Blog > What do condos near Mount Joy GO actually cost?
What do condos near Mount Joy GO actually cost?
Condominium units near Mount Joy GO have recently been listed around $574,000 for a one bedroom plus den and around $596,000 for a two bedroom. Those are asking prices, not completed sales, and the difference matters. Markham condominium apartments averaged roughly $632,000 in 2026, took an average of 43 days to sell and traded at 96 percent of list price, which is the weakest position of any Markham home type. The province has separately proposed approximately 2,090 homes beside the station, though no application has been filed and nothing is approved. Buyers should weigh current softness against future supply.
Read Asking Prices as Asking Prices
This is the discipline that protects a buyer.
Recent listings near Mount Joy GO have advertised a one bedroom plus den at approximately $574,000 and a two bedroom at approximately $596,000. Those are what sellers are asking. They are not evidence of what anything sold for.
The gap is measurable. Markham condominium apartments have been selling at 96 percent of list price, against 98 percent for the Markham market as a whole. On a $596,000 asking price, a 96 percent ratio implies roughly $572,000. That is a $24,000 difference between the number in the advertisement and the number in the market.
Michael John Lau, a REALTOR® who helps buyers purchase condominiums in Markham, Ontario, prices from sold comparables rather than active listings for exactly this reason. In Ontario, sold prices are available only through a brokerage-gated virtual office website, which is why a buyer cannot simply look them up.
Where the Markham Condominium Market Actually Sits
| Measure | Markham condominium apartments | Markham, all home types |
|---|---|---|
| Average price | Approximately $632,000 | $1,208,692 |
| Average days on market | 43 | 33 |
| Sale to list price ratio | 96% | 98% |
Across the Greater Toronto Area in August 2026, condominium apartments averaged $617,593, down 3.8 percent year over year, and condominium townhouses averaged $681,447, down 7.8 percent. Those were the two weakest segments in the region.
The plain reading: condominium buyers currently have more negotiating room than any other buyer group in Markham. Ten extra days on market and two percentage points of list price is real leverage.
What Is Proposed Beside the Station
Infrastructure Ontario has proposed a transit-oriented community at Mount Joy GO delivering approximately 2,090 new homes, roughly 100 new jobs, flexible retail and office space, pedestrian-friendly public space and parkland, with direct access to the station on the Stouffville line.
Three things a buyer should understand about that number.
First, nothing is approved. There is no City of Markham planning application for the site. It is not an official plan amendment, not a zoning by-law amendment and not a draft plan of subdivision. It is a provincial programme site at pre-application stage. The only public consultation on record is a virtual open house held June 18, 2026.
Second, the details are not published. Building heights, land area, retail square footage and parkland size are all unpublished. So is the answer to the question that matters most.
Third, the parking question is open. Mount Joy GO carries 1,333 parking spaces, the second largest lot in Markham. Transit-oriented communities are commonly built on station parking lots. No public source addresses what happens to those spaces. If your reason for buying near Mount Joy is driving to the station and parking free, that is the risk to investigate.
What 2,090 Units Would Do to This Market
Worth thinking through carefully, and without overstating it.
Markham recorded 282 sales across all home types in August 2026. If 2,090 units were eventually delivered near one station, that is a substantial addition to a specific submarket, and it would arrive alongside whatever the Markham Road and Mount Joy Secondary Plan produces. That separate City-led plan, adopted as Official Plan Amendment 53 in June 2024 and currently under appeal at the Ontario Land Tribunal, contemplates roughly 33,000 residents and 6,000 jobs across the Markham Road corridor.
But the timeline is long and uncertain. An unfiled provincial concept does not become occupied housing quickly. Markham permitted 4,216 units in 2024 and saw only 1,825 housing starts recognised, which is the gap between paper and construction across the whole city.
A reasonable position for a buyer: do not pay a premium today for amenity that does not exist yet, and do not discount a good unit for supply that may be a decade away. Both are speculation.
What You Are Actually Buying Near Mount Joy
Set the proposals aside and look at what exists.
- Mount Joy GO station at 1801 Bur Oak Avenue, roughly 55 minutes to Union Station, with 1,333 parking spaces and free customer parking
- Established family communities: Wismer Commons, Greensborough, Berczy Village and Swan Lake, all built largely in the 2000s
- Strong schools and the newer subdivision infrastructure that comes with them
- First quarter 2026 detached averages of approximately $1,451,000 in Wismer Commons, $1,488,000 in Berczy Village and $1,312,000 in Greensborough
A condominium at $574,000 to $596,000 in a community where detached homes run $1.3 to $1.5 million is the accessible entry point into a neighbourhood most buyers cannot otherwise reach. That is a legitimate case on its own, with no reference to future development at all.
Questions about your own property or timeline? Call Michael John Lau, REALTOR®, at (416) 700-0286 for a direct answer on your street and your situation.
Questions to Ask Before You Buy
- What did comparable units actually sell for? Not what is listed. Ask your REALTOR® for sold comparables in the same building and the same layout.
- What are the maintenance fees per square foot? A well run newer Markham building runs roughly $0.60 to $0.75 per square foot monthly. Above $0.95 warrants a closer look.
- What does the status certificate say? Reserve fund balance, planned special assessments, litigation and rental restrictions. The corporation must deliver it within 10 days and cannot charge more than $100 including tax.
- Is parking included, and is it owned or exclusive use? Particularly relevant near a station where parking may become scarcer.
- How long do you intend to hold? The condominium segment is soft. A short hold in a soft segment is the least forgiving purchase in this market.
Frequently Asked Questions
How much are condos near Mount Joy GO?
Recent listings have advertised one bedroom plus den units around $574,000 and two bedroom units around $596,000. Those are asking prices. Markham condominium apartments have been selling at 96 percent of list price, so completed sales typically land below the advertised figure.
Is Mount Joy a good place to invest?
It has real strengths, including GO access, established family communities and an accessible entry price relative to surrounding detached homes. It also has genuine uncertainties, including a soft condominium segment, roughly 2,090 proposed units nearby that are not approved, and an unanswered question about the station's 1,333 parking spaces. No one can guarantee investment performance, and any purchase should be assessed against your own holding period and financing.
How many condos are being built at Mount Joy GO?
None yet. Approximately 2,090 homes have been proposed by Infrastructure Ontario, but no City of Markham planning application has been filed and nothing has been approved.
How long is the GO train from Mount Joy to Union Station?
Approximately 55 minutes. Mount Joy is the furthest of Markham's four GO stations from downtown Toronto.
Will parking at Mount Joy GO be removed?
Unknown. The station has 1,333 spaces and no public source addresses their fate under the proposed transit-oriented community. Buyers relying on station parking should treat this as an open question and ask Infrastructure Ontario directly.
Are Markham condo prices going up or down?
Down. Greater Toronto Area condominium apartments averaged $617,593 in August 2026, down 3.8 percent year over year, and condominium townhouses fell 7.8 percent. Both were weaker than any freehold segment.
Buy on sold evidence, not asking prices
Michael John Lau prices from sold comparables rather than active listings, and separates what is approved from what is merely proposed.
Michael John Lau, REALTOR® · Markham, Ontario · (416) 700-0286
Disclaimer. Michael John Lau is a licensed REALTOR® serving buyers and sellers in Markham, Ontario and the Greater Toronto Area. Listing prices referenced are asking prices, not completed sales. Market data is approximate and current to September 2026. Development proposals described are not approved and may change or not proceed. This article is general information and is not investment advice.