-construction condo purchase.
Our brokerage is paid a commission by the developer upon successful completion of your transaction, you are not responsible to pay any commissions for our services that save you thousands. When you can get all of these valuable benefits and actually save money, it makes sense to work with professional pre-construction condo specialists.[/toggle][toggle title=”Why should I work with a pre-construction specialist?” open=”no”]Working with a Platinum status pre-construction condo specialist will save you thousands of dollars, countless hours of time, and make your service experience significantly better.
Our experience and volume of sales with the most respected developers equates to money in your pocket.
Working with a specialist makes sense in almost every area of your life.
For example, when your family has a new baby you would visit a pediatrician because your baby will get the best care with their specialized knowledge and experience of a newborn’s needs. If your car needs servicing, you would take it to a mechanic who is trained and experienced in servicing your brand of vehicle.
Working with a specialist makes sense because you get better service. Don’t take the chance of working with a friend who happens to be a realtor or trying to go at it alone, this is literally the #1 mistake in pre-construction condo investment!
Register on this page to receive your investment package and to get in contact with us.
$5000 on signing
Balance to 5% in 30 days
5% in 120 days
5% at 370 days
5% at 540 days
(1) Land transfer tax
(2) Legal fees
(3 )Development charges and educational levy
(4) Park levy
(5) Tarion warranty enrollment
(6) Bank appraisal fee
(7) Two months of condo fees
(8) Law society of Ontario fee
The amounts will vary depending on how expensive your condo is and the location. Don’t be scared about the closing costs, everyone who buys a new condo has to incur the same costs this goes into their budgeting when they decide on a selling price. By being a part of Platinum group of buyers, you will have access to the lowest initial pricing and will have a positive buffer to work with compared to the typical purchaser at the project.
Consult a sales representative for more details and to calculate your approximate closing costs and consult experts when you are planning your investment.
International purchasers will need to provide:
(1) Deposits totalling 35% of the purchase price.
(2) Two forms of government issued photo ID.
With increased scrutiny on the transfer of international funds, the developer may request additional documents to confirm the source of the funds.
Our Sotheby’s International network can provide you with white glove service in over 49 countries around the world. We can help you manage your investment as a turn-key service, with full rental and property management services available at your request.
Contact a sales representative for more details.[/toggle][toggle title=”When is the best time to buy a new condo?” open=”no”]In a typical pre-construction condo launch the best time to purchase is during the Platinum launch. The prices are the lowest and the availability is more open because the building just started sales.
In some cases, if the project is between 60-70% sold, the developer may choose to make a push to reach their construction financing targets (typically 75% of the project should be sold before a bank will finance the construction). In this scenario, the developer will offer a few Platinum brokers access to these special incentives for their clients to reach their financing target.
Working with a Platinum agent has significant benefits in either scenario, if you aren’t in the know you will miss out on these opportunities.
Short term investor: Will sell before final closing via an assignment or shortly after final closing. This investor does not want to be a landlord or deal with maintaining condos and are usually interested in established neighbourhoods and projects where they can see appreciation on their deposits that are above what they would get by keeping their money in the bank or in mutual funds.
Medium term investor: Will buy pre-construction and rent the property for a few years before selling the condo for a profit. This takes a bit more management and patience but will allow you to get a higher return on your money. The renter will pay your mortgage for a few years and put some additional equity in your pocket while the market value of your condo appreciates further. Most investors fall within this category.
Long term investor: Will buy pre-construction and rent the property indefinitely with no plans to sell. This type of investor is thinking about condominiums as a way of building wealth over the long term. Their portfolio of condos are being paid off by their tenants and are increasing steadily in value over time. With this method, a long term investor will eventually have several paid off properties that are generating cash flow for them.
The beauty of pre-construction condos is that you have the time and flexibility to adapt your strategy. We typically recommend a medium to long term approach to investing in real estate because that is the safest and most reliable way to build your wealth with a cash producing asset.
The story of Transit City Condos & VMC
Imagine being able to build a downtown core from scratch… well it all started with a phone call… members of the TTC head office called Mitch Goldhar to enquire about using his lands in Vaughan for a future subway station. That sparked an idea, one of great magnitude, one that would affect the fate of Vaughan for decades to come. VMC was born. What is VMC? Dubbed the Vaughan Metropolitan Centre, the city of Vaughan faces a unique timeless opportunity to create a new happening dynamic municipal intensification. The unification of a growing city, that is how the mayor of Vaughan, Maurizio Bevilacqua, describes the process of creating a true downtown Vaughan. VMC has now evolved and will encompass master planned community, with everything that one could imagine a true downtown should have. Within the next 20-plus years some 35,000 people will live and work in the VMC. It is one of two Urban Growth Centres outside of Toronto that is growing exponentially. The VMC is the largest new land development in Canada and the second largest in North America. In a mere 5-6 years more than 5000 people will be living in the VMC.The culmination of years of planning, consulting and 179 hectareworking with landowners, developers and city officials jointly established this one of a kind mixed-use project. The city of Vaughan has plans to create a downtown feel providing diverse opportunities for working, living, learning, shopping, recreation, leisure and culture. VMC will become a vibrant, modern urban centre for residents and businesses for an overall enhanced community. From inspiring multi-use office towers, residences, open green space and urban squares, pedestrian shopping areas and restaurants, to walking and cycling paths. All coexisting with some of the most technologically advanced sustainable buildings in the world.
The story of Transit City Condos Part II
The Vaughan Metropolitan Centre represents the movement towards the much larger regional trend of creating compact urban downtown developments within Toronto’s suburbs; transforming them into their own self-sustaining urban place. Imagine living in a new hip and happening location that serves all your transit needs, vibrant green living and accessibility to all major highways, schools and shopping. A diversity of interconnected parks and spaces will further contribute to enjoyable walking experiences. The vision of buildings that frame the streets and streetscape elements will support a safe, comfortable pedestrian environment. Life’s necessities will only be footsteps away. VMC will provide new ways for residents to navigate around the city, promoting their overall health and well-being, and ultimately differentiating Transit City from other projects in the GTA.The high performing facility will provide people better, brighter, healthier spaces to live in, work in, and even play in. It is to ensure that our future population and employment growth will be complemented with new, more reliable ways to travel.In short, Vaughan’s “New Path” is more about moving people – not vehicles. The development plan was created in such a way to facilitate such permitted uses of office, retail, community, educational, residential and leisure. The Vaughan Metropolitan Centre is the ideal location for companies that embrace innovation, creativity and the future economy. Focuses on expanding and exponential growth for community involvement and city planning are ground-breaking for the birth of infinite opportunities. Businesses will have direct access to young, talented and skilled workforce, as the unity between high density communities and the business world collide. With an 8.6 km subway extension line (six new subway stations) including a new regional transportation hub, businesses will have direct and seamless connections to Toronto through York University, and the Greater Toronto Area.VMC has been said to be the “largest and most ambitious project in the city’s history. The time is now to join us in this extraordinary opportunity to grow and thrive in a city where it all happens. Be a part of a new change, a new city and a new future.