Transit City 3, 950 Portage Parkway, Vaughan: What to Know Before You Buy or Sell (2026)

By Jatin Dua · Broker of Record, RE/MAX Quantum Realty · Updated 29 September 2026 · 12 min read — the tallest of the first three Transit City towers, what sits around it, Vaughan’s August 2026 condo data and how to value a suite there.

Transit City 3 at a glance

Source notes: CentreCourt’s project page gives the storeys, units, height and dates; the Council on Tall Buildings and Urban Habitat (CTBUH) gives the address and the contractor. The two agree on 631 units. CTBUH counts floors differently from the developer, so I use the developer’s 55 storeys.

Where it sits and what is nearby

Transit City 3 is the third of the first three Transit City towers and, by CentreCourt’s figures, the tallest of them. It stands on Portage Parkway beside Transit City 1 & 2, inside the 100-acre SmartVMC community the City of Vaughan describes, with Transit City 4 & 5 a short walk east between Millway Avenue and Jane Street.

• Subway. Vaughan Metropolitan Centre Station has been the northern terminus of Line 1 since the TTC opened the 8.6-kilometre extension on 17 December 2017.
• Buses and highways. CentreCourt names York Region Transit and the Viva line, plus Highway 7, the 407 ETR and Highway 400.
• Community. The City lists 12,000 square feet of retail across Transit City 1 to 3, landscaping by Claude Cormier + Associés, and CentreCourt describes a 9-acre central park, a YMCA and a library in the wider SmartCentres Place community.

Expo City, CG Tower and Festival are all within the same downtown; my Vaughan Metropolitan Centre condo buildings guide compares them.

What TRREB’s August 2026 numbers say (Vaughan, not Transit City 3)

TRREB does not publish prices for single buildings, and it does not report the Vaughan Metropolitan Centre as its own area. The closest official numbers are for the City of Vaughan as a whole, one municipality inside York Region. Treat them as the market your unit competes in, not as a price for Transit City 3.

Source: TRREB Market Watch, August 2026, condominium apartments. The calculated rows are my arithmetic: active listings divided by sales, and sales divided by new listings. These figures cover every condo apartment in the City of Vaughan, not one building and not only the VMC. One month of data is a snapshot, not a trend.

Read the table as the backdrop. Vaughan’s average of $607,650 sat $82,650 above its median, which tells you the city’s condo market has a long upper tail of larger or higher-floor suites. In a 55-storey tower that tail is real: the same floor plan can sell for noticeably different amounts twenty floors apart. About one in three new listings in Vaughan sold in August (33 percent, my arithmetic), a little softer than Toronto’s 38 percent.

What moves a unit’s value in a tower like this

Transit City 3 is one tower with 631 units, so it has fewer same-building sales than the twin towers next door. The factors that decide price are the usual ones, weighted for a tall, transit-oriented building:

• Height and outlook. Upper floors with an open view command more than lower floors facing another tower. Direction matters too; see choosing condo exposure.
• Layout efficiency. Buyers compare price per usable square foot. A square room is worth more than the same area spent on a long hallway.
• Den and second bathroom. A den that works as a second bedroom, or a second full bathroom, widens the buyer pool to couples and roommates.
• Parking and locker. Whether they are included, owned or exclusive-use, and where they are. They are separate items on title or in the declaration; confirm which units go with the suite.
• Condition. Buyers compare with new suites in newer towers nearby, so worn flooring or scuffed walls cost more here than in an older building. Before spending, read should I renovate my condo before selling.
• Occupancy. Vacant units show better and close on the buyer’s timeline.

What to check in the status certificate and reserve fund study

Every resale condo in Ontario comes with the right to a status certificate. Under section 76 of the Condominium Act, the corporation must deliver it within 10 days of a request, and the fee is capped at $100, according to the Condominium Authority of Ontario. The corporation must also have a reserve fund study done at least every three years. These two documents tell a buyer more about the building than any listing.

• The common expense fee for the unit, and whether any increase has been announced for the coming budget year.
• The reserve fund balance and whether the corporation is following the funding plan from its latest study.
• Special assessments, levied or planned. A special assessment that is already decided usually stays with the seller unless the offer says otherwise; check the wording with your lawyer.
• Legal actions the corporation is part of, and any known deficiencies.
• Rules and by-laws on short-term rentals, pets, move-in bookings and renovations.
• The exact parking and locker units that go with the suite, and whether they are owned or exclusive-use common elements.

Transit City 3 completed in 2021. That is recent enough that the corporation may be on its first or second reserve fund study. Ask for the most recent one and whether the fee increases it recommends have been adopted in the budget. Also ask whether any shared facilities or costs with the neighbouring Transit City towers exist, and how they are split.

Have your lawyer read the certificate before your condition date. I read the budget and the reserve fund pages myself because that is where surprises hide.

Selling or buying here: how to price a unit

Because Transit City 3 has fewer units than the twins beside it, I often price from all five Transit City towers together. All five were designed by the same architect for the same developers, so buyers compare them directly.

1. Start with sales of the same layout in Transit City 3 over the last six months.
2. Add sales of the closest layouts in Transit City 1 & 2 and 4 & 5, adjusted for floor and view.
3. Check current listings across all five towers at the same size.
4. Adjust for parking, locker, exposure and condition, and for tenancy if the unit is rented.

If there are no usable sales of your layout, read how to price a condo when nothing in your building has sold. If you are deciding whether to sell or keep renting the unit out, see should I sell or rent out my condo.

Two tools help here: the AI condo value estimator below gives you a range in about a minute, and the net proceeds calculator turns any price into what actually lands in your account.

Where I fit

I work with condo buyers and sellers across Toronto and the whole GTA, including Vaughan, and I price a unit in Transit City 3 from the sales and listings that actually compete with it. When you have your estimator range, book a call or phone 833-330-1925 and we can go through it together.

Frequently asked questions

Sources

• CentreCourt — Transit City 3 — 55 storeys, 631 units, completed May 2021
• CTBUH Skyscraper Center — Transit City Condominiums 3 — 950 Portage Parkway
• City of Vaughan — Transit City 1-3 by CentreCourt and SmartCentres — design team, retail
• UrbanToronto — Transit City Condos project file
• TTC — TTC officially opens Line 1 Extension — opened to the public 17 December 2017
• TRREB — Market Watch, August 2026 — condominium apartment tables by region and municipality
• Condominium Authority of Ontario — Status certificates — 10 days, up to $100, Condominium Act s. 76
• Condominium Authority of Ontario — Reserve funds and reserve fund studies — studies at least every three years
• Condominium Authority of Ontario — Special assessments
• CMHC — Calculating GDS / TDS — 50% of condominium fees counted; 39% / 44% limits

Related reading

• Vaughan Metropolitan Centre condo buildings guide
• Transit City 1 & 2: guide
• Transit City 4 & 5: guide
• CG Tower, Vaughan: guide
• How much is my condo worth in Vaughan?
• How to price a condo when nothing in your building has sold
• Should I sell or rent out my condo?