Markham Sees New Growth

The proposed York Downs Golf Course redevelopment on the former York Downs Golf Course site along 16th Ave between Kennedy Rd and Warden Ave is one of the biggest stories in the GTA. The current development proposal will offer approx. 2421 units: 1087 single detached homes, 597 townhomes, 151 stacked townhomes, 76 back-to-back townhomes, 300 mid-rise condo units and 210 mix-use units on a roughly 416 acre site. Developers are set to put forth a Revised Development Proposal at a meeting this month at the Markham Civic Centre. If approved, the proposed York Downs Golf Course redevelopment will also include a woodlot and an elementary school block. Phase 1 is currently scheduled to be built adjacent Kennedy Rd with additional phases being scheduled to follow in 2020.

Median price for all home types in the City of Markham in July 2017 $875,000, and $886,500 for July 2016. At the same time, there were 303 sales for the month, down from 539 in the spring, with 1044 active listings. The average number of days on market is 16 days.