Tag Archives: Kylemore

Markham is a hotbed of economic development and growth

Markham – a hotbed of economic development and growth

Latest News


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


SHARE  

Featured Products


Neighbourhood Watch - Markham

Markham is a hotbed of economic development and growth

Latest News


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 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 will cost you, however, as it has also become one of the GTA’s most expensive housing markets.

According to the Royal LePage Home Price Index for the fourth quarter of 2019, aggregate home prices grew two per cent year-over-year to $951,228, condos grew 4.9 per cent to $486,898.

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 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

9999 Markham Road by OnePiece Holding

Canvas on the Rouge by Flato Developments

Gallery Towers by Remington Group

Langstaff Gateway by Kylemore Communities

Panda Markham Condos by Lifetime Developments

Riverview by Times Group


SHARE  

Featured Products


Luxury Town Manors

Luxury Town Manors by Kylemore now selling in Markham

Latest News


Luxury Town Manors by Kylemore now selling in Markham

Kylemore Communities is offering a limited collection of luxurious three-storey Town Manors at Kennedy Manors in Unionville, Markham. Located within a highly desirable residential neighbourhood off Kennedy Road, just north of 16th Avenue, Kennedy Manors features a selection of 15- and 19-ft. wide rear lane designs and 23-ft.-wide traditional townhomes.

Combinations of brick, stone and stucco with covered front porches result in streetscapes of unparalleled appeal. Townhome layouts have three levels of superior living space with bright, open main floors and three or four bedrooms on the upper level where spacious master bedroom retreats are located. Larger layouts offer an additional bedroom on the lower floor. Luxury interiors include an abundance of upgraded finishes. Sizes range from 1,725 to 2,730, priced from $1.2 million. Construction is underway, so quick closing dates are available.

Kennedy Manors is located just minutes to Main Street Unionville, is convenient to Highways 404, 407, and two GO Stations, and close to Markham’s fine amenities.

kylemorecommunities.com


SHARE  

Featured Products