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Markham City is located North East of Toronto on the map, with North York Region and Richmond Hill on the east. Known as the high-tech capital of Canada, it has developed into a wonderful suburban area in the last 50 years and has turned into an excellent place for families to call home.
New condos in Markham reflect some aspects of downtown life. However, it’s slightly more spread-out and gives more of a suburban feel. The population is approximately 343,000 people, taken from the 2017 census. With the growth of the Markham real estate market since 1970, it officially changed its title from “town” to “city” in 2012.
Many families with parents who work in Toronto relocate to Markham as the highways easily connect to Toronto while also being a more affordable and quieter location. Markham is also a suitable address for business professionals to live in, whether they work in Markham or Toronto. With this, pre-construction condos are being filled up with new residents year after year. There are still many new condos available, and you can also look into pre-construction condos and developer options with our list and search pages.
For those commuting to downtown Toronto, The Markham GO Transit connects with Union Station so Markham residents can get to downtown Toronto in 40 minutes.
But while the population still likes visiting the bigger city, many people who live in Markham work within Markham, as a list of businesses and multi-national corporations have opened their offices and Canadian headquarters there. IBM [1] is currently the city’s largest employer, 22% of the labor force in Markham works in “business services.” Some multi-national corporations with Canadian headquarters in Markham are Johnson & Johnson, Oracle, Honda, Hyundai, Toyota, Huawei, Honeywell, etc. With the many opportunities in Markham, new condos have also become more attractive.
One of the best parts of Markham City is Unionville. It’s filled with lots of recreational activities and parks for families to enjoy, making it a perfect weekend spot for those who live in nearby condominiums. Main Street in Unionville, Markham, is lined with beautiful historical buildings virtually untouched since 1794. The look and feel of Unionville are similar to Europe when you walk through the street, lined with cute establishments such as ice cream shops, bars, grills, candy shops, shopping centers, boutique jewelers, souvenirs, and more.
One of the highlights of Unionville is the Old Firehall Confectionery, a historic fire hall that has since been turned into a shop for handmade confections such as candy apples, fudge, sponge toffee, and more. Real estate properties and new condos put you right in the vicinity of these amenities.
Shopping centers are important when looking for a pre-construction condo. There are two major shopping centers near condos – Markville Mall and Pacific Mall. Markville Mall is owned by Cadillac Fairview, the same company that owns the Eaton Centre in Toronto and Sherway Gardens, so the stores in the directory are few and far between.
There is a massive Walmart, Hudson’s Bay, Marshall’s, Winners, Best Buy, and Sporting Life, anchoring the mall in 4 locations, with smaller stores between the giants. Some of the stores inside the mall include Indigo, Apple, Bath and Body Works, and many more. Markville Mall is located at Highway 7 and McCowan Rd, close to several big box stores. Meanwhile, Pacific Mall is located at Kennedy Rd and Steeles Ave and is known as Canada’s “largest indoor Asian mall.” Like Toronto, Markham also has its fair share of bubble tea shops, from Chatime to Real Fruit to Ten Rens, and many more.
With all these shopping centers in the city of Markham, you’ll find a wide range of selections at different prices.
Transportation choices are not scarce in the city, with the York Region Transit easing up travel to and from condos. Any location in Toronto city is reachable with many Ontario transit options. If you’re working in Toronto, access to transport is trouble-free, especially with the York Transit.
With many condo developer companies building mid-rise and high-rise condominiums in the city, there’s still quite a list of new condo units and development projects that will pop up in different neighborhoods.
Some of the pre-construction condo developments coming soon to Markham City are Riverview, Vendôme Markham, Gallery Square Condos, Union Village, and Nahid on Main condos. There are three pre-construction condos in Markham available right in Unionville, located on Main Street. These Toronto condo units in the development are Varley Condominium Residences, The Watford condos, and The Hart Haus Condominiums. With developers such as Madison Group spearheading these condo projects, new condos are already up for sale. You can also view a property you’re interested in. That said, this city located in Ontario is an ideal place to call home.
In Markham, new students have easy access to one of Seneca College’s campuses, located at Highway 7 and Highway 404, with a list of top-quality part-time and full-time programs available in business, marketing, tourism, finance, human resources, and information technology. Condos in Markham give you closer access to this, expecting a good population of students living in condominium complexes or different neighborhoods.
Now talking about condominium prices in this address, the average price in 2019 is $438,000. The price per square foot is $731. If you’re looking to invest in a Markham development, the prices will grow at about 3.7% over the years.
As for resale prices, the average price is around $917,690. In the past 10 years, the appreciation rate has been 6.9% on average.
After the developer builds new projects in the city, the list of Markham condo units will go on. As such, there’s a high chance that prices in this address will only increase over the years. That means the prices of Markham condos today are going to be cheaper.
Markham condos aren’t far from fun events that the whole family enjoys, such as the Markham Fair, Fest, Night It Up, Jazz Fest, and more. The Markham Fair is actually Canada’s largest agricultural 4-day fair, hosted in part by the East York Agricultural Society. Available events at the fair include livestock shows, a demolition derby, midway rides, a horse pull, and others. The event is always held just before Thanksgiving, so residents find it highly enjoyable.
Other events available in the Markham address include Unionville Festival, happening in the first week of June. The event typically has a parade, a kids’ Fun Zone, a 5K Race, and many other available activities. Next up on the Calendar in Markham is Night It Up, happening every year in July. The event is a Night Market, with performances, inflatable bouncy castles, sports, booths, and various activities. The event is a charity fundraiser, raising over $140,000 in 2018. Finally, near the end of August is the Jazz Festival, also happening in Unionville, Markham. The Jazz Festival has more than 30 outdoor concerts, a Wine and Beer garden, available Art Gallery tours, a Street Festival, and more. If you want to witness these happenings, pre-construction condos have you covered.
Like Toronto, Markham is home to top-notch winter events as well, such as the Festival of Lights, which displays an incredible firework show to kick off the holiday season. A few days later, the Markham Santa Claus Parade runs, showing off its incredible displays and beautifully dressed parade-walkers! With these events available, Markham condos and homes are close to lots of action. You’ll find many residents and a good population locking to these available events in different neighborhoods.
You don’t have to worry about transportation if you live in a new condo in Markham. There’s quite a list of transit choices in this address. The York Region Transit in the city connects all nine municipalities, so it’s easier to travel from your home. If you prefer the GO Transit, Markham also has a GO station on Markham Road.
However, if you’re driving, you can traverse a network of highways in Markham. There’s Highway 7, which connects you to other areas like Vaughan. You’ll also find Highway 404, which is another major highway in the city. As you can see, pre-construction condo developments in Markham have a list of transit options available nearby.
Markham real estate is growing fast, with many developer companies in Canada taking an interest. Aside from condos, Uptown Markham is in the works. While there are townhomes and condos for sale in the area, we can expect a rise in new condos in Markham city. Even now, condo developers in the real estate market like Times Group Corporation offer available condos for sale in Pavilia Towers and Riverview Condos. Aside from Times development, three other available examples of now-selling condos in Markham are the Origin Lofts in Bur Oak, Margo Condos also in Bur Oak, and Village Homes on Alexander Lawrie Ave and 16th Ave.
Markham will make an urban master-planned community- Downtown Markham-to add to the Markham condos and city developments on the Canada map. This property will be overseen by the Remington Group and will be one desirable location on the Ontario map. With the Downtown Markham development, prices will likely be affected around the York region.
There are several Community Centres located in Markham City that people living in condos or properties can enjoy. A major one is the Markham Pan Am Centre, completed in 2015 for the 2015 Pan Am American Games. The center houses indoor pools, a gym, and a fitness center. Additionally, many events happen at the center, such as karate competitions, swimming meets, etc. The Aaniin Community Centre is another great spot, with a list of available offerings for physical activity like an indoor playground, indoor pool, fitness center, Digital media Lab, Creation Studio, and a Business Hub. The Cornell Community Centre features a library, rehearsal hall, meeting rooms, a large gymnasium, a fitness center, and an indoor track. There’s even an available pool. With about 15 community centers in Markham city, there’s something for everyone that calls Markham home. And if you’re living in your condo with your children, these offer many activities for them.
Top-quality homes, property developments, and new condos in Markham offer many activities and amenities for its residents. With the growing real estate market, new condos for sale are worth looking at. If you love the downtown Toronto City vibe with a toned-down ambiance, pre-construction condos, or a property on the Markham map is a valuable investment in Canada.
Here are some popular new condos in Markham:
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