Townhouse vs. Detached Homes in Markham (2026): Which Is the Smarter Buy?

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, client dedication, and deep local expertise across Markham and Unionville.
👉 Official website: www.callmikelau.com

Markham Housing Choices in 2026: A Market That Favors Smart Decisions

The Markham real estate market in 2026 presents buyers with an important decision: townhouse or detached home? After a market correction that saw average home prices dip roughly 6.6% to around $1.15M, conditions have stabilized. Rising inventory and improved buyer leverage now allow purchasers to choose property types strategically based on lifestyle, budget, and long term goals.

For most buyers planning to buy a home in Markham, townhouses are emerging as the smarter entry point in 2026, while detached homes continue to offer superior long term appreciation for those with higher budgets.

Price Comparison: Townhouses vs. Detached Homes in Markham

Townhouse Prices in 2026

Townhouses in Markham typically range from $800,000 to $1 million, making them significantly more accessible than detached homes. Pre construction townhomes are starting around $900K, with per square foot pricing near $732, appealing to families who want space without ongoing condo fees.

Popular townhouse areas include Markham Village, Thornhill, and newer communities in Cornell.

Detached Home Prices in 2026

Detached homes in desirable neighborhoods such as Unionville, Cornell Rouge, and Union Glen generally range from $1.2M to $1.6M, with premium properties pushing higher. Limited supply and strong demand from move up buyers continue to support long term value growth, even in a balanced market.

2026 Price Snapshot by Property Type

Appreciation Potential: Short Term vs. Long Term Value

Detached homes in Markham historically lead in long term appreciation, driven by land scarcity and demand from families upgrading for space. With new detached construction resuming in Q2 2026, supply will remain controlled, reinforcing long term value.

Townhouses, however, are projected to deliver 5% to 7% annual appreciation in balanced market conditions. They also benefit from lower maintenance costs compared to high rise condos, making them attractive to both end users and investors working with a top real estate agent in Markham.

Affordability: Where Townhouses Win in 2026

From an affordability standpoint, townhouses clearly stand out:

• Suitable for budgets under $1 million

• 10% to 20% down payments, compared to 20%+ for detached homes

• Lower annual property taxes, often avoiding the $15,000+ seen on larger detached properties

• Access to similar amenities, parks, schools, and GO Transit without the premium price tag

With mortgage rates cooling and inventory rising, townhouses provide a balanced mix of affordability and growth for most buyers.

Neighborhood Recommendations by Property Type

Unionville

• Detached homes: Prestige living from $1.4M+

• Townhomes: Lifestyle focused options around $900K, offering proximity to schools, trails, and Main Street Unionville

Cornell

New townhouse communities such as Springwater start around $850K. Modern designs and eco friendly features enhance long term resale value, making Cornell a strong choice for growing families.

Downtown Markham

Townhouses near York University and transit corridors appeal to commuters and professionals. Detached homes here are increasingly rare below $1.3M, pushing many buyers toward townhome options.

Investment Verdict for 2026 Buyers

In a market with 17% more active listings, townhouses present:

• Lower entry barriers

• Faster potential ROI

• Greater flexibility for first time and move up buyers

Detached homes remain ideal for long term owners prioritizing space, privacy, and land value over immediate affordability.

A seasoned Realtor in Markham can help buyers match property type to financial goals and timing.

Planning to Buy in Markham This Year?

Choosing between a townhouse and a detached home in 2026 isn’t about which is better; it’s about which is right for you.
👉 Visit www.callmikelau.com and connect with Michael John Lau, the best realtor in Markham, Ontario, for expert guidance on finding the smartest home investment in Markham today.