Markham New Home Supply & Pre Construction Outlook 2026: What Buyers and Sellers Should Expect

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

As we move into 2026, Markham’s housing market is entering a phase defined not by sharp price swings, but by increased new supply and more balanced conditions especially in the pre construction and condo segments. For anyone planning to buy a home in Markham, invest, or sell near new developments, understanding how upcoming supply will affect pricing is critical.

As a top real estate agent in Markham, I help clients interpret these supply trends realistically so they can act strategically rather than emotionally.

Markham New Home Supply in 2026: What’s Coming to Market

Low Rise Homes: Gradual Relief, Not Oversupply

York Region forecasts indicate that low rise construction activity will pick up in early 2026, with many detached homes and townhouses completing in late Q3 to Q4 across Markham and nearby municipalities.

While this increase will improve choice for buyers, it does not represent an oversupply. Years of under building, combined with steady population growth and family demand, continue to support low rise values across Markham and Unionville.

Key takeaway:

• More options for move up buyers

• Limited impact on prices for quality freehold homes

• Strong demand in family centric neighbourhoods remains intact

Condo Supply: Where the Most Pressure Is Building

GTA Wide Condo Completions in 2026

The GTA is expected to see over 20,000 condo units completed in 2026, adding meaningful inventory to the entry level and investor driven segments of the market.

For Markham, this matters most in:

• Downtown Markham

• Highway 7 and transit oriented corridors

• Investor heavy condo clusters

This wave of supply is likely to cap condo price growth and, in some pockets, create mild downward pressure if investor demand does not fully absorb the new units.

Pre Construction Strategy: Developers Are Adapting

Fewer Launches, More Incentives

Developers have already responded to softer conditions by:

• Slowing new pre construction launches

• Offering flexible deposit structures

• Including upgrade packages and incentives, particularly for condos

This shift signals a more buyer friendly environment. Developers must now compete on value rather than rely on rapid price escalation, which limits aggressive pricing on 2026 releases.

For buyers considering pre construction in Markham, this is one of the most negotiable windows seen in years.

Impact on Condo Prices in Markham

With additional supply entering the market:

• Condo prices are expected to remain stable to slightly softer in 2026

• Investor heavy areas may see longer days on market

• Resale condos will compete directly with brand new completions

This does not mean a crash, but it does mean price growth will be capped, and buyers will have more leverage than in previous cycles.

For first time buyers, this creates an opportunity to enter Unionville Markham real estate or nearby transit nodes with less competition.

Impact on Freehold Prices: Stability Over Discounts

Detached homes and townhouses tell a different story.

Despite new completions:

• Freehold supply remains structurally tight

• Family demand continues to exceed long term supply

• Population growth and school driven neighbourhood demand support prices

As a result, Markham’s detached and townhome segments are more likely to see flat to moderate price gains, rather than broad discounts, in 2026.

Premium, low inventory neighbourhoods will still attract competition, especially for well located, move in ready homes.

What This Means for Buyers in 2026

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

• Expect more selection in pre construction and newly built homes

• Enjoy stronger negotiating power, particularly for condos

• See fewer bidding wars outside premium, low inventory pockets

• Benefit from developers competing harder on value

Working with the best realtor in Markham, Ontario, ensures you can identify which new opportunities are genuinely good value and which are simply well marketed.

What This Means for Sellers

For sellers in 2026:

• Expect longer days on market, especially near new developments

• Sharp pricing and professional presentation are essential

• Condo sellers must compete directly with new completions and incentives

• Freehold sellers still hold an advantage, but strategy matters

Homes that are priced correctly and marketed professionally will still sell well even in a more balanced environment.

Why Local Insight Matters More Than Ever

Headline supply numbers don’t tell the full story. The impact of new homes varies dramatically by property type, neighbourhood, and buyer profile.

As the Top Realtor in Markham, I help clients understand:

• Which areas are oversupplied versus undersupplied

• How pre construction incentives affect resale values

• When to buy, sell, or wait based on real market dynamics

Thinking About Buying or Selling Near New Developments?

Whether you’re considering pre construction, buying a newly completed home, or selling in a competitive pocket, expert guidance can protect your investment.

👉 Visit www.callmikelau.com to work with Michael John Lau, the Top Real Estate Agent in Markham, and get clear, data driven advice tailored to Markham’s 2026 housing market.