Condos & Townhomes for Sale in Markham
Why Invest in Markham Real Estate?
Markham is situated north of the Greater Toronto Area in the region of York and is recognized as the High-Tech Capital of Canada, also known as the Silicon Valley of the North, due to its concentration of high-tech companies. With its accessibility via multiple highways connecting the city with downtown Toronto, Markham has become a highly desirable location for both residents and Fortune 500 companies. Its diverse population of over 351,000 people, of which over 70% are visible minorities, has led to the development of new urban concepts such as the Downtown Markham project, bringing in new office and commercial buildings, high-rise condominiums, and townhomes. With plenty of housing options, shopping centres, public transit, and excellent educational institutions, Markham is an ideal place to live and invest in new condo developments. The city is easily accessible to other areas of the Greater Toronto Area through highways and transit services.
Why Buy New Condo Developments in Markham?
Markham, the seventh-largest city in Ontario, has focused on four main development areas in its growth strategy: neighbourhood safety and sustainability, resource management, diversity, and exceptional services. The city offers ample career, housing, and educational opportunities, including the upcoming York University Markham Centre Campus in Fall 2023, which will accommodate 4,200 students in partnership with the City of Markham. Seneca College’s Markham Campus is also located in the city and offers both full-time and part-time programs. Markham is rich in attractions, dining options, arts and culture, parks and trails, and shopping malls. The city hosts many events to showcase its diverse cultures, including Night it Up and Taste of Asia. Living in a new Markham condo provides easy access to these amenities and parks like Milne Dam Conservation Park, Milliken Mills Park, and Bob Hunter Memorial Park, where residents can enjoy nature. Despite being primarily an urban area, the City of Markham is committed to preserving its natural environment.
Employment in Markham
If you invest in a new condo development in Markham, you’ll become part of an award-winning community with a robust economy. With over 10,840 businesses, Markham is one of the most successful economies in Ontario. The city has over 650 corporate offices, 1,500 technology and life science companies, and 240 foreign companies, providing numerous job opportunities. A majority of the population in Markham, which is over 63.3%, participates in the labour force, with almost 160,000 people employed. The city has a lower unemployment rate of 7.3%, compared to the national rate of 8.1%. The top five industries in Markham are FIRE (finance, insurance, and real estate), science and technology, retail, manufacturing, and healthcare and social assistance. Although the average total income for private households in Markham is $45,184, which is slightly below the provincial and national averages of $47,915 and $47,487, respectively, the city is home to several large corporations such as IBM Canada Ltd., TD Financial Group, Johnson and Johnson Inc., Huawei Technologies Canada Co. LTD, and Aviva Canada.
Accessibility and Transit
York Region Transit (YRT) connects all cities in York Region, including Markham, with commuting services provided by Toronto Transit Commission (TTC), GO Transit, and Viva Transit. Using a PRESTO card in Markham makes public transit fares payment easy across all transit providers. YRT offers various routes, such as local routes, school routes, Viva routes, and express routes, with mobility services to make travel accessible for all. Viva Transit’s Purple Line operates east and west along Highway 7 with 25 stops in Markham. TTC runs five bus routes, including 102D (Markham Road), 68B (Warden), 17A (Birchmount), 160 (Bathurst North), and 129A (McCowan North). GO Transit’s Unionville GO and Langstaff GO stations connect Markham to other parts of the GTA. Buying a new condo in Markham will grant access to the city’s extensive transit services for convenient travel around the city and beyond.
Neighborhoods in Markham
Markham is a thriving and modern area that boasts a variety of distinct and diverse neighborhoods. Those seeking new condo developments in Markham can explore several communities, including Unionville, Cathedraltown, Wismar, Greensborough, and Berczy Village. Unionville is a charming and unique neighborhood situated in the heart of Markham, with plenty of shopping opportunities, schools, parks, and recreational facilities. The neighborhood offers an abundance of shopping plazas, malls such as CF Markville, and excellent highway access, including easy connections to Highway 404 and the purple line of Viva Transit. Unionville residents can also enjoy the outdoors by visiting green spaces like Toogood Pond Park and Austin Drive Park.
Berczy Village is a family-friendly neighborhood located in the northern part of Unionville. It features a mix of townhomes, detached homes, and newer condo developments in Markham. The community is surrounded by Berczy Park North and South, providing residents with plenty of opportunities for outdoor activities such as picnics, sports, and walking trails. In Cathedraltown, a master-planned community with mid-rise condos and boutique townhomes, residents enjoy direct access to Highway 404 and other highways in the 400-series. Wismer is a new neighborhood that offers safe roads, great schools, and plenty of green space. The area is predominantly comprised of medium-sized semi-detached and detached homes with spacious front and backyards, centered around a large green space with splash pads, soccer fields, tennis courts, and picnic areas.
Greensborough is a bustling neighborhood located in the northeast corner of Markham, offering a range of low-rise condos, stacked townhomes, and detached homes. Residents can easily access several shopping areas and Main Street Markham, a hub of local retailers and restaurants. These neighborhoods are fantastic options for those seeking new condo developments in Markham, offering diverse housing options and convenient access to highways, shopping, and recreational facilities.
