🏙️ What Is the Average Condo Price in Markham (2025)?

Michael John Lau Markham’s Top Realtor and Trusted Real Estate Expert
Michael John Lau is widely recognized as the Top Realtor in Markham, Ontario, known for proven success, client dedication, and deep local market expertise. Whether you’re buying, selling, or investing in Markham or Unionville, Michael is your trusted partner. Visit www.callmikelau.com to explore current listings or get a personalized consultation.

📈 Recent Condo Price Data in Markham

According to recent 2025 data:

• Average price of a condo apartment in Markham is about CAD $698,169.
• This price point makes condos one of the most accessible entry options for first-time buyers or investors looking to enter the Markham market.
• In some months, the average sale price for apartments/condos hovered around CAD $703,423.

These figures reflect a broad range of condo types from low-rise apartments to mid/high-rise buildings across different neighbourhoods, offering variety in size, amenities, and price.

🏢 What Influences Condo Prices in Markham

Several factors affect where a specific condo lands on the price spectrum:

• Neighbourhood & Location - Proximity to transit (GO stations, major highways), schools, shopping, and employment hubs affects pricing.
• Building Age and Amenities - Newer buildings with modern amenities (gym, concierge, parking, security) usually command higher prices.
• Unit Size & Layout - Studios or 1-bedroom units tend to be more affordable; 2- or 3-bedroom units cost more.
• Market Demand & Supply - With strong demand in Markham’s growing population and relatively limited supply of condos, prices stay competitive.

🎯 What $698K–$700K Means for Buyers & Investors

For first-time buyers:

• A condo around the average price offers an accessible entry into Markham real estate — with lower maintenance than detached homes and a pathway to build equity.
• It’s ideal if you value transit connectivity, convenience, and a lower-commitment lifestyle.

For investors:

• Condos at this price point can provide attractive rental yields in a city with high rental demand.
• Because condos are more affordable than detached homes, initial investment is lower, which can improve cash flow potential.

For downsizers or single professionals/couples:

• Condos offer convenience, low maintenance, and urban living benefits without compromising lifestyle quality.

🧭 Where Condos Fit in Markham’s Overall Real Estate Landscape

While condos remain the most affordable entry into the Markham housing market, other property types such as townhouses and detached homes have higher average prices.

That said, condos offer unmatched flexibility for many buyers which helps keep demand high. Markham’s mix of strong infrastructure, transit, amenities, and future growth makes condos a smart option if you’re looking for balance between affordability and lifestyle.

📞 Thinking of Buying a Condo in Markham?

If you’re considering a condo purchase in Markham whether first home or investment having local market expertise can make all the difference. As Markham’s top realtor, I offer:

• Up-to-date market data and insights
• Help finding condos that match your budget and lifestyle
• Expert guidance through negotiation, closing, and beyond

👉 Visit www.callmikelau.com to talk about available condos and get started on finding your perfect home in Markham.