What is the average home price in Markham?

The average home price in Markham was $1,155,505 in March 2026, a 4.8% decrease from March 2025. The MLS HPI benchmark was $1,081,700. Detached homes averaged $1,585,941, freehold townhouses $1,028,846, and condo apartments $616,594.

How much income do you need to buy a home in Markham?

To qualify for a mortgage on the average Markham home in March 2026, a household income of approximately $242,000 is required, assuming 20% down, a 5.99% qualifying rate, and 25-year amortization. A detached home in Markham requires roughly $325,100 in household income.

Is Markham expensive compared to other GTA cities?

Yes — Markham is one of the more expensive GTA cities, with an average of $1,155,505 in March 2026 compared to Toronto's GTA-wide average of $1,017,796. Its detached average of $1,585,941 reflects a high concentration of newer, larger-format homes and strong demand from tech-sector workers.

Why is Markham called Canada's high-tech capital?

Markham hosts the Canadian headquarters of IBM, AMD, Apple, Motorola Solutions, Huawei Canada, and hundreds of technology companies, creating one of the highest concentrations of tech employment in Canada. This strong employment base drives consistent housing demand, particularly for detached homes near the Highway 407/404 corridor.

Markham Housing Market Report — March 2026

Markham is York Region’s largest city with a population of approximately 338,000, located 30 km north of Toronto along the Highway 407/404 corridor. It is often referred to as Canada’s high-tech capital, home to the Canadian headquarters of IBM, AMD, Apple, Motorola Solutions, Huawei Canada, and hundreds of smaller technology companies. Markham’s economy has diversified far beyond its heritage as a pastoral community, now anchored by Markham Stouffville Hospital, York University’s new campus at Markham Centre, and one of the largest concentrations of South and East Asian technology workers in Canada.

Markham trades at a premium to most GTA suburbs, reflecting its employment base and a high proportion of newer, larger-format detached homes. March 2026 TRREB data shows prices softening year-over-year though sales volumes are holding modestly positive.

Key Highlights — March 2026 (TRREB):

Average home price: $1,155,505 (-4.8% year-over-year)
MLS® HPI Benchmark price: $1,081,700 (-13.4% year-over-year)
Total sales: 225 (+2.3% year-over-year)
Detached: $1,585,941 (-3.2% YoY), 93 sales
Semi-detached: $1,055,091, 11 sales
Freehold Townhouse: $1,028,846 (-11.5% YoY), 37 sales
Condo Townhouse: $877,273 (-1.5% YoY), 22 sales
Condo Apartment: $616,594 (-12.9% YoY), 53 sales
Market: balanced to buyer’s market

Markham Home Prices by Type — March 2026

Home Type	Average Price	YoY Change	Sales
All Residential	$1,155,505	-4.8%	225
Detached	$1,585,941	-3.2%	93
Semi-Detached	$1,055,091	—	11
Freehold Townhouse	$1,028,846	-11.5%	37
Condo Townhouse	$877,273	-1.5%	22
Condo Apartment	$616,594	-12.9%	53

Market Metrics — March 2026

Metric	Value
Total Sales	225
Sales YoY	+2.3%
MLS HPI Benchmark	$1,081,700
Benchmark YoY	-13.4%
Data Source	TRREB (Toronto Regional Real Estate Board)

Income Required to Buy in Markham

The table below shows the gross annual household income required to qualify for a mortgage in Markham, using OSFI stress test guidelines.

Assumptions: 20% down payment, 3.99% contract rate (5.99% qualifying rate), 25-year amortization, GDS ratio of 32%, property tax $354/month, heating $150/month.

Home Type	Home Price	Mortgage (80%)	Income Required
All Residential	$1,155,505	$924,404	$242,000
Detached	$1,585,941	$1,268,753	$325,100
Semi-Detached	$1,055,091	$844,073	$222,600
Freehold Townhouse	$1,028,846	$823,077	$217,500
Condo Townhouse	$877,273	$701,818	$188,300
Condo Apartment	$616,594	$493,275	$138,000

Key Trends — Markham March 2026

Tech Sector Employment Premium: Markham’s housing market is uniquely insulated by the depth and stability of its high-technology employment base. Corporate campus owners including IBM, Huawei, and AMD draw highly paid engineers, product managers, and executives who sustain demand for Markham’s premium detached and townhouse inventory even through broader market softening. Income required for average Markham housing ($242,000) is higher than most GTA suburbs, matching the city’s higher-income demographic profile.

Benchmark vs. Average Divergence: The 13.4% YoY benchmark decline versus only 4.8% average decline reflects compositional change — a greater share of higher-priced detached homes sold in March 2026 inflated the average while the benchmark (which controls for property mix) shows a steeper underlying correction. Buyers should focus on benchmark trends for apples-to-apples pricing guidance.

Condo Market Under Pressure: The condo apartment segment at $616,594 is down 12.9% YoY and represents the weakest segment. This mirrors Toronto-wide condo trends: investor resale activity, new completions, and shorter-term rental income uncertainty are creating buyer’s market conditions specifically in the condo segment. For buyers willing to absorb near-term price risk, units near Markham GO stations offer long-term value.

York Region Transit Expansion: Markham Centre is the emerging transit hub, anchored by the planned Yonge North Subway Extension (YNSE) which will extend the Toronto TTC Yonge line from Finch through North York and Richmond Hill to 16th Avenue. Properties near future stations at Clark Avenue and around Markham Centre/7 & Warden are attracting forward-looking buyers.

Unionville Premium: The historic Unionville Main Street district — one of Markham’s most sought-after addresses — maintains a price premium for Victorian-era homes and newer high-end infill, sustained by heritage designation restrictions on supply and extremely strong community character.

Notable Neighbourhoods in Markham

Unionville: Markham’s crown jewel. Heritage main street with Victorian-era storefronts, restaurants, and boutiques along the Rouge River. Premium detached and luxury townhomes $1.2M–$2.5M+. Heritage designation restricts supply.

Markham Village: Historic core of the original Markham Township. Similar heritage character to Unionville with somewhat more affordable pricing. Detached $1.0M–$1.6M.

Cornell: New Urbanist master-planned community developed after 2000 with walkable street grids, parkettes, and mixed housing types. Strong community feel. Markham Stouffville Hospital is adjacent. Detached $1.1M–$1.5M; townhomes $850k–$1.0M.

Cathedraltown: Newer subdivision in north Markham inspired by European architectural forms. Premium single-family detached from $1.3M–$2.0M.

Wismer / Victoria Square: Mixed older and newer stock in mid-north Markham. Family-oriented. Detached $1.0M–$1.4M; townhomes $850k–$1.0M.

Markham Centre: Emerging downtown for Markham. High-rise condos, York University campus, and civic uses. New build condos $550k–$850k. Long-term transit investment area.

Milliken / Unionville GO Corridor: South Markham with good access to the Stouffville GO line. Mix of older 1980s–2000s stock. Detached $950k–$1.3M.

Berczy Village / Swan Lake: Upper-middle-class established neighbourhoods in central Markham. Top-rated school catchments, low crime. Detached $1.1M–$1.6M.

Ontario Land Transfer Tax — Markham

Ontario LTT on a $1,155,505 home:

Portion	Rate	Tax
First $55,000	0.5%	$275
$55,001–$250,000	1.0%	$1,950
$250,001–$400,000	1.5%	$2,250
$400,001–$1,155,505	2.0%	$15,110
Total		≈ $19,585

No municipal land transfer tax applies in Markham — only the provincial Ontario LTT.

First-time buyers may qualify for the Ontario LTT refund of up to $4,000. However, at Markham’s average price level, homes will exceed the first-time buyer eligibility thresholds on the provincial LTT.

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Data Sources

Toronto Regional Real Estate Board (TRREB) — March 2026 Market Watch
Data period: March 1–31, 2026