Aurora Luxury Real Estate

Listings last updated 07/19/2019

Luxury Homes and Condos for Sale in Aurora

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Aurora, ON luxury real estate overview

Point2 Homes gives you far more than a simple list of luxury homes for sale. Get instant access to a lot of relevant information about Aurora, ON luxury real estate, including property descriptions, virtual tours, maps and photos. The search results pages also have a wealth of information on Aurora, ON, right below the listings. You can use Aurora, ON luxury real estate prices, square footage, amenities and many other criteria among the deep filter functions on Point2 Homes to help narrow down your search. Price drops are another feature at your disposal, useful in finding luxury homes for sale which have had their asking prices reduced in the past six months.

There are 99 apartments and condos for sale in Aurora, ON

Use the map view to find Aurora, ON luxury houses for sale, based on amenities or city features that you may want close by. You can close in on a specific neighbourhood or area by simply drawing around it with the polygon or radius tools. Stay informed about the latest entries on the real estate market by saving your searches. This way, you get new listings in your inbox, daily or every week, based on your preferences. If you’d like to get in touch with a professional, agents are displayed next to their listings, along with all their contact information and a handy online contact form. If you want more options, you can go to the Tools tab and Find an Agent, and you’ll get a list of helpful and knowledgeable real estate agents in Aurora, ON.

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CITY GUIDE
Aurora, Ontario

Aurora is a town with a population of 55,445 people situated in Southern Ontario. Covering an area of 49.85 sq.km., Aurora sits in the York Region in the Greater Toronto Area, and is roughly 35 minutes from Toronto. Aurora enjoys four distinctive seasons, with cold snowy winters and temperatures that average as low as -7°C, and fairly hot, humid summers with frequent thunderstorms.

Aurora is one of the fastest growing communities in the Greater Toronto Area (GTA) and boasts a very high quality of life. It has a thriving economy, and is home to a number of major industries and head offices, including Reebok Canada, Hallmark Cards, and Quebecor Printing. The city is a commutable distance from Toronto – 45 minutes by train or 35 minutes by car – so it’s a feasible option or people looking to commute to work and enjoy a home in a suburban setting.

Aurora is known for preserving its heritage and history, and the city paints a very pretty picture with rolling hills, golf clubs, green spaces, and meandering streams. Residents can enjoy Aurora’s great shopping districts and plazas, as well as over 500 acres of parks and nature areas. Outdoor activities such as hiking, running, cross-country skiing, and cycling are all very popular and the city has some great sports facilities.

Aurora has a large majority of white residents (86.3%), with the remainder of the population made up of visible minorities (13.1%), primarily South Asian, Chinese, and Black. The most common languages spoken are English (73.7%), as well as Italian, Russian, Persian, Chinese, and French.

Aurora, Ontario

Aurora, Ontario
real estate market overview

Real Estate Market Overview

The Greater Toronto Area – Aurora included – has seen significant growth in the last few years, largely due to the area’s safe real estate market, low interest rates, and the increased migration of people moving out of Toronto to the surrounding suburban areas. It’s currently a seller’s market with a fairly low level of inventory, as well as an influx of foreign buyers especially in Aurora. Aurora and nearby Newmarket have development-blocked scrubland which limits the amount of developable land for housing, which is also leading to an increase in housing prices.

The benchmark price for a single-family home in Aurora is around $855,000, condos can be found for around $262,000, and the average price of a townhouse sits at $387,000. Although there is limited developable land, Aurora does have a number of new home developments especially in the Downtown area.

Aurora boasts a range of neighbourhoods and types of housing, from new-builds and townhouses, to ranch-style bungalows, to Victorian, Edwardian, and Tudor-style homes. Downtown Aurora in particular features beautiful heritage houses of all different architectural styles.

real estate market overview

Luxury Real Estate Market Overview

Aurora features a range of beautiful and luxury real estate, and boasts everything from spacious Victorian heritage homes to large ranch properties. It’s also home to luxury amenities such as golf courses and executive-style homes on large plots of land. Aurora consistently ranks among the top 10 wealthiest cities in Canada, and the average household income is around $155,460.

The most expensive neighbourhoods in Aurora include Bayview Southeast, where the average property price is $2.5 million; Aurora Estates, where the average price is $1.6 million; and the Hills of St. Andrew, where the average price is $1.5 million. However, luxury homes can be found anywhere within the region of $1.5 million to $9 million, and Steeplechase Avenue is known as one of the most luxurious streets to live on. The Aurora Highlands is also a sought-after area for luxury buyers.

Aurora has a real demand for high-end properties, especially since the average earnings are fairly high coupled with rising interest from international buyers and investors. The trend at the moment is that foreign buyers are purchasing property here and holding on to it, knowing that the market will see significant growth.

luxury real estate market overview