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Markham is a hotbed of economic development and growth

Markham – a hotbed of economic development and growth

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Markham – a hotbed of economic development and growth

As the fourth most populous community in the GTA – after Toronto, Mississauga and Brampton – Markham has been a hotbed for economic growth and development for years.

It’s long been known as a centre for growing sectors such as technology and life sciences – and therefore employment growth – one of the key drivers of housing demand.

Today, Markham is home to more than 1,000 such companies, with IBM, Huawei, Honeywell, Advanced Micro Devices, Motorola and Oracle all having their Canadian headquarters located in the city.

Residence has its price

Buying a home in Markham may cost you, though, as it has also become one of the GTA’s most expensive housing markets.

According to the Royal LePage Home Price Index for the first quarter of 2020, aggregate home prices grew 6.9 cent year-over-year to $1 million. Standard two-storey prices grew 6.6 per cent to $1.16 million, while detached bungalows increased 5.7 per cent to $1.02 million.

Still, new-home development is a priority for Markham City Hall and Mayor Frank Scarpitti, who was first elected in 2006 and is known as developer- and builder-friendly. The city has a number of new home developments underway, including some high-profile condo and lowrise projects.

The revitalization of Downtown Markham has been spearheaded by The Remington Group’s multi-use development along Main Street, which includes expansive retail shops, a Marriott Hotel, a Cineplex, as well as a variety of condo buildings and townhomes.

Cultural diversity

Culture is also an important attraction in Markham, with The Flato Markham Theatre offering more than 300 live performances each year, showcasing the diversity of the city. In addition, Varley Art Gallery encompasses the historic Kathleen McKay House, which was the home of Group of the Seven’s Frederick Horsman Varley for the last 12 years of his life. Measuring 15,000 sq. ft., the gallery is the second most popular tourist attraction in York Region.

Markham also has dozens of parks with baseball diamonds, soccer pitches and children’s play areas and splash pads. The city also boasts more than 22 kms of scenic pathways with 12 bridges that provide recreational activity for joggers and cyclists.

The largest park in the city is the Milne Dam Conservation Park. Measuring 305 acres, it is bordered by thick forest on the south and east and the Rouge River runs through the middle.

Toogood Pond is an 82-acre park that features a partially naturalized pond and marsh, and it recently underwent revitalization to remove sediment, restore the shoreline and plant native foliage.

Getting around Markham is facilitated by easy access to Hwys. 404 and 407 and the DVP, and for public transit, York Region Transit/Viva connects with all nine York Region municipalities, and GO Transit provides regular train and bus service.

Location, location, location

Population of 328,940, located in the Regional Municipality of York in the GTA; distance from downtown Toronto, 30 km

Key landmarks

• Flato Markham Theatre

• Varley Art Gallery

• Milne Dam Conservation Park

• Angus Glen Golf Club

Select housing developments

Abbey Lane Towns by Poetry Living

Cornell Markham by Ballantry Homes

Canvas on the Rouge by Flato Group

Cornell Rouge by Madison Group

Kennedy Manors by Kylemore Communities

Riverwalk Meadows by Flato Group

Union Village by Metropia

Union Village by Minto Communities

Victory Green by Remington Group

Village Homes on the Avenue by Andrin Homes


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Ballantry Homes

Only the finest in design, construction and customer service at Ballantry Homes

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Only the finest in design, construction and customer service at Ballantry Homes

The Ballantry Homes success story began 20 years ago with a small 10-lot project on the banks of the Rouge River in Markham. That modest first step led to progressively larger developments and, to date, Ballantry has constructed more than 10,000 homes in more than 35 communities across the GTA. Throughout the years, the company has remained true to its goal of using and offering only the finest in design, materials, construction and customer service for its projects.

This attention to quality has earned the builder multiple awards and Ballantry is particularly proud of the recognition it has received for their customer service – receiving the Avid Award for “the best customer service experience” and the Avid Benchmark Award for “best customer experience,” taking particular pride in the fact that 95 per cent of surveyed Ballantry homeowners said they would recommend Ballantry to their loved ones and would buy another home from this builder for themselves.

Ballantry Homes has now announced four upcoming projects within and beyond the GTA.

The first is Oak Park, a high-end condo project in the very desirable and enormously popular town of Oakville just west of Toronto. Oakville is a storied town famous for its lakefront, its quaint village ambience and its quality shopping areas, restaurants, business sections and schools. Oakville is also well known for its status as one of the wealthiest neighbourhoods in Canada. When you combine all that with the high standards of a Ballantry development, you can be assured a wonderful homeowning experience.

The second new offering is Cornell Markham, which will be located in the award-winning Cornell neighbourhood of Markham northeast of Toronto. The community will be a short commute to downtown Toronto, close to a lively local shopping and business section. The area has maintained a touch of its country origins and you can visit the creeks and parkland of the Rouge Valley while enjoying your contemporary suburban lifestyle.

This year there will be a new release of three- and four-bedroom freehold townhomes on Burl Oak Drive that feature double car garages, rooftop terraces and much, much, more. This is a wonderful and increasingly rare opportunity to enjoy a high quality of life within the GTA.

The third new release is Reflections Caledonia, which is situated mere steps from the broad and serene Grand River in the quaint small town of Caledonia. Caledonia is part of a network of charming Grand River situated towns such as Elora, Cambridge and Brantford, and the Sunday driving possibilities are endless. You are only a short drive from Hamilton and a reasonable commute to Toronto. Reflections will combine townhomes with 30-, 38- and 40-ft. detached homes, and the quality of the design and materials is guaranteed.

The fourth and final new release is the Edgewater Trails in Welland, located south of St. Catharines, southwest of Niagara on the Lake and west of Niagara Falls. This may represent the best of country/big town living and is the very definition of scenic. Edgewater Trails will be a community of townhomes and 38- and 45-ft. detached homes. Half of the development’s homes will back on to the Welland Canal, and provide an idyllic view of the tall ships passing by. Welland itself is a thriving mid-size town surrounded by waterways and parks and forests. There is an abundance of shopping and restaurants to be enjoyed and the two Niagaras (Falls and On The Lake) will be a source of endless touristy entertainment. Once again, the quality of the development is guaranteed because this will be a Ballantry Homes community.

Ballantry has a catch phrase “we build dreams” and it is certain that homebuyers will discover their dream in one of these remarkable new developments.

BALLANTRY HOMES

For further information on all of Ballantry’s projects visit the website.


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