Published 2 November 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Mobilio is a Menkes and QuadReal community in South VMC, Vaughan, with three mid-rise towers of 13, 15 and 18 storeys plus two- and three-bedroom townhomes, a short walk from the subway. Vaughan condo apartments sold for a $530,000 median from January to October 2026, down 10.9%, and one-bedrooms rented for about $2,130.
This guide is for buyers, renters and investors looking at Mobilio, the mid-rise and townhome community in the south part of the Vaughan Metropolitan Centre (VMC). You will get the builder’s own facts, what each building type offers, Vaughan-wide prices and rents with sources, and the checks I would make before buying or leasing there in 2027.
Where is Mobilio in Vaughan and what is around it?
Mobilio sits in South VMC, near Jane Street and Interchange Way. It is part of QuadReal’s 80-acre master-planned South VMC community, the same district that holds the four Festival towers. The City of Vaughan describes Mobilio as a short walk from the VMC transit hub, which includes Vaughan Metropolitan Centre subway station and Viva and Züm bus connections.
Listings in the community use addresses including 55 Interchange Way, 38 Honeycrisp Crescent and 60 Honeycrisp Crescent, and the townhome streets have their own addresses. Check the exact address and condo corporation of any unit you look at, because the towers and townhomes may not share one corporation.
The big outdoor feature is green space. According to Menkes, Mobilio is anchored by a linear park that forms part of Vaughan’s Black Creek Renewal project, which is planned to create a chain of promenades, plazas and parks covering more than 30 acres once complete. Parts of that plan are still being built, so ask what is finished today and what is still planned.
Who built Mobilio and when was it completed?
Mobilio was developed by Menkes Developments with QuadReal Property Group. Construction began in June 2020 with the 15-storey west tower, followed shortly after by the 18-storey east tower. The 13-storey south tower, the last of the three, reached its full height in July 2022.
Menkes said at the time that it expected the west tower to be ready for occupancy in fall 2022, with the east and south towers to follow. Listing site a building-data website shows the east tower as built in 2023.
| Fact | Mobilio |
|---|---|
| Developers | Menkes Developments and QuadReal |
| Towers | Three: 18, 15 and 13 storeys |
| Homes (City figures) | 750 condo units and 400 townhome units |
| Residents (City estimate) | About 2,273 |
| Retail space | 1,200 sq ft |
| Construction | Started June 2020; final tower topped off July 2022 |
Source: City of Vaughan VMC page for Mobilio; Menkes press release, 14 July 2022.
Menkes called Mobilio the first project in the VMC to mix mid-rise and low-rise housing, park space and amenities on one site. That mix is what makes it different from the much taller towers nearby.
What suite and townhome types does Mobilio offer?
Mobilio has two very different products.
Tower suites
The towers hold most of the condo units. Menkes has not kept its original floor plans online, so I rely on listing data here: a building-data website shows suites in the 18-storey east tower ranging from about 358 to 809 sq ft. That points to mostly studios, one-bedrooms and smaller two-bedrooms. Confirm any size against the floor plan attached to the listing or the condo plan.
Townhomes
Menkes describes the townhomes as two-bedroom and three-bedroom homes, some with rooftop terraces. For a household that needs more space but still wants the subway within walking distance, this is the main reason to look at Mobilio rather than a tower further north.
What amenities does Mobilio have?
The builder materials still online speak about park space and amenities on site rather than listing every room. For the east tower, a building-data website lists a concierge, a gym and a party room, with fibre internet available. I could not verify a full amenity list from Menkes or QuadReal, so treat any longer list you see on a listing as something to confirm in person.
The outdoor amenity that matters most is the linear park and the wider South VMC parks plan. If outdoor space is important to you, walk the park and the paths around the townhomes before you decide.
What are maintenance fees at Mobilio?
In November 2026, the for-sale listings shown on a building-data website for the east tower carried monthly fees from about $362 to $710. That is a snapshot of a handful of listings, not a fee schedule. The fee for a given unit depends on its size, parking and locker, and what the fee covers.
The reliable source is the status certificate for the unit you want. It shows the current monthly fee, any announced increase, any special assessment and the reserve fund balance and study. My guide to reading a condo status certificate explains what each item means.
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.
What do Mobilio condos and townhomes sell and rent for?
TRREB reports Vaughan as a whole, not single buildings. These numbers include Mobilio along with every other condo in the city, so use them as a backdrop, not a price for your unit.
| Vaughan, Jan to Oct | 2024 median | 2025 median | 2026 median | Change vs 2025 | 2026 sales | Avg. days on market |
|---|---|---|---|---|---|---|
| Condo apartment | $635,000 | $595,000 | $530,000 | -10.9% | 664 | 42 |
| Condo townhouse | $840,000 | $817,500 | $768,000 | -6.1% | 87 | 35 |
Source: TRREB MLS data via REALM, January to October 2026 vs the same period of 2025 and 2024. City of Vaughan, all condo buildings.
In October 2026 alone, TRREB’s Market Watch shows 57 Vaughan condo apartment sales at a median of $520,000, 419 active listings and an average of 42 days on market, with sellers getting 96% of their list price. That is roughly 7.4 months of supply by my arithmetic, which puts buyers in a strong position.
Rents in Vaughan
| Vaughan, Q2 2026 | Leases | Average rent |
|---|---|---|
| Apartment, bachelor | 27 | $1,688 |
| Apartment, one bedroom | 588 | $2,130 |
| Apartment, two bedroom | 384 | $2,666 |
| Townhouse, two bedroom | 22 | $2,706 |
| Townhouse, three bedroom | 24 | $3,292 |
Source: TRREB Rental Market Report, Q2 2026, average lease rates for Vaughan. The Q3 2026 report had not been posted when I checked on 10 November 2026. Townhouse figures rest on few leases.
For more on values, read how much a condo is worth in Vaughan. For the city’s direction next year, see my Vaughan housing market outlook for 2027.
How do you commute from Mobilio?
Mobilio’s selling point is that you can walk to rapid transit. From the VMC hub you can take:
- TTC Line 1 south toward downtown Toronto, starting from the end of the line.
- Viva and Züm rapid bus connections to neighbouring cities, as the City of Vaughan notes.
- York Region Transit local buses from the VMC bus terminals.
Drivers are close to the highway network, but the roads around the VMC are busy and still changing with construction. Time your own drive at rush hour before you commit, and confirm whether your unit includes parking.
What are the pros and cons of Mobilio?
Pros
- Walking distance to a subway terminus and regional rapid buses.
- Mid-rise towers of 13 to 18 storeys, a smaller scale than most of the VMC.
- Townhomes with two or three bedrooms, some with rooftop terraces, close to transit.
- A linear park and a growing parks network on the doorstep.
- New construction, so a large part of the Tarion warranty period may still be running.
Cons
- Small tower suites, many under 700 sq ft by listing data.
- Lots of nearby competition, including Festival’s four towers in the same district.
- Construction around South VMC will continue for years.
- Young condo corporations are still building their reserve funds and fee history.
Who should live at Mobilio?
- Commuters who want the subway within walking distance without living in a 50-storey tower.
- Couples and small families who need a two- or three-bedroom townhome close to transit.
- First-time buyers priced out of houses. My Vaughan first-time buyer guide covers rebates and closing costs.
- Investors who accept that small suites in the VMC compete with many similar rentals.
It suits people less well if they need a large suite, want a finished, quiet neighbourhood now, or plan to sell within a year or two in a market with this much supply.
Buying or renting at Mobilio in 2027: what to know
The Bank of Canada raised its policy rate to 2.50% on 28 October 2026, and big-bank prime rose to 4.70%. Its next decision is on 9 December 2026, and it has said further increases may be needed. Build that into your budget if you plan to use a variable-rate mortgage.
Because Mobilio was first occupied after 15 November 2018, its rental units are exempt from Ontario’s rent increase guideline, which is 1.9% for 2027. Landlords still need to give at least 90 days’ written notice and wait at least 12 months between increases.
Tarion says just about every newly built home in Ontario comes with a seven-year warranty. In a building finished in 2022 or 2023, part of that coverage may still be in place for a resale buyer. Ask the seller and the property manager what warranty claims are open.
With 419 condo apartments for sale in Vaughan in October 2026 against 57 sales, an investor buying a small Mobilio suite should run the numbers at today’s rents, not the rents quoted when the building launched. New towers keep adding supply, and even one vacant month cuts into a year’s return.
In my view, Mobilio’s townhomes are the more distinctive product, because few homes in the VMC offer two or three bedrooms at ground level within walking distance of a subway. For the tower suites, be patient. Compare against recent sales in all three towers and in Festival next door, and negotiate hard on any unit that has sat on the market. My Festival guide covers the neighbouring towers.
What to do next
- Choose tower suite or townhome, then confirm the exact address and condo corporation.
- Pull recent sales and leases for the same layout in all three towers.
- Make your offer conditional on a lawyer’s review of the status certificate.
- Ask for any open Tarion warranty items and the latest reserve fund study.
- Walk to the subway and the linear park at the times you would use them.
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
Is Mobilio Vaughan a good place to live?
Mobilio is a good fit in 2026 for people who want subway access in Vaughan without a very tall tower. Its three towers are 13 to 18 storeys and it has two- and three-bedroom townhomes beside a linear park. The downsides are small tower suites, ongoing construction in South VMC and plenty of competing listings. I do not publish resident reviews.
Who built Mobilio condos in Vaughan?
Mobilio was developed by Menkes Developments with QuadReal Property Group. Construction started in June 2020 with the 15-storey west tower, followed by the 18-storey east tower, and the 13-storey south tower topped off in July 2022. Menkes expected the west tower to be ready for occupancy in fall 2022.
How many units are at Mobilio in Vaughan?
The City of Vaughan lists Mobilio at 750 condo units and 400 townhome units, and estimates about 2,273 residents. Menkes describes it as more than 1,000 homes across three towers and townhouses. Unit counts can differ between sources, so check the condo declaration of the building you are buying into.
Where is Mobilio in Vaughan?
Mobilio is in South VMC near Jane Street and Interchange Way in the Vaughan Metropolitan Centre. It is part of QuadReal’s 80-acre South VMC community. Listings use addresses including 55 Interchange Way and 38 and 60 Honeycrisp Crescent. The City says it is a short walk to the VMC transit hub.
How much are maintenance fees at Mobilio Vaughan?
For-sale listings for Mobilio’s east tower on a building-data website showed monthly fees from about $362 to $710 in November 2026. That is a small snapshot, not an official schedule. The fee for a specific unit, any planned increase and the reserve fund balance are all shown in the status certificate, which your lawyer should review before you firm up.
How much does it cost to rent a townhouse near Mobilio in Vaughan?
A three-bedroom townhouse in Vaughan leased for an average of $3,292 a month in Q2 2026, and a two-bedroom townhouse for $2,706, according to TRREB’s Rental Market Report. Those averages rest on 24 and 22 leases across all of Vaughan, so treat them as a rough guide rather than a Mobilio price.
What is the average price of a condo in Vaughan in 2026?
The median sold price of a Vaughan condo apartment was $530,000 from January to October 2026, down 10.9% from a year earlier, according to TRREB MLS data via REALM. The average was $583,072. Vaughan condo townhouses had a median of $768,000. These are city-wide figures that include Mobilio.
Is Mobilio in Vaughan rent controlled?
No. Mobilio was first occupied after 15 November 2018, so its units are exempt from Ontario’s annual rent increase guideline, which is 1.9% for 2027. A landlord can raise the rent by more than the guideline, but must give at least 90 days’ written notice and wait 12 months between increases.
Does Mobilio have townhouses?
Yes. Mobilio includes two-bedroom and three-bedroom townhouses, some with rooftop terraces, alongside its three condo towers, according to Menkes. The City of Vaughan lists 400 townhome units. They are among the few ground-level family homes within walking distance of Vaughan Metropolitan Centre subway station.
Sources
- City of Vaughan, VMC: Mobilio by Menkes and QuadReal
- Menkes, Menkes and QuadReal Announce Topping off Mobilio (14 July 2022)
- A building-data website, Mobilio East, 55 Interchange Way and 10-38 Honeycrisp Cres
- TRREB Market Watch, October 2026
- TRREB Rental Market Report, Q2 2026
- Government of Ontario, Rent increase guideline
- Bank of Canada, policy rate announcement, 28 October 2026
- Tarion, Three things owners of a resale home should know
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.