New Condos For Sale in Markham
About The New Condos For Sale in Markham
The town of Markham and nearby cities have come a long way since the first sixty-four families emigrated from New York and settled in the town in 1794. The group was of German descent and led by William Berczy, who received land grants in exchange for cleaning the roadways and waterways.
The group opened mills — which ultimately became successful — on the banks of the Rouge River. Nowadays, every new condo development in Markham is a real estate goldmine located in one of the most welcoming neighbourhoods in Toronto. As a result, Markham’s population swelled.
It is often remarked as one of the fastest-growing multicultural regions in the G.T.A., hence the recent boom in condos in Markham and the York Region.
A City Full of Big Dreams
Known as the “High Tech Capital of Canada” or “Silicon Valley of the North,” the city offers a whole slew of opportunities for people, both in terms of home and work.
This is because it has a large concentration of Fortune 500 high-tech and life science companies—over 1,100 in total.
For instance, Toshiba, ATT, I.B.M., and Apple are just a few multinational companies with corporate offices and enterprise blvd here offering numerous job opportunities.
Further, American Express Canada, Honda Canada, Allstate Insurance, and TD Waterhouse have also taken up their residence here.
Real Estate & Condos in Markham
The Markham real estate market is experiencing a boom at a rapid pace due to many factors. For instance, Markham has been recognized as one of the leaders in master-planned community building in the country.
When it comes to condo developments, Markham is certainly steadily making its way up in the Canadian property sector.
Besides, every pre-construction condo development in the area is booming, and many people are relocating, making a surge in Markham’s population.
So, investing in a pre-construction condo in Markham seems to be a trend for most. Grabbing on to this opportunity is a strategic financial decision since it will pay dividends for years to come.
The Markham realty industry sells for an average of $1 million across all properties (including detached homes, townhomes and condos in Markham).
As of April 2020, the average selling price had increased by 4.6 percent each month and 17.7 percent annually. This growth should be enough evidence for anyone to start investing in Markham condos for sale.
The average price of one-bedroom condos for sale in Markham is $529,000, a jump of 19% from the last year. Further, the average condo for-sale fee of a two-bedroom condo in Markham is $594,000, representing a 5 percent increase.
The average price for three-bedroom Markham condos is currently averaging $700,000, a drop of 14%.
Today, Markham is becoming one of the best places for new home buyers to invest. Moreover, businesses and homebuyers are engaging in bidding wars for rental units or have joined a waiting list for upcoming units of condos coming for sale in Markham. As such, the average price for luxury condos could be lucrative for a reseller.
Living in Markham
Markham has everything to facilitate urban living. The city is home to many top retail brands, and shopping malls, promoting a comprehensive shopping experience.
Likewise, at Unionville, one will explore Markham Village, Bur Oak Avenue where numerous clothing retailers, gift shops, and diners are available.
60 percent of the population who were 15 and older were employed, accounting to being about two-thirds (65%) of the labour force.
The typical household income in this area is considerably higher than $54,089 which is the national average at $86,022 before taxes and $75,135 after taxes.
Also, Unionville is home to an extensive collection of traditional buildings, storefronts, scenic pathways, and stunning streetscapes, making the area a magnet for tourists.
A popular farmer’s market is held in Markham Village every Saturday, from May to September. Additionally, amenities at Bur Oak Ave are also varied and first-class.
Also, Markham has a rich heritage to watch out too while enjoying the walking trails through the Toogood Pond Park.
More About the Location
For those who love shopping can stop by Highway 7 and McCowan Road, where you will find the Markville Shopping Centre.
There are also countless other shopping destinations along Main Street to satisfy your shopaholic needs, with easy access to Markham condo residents. And, the biggest interior Asian Plaza, Pacific Mall, is on Kennedy Rd.
Seneca College is one of the best educational institutions in Markham. York University has committed $252 million to its new campus instituting exceptional services.
The Downtown Markham project will create a brand-new urban environment with green spaces, exciting new office and commercial complexes, new Markham condos for sale, recreational facilities and upscale townhomes. So, this will rank among the most coveted residences in the Greater Toronto Area.
Ease of Transportation
Being at the top of nine municipalities, transit options in Markham town are abundant. For instance, two major highways pass through the city. Highway 404 and Highway 407, which link to Vaughan, Burlington, and Brampton. Using the motorway, Markham residents can commute easily to and from the city.
Alternatively, the Go Transit rail service is a great way to travel to downtown Toronto or the downtown core for individuals who rely on public transport.
Also, Markham Road and Birchmount Road have the convenience to GO transit. Furthermore, Union Station is also reachable through this service. And, Mount Joy GO train and bus stop is nearby.
Residents can visit the nearby municipalities in the York Region via the York Region Transit (YRT). Newmarket Transit, Richmond Hill Transit, Viva Transit, Markham Transit, and Vaughan Transit are other fastest ways to travel to neighbouring municipalities.
List Of Markham Condo Developments
Some newer condos for sale and popular neighbourhoods in Markham and within the city’s borders are Towers at Castlemore, Orchid Condos, Markham Condos, Riverside Uptown Markham, and many more.
Here are some new Markham condo developments for sale:
- Margo Condos by Aspen Ridge
- Riverview Condos by Times Group Corporation
- Hart Haus Condominiums by Ledgemark Homes
- Gallery Square Condos by Remington Group
- Signature Condos (second phase) by Remington Group
- Watford Condos by The Watford Group
- Cornell Rouge by Madison Group
There are many luxury condos in the city, all offering ease of transport through the York Region Transit. Each new condo development offers homebuyers the opportunity to live lavishly in one of Canada’s fastest-growing cities at an average condo price.
Most Markham condos include single-family homes, detached homes, and townhomes with some under the pre-construction phase.
In addition to this, most new condos for sale in Markham boast luxury amenities for the comfort of residents. Consider buying now since the trend for Markham condo prices will only increase.
Planning on purchasing new Downtown Markham condos? Contact us for more information about listings, square-foot plans, promotional materials, and more about the Markham new condo developments as well as the York Region.