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Markham

Markham is a hotbed of economic development and growth

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Markham is 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 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 will cost you, however, as it has also become one the GTA’s most expensive housing markets, with median home prices now exceeding $1 million.

According to the Royal LePage Home Price Index for the first quarter of 2019, prices for a two-storey home grew 0.8 per cent year-over-year to $1.08 million; bungalows are down 11.4 per cent to $1.06 million; condos are down 2.1 per cent to $452,951. Overall, aggregate home prices were flat year-over-year, but still sit at $1.01 million.

In the GTA, only Richmond Hill, Oakville and Vaughan are more expensive.

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 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 the Group of 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 new-home developments

Blue Sky by Fieldgate Homes, single-detached homes.

Cornell Rouge by Madison Group, towns, semis and detached homes

Opus Homes in Stouffville by Opus Homes, detached homes and townhomes

Station Town by National Homes, townhomes

Trendi Towns by Treasure Hill Homes, urban townhomes

UNION Margo by Aspen Ridge Homes, condos and townhomes


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EDITOR'S CHOICE: Madison Group

EDITOR’S CHOICE: Madison Group

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EDITOR’S CHOICE: Madison Group

Specialists in lowrise, highrise, hospitality and retirement

Over the past five decades, Madison Group has evolved from a successful family business into a multi-faceted company that owns, develops, and manages landmark residential and commercial properties. Madison’s extensive portfolio includes lowrise master-planned communities, mixed-use highrise projects, office, retail, prestige industrial, rental, and retirement properties throughout the GTA and New York City.

Recognizing the need for ongoing change and growth, in 2017 Madison Group went through a company-wide rebrand as well as the addition of a hospitality division by bringing the first-ever Nobu Hotel and Restaurant to Canada. With its new outlook, Madison remains committed to creating vibrant, integrated communities rooted in highly desirable locations that elevate the lifestyle of their residents.

FRENCHMAN’S BAY

With GO Transit offering a short 28-minute train commute from Pickering to Union Station, and a four-minute walk to the lake, Frenchman’s Bay is set to attract anyone looking for affordable lakeside living with all of the area’s conveniences, including quick access to Highway 401, great restaurants and shops in Nautical Village along Liverpool Road.

Breaking ground at Frenchman's Bay in Pickering.
Breaking ground at Frenchman’s Bay in Pickering.

Frenchman’s Bay offers a modern collection of single-detached two-storey homes of approximately 2,700 square feet with double-car garages, four bedrooms, 3.5 bathrooms and ample room for families to cook, live and relax in style at a starting price of $1.5 million.

The townhome collection ranges from 1,910 to 2,215 square feet and will offer single-car garages at grade, generous three- or four-bedroom floorplans on three levels, plus a basement. The interiors include designer selected natural oak engineered flooring throughout the second floor and smooth ceilings on both the first and second levels. The carefully appointed kitchens include a wide range of kitchen cabinet choices and a great selection of granite or quartz countertops. Townhome prices start in the high $800,000s.

Frenchman's Bay offers a modern collection of two-storey single-detached homes and townhomes.
Frenchman’s Bay offers a modern collection of two-storey single-detached homes and townhomes.

It is the spectacular natural landscape and abounding recreational opportunities that make Frenchman’s Bay a coastal haven for outdoor enthusiasts. You cannot miss Frenchman’s Bay Marina and the significant presence of boaters and sailing activity in the surrounding waters during the summer months.

To the southeast is Beachfront Park with its elevated boardwalk and beautiful views across Lake Ontario. If you’re in the mood to exercise or explore, then head into the Waterfront Trail system that encircles Frenchman’s Bay and runs east and west alongside the Lake’s shoreline. Three major trails – perfect for cycling, running or walking – traverse protected wetlands and woodlots, bluffs, beaches and expansive conservation areas.

“There are various natural, recreational, heritage, arts and cultural attractions within a one-kilometre range of the site, especially the boardwalk, beaches and marina,” said project director lowrise, David Singer in an interview with the Globe and Mail.

NUTOWNS

NuTowns, a collection of urban towns and traditional townhomes in Pickering.
NuTowns, a collection of urban towns and traditional townhomes in Pickering.

A collection of urban towns and traditional townhomes is coming this fall to the Seaton area of Pickering. The project is conveniently located between Highways 407 and 401 and has access to all of Pickering’s amenities, which include natural recreational areas such as the Seaton Hiking Trail, Riverside Golf Course and all of the vibrant amenity-rich shopping along the Kingston Road and Highway 401 corridor.

“With the City of Pickering being named one of the world’s Smart21 Communities of 2017 by the Intelligent Community Forum, we are very excited to bring another project to the Pickering area this fall,” said Singer.

With retailers like Farm Boy grocery, Saks Off Fifth and a range of restaurants, future NuTowns residents will have plenty to do within a 10-minute radius. Townhome pricing is set to start from the high $400,000s.

CORNELL ROUGE

Cornell Rouge detached home courtesy Madison Group.
Cornell Rouge detached home courtesy Madison Group.

Markham’s greenest corner is about to launch its newest look and home designs. For over 15 years, Madison Group has been a big part of this successful master-planned community of Cornell Rouge. Bounded by 16th Avenue to the north and Highway 7 to the south and located east of Cornell Centre Boulevard, Cornell Rouge is nestled next to the natural splendor of the Rouge Valley, one of North America’s largest urban parks.

In the upcoming release, future residents will have a wide variety of newly redesigned plans and exteriors to choose from, all of which relate to the overall rebrand of the Cornell Rouge project. With a fresh perspective on design and functionality, the project will continue on attracting families who are looking for the perfect home with accessibility to the area amenities, schools and recreational facilities — all located just steps from their homes.

The newly designed detached homes will range in size from approximately 2,000 to 3,300 square feet and 1,800 to 2,400 square feet for the townhome product.

MADISON HIGHRISE

Groundbreaking ceremony at Nobu Residences, Hotel and Restaurant.
Groundbreaking ceremony at Nobu Residences, Hotel and Restaurant.

Madison’s dynamic highrise division recently launched and sold 660 suites in its two-tower project, Nobu Residences Toronto. The highly anticipated project will feature the world’s first-ever fully integrated Nobu Residences, Hotel and Restaurant.

“We are very excited about building the world’s first-ever Nobu Residences and bringing this incredible brand to Canada,” said Josh Zagdanski, vice president highrise. “Nobu Toronto has done exceptionally well, and we are looking forward to making this project come to life.”

Madison Group’s future plans are as ambitious with numerous highrise projects in the works with emphasis in the midtown and downtown neighbourhoods.

UPARK

uPark is the most recent addition to the Madison Group portfolio, an innovative and growth-oriented city parking company that changes the way you park by providing quick and easy access to parking lots throughout the city. For more information and to find the nearest parking lot location, visit uParkCorp.com or follow uPark @uparkto.

ART

Madison’s commitment to curated lifestyles goes beyond designing and developing value rich properties. Community revitalization and involvement is a major focus for Madison. Collaborations with various local and international artists will soon take corporate responsibility to a new level, adding value and interest to neighbourhoods. For instant access to information on upcoming events and developments follow @madisonhomes or visit the website.

MADISON GROUP
MadisonGroup.ca

Frenchman’s Bay

Located at 1635 Bayly Street, Pickering, the Sales Centre is open Monday to Thursday from noon to 7 p.m., Friday by appointment, and Saturday, Sunday and holidays from 11 a.m. to 6 p.m.

905.839.0038
MadisonFB.com

NuTowns

Register today to receive the most up-to-date priority information for this highly anticipated project.

NuTowns.ca

Cornell Rouge

For more information about the upcoming release please register online.

905.472.7667
MadisonCornell.com


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