Buying a Home in Markham, Ontario in 2025

Average Home Prices in Markham (2025)

Markham, part of York Region, is consistently ranked among Canada's most innovative cities and is home to the Canadian headquarters of IBM, AMD, Huawei, and dozens of other tech giants. This economic foundation supports strong property values and demand from tech workers, professionals, and immigrant families. 2025 average prices:

Markham's overall average is approximately $1,100,000 across all property types. The city is known for its newer housing stock, excellent schools (particularly in Unionville and Milliken Mills), and strong East Asian community infrastructure — driving consistent demand. Markham's real estate market has proven remarkably resilient, with strong buyer pools from the Chinese-Canadian community and tech sector workers.

Steps to Buy a Home in Markham

1. Understand the market. Markham's high demand and limited supply — especially for detached homes near top schools — means competition remains fierce. Come prepared with financing and quick decision-making ability.
2. Save 20% down payment. Most Markham homes exceed $1M, requiring 20% minimum. On a $1.1M home, that's $220,000 plus closing costs.
3. Get pre-approved with a strong lender. York Region purchases over $1M require conventional mortgages (no CMHC insurance). Ensure your lender is experienced with high-value GTA properties.
4. Hire an agent who knows Markham school zones. Many Markham buyers are purchasing specifically for access to Unionville HS, Pierre Elliott Trudeau HS, or other high-ranking schools. School zone expertise is essential.
5. Move quickly on desirable listings. Well-priced homes in Markham's top areas receive multiple offers. Pre-inspections or bully offers may be necessary for competitive properties.
6. Review York Region development charges. New-build purchases in Markham may have development charges that significantly add to the cost. Confirm all charges with your lawyer.
7. Finalize financing. High-value conventional mortgages require thorough income verification. Ensure your T4s, NOAs, and employment confirmation are ready for quick submission.
8. Close with a York Region real estate lawyer. Title insurance, LTT payment, and key handover happen on your closing day.

Best Neighbourhoods to Invest in Markham (2025)

• Unionville: Markham's crown jewel. Heritage village main street, top-ranked schools, and some of the GTA's most desirable family homes. Premium prices, premium resale.
• Angus Glen: Golf course community with executive homes. One of York Region's premier addresses for luxury detached homes and townhouses.
• Cornell: Northeast Markham's newer development. LEED-certified smart community with parks, schools, and growing amenities. Strong family demand.
• Cathedraltown: Newer development in north Markham. Strong East Asian buyer demand, newer builds, good schools. Growing commercial infrastructure.
• Milliken Mills: Central Markham with strong Chinese-Canadian community infrastructure. Excellent schools, transit access, and consistent demand.
• Wismer / Greensborough: Markham's mid-range family area. More affordable than Unionville with similar school quality. Strong townhouse and semi-detached market.

Ontario Land Transfer Tax Calculator — Markham

Best Banks & Lenders in Markham