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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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Minto Communities and Metropia launch Union Village in Markham

Minto Communities and Metropia launch Union Village in Markham

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Minto Communities and Metropia launch Union Village in Markham

Minto Communities and Metropia have launched Union Village, the master-planned community, to resounding success in Markham. The initial phase one launch saw more than 330 homes – a mix of single-family homes, back-to-back townhomes, rear-lane and traditional townhomes – sold over a four-day period.

In addition to its prime location, Union Village features a variety of attractive architectural options, abundant greenspace with family-friendly and active living amenities, and every residence benefits from fundamentals of feng shui and the crowning green features of Minto Communities’ commitment to sustainability.

“The success of Union Village really speaks to the quality of the project at every facet,” says Peter Maleganovski, director of land development, Minto Communities. “We knew designing a community in the centre of a municipality like Markham would demand excellence in design and expert planning for residents. It was essential for us to emphasize the beauty of the natural surroundings and create communal spaces for families to gather. We’re so glad purchasers have responded so positively to Union Village and are excited to release more residences in our later phases of launch.”

Union Village comprises two parcels of development, split down the middle by the Bruce Creek. Maximizing on the stunning natural landscapes of the area, Bruce Creek and its valley are being restored and included as part of an extensive pedestrian and cycling trail system which provides residents with access to Main Street within approximately 20 minutes. Union Village also features preserved wetlands, several new parks, playgrounds, and the incorporation of a century-old Bur Oak tree as a park focal point and gathering place for community members.

Union Village is located in the heart of Markham and within walking distance to the charming heritage village Unionville. Retail, restaurant and cultural amenities are all close by, with nearby community centres and libraries, top-performing schools, exciting events and entertainment options. Historic Unionville offers a charming, small town sentiment, with numerous attractions to revisit Markham’s past.

Union Village offers a wide range of housing types, giving residents the opportunity to select a home that best suits their lifestyle. Home sizes range from 1,267 to 4,508 sq. ft., in architectural styles such as French, Second Empire, French Country, Period Revival/Tudor, Canadiana, Modern and West Coast Contemporary. All interior floorplans have been designed with input by feng shui master, Paul Ng.

In addition to the consistency of unique interior layouts which feature ideal energy flow, residents still can customize their interiors by selecting the features and finishes of their choice through the Minto Communities Design Centre. Sustainable features within homes include Energy Star for New Homes certification, LED lighting, water efficient fixtures, low VOC paint and Green Label Plus-certified carpeting for indoor air quality.

minto.com


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