Quick answer: If you are buying a home in Markham, expect an average price of $1,117,006 (the median was $1,050,000), based on October 2026 sales. At $1,050,000 you need a minimum down payment of $80,000 and $17,475 for land transfer tax. Markham has no municipal land transfer tax.
Markham at a glance, October 2026
- Average sale price: $1,117,006
- Median sale price: $1,050,000
- Average condo apartment: $589,740
- Average detached house: $1,522,789
- Sale price to list price: 98%
- Days on market: 30 (final listing)
- Municipal land transfer tax: No
- Region: York Region
Buying a home in Markham: where it is and who it suits
Markham is a city in York Region, directly north-east of Toronto across Steeles Avenue. It combines two heritage villages, Unionville and Markham Village, with a large technology employment base and a new urban core at Downtown Markham.
The Markham market in October 2026
| Measure | Markham, October 2026 |
|---|---|
| Sales | 260 |
| New listings | 611 |
| Sales-to-new-listings ratio | 42.6% |
| Active listings at month end | 1,069 |
| Months of inventory (12-month trend) | 4.1 |
| Average sale price | $1,117,006 |
| Median sale price | $1,050,000 |
| Average sale price to list price | 98% |
| Average days on market (final listing / total) | 30 / 45 |
Markham recorded 260 sales against 611 new listings, a sales-to-new-listings ratio of 42.6%. As a rule of thumb, a ratio below about 40% favours buyers, 40% to 60% is balanced and above 60% favours sellers, so Markham was in balanced territory for the month. Homes sold for 98% of list price.
What it costs to buy in Markham
| Example | Price | Minimum down payment | Land transfer tax | Land transfer tax, first-time buyer |
|---|---|---|---|---|
| Markham median, all home types | $1,050,000 | $80,000 | $17,475 | $13,475 |
| Average condo apartment | $589,740 | $33,974 | $8,270 | $4,270 |
| Average detached house | $1,522,789 | $304,558 | $26,931 | $22,931 |
These are the two largest cash items. For the rest, see closing costs in Ontario; for the rules behind the numbers, minimum down payment and land transfer tax in Ontario.
Types of homes in Markham
Detached homes dominate. Unionville and Markham Village have heritage houses; Cornell is a planned community with rear laneways and front porches; Berczy, Wismer, Greensborough and Angus Glen are subdivisions from the 1990s to the 2010s. Condos are concentrated in Downtown Markham, along Highway 7, in Thornhill and near Steeles Avenue.
| Home type | Sales | Average price |
|---|---|---|
| Detached | 111 | $1,522,789 |
| Condo apartment | 59 | $589,740 |
Transit and commuting
The Stouffville GO line stops at Milliken, Unionville, Centennial, Markham and Mount Joy. Viva bus rapid transit runs in dedicated lanes along Highway 7, and Highways 404 and 407 serve drivers. The Yonge North Subway Extension is planned to bring TTC Line 1 north from Finch through Thornhill.
Markham neighbourhoods at a glance
- Unionville — heritage and detached
- Markham Village — heritage and bungalows
- Cornell — detached, towns and laneway homes
- Berczy and Wismer — detached and semis
- Angus Glen and Cachet — larger detached
- Downtown Markham (Markham Centre) — condos
- Thornhill (Markham side) — detached, towns and condos
- Milliken and south Markham — detached, link homes and condos
Each one is described in where to buy in Markham: a neighbourhood guide.
What buyers in Markham should know
- Heritage districts come with rules. In Unionville and Markham Village, exterior changes to many properties need heritage approval. Ask before you plan a renovation or addition.
- Know your GO station. Five Stouffville-line stations serve Markham. Which one you use changes parking, travel time and the streets worth searching.
- No municipal land transfer tax. Cross Steeles Avenue into Toronto and a second land transfer tax applies; in Markham it does not.
First purchase? Start with the Ontario first-time home buyer guide. Selling as well? See selling a home in Markham.
Buying in Markham: common questions
Is Markham in Toronto?
No. Markham is a separate city in York Region, directly north of Toronto's Scarborough and North York districts, with Steeles Avenue as the boundary. Buyers in Markham do not pay Toronto's municipal land transfer tax.
What is the average house price in Markham?
The average sale price in Markham was $1,117,006 in October 2026 across all home types, and the median was $1,050,000, according to the Toronto Regional Real Estate Board. Condo apartments averaged $589,740 and detached houses $1,522,789.
How much is land transfer tax on a home in Markham?
At the median price of $1,050,000, land transfer tax in Markham is $17,475. Markham has no municipal land transfer tax. An eligible first-time buyer would pay $13,475 after refunds.
How much down payment do I need to buy in Markham?
The minimum is 5% of the first $500,000 plus 10% of the rest for homes under $1.5 million. At $1,050,000, the median price in Markham in October 2026, that is $80,000.
Sources
- TRREB — Market Watch October 2026 (full report, PDF)
- Toronto Regional Real Estate Board (TRREB) — Market Watch, October 2026
- Government of Ontario — Land transfer tax
- Financial Consumer Agency of Canada — Down payment
Facts checked: November 14, 2026. Rules and figures change; confirm current details with the source, your lawyer, your mortgage professional or the Canada Revenue Agency before you act. This page is general information, not legal, tax or financial advice.