- Pre-Construction Condos
- BY CITY / TOWN
- BY OCCUPANCY
- BY CONDO TYPE
- BY DEPOSIT
Also known as Canada's high-tech capital, Markham is among those few cities that have shown impeccable growth potential in Southern Ontario. It's the 16th-largest municipality, which is home to several prominent tech organizations across the globe. With continuous development, Markham's growth charts project a massive transformation in the upcoming time.
This city is also known as The Silicon Valley of the North. It is home to several industry-leading companies committed to R&D. Be it population growth, employment opportunities, or centralized connectivity; there are diverse reasons to invest in this real estate.
The Markham area is blessed with a balanced combination of cultural heritage, charming environment, and fast-paced 360° growth. This place is identified as the Urban Growth Centre by the Province of Ontario's Places to Grow Act. It means the city is due for master-planned growth in the upcoming time. Markham will experience a massive demand for housings, and it's among the best spots for real estate investment.
Markham's real estate figures reflect the growth and higher ROI to everyone who seeks a versatile investment option. According to TRREB, the all type of homes’ average selling price has increased 10.15% in the year 2020. Particularly, the average selling price has increased 7.56% for condo townhouses.
Markham's average rentals are presently hovering around $2,300 with an appreciation of 3.5% for the past ten years. The demand for new condos in Markham is on the stronger side, with an excellent property vacancy rate of only 0.8%. The average resale value of all home types is around $917,693, with a growth rate of 6.9% for the past ten years.
Markham is not only about aggressive growth and land development; it is also closely knitted with various distinctive heritage surroundings. With the core motto of 'Leading While Remembering', Markham is surrounded by beautiful parks and rich heritage neighbourhoods. Residents can soak into the legacy culture of Unionville, which was founded in the 18th century.
As per the 2016 census, Markham's population was totalled 353,000, which was up by 17.4% compared to the previous census. The city has a substantial popular growth projection for the upcoming time as by 2041; the number will cross the mark of 535,000. It's a healthy growth of 51.6% over 25 years.
One of the prominent reasons to invest in a pre-construction condo in Markham is attractive employment opportunities. The 2016 census counted 167,500 jobs, and this number is expected to surge up to 269,000 by 2041. Several reasons contribute to the growth of the Markham area, which makes it an ideal investment decision.
It is among the most affluent areas of Toronto, with a higher average income than many nearby areas. This city has an average household income of $119,313 which is even higher than the Entertainment District, Toronto. In addition to these attractive numbers, one out of five households has an average income of over $150,000.
As more leading companies, including IBM, AMD, and Huawei, establish their offices in Markham, the demand for under-construction condos will grow with a shorter turnaround.
Prestigious education institution York University is planning to expand its full-fledged campus in this area which is already home to popular Seneca College. From the education perspective, Markham assures rapid development for its residents. Renowned Seneca International Academy was also established in 2020.
Markham is connected to various neighbourhood areas of GTA including Vaughan, and Richmond Hill. Taking a tour around this area feels like enjoying a ride down memory lane with local cafes, antique shops, art galleries, and much more. The peaceful community vibes welcome you with enthusiasm once you step into this city.
Residents have plenty of commuting options that connect to other areas in a faster manner. The local transit links the residents with all the nine municipalities, making it convenient to travel around the GTA.
Viva transit service is a fast and flexible way to travel comfortably across GTA, including Newmarket, Richmond Hill, Aurora, and Vaughan. Along with this, commuters can also take advantage of the Toronto Subway System and GO Transit for a hassle-free journey.
It's the right time to invest in Markham condos for a higher ROI. Get in touch with Conquer Condo, and our expert consultants will walk you through all the benefits. Call us at 6478126544 or mail at [email protected] to know more. At Conquer Condo, we help you identify the best investment options and make the entire process quick and straightforward for you.