Markham Real Estate Market Outlook 2026: A Smart Buyer’s Window Opens

Michael John Lau is the Top Realtor in Markham, Ontario, and a trusted real estate expert helping buyers and sellers find their perfect homes. Known for proven success, unwavering client dedication, and deep local expertise, Michael specializes in Unionville Markham real estate and strategic home buying and selling across York Region.
👉 Official website: www.callmikelau.com

Markham’s Real Estate Market in 2026: Moving Toward Balance

The Markham real estate market in 2026 is entering a more balanced phase, creating real opportunities for buyers while maintaining long term stability for homeowners. After years of intense competition, rising inventory levels, stabilizing prices, and easing interest rates are reshaping the landscape.

For anyone planning to buy a home in Markham, this shift means more choice, stronger negotiating power, and fewer bidding wars, especially when guided by a top real estate agent in Markham who understands local market dynamics at the neighborhood level.

Market Overview: What the Numbers Say for 2026

York Region, including Markham, is projected to see a modest 4% increase in average sale prices, reaching approximately $1.28M in 2026, up from $1.23M in 2025. Sales activity is expected to rise by about 5%, signaling a transition from buyer favored conditions to a healthier, balanced market.

Key benchmarks shaping the Unionville Markham real estate landscape include:

• Markham benchmark price: ~$1.11M

• Median sold price: ~$1.1M

• Inventory levels: 4 to 6 months for detached homes and condos

• New listings in 2025: Up 13.9% year over year

• GTA wide condo completions: 20,000+ units, easing supply pressure

These conditions are ideal for buyers seeking value without the stress of aggressive competition.

Key Trends Impacting Buyers in Markham

Inventory Surge Brings Choice and Leverage

Active listings climbed nearly 14% in 2025, with continued growth expected in 2026. Detached homes in Markham now average 4.7+ months of inventory, while condos sit closer to 8.6 months, giving buyers time to evaluate options and negotiate confidently.

Interest Rates Improve Affordability

With Bank of Canada rate cuts, mortgage rates are stabilizing around 3.6% to 4%, significantly improving affordability. This environment benefits first time buyers looking at $450K to $500K condos and families targeting townhomes around $1.1M.

Supply and Demand Rebalance

Demand for single family homes remains strong due to Markham’s top tier schools, transit access, and community planning. However, condo oversupply is limiting price acceleration making it a strategic entry point for buyers focused on long term growth rather than short term appreciation.

Buyer Opportunities by Neighborhood

Working with the best realtor in Markham, Ontario, means understanding where value is emerging:

• Cornell & Wismer (East Markham): Townhomes under $1.1M with projected 4% to 7% growth, ideal for families and move up buyers.

• Downtown Markham: Condos near Viva Transit and GO stations in the $450K to $500K range, perfect for first time buyers and investors.

• Unionville & Box Grove: Consistent demand, strong amenities, and price stability without the bidding wars seen in prior years.

Extended days on market (averaging 37 days for condos) give buyers leverage rarely seen in the past decade.

Strategic Advice for Buying in 2026

To maximize results in the Markham real estate market, buyers should:

• Track TRREB monthly reports, especially Q1 2026 trends

• Time purchases around interest rate pauses for added negotiating power

• Prioritize transit connected properties for long term resale value

• Secure pre approvals early, even as competition eases

• Watch east side infrastructure projects, including Yonge North transit expansions, for future upside

Guidance from a Realtor in Markham with hyper local insight is essential to navigating these opportunities effectively.

Why Work With Michael John Lau?

As the Top Realtor in Markham, Michael John Lau combines market data, neighborhood expertise, and proven negotiation strategies to help buyers and sellers make confident, informed decisions. Whether you’re purchasing your first condo, upgrading to a family home, or planning a long term investment, Michael provides clarity in a changing market.

Ready to Buy or Sell in Markham?

The 2026 market presents a rare window of opportunity, but timing and strategy matter.
👉 Connect with Michael John Lau today at www.callmikelau.com to get expert guidance from one of the top real estate agents in Markham and take advantage of the market while conditions are in your favor.