Markham Housing Market Outlook 2026: Prices, Mortgage Rates, and What Buyers & Sellers Need to Know

Michael John Lau is the Top Realtor in Markham, Ontario, and a trusted real estate expert helping buyers and sellers find their perfect homes. He is known for proven success, exceptional client dedication, and deep local expertise across Markham and Unionville.
👉 Official website: www.callmikelau.com

Markham’s housing market continues to stand out as one of the GTA’s most expensive and resilient in 2026. While softer mortgage rates and increased inventory have given buyers more negotiating room compared to the peak frenzy years, strong family demand, excellent schools, transit access, and employment hubs continue to keep prices elevated. For anyone planning to buy a home in Markham or sell in the coming year, understanding current pricing trends and market conditions is essential.

As a top real estate agent in Markham, I work closely with buyers and sellers, navigating this shifting but still premium market.

Markham Housing Prices: Where the Market Stands Going Into 2026

Markham’s home prices remained remarkably stable throughout 2025, reinforcing the city’s reputation as a long term, high demand market within York Region.

Average Home Prices in Markham (Late 2025)

By September 2025, the average selling price in Markham reached approximately $1.23 million, broken down as follows:

• Detached homes: Around $1.49 million

• Townhouses: Approximately $1.19 million

• Condominiums: Just under $920,000

By November 2025, prices moderated slightly but stayed elevated, with:

• Benchmark price: Roughly $1.11 million

• Average sale price: Close to $1.15 million

• Median price: Around $1.10 million

Earlier in mid 2025, benchmark prices hovered near $1.15 million, showing consistency across the year rather than sharp declines. This stability highlights why Unionville Markham real estate and surrounding neighbourhoods remain attractive to both families and long term investors.

Market Activity: Sales, Listings, and Days on Market

Sales Volume and Buyer Demand

Markham recorded 259 home sales in September 2025, driven largely by family buyers seeking strong school districts, proximity to Toronto, and access to major employment corridors such as Hwy 404, Hwy 407, and transit hubs.

New Listings and Inventory

New listings reached 794 homes in September, giving buyers more options than in previous years. This increase in supply helped cool extreme competition without tipping the market into oversupply.

Time on Market

Homes in Markham took about 30 days on average to sell, indicating that:

• Well priced, move in ready properties continue to sell efficiently

• Overpriced listings face longer negotiations and price adjustments

For sellers, this underscores the importance of strategic pricing and professional marketing. For buyers, it creates opportunities for conditions and more balanced negotiations.

Mortgage Rates and Affordability in 2026

Softer Rates Are Improving Buyer Confidence

By mid 2025, 5 year fixed mortgage rates in the GTA dipped into the high 3% range, with some products reported as low as 3.94%. This marked a significant improvement from the peak rate environment of 2023 to 2024.

Lower borrowing costs have:

• Reduced monthly payments

• Improved mortgage qualification power

• Encouraged sidelined first time buyers to re enter the market

Combined with higher inventory levels, this rate environment has shifted Markham toward a more balanced, slightly buyer leaning market, even as prices remain high by GTA standards.

What This Means for Buyers in Markham

If you’re planning to buy a home in Markham in 2026:

• You have more choices and leverage than in past peak years

• Financing conditions are more favorable, but competition remains in prime neighbourhoods

• Detached homes in Unionville, Angus Glen, and Cachet remain highly sought after

• Townhomes and condos offer more room for negotiation, especially in newer developments

Working with the best realtor in Markham, Ontario, ensures you understand micro market pricing, offer strategies, and timing crucial in a market that rewards informed decisions.

What This Means for Sellers

For sellers, Markham continues to be a strong market, but strategy matters more than ever:

• Accurate pricing is critical in a balanced environment

• Presentation and staging can significantly impact days on market

• Homes in top school districts and transit accessible areas still command premiums

With the right approach, sellers can achieve excellent results even without the extreme bidding wars of previous cycles.

Why Markham Remains a Premium GTA Market

Markham’s long term fundamentals continue to support higher prices:

• Top ranked schools and family oriented communities

• Strong employment base and economic diversity

• Excellent transit access and infrastructure investment

• High demand in areas like Unionville, Angus Glen, Wismer, and Cornell

These factors explain why Markham has remained resilient through changing interest rate cycles.

Get Expert Guidance From a Top Realtor in Markham

Whether you’re buying, selling, or simply planning your next move, understanding Markham’s housing market requires local expertise, current data, and strategic insight.

👉 Visit www.callmikelau.com to work with Michael John Lau, the Top Realtor in Markham, and receive clear, professional guidance tailored to today’s market conditions in Markham and Unionville.