When was the last time you heard of a project that's in a prime location, under construction and only requires 5% deposit? Unioncity was the best selling project in 2023, and construction is well underway. There's only about less than 8% of total units left for sale, and Metropia is doing 5% deposit only for a limited time. Occupancy will be year 2028!
Looking at the location of Unioncity, it is right across the street to York University Markham Campus, steps to the GO Station, YMCA and the Pan Am Centre. It is so conveniently located, with easy access to highways, transit, shopping, entertainment, and education. There is a reason why Unioncity was sold out so quickly, Markham has very strong demand, and the market is very stable and upward trending.
Average Condo sales price for the past 10 years, year 2017 saw the most growth at 27%, and as tough as year 2024 is, it only dropped by 6%. Whereas the rest of the Toronto seeing 10% drop.
See below a comparable market of Richmond Hill dropped 11% in 2024.
All in all, I think Markham is a very healthy market, with strong population growth, small businesses thriving and housing demand will continue to increase.
The 5% deposit give a great opportunity to secure a unit closing in 2028, with great leverage. If you are an investor, looking to allocate some investments into real estate, then should look no further than Unioncity. With just $50,000, a 2 bedroom can be secured!
Let's have a discussion on what's available and pricings!
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