Published 29 September 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
The Vaughan Metropolitan Centre is Vaughan’s new downtown at Highways 400 and 407, built around the Line 1 subway terminus that opened on 17 December 2017. Its completed condo towers include Expo City, Nord, CG Tower, Transit City 1 to 5 and Festival’s four towers. TRREB does not report the VMC separately. For the City of Vaughan, August 2026 condo apartment sales numbered 63, at a median of $525,000 and an average of $607,650, with units selling at 96 percent of list price after 41 days on average. There were 431 active listings, about 6.8 months of supply by my arithmetic, so buyers have choice. Price a VMC unit from recent sales in its own tower and its neighbours, not from the Vaughan average.
What the Vaughan Metropolitan Centre is
The Vaughan Metropolitan Centre, usually shortened to the VMC, is the downtown the City of Vaughan has been building from scratch at the meeting of Highways 400 and 407. According to the City, the plan took hold in 2006, when the Province committed to extending the Spadina subway line to Vaughan and designated the area an Urban Growth Centre. The first residential project, Expo City, was announced in 2011, and the first office tower, KPMG Tower, in 2012.
The turning point was transit. The TTC opened the 8.6-kilometre Line 1 extension to the public on 17 December 2017, with six new stations, and Vaughan Metropolitan Centre Station is the terminus. The station sits beside a regional bus terminal, and Viva, YRT and Zum buses run along Highway 7.
The City’s targets for 2031 are 12,000 residential units, 1.5 million square feet of office space and 750,000 square feet of new retail. Its own site says the VMC is on track to meet or exceed them, and lists a further pipeline of about 28,000 proposed residential units. For an owner that matters: the neighbourhood is still filling in, and a lot of new supply is coming.
The land has a history. The City notes the VMC is rising where the Village of Edgeley once stood, near Jane Street and Highway 7, and that street names such as Edgeley Boulevard, Millway Avenue and Apple Mill Road carry that memory. Edgeley Pond and Park now sits beside several of the towers in this guide.
The six buildings in this guide
I picked the completed towers people search for by name. Each has its own guide with a table of verified facts and the source for each one.
- Expo City (Expo 1 and 2) — the VMC’s first residential community: two 37-storey towers by Cortel Group at Highway 7 near Creditstone Road.
- CG Tower — Expo City’s fifth and final tower, 60 storeys and 551 units, with first residents in October 2024.
- Transit City 1 & 2 — twin 55-storey towers by CentreCourt and SmartCentres with 1,121 units, completed in August 2020.
- Transit City 3 — a 55-storey, 631-unit tower at 950 Portage Parkway, completed in May 2021.
- Transit City 4 & 5 — 45- and 50-storey towers with 1,026 units, completed in January 2023.
- Festival — four towers by Menkes and QuadReal in South VMC, 2,470 units from 41 to 59 storeys, occupied from 2024 through 2025.
Cortel’s Nord East and Nord West, the third and fourth Expo City towers, are also complete. The City lists them at 39 storeys and 861 units in total. I cover them inside the Expo City guide rather than on their own.
Which TRREB numbers apply to a VMC condo
TRREB’s Market Watch splits the City of Toronto into lettered districts, but it reports York Region by municipality. The VMC sits inside the City of Vaughan, so the Vaughan column is the closest official figure. It mixes VMC towers with older buildings elsewhere in Vaughan, so it is a backdrop, not a price for any tower.
| Condo apartments, August 2026 | Vaughan | York Region | Markham | Richmond Hill | City of Toronto | All TRREB |
|---|---|---|---|---|---|---|
| Sales | 63 | 170 | 57 | 33 | 885 | 1,330 |
| Average price | $607,650 | $601,251 | $638,332 | $538,509 | $651,648 | $617,593 |
| Median price | $525,000 | $538,500 | $563,800 | $500,000 | $550,000 | $530,000 |
| New listings | 193 | 507 | 181 | 94 | 2,303 | 3,579 |
| Active listings | 431 | 1,098 | 356 | 197 | 4,938 | 7,882 |
| Months of inventory (calculated) | 6.8 | 6.5 | 6.2 | 6.0 | 5.6 | 5.9 |
| Sales to new listings (calculated) | 33% | 34% | 31% | 35% | 38% | 37% |
| Sale to list price | 96% | 97% | 97% | 95% | 96% | 96% |
| Avg. days on market | 41 | 44 | 40 | 47 | 39 | 41 |
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.
Three things stand out. Vaughan’s median of $525,000 sat a little below York Region’s $538,500 and Toronto’s $550,000. The average was $82,650 above the median, a sign that a few larger or higher-floor suites pulled it up. And with 431 active listings against 63 sales, Vaughan had about 6.8 months of supply, more than Toronto’s 5.6. Sixty-three sales is a modest sample, so one busy month in a single tower can move these numbers.
How the VMC’s buildings differ
Most VMC towers are young, but they are not interchangeable. The differences that show up in value are these:
- Master plan and developer. Three groups built most of what is standing. SmartCentres and CentreCourt built Transit City inside what the City calls the 100-acre SmartVMC community. Cortel Group built Expo City, Nord and CG Tower at the east gateway, near Edgeley Pond and Park. Menkes and QuadReal built Festival in QuadReal’s 80-acre South VMC community.
- Age. Expo City was the first residential project, announced in 2011. Transit City 1 & 2 finished in 2020, Transit City 3 in 2021, Transit City 4 & 5 in 2023, CG Tower in 2024 and Festival through 2025. An older building is further into its reserve fund cycle; a new one may still be settling its first budgets.
- Size. Transit City 1 & 2 hold 1,121 units between them; Festival holds 2,470 across four towers; CG Tower holds 551. Big buildings mean more comparable sales, and also more direct competition when several owners list at once.
- Amenities and fees. Several towers here advertise large amenity packages, from Festival’s 70,000 square feet to Transit City 4 & 5’s rooftop pool. Amenities cost money to run, which shows up in the common expense fee. I do not quote building fees; get them from the status certificate.
- Position. Units facing a park or pond, units facing Highway 7, and units near the subway entrances do not trade at the same price, even in the same tower.
Supply: what your unit competes with
The VMC’s biggest pricing fact is how much finished at once. By the developers’ own figures, the six buildings in this guide delivered more than 5,000 units between August 2020 and 2025 (my arithmetic: 1,121 + 631 + 1,026 + 551 + 2,470 = 5,799, before Expo City and Nord). Many of those units were bought before construction, and some owners will want to sell or lease when their plans change.
That supply sits inside a wider picture. Urbanation counted 4,295 completed but unsold new condo units across the Greater Toronto and Hamilton Area in the first quarter of 2026, a record. When a buyer can choose between a resale suite and a brand-new one nearby, the resale suite has to win on layout, view, price or convenience.
For a seller, that means two things. Watch the active listings in your own tower and its neighbours, not just Vaughan’s total. And be ready to show why your unit is the better choice: a better floor or exposure, parking included, a den with a door, a vacant unit that can close quickly.
How to value a unit in the VMC
Start with the unit, not the city. My order of work is the same in every VMC tower:
- Same tower, same layout. The last few sales of the same floor plan, adjusted for floor height and view.
- Same master plan. If your tower has no recent sale of your layout, the neighbouring towers built by the same developer are the next best comparables.
- Active listings. What a buyer can see today at the same size. Your price has to make sense next to them.
- Adjustments. Parking, locker, balcony or terrace size, exposure, condition, and whether the unit is tenanted.
- The Vaughan median as a check. If your number is far from $525,000 for an ordinary one-bedroom-plus-den, you should be able to say why.
If nothing in your building has sold recently, read how to price a condo when nothing in your building has sold. If you are weighing an online number, see whether an online condo estimate is accurate. For the wider Vaughan picture, read how much a condo is worth in Vaughan.
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.
Buying in the VMC: costs and checks
Vaughan has no municipal land transfer tax, so a buyer pays only Ontario’s. At the $525,000 Vaughan median that is $6,975. The same purchase in the City of Toronto would add another $6,975 in municipal tax, $13,950 in total (my arithmetic from the published brackets, before any first-time buyer refund). It is a real point for a buyer choosing between a VMC tower and one near a downtown Toronto station.
Lenders also count the condo fee. CMHC’s guidance counts 50 percent of the condominium fee in the gross debt service ratio, with limits of 39 percent for gross and 44 percent for total debt service on insured mortgages. A higher fee means a smaller mortgage for the same income, which is why fees affect price. See do high maintenance fees lower my condo value.
Before you firm up, read the status certificate and the reserve fund study, which the Condominium Authority of Ontario explains in plain language. In a newer tower, ask whether the first reserve fund study is done and what the corporation plans for fees.
Where I fit
I work across Toronto and the whole GTA, and the VMC is one of the markets where tower-by-tower knowledge matters most. Run the estimator for a first range, then book a call or phone 833-330-1925 and I will price your unit against the sales and listings it really competes with.
Free tool — AI condo value estimator
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
—
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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.
Frequently asked questions
What condos are in the Vaughan Metropolitan Centre?
Completed towers include Expo City’s two towers, Nord East and Nord West, and CG Tower by Cortel Group; Transit City 1 to 5 by CentreCourt and SmartCentres; and Festival’s four towers by Menkes and QuadReal. The City of Vaughan’s VMC site lists other residential projects too, including The MET and Mobilio.
How much is a condo worth in Vaughan in 2026?
TRREB’s August 2026 Market Watch recorded 63 condo apartment sales in Vaughan at a median of $525,000 and an average of $607,650, selling at 96 percent of list price. These are city-wide figures, not VMC-only, so a specific unit needs comparables from its own tower.
Is the VMC its own TRREB district?
No. TRREB reports York Region by municipality, and the VMC is part of the City of Vaughan. There is no official VMC-only price series in the Market Watch, so sold data for the specific towers is the better guide.
When did the Vaughan subway station open?
The TTC opened the Line 1 extension to the public on 17 December 2017. It added six stations over 8.6 kilometres, and Vaughan Metropolitan Centre Station is the northern terminus, next to a regional bus terminal.
Does Vaughan have a land transfer tax?
Vaughan has no municipal land transfer tax. Buyers pay only Ontario’s tax, which is $6,975 on a $525,000 condo by my arithmetic, against $13,950 for the same price in the City of Toronto.
Are there too many condos for sale in the VMC?
Supply is high. Vaughan had 431 active condo listings against 63 sales in August 2026, about 6.8 months of inventory, and several thousand VMC units finished between 2020 and 2025. Well-priced units still sell; overpriced ones sit.
Sources
- TRREB — Market Watch, August 2026 — condominium apartment tables by region and municipality
- City of Vaughan — About the Vaughan Metropolitan Centre — history, subway, 2031 targets
- City of Vaughan — Downtown Vaughan is Rising — pipeline of proposed units
- TTC — TTC officially opens Line 1 Extension — opened to the public 17 December 2017
- CentreCourt — Transit City 1 & 2 — 55 storeys, 1,121 units, completed August 2020
- City of Vaughan — Expo City by Cortel Group — architect, amenities
- City of Vaughan — Nord Condos at Expo City — 39 storeys, 861 units
- Crane & Hoist Canada — Menkes, QuadReal complete four-tower condo project in Vaughan (2 January 2025) — 2,470 units, 41 to 59 storeys
- Urbanation — Standing condo inventory hits record high in Q1 — 4,295 completed, unsold new condos, Q1 2026
- CMHC — Calculating GDS / TDS — 50% of condominium fees counted; 39% / 44% limits
- 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
Related reading
- Expo City condos, Vaughan: guide
- CG Tower, Vaughan: guide
- Transit City 1 & 2: guide
- Transit City 3: guide
- Transit City 4 & 5: guide
- Festival condos, Vaughan: guide
- How much is my condo worth in Vaughan?
- How to price a condo when nothing in your building has sold
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. Every figure here comes from a published table, regulator or statute linked in the sources, so you can check all of it without asking me.
Reach me at connect@jatindua.com or 833-330-1925, or book a call.