All About Markham

Markham, Ontario, is a vibrant and rapidly growing city just north of Toronto. Known as Canada’s high-tech capital and one of the most diverse communities in the country, Markham offers a unique blend of innovation, culture, and opportunity. Here’s a detailed look at the city’s population, demographics, economy, major developments, and key facts.

Source: StartupBlink

Population

As of 2025, Markham’s population is estimated at 346,331 residents. Spread across roughly 212 square kilometers, the city has a population density of about 1,605 people per square kilometer. Markham has experienced steady growth, with an annual increase of around 0.57%. The 2021 Census recorded 338,503 people, up from 328,966 in 2016, reflecting its ongoing appeal as a residential and business hub.

 

Demographics

Markham is one of Canada’s most multicultural cities. The population is relatively young, with a median age of about 42 years. The working-age group (15-64 years) comprises roughly 66% of residents, children under 15 make up 16%, and seniors 65 and over account for 18%.

Diversity is a hallmark of Markham. Nearly half the population identifies as Chinese, alongside significant South Asian, Black, and Filipino communities. Over 65 languages are spoken, making it a rich cultural mosaic. The average household size is about 3 people, with a mix of housing types including single-family homes, townhouses, and condos.

 

Economy

Markham is famously known as Canada’s high-tech capital. It hosts over 10,400 companies, including more than 400 Canadian head offices. Key industries include technology, life sciences, finance, manufacturing, and professional services. The city’s strategic location within the Greater Toronto Area and a skilled workforce continue to attract investment and foster business growth.

The median employment income for residents aged 15 and over is approximately $34,800, with an average total income near $53,950. Markham’s economic development focuses on innovation, sustainability, and supporting local businesses.

 

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What’s Happening: Major Developments

Markham is transforming rapidly with several exciting projects:

• Downtown Markham Expansion: This 243-acre urban center is growing with new residential towers, retail spaces, offices, and cultural venues. Recent proposals include five new towers adding over 2,000 residential units and a central park.

• Kingdom Development: Located east of Birchmount Road on Highway 7, this project includes towers up to 42 storeys, bringing thousands of new residents.

• Markham Innovation Exchange (MiX): A 1,920-acre employment area designed for research, training, and production facilities to boost tech and manufacturing.

• Sustainability Initiatives: Projects like Markham District Energy and the Wastewater Energy Transfer (WET) Project promote green energy and reduce environmental impact.

• York Downs Golf Course Redevelopment: Plans for over 2,400 new residential units, parks, and schools in a new community.

 

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Facts About Markham

• Markham is the most ethnically diverse community in Canada and one of Ontario’s fastest-growing cities.

• Named after William Markham, Archbishop of York.

• Home to over 10,400 companies, including tech giants like IBM, AMD, and Huawei.

• Features over 207 sports fields, 126 soccer fields, and 12 golf courses.

• Downtown Markham is a modern urban hub designed for lifestyle and employment growth.

• Recognized for fiscal management and sustainability efforts.

 

Why Choose Markham?

Markham offers a thriving economy, rich cultural diversity, and a high quality of life. With its strong job market, excellent schools, and ongoing urban developments, it’s an ideal city for families, professionals, and entrepreneurs alike. The city’s focus on sustainability and innovation ensures a bright future for residents and businesses.

 

FAQs 

1. How many people live in Markham?
About 346,000 residents as of 2025.

2. What industries dominate Markham’s economy?
Technology, life sciences, finance, manufacturing, and professional services.

3. How diverse is Markham?
Over 65 languages are spoken; nearly half the population is of Chinese descent.

4. What are major new developments in Markham?
Downtown Markham expansion, Kingdom Development, and York Downs Golf Course redevelopment.

5. What sustainability projects does Markham have?
Markham District Energy and the Wastewater Energy Transfer Project.

6. Is Markham family-friendly?
Yes, with great schools, parks, and community amenities.

 

 

Disclaimer: The content above is a compilation from diverse reliable online sources, including blogs and news articles. The Homebaba.ca content team does not ensure the factual accuracy of the information. The provided information may be outdated, and it should not be considered as advice or a recommendation. It is advisable to consult with a licensed real estate agent or broker for accurate advice and recommendations.