City of Vaughan coveres a big geographical area and has a growing population with the real estate prices varying greatly across the neighbourhoods. The most expensive being Kleinburg with an avergae price of just over $1,300,000 and the least expensive is Lakeview Estates (Area north of Steeles Ave between Dufferin St and Bathurst St) with an average price of $420,000. The average prices include all property types.
The development of Vaughan Metropolitan Centre in a proposed 125-acres in the area of Highways 400 and 7, is expected to become the central business district of Vaughan. It will be linked by a subway station on the Yonge-University-Spadina line of the Toronto subway.
Improvement of transit along Highway 7 and the extention of the subway line is already seeing new condos and office buildings being constructed in the area. Considering all that, more and more people are choosing Vaughan as a place to live and home prices are expected to rise accordingly.