The headline: Markham entered Q2 2026 with detached homes averaging $1.55M (+4.0% YoY), median DOM of 23 days, and condo apartments at $720K. Cornell and Unionville are the standout submarkets, both outperforming the city average by 1-2 percentage points. School catchment + new construction are the two biggest demand drivers in 2026.
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Q1 2026 Markham numbers
| Property type | Q1 2026 avg | YoY | Median DOM |
|---|---|---|---|
| Detached | $1,548,000 | +4.0% | 23 days |
| Semi-detached | $1,180,000 | +3.5% | 22 days |
| Townhouse | $920,000 | +2.8% | 26 days |
| Condo apt | $720,000 | +1.8% | 29 days |
(Source: Ontario MLS market data Q1 2026, York Region aggregation.)
What’s driving Markham in 2026
- Strong school catchments — Bill Crothers SS, Markville SS, Pierre Trudeau HS pull family demand from across GTA
- Asian-Canadian community concentration — sustained immigration and intra-GTA migration into Markham continues
- Tech employment — IBM, AMD, Geotab, and other tech employers anchor Markham’s job base
- Newer detached inventory — Cornell, Berczy, Greensborough offer modern detached supply that Toronto can’t match
- Highway 407 + GO Train — connect to Ontario without Highway 401 congestion
- Condo growth tied to Markham Centre + Yonge corridor — newer high-rise developments around Highway 7
Top-performing Markham neighbourhoods Q1 2026
- Cornell (+4.5% YoY detached) — newer planned community, family-oriented, master plan still maturing
- Unionville (+4.3%) — historic main street + premium schools + established market
- Berczy (+4.0%) — newer detached, family demographics, school catchments
- Greensborough (+3.8%) — established detached, parks + recreation
- Markville (+3.6%) — Markville SS catchment, established detached
Markham’s submarkets to watch
- Markham Centre / Highway 7 condos — substantial new supply hitting market; resale pressure
- Older Thornhill detached — competing with newer Vaughan + Aurora inventory
- Bullock / Milliken — established but slower growth than newer Markham hoods
Spring 2026 outlook for Markham
Expected April-June 2026 dynamics:
- Detached prices likely to rise 1-3% over Q1 averages in established neighbourhoods
- Cornell, Unionville, Berczy could see multi-offer activity in the right price brackets ($1.3M-$1.8M)
- Family-buyer demand peaks April-May tied to school year decisions
- Condo supply absorption depends on new completions vs. immigration-driven demand
- Townhouse market positions as the “affordable detached alternative” for new families
Selling a Markham home in 2026
The playbook (similar to selling in Toronto):
- Price at midpoint of recent comps (last 90 days, within 500m, same property type)
- Invest $5K-$15K in pre-list prep — paint, staging, declutter, curb appeal
- List into spring (April-June) or fall (September-October)
- Target 14-25 day window from listing to firm sale
Markham-specific:
- Emphasize school catchment in marketing — most family buyers verify boundaries
- Highway 407 + transit access matters more than for in-Toronto homes
- Lot size + garden depth carry more value than in Toronto
- Cultural details matter — bilingual marketing materials reach a wider buyer pool
Buying in Markham — what to know
For first-time and move-up buyers considering Markham:
- Closing costs are 905-rate — no Toronto Municipal LTT (saves ~$20K on a $1.2M purchase)
- Property taxes are slightly higher than Toronto (~0.85% vs 0.71%) — factor into monthly carrying costs
- School district verification matters — confirm catchment boundary BEFORE offering
- Condo demand is uneven — newer transit-served buildings (Highway 7, Markham Centre) outperform older stock
For your specific Markham home or purchase: Markham home value page · free calculator · 15-min Letter of Opinion call.
Frequently asked questions
What is the average home price in Markham in 2026?
Detached homes averaged $1.55M in Q1 2026. Semi-detached: $1.18M. Townhouse: $920K. Condo apartment: $720K. Specific neighbourhoods vary by 15-25% — Cornell, Unionville, and Berczy command premiums; Bullock and parts of Milliken are softer.
Why is Markham real estate so expensive?
Three main drivers: strong school catchments (Bill Crothers SS, Markville SS, Pierre Trudeau HS) pull demand from across GTA, sustained immigration and intra-GTA migration into the Asian-Canadian community concentration, and tech employment (IBM, AMD, Geotab) anchoring the local economy. Combined with limited detached supply in Toronto, Markham has been the preferred ‘move-up’ destination for years.
Are Markham condos a good investment in 2026?
Selective. Newer transit-served buildings (Markham Centre, Highway 7 corridor) have strong fundamentals — population growth, employer access, modern construction. Older 1990s-2000s condos in suburban locations face stiffer competition from new supply and weaker resale. Choose based on transit access + amenity density, not just price.
What’s the best Markham neighbourhood for families in 2026?
Depends on priorities. For premium schools + character: Unionville. For newer detached + planned community: Cornell. For affordability + established detached: Berczy or Greensborough. For Markville SS catchment specifically: Markville neighbourhood. All four outperform the Markham average for resale growth.
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 | Alex GoodmanSales Representative · RE/MAX Your Community Realty, Brokerage Alex Goodman is a Sales Representative with RE/MAX Your Community Realty, Brokerage, serving the Greater Toronto Area. He specializes in residential sales across Ontario — luxury, first-time buyer, and downsizing transactions — and maintains InstantCalculator.ca as a free public resource for Ontario homeowners researching their property value. |