Markham is also known as ‘’Silicon Valley,” in the North region and it is acknowledged as the High-Tech Capital of Canada.
This is due to its concentration of high-tech and life sciences companies, of which over 1,100 are Fortune 500 businesses. This is home to various organizations that are resolved to innovative work, pharmaceuticals, communications, assembling and conveyance, gadgets, PC programming and medicinal services. It is home to many Canadian industry leaders.
The city has a desire to control urban sprawl by requesting higher density for new condominium development. The city’s plan calls for more development along Highway 7 and northward toward the farm. Markham has brand new subdivisions today, multi-level condominiums being developed and constructed and sold at a rapid pace.
Average Condo Price
The average list price of condos for sale in Markham is $512,500 while the average sold price is $528,944. The buyer gets higher price than the asked one by 3.2%. The number of condo sale in January 2020 is 74. As of today, Markham condo data shows median days on market for a condo is 10.5 days. The price of 2-bedroom apartment from January to 5 February was $614K about 10% greater than the previous year. While the 3-bedroom apartment price has raised by 42% from 2019 which is $851K in 2020. Due to higher prices it is ranked as 11th most expensive area in GTA.
Best Areas to Buy Condos:
Pavilia Park Towers 2 is a new condo development by Times-Group-Corporation located at Highway 7 and south park Road, Markham. Expect luxurious and modern suites as this development has become an in-demand living space for those who are drawn to the paranormal Thornhill lifestyle. Enjoy the spectacular view from your suite at Pavilia Park Towers and enjoy majestic views. The lush green parks and trails of the York area make this community a great local for someone who enjoys the outdoors as there are many green spaces in the area. If Go transit is your preferred mode of transport, Langstaff Go Station is an 8-minute drive from South Park Road and Highway 7. Going around by car is also a breeze as on Highway 7, 404, and 407 are conveniently located nearby.
Not to mention, York University and Seneca College students can arrive on campus in just 15 minutes through the TTC’s new Line-1 expansion. You can buy a condo in the range from $ 457,500 – $ 998,100 and come here in 2021.
Vanguard Condos is a new condo development located at 7089 Yonge St, Markham. This condominium has 25 storeys. Suites range in size from 522 square feet to 1,379 square feet. Amenities include theater room, outdoor terrace, rooftop garden, fitness center, media room, guest suite and more. Residents may proceed in spring 2020, with prices ranging from $ 839,990 to $ 2,118,990.
Riverview Condos is a new condo development by the Times-Group-Corporation located in Birch-Mount Road & Highway 7, Markham. Riverview condos are a great place for young and growing families to call home. There are high-ranking schools in the region, from nursery and Montessori to secondary. A campus of York University is also going to open in September 2021. Its price range is small, from $ 705,400 to $ 812,400.