GTA Real Estate Snapshot: January 2026 A Buyer’s Market Emerges in Markham & Unionville

Michael John Lau,  Top Realtor in Markham, Ontario

Michael John Lau is the Top Realtor in Markham, Ontario, and a trusted real estate expert helping buyers and sellers find their perfect homes across Markham, Unionville, and the Greater Toronto Area. Known for proven success, unwavering client dedication, and deep local expertise, Michael delivers strategic, data driven guidance in every market cycle.
🔗 Official Website: www.callmikelau.com

GTA Real Estate Market Update January 2026 Overview

As 2026 begins, the Toronto GTA real estate market is showing clear signs of stabilization, shifting toward a more balanced and, in many areas, buyer friendly environment. Rising inventory, modest price adjustments, and improved affordability are creating opportunities for buyers who have been waiting on the sidelines.

According to recent TRREB data, active listings increased significantly toward the end of 2025, while average prices softened entering the new year. Combined with Bank of Canada rates holding near 2.25%, this market shift is especially relevant for buyers looking to buy a home in Markham, Unionville, and surrounding GTA communities.

Key GTA Market Statistics (Late 2025 → Early 2026)

This increase in inventory has shifted negotiating power back toward buyers,  a meaningful change after years of intense competition.

Markham & Unionville Real Estate: Local Market Insights

Why Markham Remains One of GTA’s Strongest Long Term Markets

Markham continues to stand out as one of the most desirable cities in the GTA due to:

• Top ranked public and Catholic schools

• Strong tech and business employment hubs

• Excellent transit access (Viva, GO Transit, Highway 404/407)

• Stable long term property values

Detached homes in Markham are now averaging closer to $1.1M, while condos remain around $650K, giving buyers more choice and leverage than in recent years.

Unionville Markham Real Estate Trends

Unionville remains a premium destination for families and professionals seeking character homes, walkable communities, and top tier schooling. While demand remains strong, buyers are now seeing:

• More conditional offers accepted

• Longer decision windows

• Opportunities to negotiate on price and closing terms

This shift is especially important for move up buyers and first time buyers targeting Unionville’s high demand school zones.

GTA Hot Spots to Watch in 2026

Beyond Markham, several GTA areas are emerging as value driven opportunities:

• Brampton (Heart Lake & Bramalea): Strong affordability and family appeal

• Port Credit Townhomes: Averaging around $890K with lifestyle upside

• North York: Increasing interest in properties with laneway or income suite potential

While broader economic factors,  including global trade pressures,  may create short term caution, current price corrections are benefiting buyers focused on long term value.

Smart Buyer Strategies for 2026

If you’re planning to buy in Markham or the GTA this year, consider these expert tips:

• Prioritize transit connected neighborhoods for commutes under 45 minutes

• Secure a mortgage pre approval early to take advantage of current rates

• Watch inventory closely quality homes still move quickly when priced right

• Focus on long term fundamentals, not short term headlines

Advice for Sellers in the Current Market

Sellers in Markham should adjust expectations to today’s conditions:

• Price realistically to attract qualified buyers

• Expect 3 to 5 showings per week rather than bidding wars

• Presentation and staging matter more than ever

Strategic pricing and expert marketing remain the difference between a smooth sale and extended days on market.

Work With the Best Realtor in Markham, Ontario

Whether you’re buying, selling, or planning your next move, working with a top real estate agent in Markham makes all the difference. Michael John Lau provides market clarity, negotiation expertise, and hyper local insight tailored to your goals.

📞 Thinking of buying or selling in Markham or Unionville?
Visit www.callmikelau.com to book a private consultation and get a personalized market strategy built for 2026.