Planning home ownership in 2024? The real estate landscape in Markham and the Greater Toronto Area holds exciting elevations for modern homebuyers. From the timeless appeal of urban heritage construction to smart home technology to enhance your day-to-day, let's explore the core trends influencing new constructions and the real estate scene in Markham and the GTA.

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High Demand for Urban Living

The allure of urban living remains a driving force in the Markham and GTA real estate market. As employment, cultural hubs, and diverse community amenities continue to thrive in urban centers like downtown Toronto, the demand for properties near these attractions will remain high in 2024. Homebuyers and renters will likely seek residences seamlessly blending urban convenience with a vibrant lifestyle.

According to RE/MAX's York Region Housing Market Outlook (2024), the most desirable neighbourhood in the York region remains Markham, with a championing interest in 1 + 1 den condos in the $600-$900s. Set to begin construction in spring 2024, 46 on Main offers the best of Main Street Markham's historic landscape with an exclusive selection of boutique units still available.

Explore RE/MAX's York Region Housing Market Outlook (2024) in more detail.

A Move Towards Smart Home Technology

Modern lifestyles call for homes that are no longer just spaces but intelligent ecosystems. A surge in cutting-edge smart home features allows you to enhance your home to effortlessly adapt to your needs—energy-efficient designs, intuitive automation systems, and security protocols that redefine modern living. From AI-driven climate control to immersive entertainment hubs, the latest elevations in smart home technology are transforming new constructions' sleek and smart-home-savviness.

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Boutique Living Adaptation & Remote Work

The rise of remote work has significantly influenced housing preferences. Boutique living, known for its personalized and exclusive appeal, adapts to the changing needs of residents seeking homes integrating with their professional lives. Condos have piqued the interest of modern professionals and lifestyle enthusiasts with luxury building amenities catering to at-home work demands and the need for an active lifestyle.  

Explore how boutique living at 46 on Main provides a harmonious work-life balance with an exclusive fitness suite, rooftop patio and barbeque area, private meeting rooms, and more.

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Accessibility & Cultural Amenities

With an ongoing focus on enhancing transportation infrastructure, transit-oriented developments (TODs) near GO Stations and the TTC will prevail in 2024. Properties near transit hubs or significant transportation corridors will continue to be in high demand.

Beyond the home's confines, residents seek properties that provide access to cultural amenities, recreational spaces, and vibrant communities. Discover how developments incorporate cultural attractions, parks, entertainment venues, and dining options to create a well-rounded living experience that keeps residents connected.

Ready to explore Main Street Markham in more depth? View our neighbourhood guide here!

Affordability Measures

Affordability remains a crucial consideration in the real estate market.

Developers like Eringate Homes are making waves in the GTA market dynamic with featured capped developer costs and a 2.99% fixed mortgage rate for your first year at 46 on Main.

Partnering with a responsible leader in GTA property development is a core influence on affordability and property trends in Markham and the GTA.

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Future-Proof Your Investment

With the elevations and demands of GTA real estate, builders and homebuyers are encouraged to make intentional moves to increase the value of the overall buying and living experience.  Future-proof your investment by making a well-connected area your non-negotiable.

The increasing demand for urban living in the GTA and proximity to cultural centers challenge new constructions to cater to diverse preferences and a harmonious hybrid work-life balance. With many new developments in the GTA to call home, the Toronto real estate scene predicts a year of sophistication, connectivity, and transformative trends for builders and homebuyers in 2024.