100+ Pre Construction Townhomes in Markham (2025)

Markham Real Estate Snapshot: May 2025 Market Insights

Markham’s housing market remained active in May 2025, with 256 properties sold and a total transaction volume exceeding $327 million. The average home price was $1,279,253, while the median price stood at $1,230,000, highlighting consistent demand across both luxury and mid-range segments.

Detached homes led the way with 123 sales, averaging $1.68 million, appealing to buyers seeking space and privacy. Meanwhile, townhomes in Markham averaged $1.14M, and semi-detached homes came in at $1.16M—strong options for families looking to stay within the York Region corridor.

The condo market in Markham saw 59 units sold, averaging $671K, offering accessible price points near transit, tech hubs, and shopping districts. With 948 new listings and 1,311 active homes, Markham continues to deliver ample inventory and a healthy balance between supply and demand, making it an ideal choice for both homebuyers and investors.

Property Type	Sales	Dollar Volume	Average Price	Median Price	New Listings	Active Listings
All Types	256	$327,488,670	$1,279,253	$1,230,000	948	1,311
Detached	123	$207,109,332	$1,683,816	$1,505,000	411	544
Semi-Detached	18	$20,926,888	$1,162,605	$1,157,500	39	54
Townhomes	34	$39,083,688	$1,149,520	$1,185,000	158	212
Condo Apartments	59	$39,640,588	$671,874	$650,000	240	359

Final Thoughts

With steady demand and lots a variety of housing types, Markham continues to offer diversified real estate options. Whether you're seeking luxury detached homes in Markham or first-time condos near technology and transit, this city is one of the best locations for York Region purchasers to search. Keep an eye out for new condo constructions in Markham as the city ramps up its vertical product lines in the coming months.

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Markham Real Estate Market Update: March 2025 Snapshot

Markham continues to be one of the most sought-after cities in the GTA for families, investors, and immigrants. Whether you're searching for affordable homes in Markham or homes in Markham, the latest real estate figures show a competitive but opportunity-rich market.

Current Market Overview for Markham

Here's a detailed breakdown of sales and price trends across different property types:

Property Type	Sales	Dollar Volume	Average Price	Median Price	New Listings	Active Listings
All Types of Homes	238	$295,112,204	$1,239,967	$1,200,000	779	1121
Detached	99	$167,769,264	$1,694,639	$1,600,000	326	467
Semi-Detached	12	$14,542,688	$1,211,891	$1,220,344	39	47
Condos	71	$49,135,188	$692,045	$675,000	208	323
Condo Townhomes	11	$10,339,800	$939,982	$850,000	62	87
Towns	36	$42,215,376	$1,172,649	$1,164,900	119	170

 

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Markham Real Estate Snapshot: March 2025 Market Insights

In March 2025, Markham recorded a total of 220 home sales across all property types, reaching a dollar volume of $267 million. The average home price stood at $1,213,744, with a median price of $1,205,000. A total of 719 new listings entered the market, while 992 active listings were available.

Detached homes were the most dominant category, with 89 sales and a strong average price of $1.63 million. Semi-detached homes  saw limited activity, with only 10 sales, though their average price remained high at $1.2 million. Townhomes saw 36 transactions with an average price of approximately $1.16 million. Meanwhile, condo apartments remained the most affordable option, with 57 sales and an average price of $708,107.

This data reflects a market that continues to show strong demand—especially for detached and townhome properties—while condo apartments remain a popular choice for budget-conscious buyers.

Property Type	Sales	Dollar Volume	Average Price	Median Price	New Listings	Active Listings
All Types	220	$267,023,593	$1,213,744	$1,205,000	719	992
Detached	89	$145,747,794	$1,637,616	$1,538,000	302	425
Semi-Detached	10	$12,037,888	$1,203,789	$1,208,000	35	40
Townhomes	36	$41,850,600	$1,162,517	$1,179,000	112	144
Condo Apartment	57	$40,362,111	$708,107	$690,000	208	302

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Markham Overview

Markham is a city in the Regional Municipality of York, Ontario, Canada, situated in Southern Ontario within the Greater Toronto Area. It is known for its cultural and architectural beauty, covering an area of 212 sq. km. The city is governed by a council consisting of a mayor, four regional councillors, and eight ward councillors.

Markham is the largest city in York Region by population and the 4th largest in the Greater Toronto Area.

Life in Markham Neighbourhoods

Markham is a vibrant city with a diverse community blending old and new culture. Its proximity to Toronto makes it a sought-after destination for many, especially affluent youth. The city offers excellent community planning, services, and lifestyle.

Festivals in Markham

• Unionville Village Festival
• Markham Ribfest and Music Festival
• Markham Jazz Festival
• Harvest Moon Festival
• Taste of Asia
• Tamil Fest

Markham has the highest percentage of visible minorities among Canadian cities.

Leading Neighbourhoods in Markham

• Cornell: Young neighbourhood with easy access to facilities and recreation.
• Greensborough: Peaceful environment with green spaces and parks.
• Markham Village: Historic and vibrant city hub.
• Aurora Grove: Luxurious, family-friendly neighbourhood with green lands.
• Markville: Known for CF Markville shopping centre and exceptional facilities.
• Raymerville: Tranquil, family-friendly environment in central Markham.

Housing Market in Markham

The housing market in Markham is thriving, with single-family detached homes being the most sought after. Markham is approximately 30 minutes from Toronto and offers affordable options in diverse neighbourhoods.

Property Type	Average Price
Detached Homes	$1.7M
Condos	$677K
Townhomes	$999K

Markham’s real estate market ranks as the 8th most expensive in the GTA based on average home selling price.

Mortgage and Down Payment Details

Buying a property requires securing a mortgage. The minimum down payment is 5%, though 20% is standard. Payments below 20% require mortgage loan insurance.

Property Taxes

Markham’s residential property tax rate for 2021 is 0.632908%, combining municipal and provincial educational taxes, based on assessed property value by MPAC.

Land Transfer Tax (LTT)

Markham imposes a provincial land transfer tax when buying property, calculated marginally based on property value portions.

Living in Markham

Markham is in the top 5% most expensive cities worldwide but cheaper than Toronto. The average cost of living is around $1,874 per month for a single person. Major expenses include housing, transportation, and utilities.

Major Attractions in Markham

• Diverse Community
• Open Spaces and Parks
• Rich Culture and Heritage
• Strong Economy
• Safe Neighbourhoods

Weather in Markham

Markham experiences a humid continental climate with warm humid summers and cold, snowy winters. The average annual temperature is 8°C, and average rainfall is 33.9 inches.

Family Life and Education

Markham offers quality schools and a family-friendly environment with parks and playgrounds, close to Toronto.

• Stonebridge Public School (K-8)
• Coledale Public School (K-8)
• Castlemore Public School (K-8)
• Bur Oak Secondary School (9-12)
• Markville Secondary School (9-12)
• Seneca College
• Evergreen College

Weekend Getaways in Markham

Milne Dam Conservation Park

Markham's largest park with walking and biking trails, picnic areas, and fishing in the Rouge River.

Flato Markham Theatre

A premier venue hosting plays, concerts, and comedy shows suitable for all ages.

Markham Museum

Historic museum with over 20 buildings and artefacts showcasing Markham's heritage.

Reesor Farm Market

Largest farmer’s market in York offering fresh farm produce and baked goods.

Bob Hunter Memorial Park

A tranquil greenspace with scenic trails alongside the Rouge River.

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