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.
 

  • Markham continues to have the lowest average tax rate increase in the Greater Toronto Area for over 20 consecutive years. 
  • Highly competitive utility rates.
  • 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.

1.58%

Commercial Tax Rate

1.74%

Industrial Tax Rate

26.5%

Corporate Tax Rate
Provincial & Federal
Rendering of Downtown Markham

2024 Property Tax Rates Comparison

CityCommercial (CT) %Industrial (IT) %
Markham1.5826331.746726
Vaughan1.6270481.801514
Mississauga2.0839472.161760
Toronto2.2286772.285956
Waterloo3.0630323.063032

 

Markham Office Building

Industrial and Commercial Inventory

Industrial (Q4, 2024) 
Total Inventory (Sq. ft.)37,343,948
Average net rent $19.03/ Sq. ft.
Under Construction (Sq. ft.)1,455,687

Source: Colliers International

 

Commercial (Q4, 2024) 
Total Inventory (Sq. ft.)13,908,736
Average net rent ($/Sq. ft.)$18.34/ 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)