Are you thinking of buying a condo in Markham? If so, you’re definitely thinking in the right direction. Located 30 km (19 mi) to the north-east of Downtown Toronto, Markham evolved into a city from a town in 2012. Thanks to rapid economic and infrastructural development, the city has expanded its horizons and become 16th largest city in Canada.
The real estate market of Markham has been booming for quite some time, and the condo market has played a massive role in that. Markham has been a leader when it comes to the condominium market in the country and has been one of the most preferred locations of businesses as well as homebuyers. So much is the demand for condos in Markham that people have had to go to bidding wars or wait for buying condos.
Condos have been a real driving force in the real estate sector of Markham, contributing 41% of the property sales within the city. The new condos in Markham boast bountiful of luxurious amenities that take your living experience to a whole new level.
From the investment point of view, buying a condo in Markham is undoubtedly a decision you won’t regret. In the past year alone, the average condo price in Markham has risen by 23.76%. If this doesn’t sound like a good return, we don’t know what would!