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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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NEIGHBOURHOOD WATCH: Markham

Markham: The city has grown up

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Markham: The city has grown up

by Gale Beeby

Housing Options

What was once considered a suburb of Toronto, Markham’s housing options were primarily single-family detached homes, both in new subdivisions and heritage villages. But the city has grown up and is now offering any number of condominium and townhouse developments.

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.

Click here to see a list of condo developments for sale.

Leisure Pursuits

The Markham Museum offers a variety of buildings representing the continued growth of the city, including mills, businesses and family homes. There are 30 buildings on the 25-acre site, including the James Maxwell Log Cabin (1850), the Ninth Line Baptist Church (1848), the Wilson Variety Hall (1875), the Locust Hill Train Station (1936), the Acadian Train Car (1921), the Blacksmith Shop (1862) and the Cider Milll and the Saw Mill.

The Flato Markham Theatre offers over 300 live performances each year, showcasing the wide cultural diversity of the city.

The Varley Art Gallery encompasses the historic Kathleen McKay house (1840), which was the home of Group of Seven member Frederick Horsman Varley for the last 12 years of his life. Now measuring 15,000 square feet, the gallery is the second most popular tourist attraction in York Region.

Parks & Rec

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

The largest park in Markham 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. The park is a stop-off point for many migratory birds. Mount Joy Park is over 16 acres and has an outdoor ice skating rink adjacent to a community centre.

Toogood Pond is an 82-acre park that features a partially naturalized pond and marsh. The pond recently underwent revitalization, including sediment removal, restoration of the shoreline and the planting of native trees, shrubs and wildflowers.

Retail Therapy

Downtown Markham offers some of the best shopping in the GTA, with great little restaurants, cafés and boutique stores.

Markville Shopping Centre is currently the largest mall in Markham with over 160 shops and services. But the Pacific Mall – the largest Chinese indoor mall in North America – is a must for anybody looking for a bargain, with over 500 shops and services. It incorporates a traditional Asian-style market with over 450 mini shops selling everything from herbs, Asian fashions, flowers, accessories, cellphones, eyeglasses and computers.

Easy Access

Public transit in Markham is provided by York Region Transit/Viva, which connects with all nine York Region municipalities, as well as connecting with transit services in Toronto and the Region of Peel. GO Transit also serves Markham with train and bus service, taking riders to a variety of locations in the GTA and beyond.

Markham also has easy access to Highways 404 and 407 and the DVP.

BY THE NUMBERS

Walk Score: 47

Population: 329,000

Motto: Leading While Remembering


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