Markham is the hot spot for major developments

York University, in collaboration with Seneca College, will open a new campus that will accommodate approximately 4,400 students and be situated at the Markham Centre in the City of Markham. Meanwhile the plan for the Buttonville airport re-development was announced. The project will include up to 1.2 million sq. ft. of retail, commercial, restaurant and entertainment space; 2.6 million to 4.4 million sq. ft. of office space accommodating roughly 22,000 jobs, and 3.2 million to 3.6 million sq. ft. of residential space. King Square is another mega project being developed in Markham. It will potentially be North America’s largest Asian mall and will include 300,000 sq. ft. of retail, two 11-storey buildings, one 11-storey luxury hotel and a roof garden that could potentially stretch for 3 acres. Looking at the market stats, the year over year median sale price rose 21% to $898,000 in October 2016 from $743,000 in October 2015.