Published 2 November 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
ArtWalk is SmartLiving’s condo at 101 Edgeley Boulevard, beside Vaughan Metropolitan Centre Station. Its 340-unit first building was 93% pre-sold, with forming at the 18th floor, in Q3 2026. Vaughan condo apartments sold at a $530,000 median from January to October 2026, down 10.9%, so check appraisal risk before closing.
This guide is for buyers, assignment buyers and future renters looking at condos right beside Vaughan Metropolitan Centre Station in 2027. I focus on ArtWalk, the SmartLiving condo now rising next to the subway, and use Vaughan-wide TRREB numbers to show what condos sell and rent for today.
Where is ArtWalk, and what is near VMC station?
ArtWalk is at 101 Edgeley Boulevard in the Vaughan Metropolitan Centre (VMC), inside SmartVMC, the 100-acre master-planned city centre that SmartCentres is building around the subway terminus. SmartCentres said in 2023 that ArtWalk would sit beside a VMC subway entrance, with direct access to TTC Line 1.
Within a short walk, according to SmartCentres and the ArtWalk website, you will find:
- Vaughan Metropolitan Centre subway station and the SmartVMC Bus Terminal
- A 77,000-square-foot YMCA with a pool, gym and daycare, plus a Vaughan Public Library branch, in the PwC/YMCA tower
- The KPMG office tower and other offices
- Transit Square, a 49,000-square-foot outdoor event space
- Banks, a pharmacy, cafes and restaurants at the base of nearby towers
- A planned nine-acre central park designed by landscape architect Claude Cormier’s firm, right beside ArtWalk
The VMC is still being built, so expect cranes and construction around you for years. My VMC condo buildings guide covers the towers that are already finished.
Who is building ArtWalk, and when will it be finished?
ArtWalk is being developed by SmartLiving, the wholly owned residential brand of SmartCentres REIT. Hariri Pontarini Architects is responsible for the architecture and interior design. Here is what has been published:
- 2023 plan: a 2.2-acre block with four buildings from 4 to 40 storeys and 569 units in total, sharing a courtyard. Ground was broken on 29 September 2023, with a targeted completion of summer 2027.
- Q3 2026 update: SmartCentres reported on 4 November 2026 that the ArtWalk condo now under construction has 340 units, about 93% pre-sold. The underground parking structure is complete, and concrete forming reached the 18th floor during the quarter.
- Rental building: a separate 65-unit rental building in the same block has started, with underground work done. It shares the parking garage with the condo.
SmartCentres has not, in the material I read, restated the summer 2027 target. With forming at the 18th floor in the third quarter of 2026, check the dates in your own Tarion addendum rather than relying on the 2023 target. Occupancy and final closing are often months apart in a new tower.
What suite sizes does ArtWalk offer?
The floor plans posted on the ArtWalk website in November 2026 show:
| Suite type | Interior size (sq ft) | Balcony (sq ft) |
|---|---|---|
| One-bedroom | 508 to 584 | 59 to 135 |
| One-bedroom plus den | 582 | 135 |
| Two-bedroom, one bath | 650 to 653 | 59 |
| Two-bedroom plus den, two baths | 831 | 198 |
| Two-bedroom plus flex, two baths | 882 to 892 | 198 |
Source: ArtWalk (SmartLiving) floor plans page, November 2026. These are the plans currently shown, not every layout in the building.
Note the two-bedroom, one-bathroom plans at about 650 square feet. They are efficient for the price, but they are compact for two adults sharing. If you plan to rent the suite out, a second bathroom usually widens your pool of tenants.
What amenities will ArtWalk have, and what will fees be?
The ArtWalk website lists a courtyard, a coworking space, a library reading room, a kids’ playroom, a cafe, a rooftop terrace, an outdoor movie screening area, barbecues, EV charging and high-speed Wi-Fi throughout. SmartCentres also describes smart-building features: Wi-Fi in all common areas, smart thermostats in each unit, keyless door entry, and an app for booking amenities.
One detail matters for monthly costs. SmartCentres says the wider 12-acre development will be served by a central District Energy Plant, which it says allows lower utility fees for residents. Ask how heating and cooling are metered and billed before you close, and compare that with a building that uses its own boilers.
I have not seen a published maintenance fee range for ArtWalk, so I am not quoting one. Your purchase agreement includes a disclosure statement with a first-year budget. Fees in new buildings are set by the builder at first and can change once owners elect a board and see real costs. Once the condo registers, the status certificate will show the actual fee and the reserve fund.
What do Vaughan condos sell for in 2026?
TRREB reports Vaughan as one municipality, so these numbers cover the whole city, not the VMC or ArtWalk.
| Vaughan, Jan–Oct | 2025 | 2026 | Change |
|---|---|---|---|
| Condo apartment sales | 675 | 664 | −1.6% |
| Condo apartment median price | $595,000 | $530,000 | −10.9% |
| Condo apartment average days on market | 37 | 42 | — |
| Condo townhouse median price | $817,500 | $768,000 | −6.1% |
Source: TRREB MLS data via REALM, January–October 2026 vs the same period of 2025. City-wide medians, not building figures.
In October 2026 alone, TRREB recorded 57 condo apartment sales in Vaughan at a $520,000 median, with 419 active listings, selling at 96% of list price after 42 days on average. The Vaughan apartment benchmark was $504,900, down 6.51% from a year earlier. In 2024 the January–October median was $635,000, so many buyers who signed for VMC suites in 2023 agreed to prices set in a higher market.
Condo Valuation
What’s your condo
worth today?
Three quick steps. Condos don’t price like houses — your floor, your view, and whether you own parking move the number more than anything else. This weighs all of them.
Reading recent condo sales…
Estimated market value
—
$0–$0
Most likely $0 · about $0 per square foot
What moved the number
Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.
Market context
—
—
Two units, same floor plan,
$90,000 apart.
That happens constantly in condos — one has the parking, the right exposure, or a board that keeps the reserve fund healthy. A model can’t see your status certificate. I can.
How much does it cost to rent a condo near VMC station?
TRREB’s most recent rental market report is for Q2 2026 (the Q3 report was not posted when I checked in November 2026). Vaughan recorded 1,008 apartment leases that quarter. Average lease rates were $1,688 for a bachelor, $2,130 for a one-bedroom, $2,666 for a two-bedroom and $3,300 for a three-bedroom. York Region averaged $2,190 for a one-bedroom and $2,772 for a two-bedroom.
For future ArtWalk landlords, two things matter:
- No rent control on new suites. Units first occupied for residential purposes after 15 November 2018 are exempt from Ontario’s rent increase guideline (1.9% for 2027). Notice rules still apply: at least 90 days’ written notice and 12 months between increases.
- Lease-up competition. In my experience, when a large tower finishes, many investor-owned suites hit the rental market in the same few months. Expect to compete on price and condition with your own neighbours, plus the 65 rental units next door.
How long is the commute from ArtWalk to downtown Toronto?
This is ArtWalk’s strongest point. SmartLiving says the subway gets you to Union Station in about 40 minutes. Line 1 runs from Vaughan Metropolitan Centre to Union with no transfer needed.
York Region Transit’s SmartVMC Bus Terminal is at 170 Millway Avenue, with an underground path to the subway station and the Viva Orange rapidway on Highway 7. SmartLiving says the terminal serves YRT, Züm and GO buses. By car, Highway 7 runs past the station area and Highways 400 and 407 are close by.
What are the pros and cons of ArtWalk?
Pros
- Beside the subway, with a one-seat ride to downtown Toronto
- YMCA, library, offices and a large park within a short walk
- A well-known architect and a developer that is building the surrounding 100-acre master plan
- District energy, which SmartCentres says lowers utility fees
Cons
- Still under construction, so move-in timing is not final
- Small layouts, including two-bedrooms with one bathroom
- Years of nearby construction as SmartVMC fills in
- Thousands of VMC suites competing for buyers and tenants
For a 2027 buyer, ArtWalk is mostly an assignment or a builder’s remaining-inventory decision. Compare what you would pay with the finished towers a few minutes away, where you can see the suite, read a real status certificate and move in now. If the ArtWalk price is close to a finished VMC resale, the finished suite usually carries less risk. If you are an original buyer, run your closing numbers now. Vaughan’s median is well below 2024 levels, so check whether an appraisal at closing will support your mortgage.
Who is ArtWalk best for?
- Subway commuters who work downtown or at York University and want no transfers
- Young professionals who want a new building, a gym nearby and a walkable urban block
- Patient investors who can carry interim occupancy costs and a slow first lease-up
It is a weaker fit for families who need three bedrooms, or buyers who need a firm move-in date. My top 5 condos to buy in Vaughan lists finished towers to compare.
Buying or renting at ArtWalk in 2027: what should you check?
Pre-construction buyers face an appraisal gap risk. About 93% of ArtWalk’s condo suites were already sold by the third quarter of 2026, many in a higher-priced market, and Vaughan’s condo apartment median has fallen from $635,000 (January–October 2024) to $530,000 (same months of 2026). If a lender’s appraisal at final closing comes in below your purchase price, you must cover the difference in cash. Talk to your lender before closing, not after.
For buyers, including assignment buyers:
- Read the Tarion addendum’s Statement of Critical Dates. Tarion says that if the builder misses a firm occupancy date, delayed occupancy compensation can reach a maximum of $7,500, including a fixed $150 a day for living expenses
- Budget for interim occupancy, when you pay a monthly occupancy fee before the condo registers. My guide to interim occupancy in Ontario explains how it works
- Get the builder’s written consent and fee terms for any assignment, and ask your lawyer about HST and which new-home rebates apply to you
- Confirm parking, locker and whether the suite’s utility metering is tied to the district energy system
For renters: expect first leases to be signed close to occupancy, ask whether the suite is still in interim occupancy, and get any promised appliances or furniture written into the lease.
What to do next
- Run the condo estimator above to see where finished VMC suites of your size are trading.
- Compare any ArtWalk assignment price with recent resales in finished VMC towers of the same size.
- Ask your lender for a pre-closing review of the appraisal risk on your purchase price.
- Have a real estate lawyer review the purchase agreement, disclosure statement and Tarion addendum.
- Book a call with me if you want help pricing an assignment or a first lease. My Vaughan condo value guide shows how I price suites here.
Need help with this? Talk to me.
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty, and I’m the best agent to do this kind of work for you in Toronto and across the GTA. Over $100 million in GTA sales and 100+ families helped sell. Feel free to contact me any time: call or text 833-330-1925 or email [email protected].
Frequently asked questions
What is ArtWalk Condos in Vaughan?
ArtWalk is a condo development by SmartLiving, the residential brand of SmartCentres REIT, at 101 Edgeley Boulevard in the Vaughan Metropolitan Centre, beside the subway. Hariri Pontarini Architects designed it. The 2023 plan called for four buildings of 4 to 40 storeys and 569 units in total; the first condo building has 340 units.
When will ArtWalk VMC be finished?
No firm date has been published recently. At the 2023 groundbreaking, SmartCentres gave a targeted completion of summer 2027. Its Q3 2026 report said the underground garage was done and concrete forming had reached the 18th floor. Buyers should rely on the occupancy dates in their own Tarion addendum, not the 2023 target.
How much is a condo near VMC station in 2027?
About $530,000 at the median, going by the latest data: that was Vaughan’s condo apartment median from January to October 2026, down 10.9% from $595,000, per TRREB MLS data via REALM. TRREB does not report the VMC separately. In October 2026 the Vaughan median was $520,000 and the apartment benchmark $504,900.
How much is rent near Vaughan Metropolitan Centre?
About $2,130 a month for a one-bedroom and $2,666 for a two-bedroom, based on Vaughan averages in TRREB’s Q2 2026 rental market report, which recorded 1,008 apartment leases in the city. TRREB does not publish VMC-only rents. New suites near the subway with parking may lease above these city-wide averages.
How long does it take to get downtown from VMC station?
About 40 minutes to Union Station by subway, according to SmartLiving. The station is on TTC Line 1, so there is no transfer to downtown. YRT’s SmartVMC Bus Terminal at 170 Millway Avenue has an underground path to the station and to Viva Orange on Highway 7.
What suite sizes are at ArtWalk?
Floor plans posted on the ArtWalk website in November 2026 range from 508-square-foot one-bedrooms to 892-square-foot two-bedroom-plus-flex suites. Two-bedroom, one-bathroom plans are about 650 square feet, and the two-bathroom two-bedroom layouts run from 831 to 892 square feet, with balconies from 59 to 198 square feet.
What amenities will ArtWalk have?
The ArtWalk website lists a courtyard, coworking space, library reading room, kids’ playroom, cafe, rooftop terrace, outdoor movie screening area, barbecues, EV charging and Wi-Fi throughout. SmartCentres adds smart thermostats, keyless entry and an amenity booking app. A 77,000-square-foot YMCA and a library branch are nearby in SmartVMC.
Will ArtWalk suites be rent controlled?
No. Ontario’s rent increase guideline, 1.9% for 2027, does not apply to units first occupied for residential purposes after 15 November 2018, so new ArtWalk suites will be exempt. Landlords must still give at least 90 days’ written notice and wait 12 months between increases, but the amount of an increase is not capped.
What happens if my ArtWalk occupancy is delayed?
Your rights are set out in the Tarion addendum attached to your purchase agreement. If a builder misses a firm occupancy date, Tarion says buyers can receive delayed occupancy compensation up to a maximum of $7,500, including a fixed $150 a day for living expenses. If the outside date passes, you get a 30-day window to terminate.
Sources
- SmartCentres — ArtWalk breaks ground in growing SmartVMC community (Oct 2023)
- SmartCentres — Third quarter results for 2026 (4 Nov 2026)
- ArtWalk Condos (SmartLiving) — amenities and neighbourhood
- ArtWalk Condos (SmartLiving) — floor plans
- York Region Transit — Facilities (SmartVMC Bus Terminal, Promenade Terminal)
- Tarion — Condo units: coverage for occupancy dates, delays and cancellations
- TRREB — Market Watch, October 2026
- TRREB — Rental Market Report, Q2 2026
Related reading
- Living at Exchange District Condos, Mississauga: 2027 Buyer and Renter Guide
- Living at Pinnacle Uptown, Mississauga: 2027 Buyer and Renter Guide
- Living at The Grand Residences at Parkside Village, Mississauga: 2027 Buyer and Renter Guide
- Living at The Condominiums at Square One District, Mississauga: 2027 Buyer and Renter Guide
About the author — Jatin Dua, Toronto and GTA real estate broker
I am Jatin Dua, Broker of Record and co-founder of RE/MAX Quantum Realty Inc., Brokerage, Unit 101, 799 The Queensway, Toronto. I work with buyers and sellers across Toronto and the GTA and have helped more than 100 families sell. Four-plus years of active GTA transactions and over $100 million in sales volume.
Reach me at [email protected] or 833-330-1925, or book a call.