Economic and Demographic Data
Top 10 Businesses
Business Name |
---|
IBM Canada Ltd. |
TD Bank Financial Group |
AMD Technologies Inc. |
CGI Information Systems |
Aviva Canada |
Homelife Landmark Realty |
Saint Elizabeth Healthcare |
Limen Group |
Allstate Insurance Company of Canada |
Camp Green Acres |
Source: York Region Employment Survey, 2024
Age Breakdown - Markham
Markham's working age population (ages 15 to 64) represent about 65.7% of the total population. The city's population is fairly young with the median age being 42.4 years.
Age Breakdown - Markham
Employment by industry
There were 184,645 employees surveyed in Markham through the 2024 York Region Employment Survey. Markham's top industries by employment are Professional, Scientific & Technical Services (31,290) and Finance & Insurance (18,493). Markham has a large number of people working in knowledge-based occupations, which makes the city an excellent place to find talent.
Top 10 Industries by Employment, 2024 (Excluding Retail Trade)
Top 10 Industries by Business Count, 2024
In 2024, there were 9,899 businesses surveyed in Markham as part of the York Region Employment Survey. Companies represent a wide range of industries. Aside from retail trade, the top three industries in Markham were Other Services (except Public Administration) at 1,321 companies, Professional, Scientific, and Technical Services at 1,179 companies, and Health Care and Social Assistance at 1,002 companies.
Top 10 Industries by Business Count, 2024 (Excluding Retail Trade)
Housing Prices
In Markham, there are a variety of housing types available in great neighborhoods depending on an individual's budget. Being located in a central spot in the Greater Toronto Area means that demand is high for housing in Markham. By the year 2051, Markham's population is projected to grow to 611,800. The City is making an effort to guide the development of the different housing types that will be needed to accommodate a growing city.
Housing Price by Type (December 2024)
Mother Tongue, 2021
Markham residents speak many languages. In 2021, the top 2 mother tongue languages spoken by residents include English at 36.0%, and Chinese at 40.1%. Ten percent of residents also listed South Asian languages as their mother tongue.
Mother Tongue
Visible Minority
In Markham, we recognize that diversity is our strength. As one of Canada's most diverse cities, 82.1% of residents identify as a visible minority. The top three visible minority groups are Chinese, South Asian, and Black.
Visible Minority
A Growing Population
By 2041, Markham's population is projected to increase to nearly half a million people, and grow to 611,800 by the year 2051. The city continues to be a huge draw for those looking for employment in knowledge-based industries, in addition to a safe community to live in - whether as an individual or as a family.
Population
Educational Attainment
Markham residents are highly educated. For the population ages 25 to 64, 71.4% have at least some post-secondary education. This number is higher than Ontario's rate of 67.8% and Canada's rate of 67.2%. It is also noteworthy that 48.7% of Markham's 25 to 65 year old age group hold a bachelor's degree or higher, compared to Ontario and Canada's rate of 36.8% and 32.9%, respectively.
Educational Attainment, 2021
Construction Values
In 2024, there was over $2.1 billion CAD worth of approved building permits. The vast majority were residential permits, coming in at $1.7 billion CAD, followed by extensive activity in the industrial, commercial, and institutional space, which saw over $349 million CAD of activity.
Construction Values by Building Permits, 2024
Top 5
Exporting Countries
Place of Birth
of Recent Immigrants
18,895
from 2016 - 2021
Economic Immigrants, 2021
Get in touch
101 Town Centre Boulevard
Markham, Ontario, L3R 9W3
(excluding statutory holidays)