Markham is a business-friendly environment where you’ll find the partners, pricing and incentives to fuel your growth.

Why Markham

The business community is key to our success, and Markham is focused on providing the right environment for businesses to thrive.

  • Our office meets with you to understand your project, helping you navigate the development process.
  • Connecting you to key partners to help develop your network and access talent.

1.54%

Commercial Tax Rate

1.69%

Industrial Tax Rate

26.5%

Corporate Tax Rate
Provincial & Federal
Rendering of Downtown Markham

2022 City Tax Rates Comparison

CityCommercial (CT) %Industrial (IT) %
Markham1.5354171.688483
Vaughan1.5857271.750542
Mississauga1.9065971.906597

Toronto

2.1220092.084681
Waterloo2.7137792.713779

Markham Office Building

Industrial and Commercial Inventory

Industrial (Q1, 2023)
Total Inventory (Sq. ft.)35,205,318
Average net rent $19.00/ Sq. ft.
Under Construction (Sq. ft.)769,397

Source: Colliers International

Commercial (Q1, 2023)
Total Inventory (Sq. ft.)13,898,973
Average net rent ($/Sq. ft.)$18.48/ Sq. ft.
Under Construction (Sq. ft.)0

Source: Colliers International

Get in touch

edoinfo@markham.ca
Markham Civic Centre
101 Town Centre Boulevard
Markham, Ontario, L3R 9W3
Monday to Friday, 8 AM to 5 PM
(excluding statutory holidays)