Pre-Construction Condos and Homes in Markham
Downtown Markham, Unionville, Cornell, Angus Glen and Milliken: the projects selling now, builder inventory you can move into sooner, and how the HST relief to March 31, 2027 changes the math. Our head office is on Crown Steel Drive.
Where Markham is building
Markham’s new-home map has a clear shape. Condos and stacked towns concentrate along Highway 7 from Downtown Markham to Unionville GO and west toward Thornhill, around the Viva rapidway and the GO corridor. Townhomes and detached homes keep coming in the east and north: Cornell, Box Grove, Victoria Square, Angus Glen and the Markham Road corridor. Because we are based here, with more than 100 transactions in the Gallery Towers and Gallery Square community alone, we see builder inventory and incentives in Markham before they reach a price list.
The market in late 2026 favours buyers. GTA new-condo sales in September were the lowest for that month on record, inventory stands at about four years of supply, and benchmark prices are flat on the year. Many builders are offering extended deposit schedules, capped development charges, included upgrades and price adjustments, and the federal HST relief adds up to $130,000 on top. That combination is rare, and it has a date on it.
Some of the best pricing in this market is never advertised. Builders are selling blocks of suites to bulk purchasers and buying groups at negotiated prices, and those deals do not appear on price lists or launch emails. If you are buying more than one suite, or would consider joining a group purchase, say so when you register and we will show you what is available on those terms.
Transit: what is real
The Stouffville GO line serves Unionville, Centennial, Markham and Mount Joy stations with weekday service in both directions, and Metrolinx is upgrading the corridor for more frequent two-way trains. Viva rapid transit runs along Highway 7 in its own lanes. The 407 crosses the city, and the 404 is minutes from the west side.
The Yonge North Subway Extension to Richmond Hill, with a station at Langstaff next to Markham’s Thornhill border, is under construction with no confirmed opening date; Metrolinx has pointed to the early 2030s. York University’s Markham Centre campus opened in Downtown Markham in 2024, and Markham Stouffville Hospital anchors the east side. Buy on what runs today.
Markham projects we track
Projects on our books as of November 2026, grouped by home type. Status is the construction stage as last reported to us; prices, incentives and availability change weekly, so ask us for the current sheet before you compare numbers.
New condos and inventory suites
Downtown Markham, Unionville, the Highway 7 corridor and Thornhill.
New townhomes
Cornell, Milliken, Unionville, Victoria Square and the Markham Road corridor.
New detached homes
Cornell, Angus Glen, Victoria Square and northern Markham.
Not seeing a project you have heard about? Many Markham launches sell through a platinum or VIP stage before they are advertised. Register below and we will tell you what is open, including projects that are not listed here.
Where to buy in Markham
Six areas account for most new-home activity. Each buys you something different.
Downtown Markham
Markham’s urban core on Highway 7: Gallery Towers, the Remington master plan, York University’s campus, offices, restaurants and Viva. The deepest pool of new condo inventory in the city, including builder inventory suites you can close on in months rather than years.
Unionville
Historic Main Street, established streets, well-regarded schools, Toogood Pond and Unionville GO. New construction here is scarce and priced for it; resale demand has been steadier than almost anywhere else in York Region.
Cornell
East Markham’s planned community: connected streets, porches and laneways, townhomes and detached homes, Cornell Community Centre and Markham Stouffville Hospital. Most of the city’s recent low-rise phases are here or next door in Box Grove.
Angus Glen and Cathedraltown
North Markham’s executive market around the golf course and the cathedral: larger detached homes, premium townhomes and the occasional condo. Lot and neighbourhood matter more than finishes.
Milliken and the Kennedy corridor
South Markham along Kennedy Road and Steeles: established, diverse neighbourhoods with Pacific Mall, good schools and quick access to Scarborough and the 407. New supply is mostly townhomes, including Kennedy Towns.
Victoria Square and Berczy
North of 16th Avenue: newer family subdivisions with parks, schools and townhome and detached phases still releasing, close to the 404 and Markham’s tech employment along Woodbine.
How a pre-construction purchase works
The same five steps, whether it is a $600,000 condo or a $1.5 million detached home.
Shortlist and pricing
We pull current price lists, incentive sheets and deposit structures for the projects that fit, including launches that are not advertised yet.
Worksheet and allocation
At launch, buyers submit a worksheet; allocations go to the brokerages with the strongest relationships. We submit yours and negotiate upgrades and incentives before you sign.
Agreement and cooling-off
Every new condo in Ontario has a 10-day cooling-off period. Your lawyer reviews the agreement and we check the deposit schedule, occupancy dates, development-charge caps and assignment terms.
Deposits and interim occupancy
Deposits go into trust in stages. On a condo you move in at interim occupancy and pay an occupancy fee until the building registers, then final closing happens.
Closing and HST relief
Land transfer tax, legal fees, development charges and utility hook-ups are due at closing. If you qualify for the HST relief, the builder normally credits it on the statement of adjustments.
Get the Markham project list
Tell us the home type, budget and timing. We will send the current price lists and incentives for matching Markham projects, including launches that are not public yet, and one of our agents will call to walk you through them.
Prefer to talk? Call 905-604-7200 or email sales@bigcityrealty.ca.
Frequently asked questions
What does “pre-construction” mean?
You buy the home before it is built, from floor plans, renderings and the builder’s specifications, and you take possession when it is finished. Deposits are paid in stages while it is under construction.
Is the HST relief real, and who gets it?
Yes. For a new home you will live in, with an agreement signed between April 1, 2026 and March 31, 2027, you can recover up to $130,000 of the HST (all of it on homes up to $1 million). It is for any buyer, not only first-time buyers, and the home must be built by the end of 2031. The builder usually credits it at closing.
How much deposit do I need?
Most new condos take 15% to 20% of the price in stages over the first year or two, with the balance on closing. Townhomes and detached homes vary by builder, often 10% to 20%. Deposits in Ontario are held in trust under the Tarion rules.
How long until I can move in?
Usually two to five years from purchase to occupancy, longer for high-rise. The agreement sets an outside occupancy date, and the builder can extend it within the Tarion addendum rules, so plan around the later end of the range.
Can I sell before closing?
Only if the builder allows an assignment, and usually for a fee. Since May 2022 assignment sales of new homes attract HST on the profit, so get advice before you count on it.
What is a bulk or group purchase, and can I take part?
A builder sells a block of suites, often ten or more, to one purchaser or an organised group at a negotiated price and deposit structure that is not published. In late 2026 this is where some of the deepest discounts in the GTA are. Groups are usually assembled by a brokerage; the pricing is confidential, and each buyer still signs their own agreement and gets the cooling-off period. Ask us what is open before committing to a public price list.
Do I pay extra for a realtor on a new-home purchase?
No. The builder pays the co-operating brokerage. You get your own representative to compare projects, read the agreement and negotiate the deposit structure, incentives and upgrades, at no extra cost to you.
What is a builder inventory suite, and why does it matter in Markham?
A finished or nearly finished suite the builder still owns, usually in a registered or soon-to-register building such as Gallery Towers. You see the real suite, close in months instead of years, often with builder incentives, and the HST relief still applies if your agreement is signed by March 31, 2027 and you will live there. Inventory moves quietly; ask us what is available.
Is buying pre-construction in Markham a good investment right now?
It depends on the project and the price you pay. Late 2026 is a buyer’s market for new homes in the GTA, with record-low condo sales, deep builder incentives and the HST relief. Markham’s employment base and school demand have kept its low-rise market firmer than the condo market; appreciation is never guaranteed.
Sources: Sept 2026 GTA new-home benchmarks (BILD and Altus Group, released Oct 2026): new condo apartment $1,031,574, unchanged from a year earlier; new single-family home $1,246,764, down 13.3% in 12 months. 949 new homes sold in the GTA in September, 52% below the 10-year average, with about 49 months of new condo inventory on the market. These are gross prices before the HST relief. GTA average resale price $1,006,409 in September 2026, down 5.1% from a year earlier (TRREB Market Watch, September 2026). Transit: Metrolinx Stouffville line and Yonge North Subway Extension project pages, 2026. York University Markham Centre campus opened 2024. Big City Realty transaction counts from our own records, Oct 2026. HST relief: Government of Canada, GST/HST New Housing Rebate expansion for agreements signed April 1, 2026 to March 31, 2027. Project information from builders and our own files as of November 2026; prices, incentives and availability change without notice. Big City Realty Inc., Brokerage. Not intended to solicit buyers or sellers under contract.