Blog > Should I Sell My Markham Home Before Spring 2027? What September's TRREB Data and the Bank of Canada Signal
Should I Sell My Markham Home Before Spring 2027? What September's TRREB Data and the Bank of Canada Signal
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It depends on your timing and your home, not just the season. In September 2026, Markham had 245 sales, 1,122 active listings and an average price of $1,125,353, with the MLS HPI composite benchmark at $1,052,500, down 6.02% from a year earlier. TRREB's trend measures put Markham at about 4.1 months of inventory, a balanced market. Spring usually brings more buyers but also more competing listings, and the Bank of Canada's October 28 decision may move borrowing costs. If you need to move by spring, preparing now and listing when competition is light can work in your favour.
Every fall, the same question comes up at kitchen tables across Markham. Do we list now, or wait for spring? Waiting feels safe. But waiting is also a decision, and it carries its own risks.
This guide looks at what September's TRREB numbers say about Markham, what the Bank of Canada could do on October 28, and a simple way to decide what fits your family.
Michael John Lau is one of Markham's top real estate agents, with 430+ homes sold, a 5.0 rating across 81 Google reviews, and eXp ICON Agent awards in 2024 and 2025. He helps sellers decide on timing using street-level data, not headlines. This is the framework he walks through with clients.
| Markham, Sept 2026 | All types | Detached | Condo apartment |
|---|---|---|---|
| Sales | 245 | 108 | 55 |
| Average price | $1,125,353 | $1,534,139 | $574,612 |
| Median price | $1,051,000 | $1,381,500 | $535,000 |
| New listings | 729 | 292 | 206 |
| Active listings | 1,122 | 462 | 354 |
| Sale-to-list price | 98% | 98% | 98% |
| Average days on market | 34 | 31 | 40 |
| MLS HPI benchmark (YoY) | $1,052,500 (-6.02%) | $1,441,700 (-5.61%) | $517,200 (-9.70%) |
Key takeaways
- Markham, September 2026: 245 sales, 729 new listings, 1,122 active listings, average price $1,125,353.
- MLS HPI composite benchmark: $1,052,500, down 6.02% year over year.
- TRREB's trend figures show about 4.1 months of inventory in Markham, a balanced market.
- The Bank of Canada decides on October 28: hold at 2.25% or hike to 2.50%.
- Spring brings more buyers and more listings. The right time depends on your next move, not the calendar alone.
What is the Markham market doing right now?
September was quiet. TRREB said buyers were in a holding pattern across the GTA, where sales fell 9.0% from a year earlier to 5,040 and the average price fell 5.1% to $1,006,409.
In Markham, 245 homes sold and 729 new listings came on. The average price was $1,125,353, and homes sold for about 98% of their asking price after 34 days on average. Compared with August, sales dipped from 282 and new listings rose from 584, which is typical as fall listings arrive.
Prices are softer than last year. The Markham MLS HPI composite benchmark, which tracks a typical home, was $1,052,500, down 6.02% year over year. Detached homes were down 5.61% and condo apartments down 9.70%.
For a deeper look, see the monthly Markham market update for sellers.
Is it a buyer's or seller's market in Markham?
Right now Markham sits in balanced territory. TRREB's trend measures show a sales-to-new-listings ratio of about 40.5% and about 4.1 months of inventory. Richmond Hill is softer, at about 33.3% and 5.6 months, which leans toward buyers.
A balanced market means well-priced, well-presented homes still sell. Homes that are priced on hope tend to sit. Read more in our comparison: Is Markham a buyer's market?
How could the October 28 Bank of Canada decision affect sellers?
The Bank of Canada's policy rate has been 2.25% since October 2025. September inflation rose to 3.1%, driven largely by gasoline, and on October 28 the Bank will choose between holding and a hike to 2.50%. Economists at the big banks have mostly leaned toward a hold, while markets moved toward a hike after Governor Macklem signalled a higher inflation outlook.
Why it matters to sellers: higher rates reduce how much buyers can borrow, and talk of hikes can keep some buyers on the sidelines. A hold could give buyers more confidence. Either way, fixed mortgage rates follow bond yields, and the 5-year Government of Canada yield has already risen to about 3.6%.
Full details: BoC October 28 decision: what it means for Markham owners.
Fall, winter or spring: what are the trade-offs?
- Listing this fall or winter: fewer competing listings, and the buyers who are out tend to be serious. Fewer buyers overall, and shorter days for showings.
- Waiting for spring 2027: more buyers usually return, but so do more sellers. You also take on the risk of interest-rate moves and price changes between now and then.
- Preparing now, listing early in the new year: many sellers use the winter to finish repairs and staging, then list before the spring rush.
No one can promise prices will be higher in spring. Markham's benchmark has been lower than last year for several months, and the rate outlook is uncertain.
How to decide: five questions
- When do you need to move? A firm date for school, work or family usually matters more than the season.
- Are you buying next? If you are buying in the same market, a softer market helps on the purchase side too. See buy before you sell in Markham.
- What do comparable homes on your street look like? Competition in your price range and property type matters more than city averages.
- Is your home ready? Repairs, paint and staging can change how buyers see value.
- What can you net? Run the numbers on the cost to sell a house in Markham.
A simple fall-to-spring plan
- Now: get a pricing review based on recent sales on your street.
- November and December: handle repairs, decluttering and paint while trades are easier to book.
- January to March: photos, video and launch when competition is lighter, or hold for April if your timing allows.
Start with a free home evaluation in Markham or learn how Michael's seller services work.
General information only, not financial, legal or tax advice. Figures are from the sources listed and may change.
Frequently asked questions
Is now a good time to sell a house in Markham?
Markham was balanced in September 2026, with about 4.1 months of inventory on TRREB's trend measure and homes selling at about 98% of asking. Well-priced homes still sell. The right time depends on when you need to move and what you plan to buy next.
Will Markham home prices go up in spring 2027?
No one can say for certain. Markham's MLS HPI composite benchmark was $1,052,500 in September 2026, down 6.02% from a year earlier. Spring usually brings more buyers, but also more listings, and interest rates may change.
What was the average home price in Markham in September 2026?
TRREB reported an average price of $1,125,353 for all home types in Markham in September 2026, with a median of $1,051,000. The detached average was $1,534,139.
How long are Markham homes taking to sell?
In September 2026, Markham homes sold in 34 days on average across all types: 31 days for detached homes and 40 days for condo apartments.
Does the Bank of Canada decision affect my home sale?
Indirectly. Rate changes affect how much buyers can borrow and how confident they feel. The Bank decides on October 28, 2026 whether to hold at 2.25% or raise its rate.
Should I renovate before selling?
Usually only targeted updates make sense, such as paint, repairs and staging. Large renovations rarely return their full cost. Get a pricing review before you spend.
Talk to a Markham REALTOR® who knows these streets
Wondering whether to list now or wait? Michael John Lau can review recent sales on your street and map out the best window for your move.
Call (416) 700-0286Free home evaluationKeep reading
Sources
- TRREB Market Watch, September 2026
- TRREB MLS® HPI Public Tables, September 2026
- TRREB news release, October 6, 2026
- Bank of Canada: Policy interest rate
- Statistics Canada: Consumer Price Index, September 2026
- Bank of Canada: Government of Canada bond yields
Information is accurate to the best of our knowledge as of October 23, 2026 and may change. Not intended to solicit buyers or sellers currently under contract.
