2011 Census • The GTA’s population is projected to increase by more than 44 per cent — to 9.2 million people — over the next 25 years. • The 905 regions in particular have seen explosive growth over the past few years. • Markham is one of the fastest growing municipalities in Ontario, home to over 310,000 people covering 212 square kilometres of land. Markham is known as one of the most multicultural communities in the Greater Toronto Area.
Growing up By the numbers $15 billion: Expected cost of gridlock per year by 2031 (Board of Trade) 9.2 million: Projected GTA population in 2036 (Ministry of Finance) 25: Number of urban growth centres in Greater Golden Horseshoe Region 70% + : Number of people living in buildings of at least 13 storeys in Toronto and other intensified areas within the GTA
Markham is one of the Fastest Growing Municipalities in Ontario People want to live close to where they work Markham is the “High-Tech Capital of Canada”. Apple, ATT, I.B.M., and Toshiba, are just some of the multinational companies that have corporate offices here. Honda Canada, American Express Canada, Td Waterhouse and Allstate Insurance all have headquarters in Markham.
Markham is one of the Fastest Growing Municipalities in Ontario The New GTA Centre: Will Host NHL games and could rival the Air Canada Centre for major events, including concerts and sports games.
Markham also has plans to create the first transit-pedestrian mall in the Greater Toronto Area and a world-class mixed-use urban centre with businesses, residences, shops, restaurants, theatres and a 10-acre park.
York Region’s exciting plan to bring true rapid transit to Markham • A new network of bus rapid transit, subway extensions and light rail transit will create a rapid transit system that will make it easy to travel in and around York Region and connect to other transit systems across the Greater Toronto and Hamilton Area.
Who Is Buying Markham Condos? • Affluent immigrants and foreign investors are lining up with the traditional buyers that include: empty nesters, boomers, and young professional couples and individuals • For end-users and renters alike, condo living in the 905 region is more of an alternative these days. More modern architecture and larger projects with better amenity spaces are attracting those buyers who like the idea of a maintenance-free lifestyle, but love the suburban life, too. Price is also a factor.
Toronto VS. The World Just how expensive—or not—is it to buy a condo in Toronto? The city sits at No. 15 out of 94 on the Global Property Guide’s ranking of the World’s Most Expensive Cities, based on average U.S.-dollar prices per square foot of centrally located condominiums (assuming a 550 square feet—one-bedroom unit): Price in Toronto: $385,000 CHEAP compared to… Monaco$3,056,270 London $1,194,000 Hong Kong $839,000 Tokyo $658,000 New York $615,000
From The Globe and Mail’s Report on Business: “Condos have become the de facto new rental supply,” says consultant Barry Lyon. That supply is much more expensive than old rental high-rises. Lyon and other analysts say that renters typically pay 50% more for a new condo unit than they would on rent for a comparable apartment in an aged building.