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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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EDITOR'S CHOICE: Madison Group

EDITOR’S CHOICE: Madison Group

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EDITOR’S CHOICE: Madison Group

Live by the lake at Frenchman’s Bay in Pickering

With the GO train offering a short 37-minute commute from Pickering to Union Station and a four-minute walk to the lake, Frenchman’s Bay by Madison Group is set to attract the Toronto professional looking for affordable lakeside living with all of the area’s conveniences, including quick access to Highway 401 and great restaurants and shops in Nautical Village along Liverpool Road.

“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 David Singer in a recent interview with the Globe and Mail.

Frenchman’s Bay offers a superb range of natural, recreational, heritage, arts and cultural attractions for residents and visitors. 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.

Frenchman’s Bay will feature 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. The spacious interiors feature nine-foot ceilings on the first floor, smooth ceilings throughout and beautifully appointed kitchens with a choice of quartz or granite countertops, upgraded cabinetry and a spa-like master ensuite with a freestanding tub. Single-detached purchasers will be able to further customize their new home at the Madison Decor Studio with a generous bonus offer.

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. As a special bonus feature, all townhome purchasers can take advantage of a stainless steel kitchen appliance package that includes a slide-in stove, a dishwasher, an over the range microwave and an impressive French door refrigerator.

MADISON GROUP
Frenchman’s Bay

Located at 1635 Bayly St., 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


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The Penthouse Collection at Nobu Residences Toronto

The Penthouse Collection at Nobu Residences Toronto

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The Penthouse Collection at Nobu Residences Toronto

Madison Group introduces Canada’s first Nobu branded highrise residences

The recently launched Penthouse Collection at Nobu Residences Toronto, has been greeted with much anticipation and success following the initial opening of the dynamic project featuring the first Nobu branded highrise residences, and Canada’s first Nobu Hotel and Nobu Restaurant.

Nobu Residences Toronto launched this summer during a press conference attended by Nobu Hospitality principals Chef Nobu Matsuhisa, Academy Award winner Robert De Niro and Hollywood producer Meir Teper. The chic lifestyle project will feature 660 condominium residences in two dramatic 45-storey towers designed by acclaimed Toronto-based, Teeple Architects and interior design firm, Studio Munge. This development will transform Mercer Street in the heart of Toronto’s entertainment district.

The Nobu Penthouse Collection will reside in the top five floors of the east tower, with breathtaking city and lake views. Purchasers can select from a variety of three-bedroom layouts, ranging in size from 856 to 1,500 square feet.

All penthouse suites will feature 10-foot ceilings. Thoughtfully selected interior finishes by Studio Munge will feature engineered hardwood flooring throughout, a premium selection of marble or granite kitchen countertops and backsplash, and Miele kitchen appliances.

“The anticipation Torontonians have for Nobu Residences Toronto is very exciting,” said Josh Zagdanski, vice president – highrise, Madison Group. “Since pre-construction sales began, inquiries about the Nobu Penthouses have been non-stop. Anyone who has experienced the Nobu lifestyle knows that these residences will be very special, and we are thrilled to unveil them.”

Residents will have access to the fabulous amenities, including outdoor Nobu Terrace and Nobu Fitness Centre which are connected by a two-storey glass atrium that is anchored by a reflective water feature surrounded by state-of-the-art fitness equipment. Other amenities include a yoga studio, spin studio, wet steam, dry sauna, hot tub and cold plunge and a private massage room.

In keeping with the Nobu Lifestyle, there are private Nobu Villas which are an extension of one’s living space and are designed to entertain your guests in lounge areas with fireplaces, large screen TVs, billiards tables and are connected to the chic outdoor terrace, featuring barbecue prep decks.

Nobu Residences will also feature a private screening room, conference room and a private dining area with chef’s table. Other conveniences include a bicycle elevator with direct access to bicycle storage and a dog spa located in both the east and west residential lobbies.

“For many years we have searched for the perfect opportunity within Toronto to create a true luxury lifestyle destination befitting the acclaimed global city of Toronto and our international brand,” said Trevor Horwell, CEO Nobu Hospitality. “We are truly excited to announce Nobu Residences, Hotel and Restaurant Toronto which we are crafting to be a game changer in residential living in Toronto and beyond.”

Those interested in the Nobu Residences Penthouse Collection are encouraged to visit the Sales Gallery, located at 10 Mercer Street, or visit the project’s website.

NobuResidences.ca


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