Once recognized as a village, Thornhill has turned into a densely inhabited community in the Regional Municipality of York in Ontario. It’s split between the cities of Vaughan and Markham and located on the northern end of Toronto. Home to a highly diverse population, Thornhill’s current population stands at 139,440, and this number is projected to increase, thanks to its proximity to Yonge Street and the city of Toronto.
From the year 2000, Thornhill started witnessing the development of condos, and it has become one of the most favourite investment destinations in the York region. The growth in the average condo price vouches for the thriving real estate sector in the area. The average resale price of a condo in Thornhill rose by 23.31 percent in 2017, compared to 2016. On the other hand, the average index selling price increased from 16% to 19%. Even though the prices are rising, Thornhill remains one of the most affordable investment destinations in the York region. So, if you’re thinking to purchase a condo in Thornhill, this could just be the right time for you.
Around 10 kilometres away from Yonge Street, Thornhill is an excellent choice for the people who’re looking to keep their pocket in check but don’t want to get away from the hustle and bustle.