The Short Answer
Less than the headlines suggest, and most of it is a target rather than a promise. The one project with a public 2027 completion target is UnionCity, the Metropia community at 15 University Boulevard, where the developer has pointed to late 2027 for its first tower. IndyCar returns for the second year of a five-year deal, with the 2027 date not yet announced. The York University Markham Campus is already open. Pangea is marketed for occupancy in 2028, and the proposed Markham Centre elementary school is planned for September 2028. The Highway 7 bus rapid transit extension and the updated Markham Centre Secondary Plan have no confirmed 2027 dates.
Want this applied to your own property? Call the Kaizen Real Estate Team at (647) 370-8885.
Why Markham Centre Gets So Much Attention
Markham Centre is the area around Highway 7, Warden Avenue, Kennedy Road and the Unionville GO station that the City has planned for decades as its downtown. It is where most of Markham's new high-rise homes, its university campus and its largest public event space sit. When buyers ask what is "coming," they usually mean one of three things: new condos they can move into, amenities that change daily life, and transit that could change values.
Michael John Lau, a REALTORĀ® with the Kaizen Real Estate Team, one of the most active real estate teams in Markham and York Region, sorts every Markham Centre announcement into three groups before a client makes a decision around it: open now, under construction with a stated target, and proposed or in planning. Only the first two belong in a buying plan.
Questions About Your Situation?
Every Markham property and every timeline is different. Call the Kaizen Real Estate Team at (647) 370-8885 and speak to a REALTORĀ® who works this market daily.
What Has a 2027 Target
UnionCity by Metropia
- Location: 15 University Boulevard, near the Unionville GO station and Enterprise Boulevard.
- Timing: At the April 2024 groundbreaking, the developer targeted the fourth quarter of 2027 for the first tower, with the final phase in 2028. Earlier trade coverage said fall 2027. Treat both as targets; high-rise occupancy dates in Ontario often move.
- Size: Published unit counts differ between sources, so confirm the current figures with the builder's sales team before relying on any one number.
If you bought at UnionCity, the first date you will actually live with is your occupancy date, which can come well before the building registers and your purchase closes. The difference between occupancy and closing explains what you pay during that gap.
IndyCar at Markham
The first race on the Markham Centre street circuit ran on 16 August 2026 under a five-year agreement. A 2027 race is expected under that agreement, but the date had not been announced at the time of writing. For nearby owners, the practical effects are the road closures and visitor traffic around race weekend, not a lasting change in home values.
What Is Already Here
Project | Status | What it means |
|---|---|---|
York University Markham Campus | Open; officially opened November 2024 | Designed for about 4,200 students. Rental demand from students and staff is already part of today's market, not a future boost. |
Gallery Towers | Move-in ready | Current new-condo inventory, priced against resale today. |
Unionville GO station | Operating | The anchor for most of the planned density around it. |
Neeraj Moolchandani on Reading an Occupancy Date
Neeraj Moolchandani, REALTORĀ® at Kaizen Real Estate, reads the occupancy section of every pre-construction agreement before a client relies on a marketing date.
The first tentative occupancy date and the date a buyer actually moves in are often different, and the agreement sets out how far it can move. Neeraj helps clients plan around the outside date, not the brochure date.
What Is Planned, Without a 2027 Date
Project | Stage | Timing |
|---|---|---|
Pangea | Marketed pre-construction condo | Occupancy marketed for 2028; some online sources still say 2027 |
Markham Centre Elementary School (York Region District School Board) | Proposed, with a boundary review | Planned for September 2028, capacity about 638 students |
Remington Block 12 (Enterprise Boulevard and Rivis Road) | Unveiled in July 2025 | No construction timeline published |
Verdale Crossing | Proposal in the City review process | Not approved |
Markham Centre Secondary Plan Update | Provincial review and engagement | Council adoption and provincial approval still to come; no dates |
Highway 7 East bus rapid transit, including the Kennedy Road connector | Design only | No construction funding announced |
The details on the largest proposal are in the Verdale Crossing and Birchmount project, and the transit picture is in whether the Kennedy Road BRT will raise home values.
What This Means for Buyers
Price the building, not the brochure
Pre-construction pricing in the Greater Toronto Area has run well above resale. Urbanation reported unsold new condos averaging about $1,186 per square foot in the second quarter of 2026, against about $830 for resale units in buildings registered in the last three years. That is a record gap of about 43%. A future amenity does not close a gap that size on its own. The new versus resale cost comparison works through the full numbers.
Check the school, not the map
A school planned for 2028 is not a school your child attends in 2027. Until the boundary review is final, confirm current attendance boundaries directly with the school board for any address you are considering.
Treat planning documents as direction, not dates
A secondary plan tells you what the City wants the area to become. It does not fund transit or make sure a building gets built. Buy for what the neighbourhood offers today, with future plans as a possible bonus rather than the reason.
Looking at Markham Centre?
Open, under construction and proposed are three different things. The Kaizen Real Estate Team will tell you which is which.
What This Means for Owners
- Condo owners near the campus and GO station already compete with new rental and resale supply. More completions in 2027 and 2028 add to that supply before any new amenity opens.
- Townhouse and detached owners in and around Unionville are less exposed to condo supply and more tied to the broader Markham freehold market.
- If you are thinking of selling, a current evaluation built on recent Markham sales is more useful than a forecast built on proposals.
Next Steps
- Markham condominiums ā current options in and around Markham Centre.
- Markham neighbourhood guide ā how Markham Centre compares with Unionville, Cornell and beyond.
- Request a free home evaluation ā what your home is worth today, based on recent sales.