If you have been looking at new construction in the GTA recently, you may have noticed something interesting.
The projects coming to market are very different from one another.
One buyer might be considering a $700K townhome in Richmond Hill.
Another may be looking for a larger family home in Markham.
Another wants a downtown Toronto condo.
And someone else may be willing to move west for a waterfront community in Mississauga.
So asking:
“What is the best pre-construction project right now?”
may be the wrong question.
A better question is:
“Which project actually fits my budget, timeline and the type of home I want?”
Here are eight current new-build projects we think are worth comparing this fall.
Prices, incentives and availability mentioned below are based on current project information in October 2026 and can change without notice.
1. Everpine Towns—Richmond Hill
Current pricing: From approximately $899,900
Location: Yonge Street & Jefferson Side Road
Everpine is one of the newer Richmond Hill townhome releases this fall.
The community by Arkfield is planned as a relatively limited collection of 44 contemporary townhomes in the Jefferson neighbourhood, with three-bedroom homes designed around family living. JDL Realty currently lists the project from approximately $899,900.
What makes Everpine interesting is its location.
Rather than being much farther north or in a completely new subdivision, it sits just off the Yonge Street corridor in an established part of Richmond Hill.
That puts buyers close to everyday shopping, schools and existing neighbourhood amenities.
Who might consider Everpine?
Everpine may suit:
- Buyers who want to stay in Richmond Hill
- Families looking for a three-bedroom townhome
- Condo owners looking to move into a low-rise property
- Buyers who prefer a smaller community rather than a very large development
For someone with a budget around the $900K range, Everpine is worth comparing with both new and resale Richmond Hill townhomes.
2. Angus Glen Skye Towns—Markham
Current pricing: From approximately $1.099M
Location: Angus Glen, Markham
Angus Glen Skye Towns takes a more premium approach.
Kylemore is introducing a limited collection of three-storey townhomes within Angus Glen South Village, with current builder pricing advertised from approximately $1.099 million.
The location is probably the biggest part of the appeal.
Buyers are not simply purchasing a townhome in a future neighbourhood.
They are buying within the established Angus Glen area, close to Unionville and existing Markham amenities.
Who might consider Skye Towns?
This one may suit buyers who:
- Specifically want Markham or Unionville-area living
- Prefer an established premium community
- Want a new low-rise home rather than a condo
- Have a budget above the entry-level townhome market
The key comparison here should probably not be:
Skye Towns vs. a $700K townhome.
They are targeting different buyers.
A better comparison may be:
Skye Towns vs. newer resale townhomes in Angus Glen, Unionville and nearby Markham communities.
3. Bond Townhomes—Richmond Hill
Current pricing: From $699,990
Location: Oak Ridges, Richmond Hill
Bond is one of the more interesting releases for buyers focused on entry price.
Located on Bond Crescent in Oak Ridges, the project by Sunny Communities currently offers a mix of:
- Stacked townhomes
- Back-to-back townhomes
- Traditional townhomes
Current advertised pricing begins at approximately $699,990, with layouts extending up to about 2,132 sq. ft.
That range of home types is important.
A buyer entering at the lowest price point is not necessarily getting the same type of home as someone purchasing one of the larger traditional townhomes.
Who might consider Bond?
Bond could be worth looking at for:
- First-time buyers wanting something beyond a condo
- Buyers trying to enter Richmond Hill at a lower price point
- Growing families who need more space
- Buyers who like the Oak Ridges area and access to Bond Lake and Lake Wilcox
This is also a good example of why starting price alone can be misleading.
You need to compare the specific collection, floor plan, size and ownership structure—not just the large number on the advertisement.
4. 8 Elm—Downtown Toronto
Current pricing: From the $700s
Location: 8 Elm Street, near Yonge & Dundas
8 Elm is completely different from the other projects on this list.
Instead of suburban townhomes, this is a 69-storey downtown Toronto condominium by Reserve Properties and Capital Developments, with approximately 819 residences ranging from studios to three-bedroom suites.
It is already under construction and sits just one block from Yonge and Dundas, close to:
- TTC
- Toronto Metropolitan University
- Eaton Centre
- Restaurants and entertainment
- Downtown employment
- University of Toronto
The project also features approximately 26,000 sq. ft. of amenities, including a 56th-floor Sky Club.
Who might consider 8 Elm?
8 Elm is more relevant to:
- Downtown end users
- Parents purchasing for students
- Buyers who prioritize transit and walkability
- Buyers who specifically prefer a high-rise product
- Buyers comparing downtown new construction with resale condos
The biggest mistake would be comparing 8 Elm directly with something like Bond or UNITY based only on price.
A $700K downtown condo and a $700K suburban townhome solve completely different housing needs.
5. Ivylea—Richmond Hill
Current pricing: From approximately $949,000
Location: 19th Avenue, Richmond Hill
Ivylea stands out for one simple reason:
buyers do not necessarily have to wait years to move in.
Marlin Spring currently has select homes available with approximately 30–60 day move-in timelines, with current layouts ranging from about 1,796 to more than 2,300 sq. ft. and selected plans offering three to five bedrooms.
That makes Ivylea very different from a traditional pre-construction launch.
For a buyer who needs a home relatively soon, waiting until 2028 or 2029 may simply not be practical.
Who might consider Ivylea?
Ivylea could suit:
- Growing families
- Condo owners moving into a larger home
- Buyers wanting Richmond Hill
- Buyers who need three, four or even five bedrooms
- Buyers who want new construction without a multi-year wait
The question here is less:
“Should I buy pre-con?”
and more:
“Should I buy this new move-in-ready townhome or a resale property nearby?”
That is a much more useful comparison.
6. Union Village Phase 3—Markham
Location: 16th Avenue & Kennedy Road
Union Village is already one of Markham’s better-known new-home communities, and Phase 3 brings a new mix of townhomes and detached homes.
The community by Minto Communities and Metropia is planned around a larger master-planned setting near Unionville, with parks, trails and preserved natural areas.
The newest phase includes multiple low-rise collections, including townhomes and 36-, 43- and 50-foot detached homes. Current pricing varies significantly depending on collection, lot and home type.
This is one project where the advertised starting price tells only a small part of the story.
A townhome buyer and a buyer looking at a large detached home are essentially shopping in two completely different price categories.
Who might consider Union Village?
It may appeal to:
- Families specifically targeting Markham
- Buyers who prefer master-planned communities
- Buyers looking for larger low-rise homes
- Move-up buyers
- Buyers who want proximity to Unionville
Union Village should also be compared with resale homes.
If a buyer is spending well above $1 million, the question becomes:
What can I buy brand-new here versus what can the same budget buy today in an established Markham neighbourhood?
7. UNITY by Starlane Homes—Markham
Current pricing: From approximately $799,000
Location: Off Warden Avenue, between Elgin Mills and Major Mackenzie
UNITY is another new Markham project, but it fills a different part of the market from Union Village and Angus Glen Skye Towns.
Starlane is planning approximately 250 townhomes, including rear-lane and back-to-back designs, with current marketing indicating prices from around $799,000 and layouts of approximately 1,700–2,600 sq. ft., depending on the collection.
The project is positioned in Upper Markham, near Angus Glen and within reach of Unionville, Highway 404 and Highway 407.
Who might consider UNITY?
UNITY could appeal to:
- Buyers who want Markham but cannot reach premium detached-home pricing
- Families looking for more space than a condo
- Buyers comparing back-to-back and rear-lane townhomes
- Buyers wanting newer construction in north Markham
At around the $800K starting range, UNITY becomes particularly interesting when compared with:
resale townhomes + larger condos + other new-build townhome releases.
Again, the lowest advertised price should only be the starting point of the analysis.
8. South Banks—Mississauga
Current pricing: From the mid-$500s
Location: Lakeview Village, Mississauga
South Banks brings something completely different to the list:
waterfront townhome living.
The community by DECO Homes and OPUS Homes is located within the larger Lakeview Village redevelopment on Mississauga’s eastern waterfront.
Current project information advertises homes from the $500s, with two- to four-bedroom layouts ranging from approximately 930 to 1,460 sq. ft., including options with rooftop terraces.
The broader Lakeview Village plan includes waterfront trails, parks, retail, restaurants and other community uses as the area develops.
Who might consider South Banks?
South Banks may appeal to:
- Buyers open to Mississauga
- Buyers who like waterfront communities
- Buyers wanting a townhome rather than a high-rise condo
- Buyers prioritizing a lower entry price
- Buyers comfortable purchasing into a community that will continue developing over time
The estimated completion timeline is also an important consideration.
A buyer looking for somewhere to live next spring and a buyer planning several years ahead are not the same customer.
So Which Project Actually Fits Your Budget?
This is where the comparison becomes more useful.
If your budget is around the $500K–$600K range, something like South Banks—or projects such as Liora in Keswick, currently advertised from $589,900—may enter the conversation.
If you are closer to $700K–$800K, you may start comparing projects such as Bond and UNITY, depending on the specific home type and release.
Around $900K, Everpine and Ivylea enter a different part of the Richmond Hill market.
Above $1M, projects such as Angus Glen Skye Towns and different Union Village collections become relevant.
And if your priority is downtown Toronto rather than a suburban low-rise home, 8 Elm is an entirely different decision even if the purchase price overlaps with some of these projects.
That is why:
“What starts under $1 million?”
is useful.
But it should not be the only question.
Starting Price Is Only the Beginning
Consider two projects:
Project A starts at:
$699K
Project B starts at:
$799K
It looks like Project A is clearly cheaper.
But what if Project A’s entry model is a smaller stacked unit while Project B gives you a significantly larger multi-level townhome?
Or:
Project A has monthly maintenance fees.
Project B is freehold.
Or:
Project A closes in 2027.
Project B closes in 2029.
Or:
Project A requires a different deposit schedule.
Project B is offering a temporary builder incentive.
Suddenly, the $100,000 difference needs more context.
Before choosing a project, buyers should compare:
- Actual floor plan
- Interior square footage
- Number of bedrooms
- Parking
- Freehold vs. condominium ownership
- Maintenance fees
- Deposit structure
- Expected occupancy or closing
- Development charges
- Assignment rules
- Builder incentives
- HST treatment
- Nearby resale alternatives
The project with the lowest starting price is not automatically the best value.
New Construction vs. Resale Should Be Part of the Comparison
This is particularly important in the current GTA market.
If you are considering a $950K new townhome in Richmond Hill, you should also ask:
What resale townhomes can I buy for around $950K today?
If you are looking at a $1.1M Markham new build:
What does $1.1M buy in the current resale market?
And if you are considering a downtown pre-construction condo:
What completed condos are available nearby at the same total budget?
New construction can offer advantages:
- Brand-new finishes
- Newer systems
- Different deposit timing
- Builder warranties
- New community design
But resale can offer something equally valuable:
You can see exactly what you are buying today.
Neither is automatically better.
The useful comparison is:
What are you getting for the total amount of money you will spend?
JDL Realty Perspective
We would not tell every buyer:
“Buy the newest project.”
And we would not tell every buyer:
“Pre-construction is better than resale.”
A buyer with $700K who wants a three-bedroom home has very different options from someone with $1.3M who specifically wants Markham.
A family that needs to move within 60 days should look at the market differently from someone comfortable waiting until 2028 or 2029.
And a downtown Toronto buyer should not evaluate a project the same way as someone searching for a freehold townhome in York Region.
So rather than asking:
“Which project is hottest?”
we would start with:
“What are you actually trying to buy?”
Then compare the projects that fit.
Looking at Pre-Construction but Not Sure Which Project Makes Sense?
Start with three things:
- Your budget
- Preferred area
- Property type
For example:
Under $800K + Markham/Richmond Hill + Townhome
or:
$1M–$1.3M + Markham + Family-sized low-rise
or:
Under $800K + Downtown Toronto + Condo
JDL Realty can help you compare current:
- Price lists
- Floor plans
- Available units or lots
- Deposit structures
- Builder incentives
- Occupancy timelines
- Closing costs
- Nearby resale alternatives
across projects such as Everpine, Angus Glen Skye Towns, Bond, 8 Elm, Ivylea, Union Village, UNITY, South Banks and other current GTA new-home communities.
Because the goal should not simply be:
“Find me a pre-construction project.”
It should be:
“Show me which options actually make sense for my budget and what I want to buy.”
Contact JDL Realty Inc., Brokerage with your:
Budget + Preferred Area + Property Type
and we can help you compare the current options before you commit.
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