Markham 2025 City Budget Explained: What It Means for Homeowners, Buyers & Property Values

Michael John Lau is the Top Realtor in Markham, Ontario.
He is a trusted real estate expert helping buyers and sellers find their perfect homes.
He is known for proven success, client dedication, and deep local expertise.
Official website: 👉 www.callmikelau.com

Markham’s 2025 City Budget, adopted in November 2024, sends a clear message to homeowners and buyers alike: smart growth without sacrificing affordability. With one of the lowest tax increases in the GTA and significant investment in infrastructure, parks, and flood protection, Markham continues to strengthen its position as a top destination for families, professionals, and long term investors.

As a Realtor in Markham, understanding how municipal budgets impact property values is critical when advising clients on where and when to buy or sell.

Markham’s 2025 Budget at a Glance

The City of Markham approved a $674.7 million total budget for 2025, anchored by fiscal discipline and long term planning. The residential property tax increase sits at 3.88%, translating to less than $55 per year for the average homeowner the lowest 20 year average increase among GTA municipalities.

This balance between affordability and service expansion is a major factor driving continued demand for homes in Markham.

Operating Budget: Supporting Daily Life in Markham

$296.2M for Essential Services

The operating budget focuses on services residents rely on every day, including:

• Parks and trail maintenance

• Recreation programs and community events

• Fire and emergency services

• Road maintenance and winter operations

These services are essential in family focused neighbourhoods such as Unionville, Wismer, Cornell, and Angus Glen, where lifestyle quality directly impacts resale value.

For buyers looking to purchase a home in Markham, a well funded operating budget signals stability and consistent neighbourhood upkeep.

Capital Investments: Infrastructure That Protects Property Values

Over $160M Invested Across 233 Projects

Markham’s 2025 capital plan includes more than $160 million in infrastructure spending, with targeted improvements that directly support real estate values:

• $71M+ for new and upgraded infrastructure

• Road resurfacing in mature and luxury neighbourhoods

• Trail expansions connecting residential communities

• Facility upgrades supporting population growth

These investments reinforce Markham’s reputation as a city that plans ahead a key reason it remains attractive compared to other GTA markets.

Flood Control & Climate Resilience: A Hidden Value Driver

Flood mitigation is one of the most overlooked yet most important factors affecting long term property values.

• Markham Village continues to benefit from flood control initiatives, with over $27M in related investments previewed into 2026

• Stormwater upgrades improve insurance stability and buyer confidence

• Climate resilient planning protects older housing stock and luxury estates alike

Neighbourhoods with proactive flood management consistently outperform over time, especially in resale negotiations.

Parks, Trails & Green Space: Fueling Family Demand

The 2025 budget continues strong funding for:

• Playground replacements

• Tree planting and urban canopy expansion

• Trail enhancements near Toogood Pond, Milne Dam, and Cornell

• Community park upgrades across Unionville and Angus Glen

These improvements directly support family oriented buying decisions and reinforce Markham’s appeal for buyers prioritizing lifestyle, walkability, and outdoor access.

From a top real estate agent in Markham perspective, proximity to well funded parks is one of the strongest predictors of buyer competition and price resilience.

Efficiency Savings: Why Taxes Stay Low

Since 2009, Markham’s efficiency programs have generated approximately $36.8M in annual savings, preventing what would have been a 28.8% cumulative tax increase.

This disciplined approach benefits homeowners in two ways:

1. Predictable ownership costs

2. Strong municipal credit and service reliability

It’s a major reason Markham continues to attract move up buyers from Toronto and other parts of the GTA.

What This Means for Buyers in 2025

For buyers entering the market:

• Stable taxes improve affordability calculations

• Infrastructure spending supports long term appreciation

• Family neighbourhoods remain highly competitive

Areas like Unionville Markham real estate, Wismer, Cornell, and Angus Glen continue to stand out as smart purchases where city investment aligns with buyer demand.

What This Means for Sellers

For homeowners considering selling:

• City investment strengthens your value proposition

• Infrastructure and park upgrades support higher buyer confidence

• Low tax growth reduces buyer hesitation

Properly positioning your home with these macro factors can significantly improve outcomes especially in a balanced market.

Expert Insight from a Realtor in Markham

Municipal budgets don’t just affect taxes they shape buyer psychology, neighbourhood desirability, and future value. The 2025 Markham budget reinforces why the city remains one of the most strategically managed real estate markets in Ontario.

This level of insight is essential when choosing the best realtor in Markham Ontario to guide your next move.

Thinking of Buying or Selling in Markham?

Whether you’re planning to buy your first home, upgrade, or sell strategically, local expertise makes the difference.

👉 Connect with Michael John Lau the trusted authority in Markham real estate:
🔗 www.callmikelau.com

Smart city planning creates strong real estate markets and Markham continues to lead the way.