Markham City Guide
A division of the Greater Toronto Area, Markham real estate has a rich tapestry of cultures from around the world and is quickly becoming a Canadian tech hub. In the most recent census, 2016, Markham had a population of 328,966. It's Canada's 16th largest municipality and, as of July 1, 2012, Markham changed its status from a town to a city. 89.3% of the cities residents are Canadian citizens, and about 14.5% of residents are new immigrants.
Markham Real Estate is Comprised of Many Original 19th Century Communities:
- Angus Glen
- Bayview Glen
- Berczy Village
- Box Grove
- Brown's Corners
- Cedar Grove
- Downtown Markham
- Dickson's Hill
- German Mills
- Hagerman's Corners
- Locust Hill
- Markham Village
- Milliken Mills
- Mount Joy
- Raymerville – Markville East
- Rouge Fairways
- Sherwood – Amber Glen
- South Unionville
- Underwood, Ontario
- Uptown Markham
- Victoria Square
- Vinegar Hill
- Wismer Commons
Markham is a very unique city, as it is truly a place where old meets new. The old neighbourhoods are notably charming and well worth wandering. Unionville has been around for 200 years and is filled with picturesque Victorian styled homes, restaurants and lovely boutiques. Markham Village is another great place to explore, Main Street is lined with historic homes that have been transformed into local shops and restaurants!
If you work in the heart of downtown Toronto, but own Markham real estate, you have a few options. GO Transit has a bus that runs from Markham to Downtown Toronto hourly and takes about 46 minutes. They also operate a train that runs every three hours that takes about 52 minutes. If you prefer to drive, it can take anywhere from half an hour to forty-five minutes.
Markham is recognized as the "The Silicon Valley of the North" due to the high volume of tech and life science companies working within the city. Over 1,100 high-tech businesses call the city home, a number of which are on the Fortune 500 list. More than 400 Canadian head offices are located in Markham. Canadian industry leaders such as IBM Canada, Sun Microsystems of Canada Inc, Apple Canada, AMD, Hewlett Packard, GEAC, Toshiba of Canada Limited, Lucent Technologies, Compaq Canada Inc, AT&T Canada, and the SMTC Manufacturing Corporation have offices within the area.
Markham is also known for being a major player in renewable energy, with the largest solar energy system in the York region. It has a Green print objective to reach net-zero energy, water waste, and emissions by 2050.
Markham Real Estate Market
|Type of Property||Number of Properties|
|Occupied Private Dwellings||102,675|
|Apartment Building that has Five or more Storeys||13,755|
|Attach Dwelling (Other)||28,025|
|Apartment or Flat in a Duplex||5,875|
|Apartment in a building that has fewer than five stories||1,655|
|Single-Attached House (Other)||10|
|Type of Property||Average Price (CAD)|
|Average Home Price||$953,495|
|Average Condo Price||$360,095|
|Average Detached Home Price||$1,411,018|
Markham's real estate market is incredibly lucrative, due in part to the booming Chinese communities within the region. Projections have shown that it will grow rapidly over the next 20 years, with the municipality aiming to create more jobs, green spaces and be open to more businesses moving to the area. With these lofty goals, the Markham real estate market will likely receive the same boost. New communities and builds are popping up in and around the city, giving buyers more choice of low-rise dwellings, single-detached homes, townhouses, and high rise condos.
While the area has some public transportation, 62 buses and 1 rail lines, the city has a walk score of 57, meaning that most errands will have to be done with a car. There is approximately 1,014 restaurants, bars, and cafes in the Markham, and residents can walk to an average of .01 of them.
Markham has a lot of beautiful, parks to discover, most notably the Milliken Mills Park Conservation Area. This 77-acre park features five lighted baseball diamonds, spots for picnicking, five soccer fields, playgrounds, a water play pad, and two basketball courts.
Other areas of attraction include the Markham Museum, Varley Art Gallery, Flato Markham Theatre, the Heintzman House, and it’s stunning public art collection that’s located around the city.
Those interested in Markham real estate will fall in love with the hustle and bustle of the neighbourhood, it’s a melting pot of unique cultures, beautiful idyllic green spaces and a forward-thinking approach to environmental issues.