With York University well underway with plans to build a Markham campus, this article will explain what that addition to the city will mean for residents.
Markham real estate is already hot, but when you add a post-secondary school to the mix, the value of living in Markham is going to be astounding. Historically, city dwellers generally shunned the suburbs, wanting the ability to live, work and play all in one location. The suburbs meant they’d be sitting on transit or in their vehicle commuting to and from work and school.
Thriving Urban Centre
No longer the town of Markham, the city has grown out of the shadow of Toronto with places to live, work and play and soon enough, to learn as well. York University is expected to open the new Markham campus in 2020 and be home to approximately 4,000 students in eight fields of study. The state-of-the-art campus will offer innovative opportunities for learning as well as workplace-based learning at some of Markham’s many businesses.
What will this mean for Markham residents?
The opening of the new York University campus will:
- Give residents of Markham more choices for living at home while attending post-secondary school
- Offer hundreds of on-campus job opportunities
- Allow Markham to establish itself as an urban learning centre, reaping those benefits
- Offer many opportunities to students to learn on the job because of partnerships with local businesses and thus graduates will find jobs in Markham after graduation
- Give an enormous economic benefits for the city due to the construction of the campus
- Bring students to the area, where they will spend money at local businesses
- Increase the value of homes for people as people will want to live close to the university
- Offer an opportunity for investment with rental income
Now is the best time to buy a Markham home
While York Region is already the fastest growing urban area, Markham will be seen as particularly valuable with the addition of the university. Markham home buyers are best to get into the market now, before the values skyrocket with the addition of the university. There won’t just be substantial opportunity for living in a fantastic and efficient urban centre, there will also be prime investment opportunities as these students will need somewhere to live.
I can help you in your search for the right Markham property, whether it is for your family or for investment. Contact me anytime to get the process started!.
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