Filter by Categories
All Condos
Ask Andrew
Insights
New Condos by City
Ajax
Aurora
Barrie
Beamsville
Belleville
Bolton
Bowmanville
Bracebridge
Bradford
Brampton
Brantford
Burlington
Caledon
Calgary
Cambridge
Collingwood
Creemore
Dundalk
Georgetown
Halton Hills
Hamilton
Innisfil
Kawartha Lakes
Kingston
Kitchener
London
Markham
Thornhill
Milton
Mississauga
Cooksville
Mineola
Port Credit
Square One
Montreal
Napanee
Newmarket
Niagara Falls
Oakville
Oshawa
Ottawa
Peterborough
Pickering
Richmond Hill
Smithville
St. Catherines
Stayner
The Blue Mountains
Toronto
Amesbury
Baldwin Village
Bayview Village
Beaches
Bedford Park
Birchcliffe-Cliffside
Bloorcourt
Briar Hill
Brockton Village
Cabbagetown
Canary District
Casa Loma
Chinatown
Church & Carlton
Church & Wellesley
Church St. Corridor
Church-Yonge
Clanton Park
Corktown
Corso Italia
Danforth Village
Davenport
Davisville Village
Deer Park
Distillery District
Don Mills
Downsview
Downtown
East Junction
East York
Eglinton East
Eglinton West
Entertainment District
Eringate
Etobicoke
Fallingbrook
Fashion District
Financial District
Flemingdon Park
Forest Hill
Garden District
Greektown
Harbourfront
High Park
Hoggs Hollow
Humewood-Cedarvale
Junction Triangle
Kensington Market
King East
King West
Lansing
Leaside
Leslieville
Liberty Village
Little Italy
Little Portugal
Long Branch
Mimico
Moss Park
Mount Pleasant Village
Newtonbrook
Niagara
North York
Oakridge
Old Town
Ottawa
Parkdale
Regent Park
River District
Rosedale
Rustic
Scarborough
St. Clair West
St. James Town
St. Lawrence
Stockyards
Summerhill
Swansea
Tam O'Shanter-Sullivan
The Annex
The Junction
The Kingsway
The Queensway
Trinity Bellwoods
Victoria Park Village
Wallace Emerson
Waterfront
West Rouge
Weston
Willowdale
Yonge & Bloor
Yonge and College
Yonge and Dundas
Yonge and Eglinton
Yonge and Finch
Yonge and Lawrence
Yonge and Richmond
Yonge and Sheppard
Yonge and St. Clair
York Mills
Yorkdale
Yorkville
Uxbridge
Vaughan
Maple
Thornhill
Woodbridge
Waterloo
Welland
Whitby
Whitechurch-Stouffville
New Condos by Deposit
10% Before Occupancy
15% Before Occupany
20% Before Occupancy
5% Before Occupancy
New Condos by Developer
16th Avenue Development
Ace Development Ltd
Acorn Developments
Addington Developments
Adi Development Group
Allegra Homes
Alterra Developments
Altree Developments
Amacon
Amalfi Homes
Amexon Development
AMICO
Andrin Homes
Angil Development
Aoyuan International
Aragon Properties Ltd
Arkfield Development
Armour Heights Developments
Artlife Developments
Arya Corporation
Ashcroft Homes
Aspen Ridge Homes
Baif
Balder Corporation
Ballymore Homes
Bazis Inc
Benvenuto Group
Biddington Homes
Blackdoor Development Company
Block Developments
Bloomfield Homes
Branthaven Homes
Briarwood Development Group
Brixen Developments
Broccolini
Brookfield Residential
BSäR
Burnac
Cachet Homes
Caivan Communities
Camrost-Felcorp
Canderel Residential
Canlight Realty Corp
Capital Developments
Capital North Communities
Carlyle Communities
Carriage Gate Homes
Carttera Private Equities
Castlebridge Development Group
Castleridge Homes
Castleview Developments
CentreCourt
Centrestone Urban Developments Inc
Centreville Homes
Chestnut Hill Developments
Choice Properties REIT
Choo Communities
Cityscape Development Corporation
Cityzen
Claireville Holdings Limited
Cliffside Homes
Clifton Blake
Coletara Development
Collecdev
Concert Properties
Concord Adex
Condoman Developments Inc
Conservatory Group
Constantine Enterprises Inc.
Consulate Development Group
Context
Core Development Group
Cortel Group
CountryWide Homes
Craft Development
Creek Village Inc.
Cresford Developments
Crown Communities
Crystal Homes
CTN Developments
Curated Properties
Cystal Glen Homes
Daniels
Dash Developments
Davpart
DBS Developments
DC&F Corp
Devron
Dez Capital
Diamante Development
Diamond Kilmer Developments
Diamondcorp
Dicenzo Homes
Distrikt Developments
Doornekamp Construction Ltd
Dormer Homes
Downing Street Group
Dream Unlimited Corp
Dundee Kilmer
DVLP Property Group
Eden Oak
Edenshaw
ELAD Canada
EllisDon Capital
Emblem Developments
Empire Communities
Evans Planning Inc
Evertrust Development
Evertrust Development Group Canada
Fengate
Fernbrook Homes
Fieldgate Urban
Fiera Real Estate
Fifth Avenue Homes
Firmland Development Corporation
First Avenue Properties
First Capital
Flato Developments
Forest Green Homes
Forest Hill Homes
FRAM + Slokker
Freed
G Group Developments
Gairloch
Gary Silverberg
Gemterra Developments Corporation
Genesis Homes
Georgian International
Geranium
Globizen Developments
Gordon Wells Ltd.
Granite Homes
Graywood
Great Gulf
Greatwise Developments
Greenfield Quality Builders
Greenland Group
Greenpark Group
Greenwin
Greybrook Realty
Guglietti Brothers
H&W Developments
Hans Group
Harhay Developments
Harlo Capital
Haven Developments
Hazelview Properties
Heathwood
Hi-Rise (West) Inc.
Homes by DeSantis
Hullmark
Hyde Park Homes
i2 Developments
Icon Homes
iKORE Developments Ltd
IN8 Developments
Investissement SM Immobilier
Ironwood Bay
JCF Capital
JD Development Group
KAD Development Group
Kaitlin Corporation
Kaleido Corporation
Kalovida Canada Inc
Kaneff Corporation
KBIJ Corporation
Kilmer Group
Kingdom Development
KingSett Capital
Knighstone Capital
Knightstone Capital
Kroonenberg Group
Kultura
La Pue International
Lakeview Development Holdings Inc
Lalu Canada
Lamb Developments
Lancaster Homes
Lanterra
Lash Group of Companies
Latch Developments
Laurier Homes
LCH Developments
Les Entreprises QMD
Liberty Development
Liberty Hamlet Inc
Lifestyle Custom Homes
Lifetime Developments
Limen
Lindvest
LJM Developments
Lormel Homes
Madison Group
Malibu Investments
Manorgate Homes
Mansouri Living
Marlin Spring Developments
Marydel Homes
Matrix Development Group
Mattamy Homes
Mayfair Homes
MDM Developments
Medallion Capital Group
Menkes
Metropia
Metroview
Minto
Mizrahi Developments
MOD Developments
Monde Development Group
Mutual Developments
Nahid Corp
Nascent Developments
National Homes
New Horizon Development Group
Newgard Development Group
Nexus
NOCO Development Company
Norstar Group of Companies
North American Development Group
North Drive
North Edge Properties
Northam Realty Advisors
Northrop Development
Nova Ridge Development Partners
NYX Capital
Old Stonehenge
ONE Properties
One Urban
Options Development
Originate Developments
Oxford Properties
Parallax Development Corporation
Patry Inc Developments
Pemberton Group
Phantom
Phelps Homes
Pinnacle International
Platinum Vista
Plaza
Plaza Partners
Podium Developments
Presidential Group
Primont Homes
Profile Developments Inc
ProWinko
Quadcam Development Group
QuadReal
Queensgate Homes
RAJACan Developments Inc.
ReBuilt Construction
Reids Heritage Homes
Republic Developments
Reserve
Residences at Bluffers Park
RioCan
Rise Developments
Riverking Developments
Rivermill Homes
Rogers Real Estate Development
Rosehaven Homes
Rosewater Developments
Rowntree Enterprises
Royalpark Homes
Royalton Homes
Sag Development Corp
Sage Development Corp
Sapphire Construction of Niagara
Saxon Developments
Scholar Properties Ltd
Sequoia Grove Homes
Seven Numbers Development
Sherwood Homes
Shiplake Properties Limited
Sierra Building Group
SilverCreek Communities
Sina Development Inc
Skale Developments
SkyHomes Corporation
Slate
SmartCentres
Solmar Development Group
Solotex Corporation
Spallacci Homes
St. Regis Homes
St. Thomas Developments
Stafford Homes
State Building Group
Sterling Group
Sundance Homes
Sunny Communities
Sunrise Gate Homes
Sutherland Developments
TAS
Tercot Communities
The Brown Group of Companies
The Goldman Group
The Gupta Group
The Hi-Rise Group
The Remington Group
The Rockport Group
The Rose Corporation
The Sher Corporation
Tiffany Park Homes
Times Group Corp
Townwood Homes
Treasure Hill
Tribute Communities
Tricar
Tricon Developments
Tridel
Trinity Development Group
Triumphant Group
Trolleybus Urban Development Inc
Trulife Developments
TVM Group
United Lands
UrbanCapital
Urbane Communities
Valery Homes
VANDYK
VanMar Developments
Venetian Development Group
Vermilion Developments
Vintage Park Homes
Wabash Heights Developments Inc
Westbank Corp
Westbank Corp. and Allied Properties
Westdale
Woodcastle Homes
WP Development Inc
York Trafalgar Homes
Yorkwood Homes
Zancor Homes
New Condos by Occupancy Year
2019
2020
2021
2022
2023
2024
2025
2026
TBA
News
Podcast
True Condos Approved
Uncategorized
Videos
Filter by content type
Taxonomy terms

Transit City Condos Launch Breaks GTA Sales Records

In this episode we catch up with Shab Rajabzadeh of Cornerstone Marketing to find out the latest on Transit City Condos in Vaughan Metropolitan Centre. The project launched in May and has broken the record for most condos ever sold at a new project launch for the entire GTA as per Urbanation. The first two towers are sold out and the 3rd tower has now been launched. Find out what else is new at Transit City.

SHAB RAJABZADEH INTERVIEW HIGHLIGHTS

0:50 What is Transit City Condos?
3:17 How did the launch of Transit City go?
5:06 News about the new master plan community.
9:00 What opportunity is there for people who want to invest?

Related Links

1st interview with Shab talking about Transit City Condos from May 9 2017

New Renderings of the PWC/YMCA buildings at Vaughan Metropolitan Centre

 

Click Here for Episode Transcript

Announcer: Welcome to the True Condos podcast with Andrew la Fleur, the place to get the truth on the Toronto condo market, and condo investing in Toronto.

Andrew: Okay, it’s my pleasure to welcome back to the show once again, Shab Rajabzadeh. Shab is the VP and co-founder of Cornerstone Marketing, Inc. Shab, welcome back to the show.

Shab: Thank you, Andrew for having me on.

Andrew: Glad to speak to you again, and of course, we spoke not too long ago, about six weeks back we spoke about Transit City, and that’s what we want to get an update on today in this episode, because you’ve been just smashing records over there in Transit City, and it’s been absolutely crazy. Probably people listening to the podcast have heard the news, but there may be some people out there who haven’t. Anyway, let’s start at the beginning. Tell everybody what is Transit City Condos exactly, just for anybody who doesn’t know yet.

Shab: Absolutely. Again, Transit City, the name speaks for itself. It’s the first subway station in the York Regional Transit Terminal that’s being built at the intersection of [inaudible 00:01:10] Highway 7 and Vaughan, and the projects here are several condominiums coming to this neighborhood, which we’ve launched three building so far, and it’s been very successful, very well received in the marketplace. And essentially, it’s the Vaughan Metropolitan Center, which is synonymous with Transit City again, which is this massive transformation of what’s happened in Vaughan, with massive influx of money coming from the Infrastructure Canada, and Places To Grow Canada, as well as what the government is really doing, is that they’re managing expansion for this subway station, and I guess people refer to it as a relief line, and we’ve been blessed to be working with two phenomenal developers, CentreCourt Developments, as well as Smart REIT. Everybody will know them from SmartCentres, the guys that brought Walmart to Canada, and they’re the owners of the land, which in joint venture they’re working with CentreCourt on it, and from Cornerstone, we’ve been blessed to have the opportunity to, I guess, work on this side, and perform bring it to market. So Transit City, again, is the one and only project, essentially, in the Vaughan Metro Center that stands out, because it’s steps to the subway station, the new subway station.

Andrew: Steps to the new subway station, and it’s the first phase of a 100, I think it’s a 100-acre master planned community. The 100 acres that Smart REIT owns immediately surrounding the new subway station, this is the first phase that’s coming out, is that correct?

Shab: Yeah, I mean, we’re part of, you said [inaudible 00:02:38] it’s 100 acres of land that’s owned by Smart REIT, the components will again be a subway station, York Regional Transit Terminal, on this plot of land, which gives you access to nine different municipalities, and what you have is office towers currently. Last year, occupancy was for the KPMG office building here, which I just had word that as of the next few weeks, you look at PD Cam just moving in to the office as well. What’s really exciting again is what they are doing here in terms of design, future planning, intensification, all revolving around infrastructure.

Andrew: Right. So how did the launch of Transit City go? Obviously everybody listening to this podcast should go back and listen in more detail to learn about Transit City to the first interview we did about 6 weeks ago. But how did the launch of Transit City Go?

Shab: Again it’s been very well received. We just got word that it’s broken the GTA record for the number of units sold in the initial launch. I mean there’s just around to seventeen to eighteen hundred units in this project. The surrounding neighborhood, the 905, the 416’s, the various municipalities that surround Vaughn have really taken a positive direction on this project and have really shown great interest and great [deaf 00:04:04] wanting to live here and buy here. There’s merit to it of course in terms of what the project has to offer in itself. Subsequently well because what’s exciting for us is what’s coming essentially. That will be the East Tower, releases, some of the new releases and designs and floor plans coming out this weekend. I think it’s a great opportunity for people to come still have a look at it and take advantage of the low pricing here.

Andrew: Yeah well each congratulations. I know you just kind of slipped that in there as if it was nothing but we should take a moment and just acknowledge that you said, you’ve, in the entire history of the Toronto Condo market you’ve broken all records in terms of the volume of sales at the initial launch of a new project. So that’s huge, congratulations to you and your team and to Center Court as a smart REIT, and to all the purchasers who’ve been invested in that project. It’s a real-

Shab: The purchasers yeah.

Andrew: It’s an amazing thing that we’ve seen their in Vaughn. What is new in the master plan and the community there. what news do you have to share with us since we last spoke about the project and what’s happening there. Cause it’s changing every day.

Shab: Yeah. This is moving so quickly, this is such a phenomenal ecosystem I want to call it. It is a city within a city. Last week we had an event here that had a ribbon cutting ceremony for the construction commencement of the PWC building. Which sits just adjacent to the KP and G existing, current KP and G building and the YMCA. So the PWA and the YMCA buildings are underway now in construction. They had a ribbon cutting ceremony. Issued some of the beautiful designs. In the last podcast we talked about what is the many business buildings? What is it have to offer?

We talked about the master plan of the parks, the trees, the community, the potential schools that will be coming to the neighborhood as well as what’s really important, this YMCA for the current immediate term of this project for Transit City. Its’ coming to life and it’s just something beautiful to see that. It’s one thing to buy into pre construction projects or buy, especially buying something that happens in the future of this development. But when you see it coming underway in such quick stride and such quick timeline, it’s a beautiful thing to see because you can pretty much come to the sales center today and have a look, and enter yourself or [inaudible 00:06:41] understanding very well. Just walk in the area, you really get a quick feeling of what’s going on.

An announcement, another recent announcement has been that fall this year, actually winter this year, fourth quarter this year, the subway station is supposed to be complete and that’s slated to complete in conjunction with the Yorkie’s New Transit terminal. So they’re looking at completing it this year. Before any of the buildings in Transit City complete, you pretty much have the employment office buildings already, YMCA done, the subway station and the Yorkie new transit terminal complete before anybody moves into their unit which is phenomenal.

Andrew: That’s amazing. Yeah, usually it’s the other way around, you’re going into a new area and you might have to wait a year or two, or three, or five before those other things, the amenities of the neighborhood come after the condo is built. But it’s the opposite here. It’s all being built now and it’ll all be finished at least in the immediate vicinity there and these key landmarks for the neighborhoods. Of course there’s much more to come. It’s 100 acres. This is just phase one which is really exciting to understand that it’s much more to come.

Shab: It’s been phenomenal. I’ve been looking at data from the city and looking at what’s really happening, the transformation, and the subway line being a relief line. But what’s really interesting about it, just the strength of income and employment in this area if going to be booming. With these triple A companies, multinational companies like KP and G company, GPWC, Miller Thompson, and TD and various others that are coming here. They’re really bringing management level employment and pay into a 905 neighborhood. Which you would see typically the 416 downtown court right?

But that’s a phenomenal, phenomenal to see in Vaughn. But what’s really interesting is just the strength of employment. Just in the KP and G building alone. Once it’s all said and done you’ll see around 1,200 added people in that building working. Then not including what PWC has to offer and the YMCA, the library and so forth. Many other commercial buildings are coming to this area.

so you have several thousand just strong employment and high paying employment in this are. Which is still not sufficient residents to accommodate that.

Andrew: What, I know your time is running here, short Shab. So I’m going to ask you a key question here, which is before we finish, which is what opportunity is there still now? So if people are just getting on the train at this point, maybe they’re a little bit late to the party they think, maybe they think the time has passed, the launch is done, but I think you’ve got some news for us? What opportunity is happening now for people if they haven’t gotten into Transit City yet, if their looking to invest or buy there?

Shab: Absolutely. Remember that it’s only been 6 weeks since we’ve launched this project and it’s done very well but since 6 weeks we have not sold out the project. We’re still releasing inventory. In fact we’re releasing a new batch of inventory this weekend and I would encourage people to come have a look and see what options are available. Take a look and the opportunities not gone because you are looking at a building that’s occupying in 2020 and in the first six weeks of the project release. So we still have a long way to go. I think it’s a good opportunity to come take a look at it.

What’s really good about it now is that you’re able to see what’s coming to life. You get that comfort to knowing, yes, everything’s underway, this is the quality of the construction. I get to get a touch and feel. The final thing I’ll leave you with Andrew is that, a lot of buyers and a lot of agents who’ve come to this location have looked at the KP and G building and that’s the first office building again, which we don’t really talk much about that gave them that direct path access into the subway station. So if you ever come to the sale center here, you’re able to actually walk the path and get a feel for the 905 unit station, right? That’s what I refer to it as, the unity station of Vaughn.

It’s exciting to get a touch and feel and taste for it.

Andrew: Absolutely that’s great. Shab thank you so much for your time again today, and congrats on the success so far. I’m sure the remaining units will sell just as quickly as the first batch has sold. We’ll hopefully talk to you again soon.

Shab: Absolutely, thank you so much for it and all the best.

Announcer: Thanks for listening to the True Condo’s Podcast. Remember your positive reviews make a big difference to the show. To learn more about Condo investing, become a True Condo subscriber by visiting TrueCondos.com.

Tags