High-Rise Condo

Festival Condos

by Menkes

195 Commerce Street, Vaughan, ON L4K 5Z7

Year Built

2024

Total Units

592

Storeys

Neighbourhood in Vaughan

Vaughan Corporate Centre

urban family-friendly growing

Vaughan Corporate Centre is a developing neighbourhood in Vaughan, Ontario. It offers a mix of residential and commercial spaces, making it a vibrant area for living and working.

Median home price: $521,500 Median rent price: $2,350 Good access to transit with 11 stops Strong community with 45.6% immigrants

Day to dayLivability

6.3

Schools near listings

out of 10 · averaged over 1,020 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$521,500

53% below Vaughan 27% below Ontario

In Vaughan Corporate Centre

$521,500

In Vaughan

$1,099,000

In Ontario

$717,000

Median monthly rent

$2,350/mo

2% below Vaughan 6% below Ontario

In Vaughan Corporate Centre

$2,350

In Vaughan

$2,400

In Ontario

$2,500

$1,026

Per square foot

≈ 18.5 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

Median $521,500

Condos 86

For rent

186

Median $2,350

Recently sold

Recently leased

Market data as of 2026-10-10. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Affordable compared to Vaughan's city median prices
Family-friendly with an average household size of 3.1
Growing community with new developments
Access to various amenities like gyms and cafes

Keep in mind

Limited parks and schools in the area
Higher renter strain at 50.7%

The feel of the placeLifestyle

Residents enjoy a mix of urban conveniences and a community feel. Daily life includes easy access to restaurants and fitness options.

Great for young professionals first-time buyers families

Within the boundaryWhat's nearby

The boundary

3.1 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

Playgrounds

Transit stations

Grocery stores

Restaurants

Cafés

Gyms

Libraries

Pharmacies

Counted across all 3.1 km² of Vaughan Corporate Centre. From OpenStreetMap, as of 2026-10-12.

The peopleWho lives here

27,100

Population (2021)

38.2 km²

Area

710

People per km²

Median age

$113,164

Median income

64%

Own their home

3.1

People per household

9,390

Households

Every age

Children (under 15)20.2%
Working age (15–64)71.8%
Seniors (65+)8.1%

What is built here

Detached houses39.2%
Semi-detached5.6%
Townhouses13.5%
Duplexes2.8%
Low-rise apartments0.6%
High-rise apartments38.3%

Own or rent

64%Owners

36%Renters

Across 9,390 households

When it was built

Mostly 2016–2021

1960 or earlier2%
1961–19806%
1981–19905%
1991–20004%
2001–20054%
2006–201018%
2011–201519%
2016–202142%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

45.6%
Born outside Canada: 36.4%
Hold a degree or higher: 62.7%
Employment rate: 11.7%
Commute by transit: 83.4%
Commute by car: 1.8
Children per family: $97,732
Median income after tax: $130,292
Average household income: 10.5%
Living on a low income: $2,315/mo
Renters pay, per month: $2,504/mo
Owners pay, per month: $1,042,640
Median home value at census: 50.7%
Renters spending 30%+ of income on housing: 31.3%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 6 census areas around the listings we hold here. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry