New & Pre Construction Condos In Markham
Why Should You Invest In Markham Real Estate?
New Condos & Pre-Construction Condos in the Greater Toronto Area, including Markham, have a lot to offer their purchasers. They are abundant to the point where it is almost impossible to find available stock without waiting for at least two years. There is an abundance of condominium buildings on the market all over Greater Toronto area and many of them are selling for more than $200,000 per unit.
Markham Real Estate:
Investing in Markham real estate offers a lot of benefits. What you’ll notice first is that there’s a lot of space with the new condos. They offer open layouts, and all the latest modern conveniences.
The best part about these new units is that they are very easy to maintain. Not only do they come with amenities like swimming pools, gyms and clubhouses, but they also have on site superintendents who do all of the cleaning and maintenance for you.
Markham was also selected as one of the Top 5 Best Places to Retire in the World. The Greater Toronto Area includes six urban areas. These include:
Toronto, Mississauga, Scarborough, Ajax, Pickering and Whitby. All of these areas offer a great quality of life along with a wide range of homes for sale. This means you’ll have a lot more choices than you would expect for your money.
Average Condo Price for Markham in 2021
The average condo price for Markham in 2021 is $211,905. This is a $22,105.00 or 11.69% increase from the average listing price of $189,800.00 in 2020. The average freehold price in 2021 for Markham is estimated to be $507,482.00 based on today’s market prices and an estimated resale value of 90%, which means this property could be worth buying even without considering any upgrade costs or the price per square foot value.
If you are looking to invest in properties with good returns, this is a great place to start. Condos for sale in Markham can be found in all price ranges. The price per square foot of the average condo for sale in Markham is $226.72/sqft, which is above the average price per square foot of $183.23/sqft within the city of Markham and considerably higher than the average price of $128.48/sqft for condos throughout the province of Ontario.
This means that when buying a condo in Markham for sale, you are getting more square feet of living space for the price than with any other city in the city.
Markham real estate is booming. If you’re looking to invest in Markham real estate and make a great return, then you’ve come to the right place. You will be able to find many new condos for sale as well as pre-construction condos.
Markham is a community in the Greater Toronto Area of Ontario. It has been ranked as one of the best places to live in Canada and among “The Top Five Best Places to Retire in the World”. Markham has a population of approximately 20,000.
Markham is located about 25 km west of Toronto. According to Wikipedia, Markham has been and continues to be a bedroom community since its inception.
Markham was originally known as Mooretown which is named for one of the partners in the Anglican Church in Markham Township. In 1835, Mooretown’s name was changed to Markham Township.
In the past few years, several condominium buildings have been developed and construction continues at a fast pace.
Markham is showing that investing there might be a sensible decision right now. The average price for Markham real estate right now is $211,905.00, so if you’re looking to make a return on your investment then there’s no better place than here. There are many other benefits to investing in Markham. The city offers many recreational activities and has an abundance of facilities and services. Markham does not suffer from high crime rates compared to Toronto. The city’s crime rate is very low and the quality of life is very good, so investing in Markham real estate might be a great move for you if you’re looking for a place to settle down.
If you want to invest in Markham real estate, then there are many pre-construction condos that you can choose from.
Markham Accessibility / Getting Around
Markham is very accessible. There are many highways and arterial roads in the city. The highway 400 passes through Markham and connects it to the GTA. There are also two GO trains that connect to the city which makes it very easy for commuters to travel in and out of Markham from Toronto, Vaughan, Unionville, etc.
Markham Transit provides local transit service throughout the city. There are also several taxi services which make travelling to and from the city very easy.
There are many new condos for sale in Markham which makes it an attractive place to invest in. So if you’re looking for a great place to live, then there’s no better place than Markham.
Markham has a lot to offer. It is very affordable to purchase and maintain. So if you’re looking for a place to live or invest, then consider Markham real estate. It doesn’t get any better than this!
Markham is located about 25 km west of Toronto and offers an abundance of recreational facilities. If you’re looking for new condos for sale in Markham, then there are many options available in the city. The city has numerous residential communities, including the Brant Manor Village area and north east sections.
There are numerous high schools, including:
Markham District High School, St. Augustine Catholic Secondary School, Saint Raymond Elementary School, Sir Wilfrid Laurier Catholic Secondary School, Markham District Middle School and Brock Hall Upper Junior & Senior Public School. Markham is also home of Upper Canada College, a private school for students from JK to Grade 12.
There are many great restaurants and shops in Markham. One of the most popular restaurants is Thai Express at Main and Steeles Avenue East.
There are also various shops in Markham, including: B&M Bargains, Dollarama, Five Points Grocery & Variety, Home Hardware Building Centre and others.
Markham has numerous public parks which makes it an attractive place to live for families with kids.
Which area in Markham should I invest in pre-construction condos?
To find out which area in Markham you should invest in, contact your real estate professional. You just need to tell them your preferences and the type of property you are looking for, and they will help you decide which area of Markham is best for that.
If you’re looking for new condos for sale in Markham, then there are many options available in the city. The city has numerous residential communities, including the Brant Manor Village area and north east sections.
The average price of a condo for sale in Markham is $207,276 which is around the same price with Toronto condos.
If you’re looking to invest in condo real estate then you might consider Markham real estate as an attractive place to invest your money in Canada.
There are many pre-construction condos in Markham that you can choose from. To get a list of the best new condo projects currently available for sale in Markham, use the contact form and we will get back to you.
If you want to find out more about pre-construction condos or new condos for sale in Markham, then send us a message via our Contact Us page.
What is interim occupancy?
Interim occupancy is an option if you are looking to purchase a pre-construction condo. With interim occupancy, you would be able to move into new condo during the build phase and stay in your interim home for up to 12 months.
The construction period is usually 24 months, but the time can vary based on different projects. However, once the construction phase is over, then it will take another 6-12 months before the property will be handed over from your developer/builder and a closing date can be set with your current real estate agent or lender.
According to the Condominium Act, a buyer can sometimes move into their suite before construction is complete . Depending on the developer, the time period for this option is regulated. (see section 15).
How do I benefit by investing in pre-construction condominiums?
There are a lot of great benefits when you invest in pre-construction condos. You will save money because pre-construction condos are usually priced lower than the price of new-built properties. You’ll also have more time to think about what upgrades or changes you want in your home before they are built. What’s best for you is to contact your preferred real estate agent and find out all the details about purchasing, registering and building process for pre-construction condos in Markham.