Which Area in Markham, Ontario Has the Lowest Cost of Living? (2025 Guide)

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Which Area in Markham Has the Lowest Cost of Living?

Markham is one of the most desirable cities in the Greater Toronto Area (GTA), but costs vary significantly depending on the neighbourhood.

If you’re looking for the most affordable areas in Markham, here are the top neighbourhoods known for offering lower housing prices, lower carrying costs, and better value for homeowners and renters.

Top 3 Lowest Cost-of-Living Areas in Markham

1. Milliken Mills East & West

Why it’s more affordable:
Milliken Mills is one of the best value-for-money neighborhoods in Markham.

• Homes are generally less expensive than in Unionville or Cachet

• Plenty of townhouses, condos, and older detached homes

• Lower property taxes due to smaller lot sizes

• Great for first-time buyers or downsizers

Ideal for: Families, first-time buyers, investors, commuters.

Bonus: Easy transit access and close to Scarborough, which expands job opportunities and lifestyle amenities.

2. Cornell

Cornell is one of Markham’s fast-growing planned communities with a strong mix of newer builds and affordable freeholds and townhomes.

Why Cornell is budget-friendly:

• Newer smaller homes = lower upkeep

• Modern builds = better insulation = lower utilities

• Condo townhouses are priced competitively

• Walkable, safe, and community-focused

Ideal for: Young families, students, professionals.

3. Greensborough

If you're looking for a peaceful neighbourhood with reasonable home prices, Greensborough is a great choice.

Why Greensborough is affordable:

• Many starter townhouses and stacked towns

• Lower maintenance fees

• Family-oriented neighbourhoods with reliable transit access

• Near Mount Joy GO Station (budget-friendly commuting)

Ideal for: Families who want affordability + green spaces.

Why Some Areas in Markham Are Cheaper Than Others

Several factors influence affordability:

✔ Property Age

Older homes in Milliken often cost less than newer builds in Unionville.

✔ Lot Size & Home Type

Townhouses and stacked towns = lower taxes and maintenance.

✔ Distance From Markham’s Core

Neighbourhoods farther from Highway 7 and Unionville typically cost less.

✔ School Zone Reputation

Top-performing school zones increase demand and, therefore, prices.

FAQ: Cost of Living in Markham

Which neighbourhood is the MOST affordable overall?

Milliken Mills (East & West) offers the best combination of lower home prices, variety, and conveniences.

Is Markham expensive overall?

Markham is more affordable than Richmond Hill but slightly more expensive than Pickering, Whitby, and Oshawa.

Where should first-time buyers look?

Cornell, Greensborough, Mount Joy, and Milliken Mills are excellent entry-level markets.

Need Help Finding an Affordable Home in Markham?

If you’re looking for the most budget-friendly homes in Markham or want guidance on where your money goes furthest, Michael John Lau is here to help.

As the Top Realtor in Markham, Michael provides expert insights, neighborhood comparisons, and exclusive market knowledge to help buyers make confident decisions.

🔗 Start your home search today: www.callmikelau.com
📩 Book a consultation and let Michael guide you to the right neighbourhood at the right price.