Home & Commercial Mortgage Services Vaughan
The city of Vaughan was listed as the fastest growing municipality in all of Canada from 1996 to 2006, and the population grew by more than 100,000 in the decade from 2001 to 2011. Vaughan is located north of Toronto and is visible when driving on the Highway 400 south to Toronto or north to Barrie or Canada’s Wonderland. With so much growth it naturally holds true that lenders and mortgage brokers were extremely active through the 1990s and into the 2000s.
Northwood Mortgage is one of the companies that took an active role in helping populate the city of Vaughan. We provide great rates on mortgages for residential properties, commercial properties and industrial properties, so there a large number of deals that we have brokered in Vaughan. As a large GTA brokerage, we have access to all the major lenders, plus most of the smaller ones, so they can often find rates and deals that others can’t find.
Along with mortgages, Northwood is offers investments and even debt consolidation, making us a one-stop-shop for many people who need help with their financial situations. Northwood Mortgage is an unconventional lender that always works to find the best deal, and make a deal happen when it seems like it isn’t possible.
Northwood Mortgages is proud to provide the community of Vaughan with a range of residential, commercial, and industrial mortgage solutions and investment services. We understand that it can be hard to qualify for a first mortgage, especially if you are self-employed or can’t raise the required down payment.
To help our Vaughan clients qualify for a loan to purchase a home or commercial property, our mortgage experts have formed strong relations with different financial institutions in the area. This has allowed us to present our clients with unique mortgage deals with the best rates from different institutions that are willing to accommodate the client’s borrowing needs, and then facilitate the completion of those deals in the shortest time possible.
The City of Vaughan is located within the York Region and the Greater Toronto Area (GTA) in Ontario. The city has a population of over 300,000, consisting of Italians (33.2 per cent), Jews (11.8 per cent), and Canadians (7.8 percent). Though the city has a high concentration of Southern and Eastern Europeans and other immigrants who make up 45 per cent of the population, only 26.6 per cent of the population comprises visible minorities. Vaughan’s population is predicted to reach 400,000 by the year 2031, and around 266,000 jobs.
Vaughan is a four-season destination that offers year-round outdoor adventure and recreational activities. There are numerous festivals and events nearly every week for the entire year, as well as a range of sporting, leisure, cultural, and recreational activities to keep both residents and visitors engaged and entertained.
The city’s strong population growth, with a notable 80 per cent growth between 1996 and 2006, has been one of the biggest factors contributing to its remarkable economic progress. The residents are educated, skilled, and affluent, generating significant demand for available products and services. Consequently, the city has one of the top performing economies in the country, boasting a young, highly educated, and multi-linguistic workforce that local businesses and investors can take advantage of.
Vaughan Real Estate Trends
The average cost of a house in Vaughan is estimated $1.2 million, making it the second most expensive city in the Greater Toronto Area after King. Equally expensive places to own a home in the GTA are Whitchurch-Stouffville, Richmond Hill, East Gwillimbury, and Markham, in that order. The median cost of a home in the city is about $900,000, while that of an apartment is $400,000.
The high cost of property is largely because it is the fourth fastest growing city in the GTA today. Singles, young families, mature adults, and the elderly can all find suitable housing for their needs, from single family detached dwellings to executive-style homes, condominiums, townhouses, and even row housing.
In the period between 1996 and 2006, Vaughan was acknowledged as the fastest growing municipality in the whole country. Northwood Mortgages is one of the companies that has been instrumental in helping new families and new businesses get homes and commercial property, respectively, at great rates.
Contact Northwood Mortgages Experts For The Lowest Mortgage Rates
Our services are open to all the people of Vaughan, including clients who are unable to obtain financing at leading rates despite building equity in their property. We can help you access the funds you need, many of which come with the option to refinance at leading rates once you qualify.