Markham real estate guide 2026: market, neighbourhoods and what’s being built

At a glance: Markham has York Region’s lowest 2026 property tax rate and two of the GTA’s biggest retail-to-residential conversions: CF Markville and the SmartCentres Woodside power centre on Highway 7. Condo and townhouse benchmarks fell 10–11% year over year, while detached homes held up better.

Checked on 3 October 2026 against TRREB, municipal, regional, provincial and Metrolinx sources. Anything I could not confirm on an official page is left out or labelled.

Markham market snapshot: September 2026

Numbers below are for Markham, all home types, from TRREB’s September 2026 Market Watch. October data is due in early November; this page is updated monthly.

September 2026	Markham	GTA
Sales	245	5,040
Average price	$1,125,353	$1,006,409
Median price	$1,051,000	$860,000
New listings	729	16,500
Active listings	1,122	26,131
Months of inventory	4.1	4.6
Sale-to-list price	98%	98%
Average days on market	34	34
MLS® HPI benchmark (year over year)	$1,052,500 (-6.02%)	$917,600 (-4.65%)

How I read it: This is a balanced market: buyers have choice and time, so condition and price position decide who sells.

Benchmark by type (MLS® HPI)	Price	Year over year
Detached	$1,441,700	-5.61%
Semi / attached	$1,032,900	-5.52%
Townhouse	$731,700	-6.62%
Condo apartment	$517,200	-9.70%

Detached benchmark prices are down 5.6% year over year, less than condo apartments (9.7%): detached homes are holding value better than condos here.

Where to live in Markham

• Markham Centre / Highway 7 corridor: Growing condo supply from Markville to Woodbine with Viva access. Suits condo buyers and investors.
• Langstaff / Thornhill: Long-horizon subway community at Yonge and Highway 7. Suits buyers betting on the Yonge North subway.
• Unionville / Cornell: Established low-rise near Unionville and Mount Joy GO. Suits families.
• Milliken / Steeles: Pacific Mall area and Milliken GO. Commercial and condo mix.

Neighbourhood notes are my professional view, not official data.

What’s approved and being built in Markham

Only projects with an official source are listed, with the exact stage each has reached. “Approved” means a planning decision; it is not a construction start. Where a building permit has been issued, that is the strongest sign a project is actually starting.

Project	What	Stage (official)	Transit
CF Markville redevelopment, Phase 1 (5000 Hwy 7)	Mall redevelopment: about 1,881 units in 5 towers of 30–39 storeys	Official plan amendment adopted May 2025; Phase 1 zoning reported approved Dec 2025 (by-law not yet confirmed on the City site)	Highway 7 Viva
Woodside Centre power centre (3083–3175 Hwy 7)	Plaza redevelopment on 11.2 ha; heights up to 30 storeys	Official plan amendment adopted 25 Nov 2025; zoning still to come	Highway 7 Viva
Bridge transit-oriented community (Markham side)	Up to 1.87 million m² of floor area at Yonge and Langstaff	Provincial zoning order filed Apr 2022; no start date	Future Bridge station, Langstaff GO
3085 Hwy 7 (Longo’s plaza)	1,711 units in 4 towers	Not approved: public meeting Feb 2026	Highway 7 Viva

Markville and Woodside are the two to watch for retail tenants: both replace parking and big-box space with towers over new podium retail, phased over many years.

For a GTA-wide view of what is permitted and under construction, see the GTA developments tracker and mall and plaza redevelopments.

Transit: running today vs. coming later

• Yonge North Subway Extension: tunnelling contract awarded Aug 2025 and the launch shaft is dug (Jul 2026). Stations at Steeles, Clark, Royal Orchard, Bridge and High Tech. No official opening date. Metrolinx
• Stouffville GO: Metrolinx’s goal is all-day, two-way service every 15 minutes to Unionville, with no completion date. Metrolinx
• Viva rapidways: the 33.7 km network was finished in Dec 2020 (Hwy 7, Yonge, Davis Dr, Bathurst & Centre). Metrolinx

Taxes and closing costs in Markham

2026 residential property tax rate: 0.722889% of assessed value (local 0.177477% + York Region 0.392412% + education 0.153000%). Official 2026 rates. Taxes are charged on MPAC’s assessed value, which is usually well below today’s market price, so ask for the property’s actual tax bill.

• Ontario land transfer tax applies (no municipal land transfer tax outside Toronto). First-time buyers can claim up to $4,000 back if they qualify. Ontario

Buying new? Read the Ontario pre-construction buyer guide for the 2026 HST rebates (up to $50,000 federal for first-time buyers, and Ontario relief on the provincial part).

For business owners and commercial tenants

Commercial corridors: Highway 7 (Woodbine to Markham Rd) and Steeles Ave E (Pacific Mall / Milliken).

• No open Markham business grant program was confirmed on an official page today. A Markham Centre community improvement plan exists; ask the City about current intake.

Looking for space or a business here? Find premises or buy or sell a business confidentially.

Schools in Markham: how to check rankings and boundaries

School zone is one of the first things Markham buyers search for, and one of the easiest things to get wrong. A listing that says “in the X school zone” is not a guarantee. Here is how I check it for clients before they offer.

Who runs the schools: English public schools in Markham are run by the York Region District School Board (YRDSB), English Catholic schools by the York Catholic District School Board (YCDSB). French-language schools are run by Conseil scolaire Viamonde (public) and Conseil scolaire catholique MonAvenir (Catholic).

1. Use the board’s own school locator with the exact address, not the listing description. Boundaries follow streets, and two sides of the same street can go to different schools.
2. Check results from two sources: EQAO publishes each school’s provincial test results, and the Fraser Institute ranks Ontario elementary and secondary schools at compareschoolrankings.org. Rankings measure test scores, not the whole school, so visit too.
3. Ask about “holding schools”. When a local school is full, new students in growing areas can be directed to a school farther away until space opens. This matters most in new subdivisions.
4. Programs have their own boundaries. French Immersion, IB, gifted and arts programs often draw from a different area than the home school, and some need an application.
5. Get it in writing before you waive conditions. Boundaries can change. Call the board’s planning or admissions office with the address, and keep the answer.

Want homes in a specific Markham school zone? Tell me the school and your budget. I check each home’s address against the board locator before I send it to you.

Selling or buying in Markham: how I would approach it

Selling: price against the homes a buyer will actually compare with yours (same type, condition and recent enough), not the area average above. Then work out what you would keep after the mortgage payout and costs.Buying: decide what matters more, existing transit or a project that is only approved, and check the stage of anything near the address before you firm up.

Read next: GTA developments 2026–2028: what’s approved and being built

General information about Markham, not a valuation, investment, tax or legal advice. Planning status and incentives change; confirm with the municipality before relying on them. Inderpal Sidhu, Salesperson · HomeLife Silvercity Realty Inc., Brokerage.

Speak with Inderpal Sidhu
Direct: (647) 338-6875 · Office: (647) 931-5918
WhatsApp · Get my Markham price range
Inderpal Sidhu, Salesperson · HomeLife Silvercity Realty Inc., Brokerage. Not intended to solicit properties or clients already under contract with another brokerage.