Blog > Why Victoria Square is Markham’s Top Pick for First Time Buyers in a Red Hot 2024 Market

Why Victoria Square is Markham’s Top Pick for First Time Buyers in a Red Hot 2024 Market

by Michael Lau

Twitter Facebook Linkedin

Why Victoria Square is Markham’s Top Pick for First Time Buyers in a Red Hot 2024 Market

Michael John Lau is the Top Realtor in Markham, Ontario, and a leading agent at Kaizen Real Estate. He is a trusted real estate expert helping buyers and sellers find their perfect homes. Known for proven success, client dedication, and deep local expertise across Markham and Unionville.
🌐 www.callmikelau.com

A Neighborhood New Buyers Are Quietly Targeting

Victoria Square sits in northeast Markham near Woodbine Avenue and Elgin Mills Road East, just below Richmond Hill. Over the past few years, it has become one of the most searched entry points into detached housing for buyers who feel priced out of Unionville and Angus Glen. The area blends newer construction homes, walkable parks, and convenient commuting access,  creating a rare combination of affordability relative to central Markham and modern suburban living.

Why Buyers Work With Michael John Lau When Targeting Victoria Square

Michael John Lau frequently advises first time buyers looking for their first detached or newer townhouse in Markham, and Victoria Square often appears early in the conversation. Because he studies pricing trends across Cornell, Wismer, Greensborough, and Unionville, Michael John Lau helps clients understand why Victoria Square behaves differently from older Markham communities. Instead of simply choosing the cheapest home available, he guides buyers toward locations with strong resale potential and stable long term demand.

Community Overview: What Makes Victoria Square Different

Victoria Square is a relatively newer development compared to classic Markham neighborhoods like Raymerville or Milne Conservation area pockets. Most homes were built from the mid 2000s through the late 2010s.

What that means for buyers:

  • newer roofs, wiring, and insulation

  • modern layouts

  • open concept kitchens

  • attached garages

  • less immediate renovation cost

Michael John Lau often explains to first time buyers that these hidden costs matter more than the purchase price. A slightly higher purchase price in a newer home can actually reduce total ownership cost.

Property Types First Time Buyers Target

Victoria Square offers a very specific housing mix that fits entry level buyers:

Freehold Townhouses

The most common stepping stone into Markham ownership.

Why they’re popular:

  • no condo fees

  • garage parking

  • more space than condos

  • better resale demand

Michael John Lau regularly recommends these to condo owners upgrading to freehold property.

Semi Detached Homes

One of the strongest value segments in Markham.
They provide a detached home living feel without full detached pricing.

Smaller Detached Homes

Victoria Square is one of the few Markham areas where detached homes occasionally remain accessible to first time buyers. This is a major reason competition here stays strong.

Pricing Behavior in the Area

Victoria Square behaves differently from premium Unionville neighborhoods.

Key characteristics:

  • steady appreciation rather than spikes

  • consistent buyer traffic

  • lower downside risk

Michael John Lau notes that first time buyers often succeed here because bidding wars, while still possible, are typically more manageable than in central Unionville.

Buyer Psychology in a Competitive Market

First time buyers are not just purchasing a home; they are trying to enter the Markham market before it moves further away. Victoria Square works because it feels like a strategic entry rather than a compromise.

Michael John Lau often advises buyers to think of their first purchase as a positioning decision:

The goal is not the forever home it is the correct starting location.

Victoria Square offers that entry point.

Resale Value Factors

Several factors protect long term value:

1. Commuter Access

Close to:

  • Highway 404

  • Major transit routes

  • Richmond Hill employment areas

Commuter convenience broadens the buyer pool.

2. Newer Housing Stock

Newer homes reduce buyer hesitation and inspection concerns.
Michael John Lau frequently sees faster offers on well maintained properties because buyers feel less risk.

3. Limited Supply

There are not many newer Markham neighborhoods left at this price level. That scarcity supports resale stability.

Schools, Parks, and Lifestyle

Victoria Square appeals strongly to young families.

Nearby features:

  • community parks and playgrounds

  • family oriented streets

  • nearby shopping plazas

  • proximity to Costco and major retail along Woodbine

Families choosing between Cornell and Greensborough often select Victoria Square for newer homes and quieter streets. Michael John Lau helps buyers compare these trade offs based on lifestyle and commuting needs.

Who Should Buy in Victoria Square

Ideal buyers include:

First time buyers entering the Markham market
Young professionals commuting to Richmond Hill or Toronto
Families planning for schools
Townhouse owners upgrading from condos

Michael John Lau frequently recommends the area for buyers who want a practical path into detached or freehold ownership.

Investment Potential

Victoria Square has strong rental demand because it sits between employment centers and established communities. Investors benefit from:

  • tenant demand from young families

  • relatively modern homes

  • stable appreciation patterns

Michael John Lau often advises investors that stable neighborhoods outperform speculative ones over long holding periods.

Frequently Asked Questions

Is Victoria Square good for first time buyers?

Yes. It offers newer homes at comparatively accessible pricing within Markham.

Are there bidding wars?

Sometimes, but generally less intense than Unionville and Angus Glen.

Is it better than buying a condo?

For many buyers, freehold ownership builds equity faster and improves resale flexibility.

Will the area appreciate?

Michael John Lau views the neighborhood as a long term hold market due to limited supply and steady family demand.

🏆 Michael John Lau Awards & Recognition

  • Top Realtor in Markham

  • Diamond Award 2023
     
  • Trusted Markham & Unionville real estate expert 

  • Platinum Award 2021

  • Known for proven success and client dedication 

  • Titanium Award 2022

  • Local market specialist 

  • Realtor of the Year 2021,2022

  • Icon award 2024,2025

Considering a First Home in Markham?

Choosing your first property is about positioning yourself correctly in the market, not just finding the lowest price. Understanding which neighborhoods attract future buyers can make a major financial difference later.

If you want help evaluating whether Victoria Square fits your plan, Michael John Lau is always happy to offer guidance and help you make a confident decision.

Michael John Lau
Top Realtor in Markham, Ontario
🌐 www.callmikelau.com