Metropia launches giant housing project in Markham
March 30, 2023
Union City’s first tower. | Metropia
Toronto-based developer Metropia has launched Union City, a 12-acre, mixed-use residential community in Markham, Ontario, reflecting a surge in Greater Toronto Area (GTA) housing starts.
The first phase of Union City is a 40-storey, 440-suite residential condominium and a social hub called Union House.
Union City will eventually encompass more than three million square feet—including nine multi-family buildings, one or two office buildings, retail, parks and neighbourhood amenities.
Sales for the first tower will begin either late in March or in early April 2023. There will be a range of sizes from junior one-bedroom up to three-bedroom units. Pricing has not yet been disclosed.
Construction is expected to begin June 2024 with occupancy to begin in the fall of 2027.
Two more condo buildings will follow Tower 1 and Union House as part of Union City’s first phase. Sales for the second tower are anticipated to begin in the fall of 2023, with occupancy anticipated for the summer of 2028.
The Toronto area performed much better that Canada’s two other largest cities,
According to Canada Mortgage and Housing Corp., Greater Toronto recorded a 55 per cent increase in total seasonally adjusted annual housing starts in February, while Montreal starts fell 31 per cent and Vancouver was down 43 per cent, compared to a month earlier.