Published 29 September 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
In August 2026 TRREB recorded 57 condo apartment sales in Markham at an average of $638,332 and a median of $563,800, with units selling at 97 percent of list price after an average of 40 days. There were 356 active listings, about 6.2 months of supply at that pace, and a sales-to-new-listings ratio of about 31 percent, so buyers have choice. Markham’s median was the highest of York Region’s three big condo markets and $13,800 above the City of Toronto’s. The $74,532 gap between average and median means a few large or premium units lifted the average; price a typical unit from the median and from recent sales of its layout. Markham has no municipal land transfer tax, which saves your buyer $7,751 at the median compared with Toronto.
Markham condo prices, August 2026
| Condo apartments, August 2026 | Sales | Average | Median | New listings | Active listings | Sale to list | Avg. days on market |
|---|---|---|---|---|---|---|---|
| Markham | 57 | $638,332 | $563,800 | 181 | 356 | 97% | 40 |
| York Region | 170 | $601,251 | $538,500 | 507 | 1,098 | 97% | 44 |
| Richmond Hill | 33 | $538,509 | $500,000 | 94 | 197 | 95% | 47 |
| Vaughan | 63 | $607,650 | $525,000 | 193 | 431 | 96% | 41 |
| City of Toronto | 885 | $651,648 | $550,000 | 2,303 | 4,938 | 96% | 39 |
| All TRREB areas | 1,330 | $617,593 | $530,000 | 3,579 | 7,882 | 96% | 41 |
Source: TRREB Market Watch, August 2026. One month of data; 57 sales is a modest sample.
How Markham compares
On price, Markham led York Region in August. Its $563,800 median was $25,300 above York Region’s, $38,800 above Vaughan’s, $63,800 above Richmond Hill’s and even $13,800 above the City of Toronto’s (all arithmetic on TRREB’s figures). On speed and pricing accuracy it also did well: 97 percent of list price, matching York Region and ahead of Vaughan at 96 and Richmond Hill at 95, and 40 days on market, the quickest of the three and close to Toronto’s 39.
Where Markham looked weaker was supply. Its sales-to-new-listings ratio of about 31 percent was the lowest of the group (York Region about 34, Vaughan about 33, Richmond Hill about 35, Toronto about 38), meaning a lot of new listings came on relative to sales. At about 6.2 months of inventory, Markham had a little less supply than Vaughan at 6.8 and York Region at 6.5, but more than Toronto at 5.6. The overall picture: units that are priced right sell quickly and close to asking, but there are enough listings that an overpriced unit simply gets skipped.
Average or median: which one is your unit?
Markham’s average was $74,532 above its median. With 57 sales, a handful of large or penthouse units pulls the average up, so the median is the better start for a typical one-bedroom or one-bedroom-plus-den. Either way, price from sales of your own layout.
What the numbers mean for your list price
A 97 percent sale-to-list ratio measures only the units that sold, against their final list price, some already reduced. The more telling numbers are 356 active listings and a 31 percent sales-to-new-listings ratio: buyers can tour several similar units in a weekend, often in neighbouring towers. Price from the last three months of sold data for your layout and get it right in the first two weeks, when a listing gets the most attention.
Where in Markham your condo is
Markham’s condo stock is spread across several distinct areas, and buyers shop them differently:
- Markham Centre and the Highway 7 corridor. The newer towers around Warden Avenue and Highway 7, near Unionville GO station, the Viva rapid transit line and York University’s Markham campus. Lots of recent completions, lots of similar units, strong investor and commuter demand.
- Unionville. Buildings near historic Main Street Unionville and Toogood Pond draw buyers who want the village setting, including downsizers from nearby houses.
- Thornhill and the Yonge and Steeles side. The Markham portion of Thornhill, east of Yonge, has older condo buildings with larger units, which suit buyers who value space over amenities.
- Milliken, Cornell and the east. Smaller condo pockets near Steeles and Kennedy and in Cornell, typically with lower price points.
For commuters, a short walk to a GO station or Viva stop widens the buyer pool.
What moves your unit above or below the median
- Size and layout. Newer towers have many compact one-bedroom-plus-den units; true two-bedroom, two-bathroom layouts are scarcer and trade well above the median. A den with a door, or big enough to be a room, helps.
- Floor, view and exposure. Higher floors with open views sell for more; units facing Highway 7, the 404 or a construction site sell for less. See choosing a condo exposure.
- Parking and locker. Most Markham buyers drive at least some of the time. A unit without parking has a much smaller buyer pool.
- Building age and fees. Older buildings tend to have larger units and higher fees; newer towers have smaller units and more amenities. Lenders count half the condo fee against the buyer’s borrowing, so fees affect what a buyer can offer.
- Competition from new buildings. Recently completed towers and assignment sales compete for the same buyers. Urbanation counted 4,295 completed, unsold new condos across the Greater Toronto and Hamilton Area in the first quarter of 2026, a record.
- The corporation. The status certificate shows the reserve fund, any special assessment and any litigation; a healthy reserve fund makes an older building an easy sale.
- Tenancy and condition. A vacant, well-kept unit sells to everyone; a tenanted one to fewer buyers. See how much less a tenanted condo is worth.
The land transfer tax point
Markham has no municipal land transfer tax; Toronto does. At Markham’s $563,800 median, a buyer pays $7,751 in Ontario land transfer tax. The same purchase in Toronto costs another $7,751 in municipal tax, $15,502 in total (arithmetic, before any first-time buyer rebates). For a buyer deciding between a unit in Markham and one just across Steeles in Scarborough or North York, that is real cash at closing, and it is worth pointing out in your listing. For the Toronto side of that comparison, see how much a condo is worth in Scarborough and in North York.
How to get an accurate number for your unit
The municipal median is a starting line, not your price. Run the estimator below first: it gives you a range in about a minute. Then get a broker price opinion from the three most recent sales of your layout in your building, or in the most similar buildings nearby, adjusted for floor, view, parking and condition and checked against the active listings you would compete with. If nothing in your building has sold lately, see how to price a condo when nothing in your building has sold. If you also own a house in the area, the Markham home values page covers freehold prices.
Two tools help here: the AI condo value estimator below gives you a range in about a minute, and the net proceeds calculator turns any price into what actually lands in your account.
Where I fit
I sell condos across York Region as well as Toronto, Peel and Halton. For a Markham unit I start from the sales of your exact layout, read the status certificate, and check what the new towers nearby are offering. Run the estimator below, then book a call and I will walk you through the sales that set your price.
Free tool — AI condo value estimator
Condo Valuation
What’s your condo
worth today?
Three quick steps. Condos don’t price like houses — your floor, your view, and whether you own parking move the number more than anything else. This weighs all of them.
Reading recent condo sales…
Estimated market value
—
$0–$0
Most likely $0 · about $0 per square foot
What moved the number
Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.
Market context
—
—
Two units, same floor plan,
$90,000 apart.
That happens constantly in condos — one has the parking, the right exposure, or a board that keeps the reserve fund healthy. A model can’t see your status certificate. I can.
Frequently asked questions
How much is a condo worth in Markham in 2026?
In August 2026 Markham condo apartments sold at a median of $563,800 and an average of $638,332, according to TRREB’s Market Watch. A typical unit is better anchored to the median, then adjusted for its layout, floor, parking and fees.
How much is a 2 bedroom condo worth in Markham?
TRREB’s monthly tables do not split prices by bedroom count. True two-bedroom, two-bathroom units are scarcer than one-bedroom-plus-dens and usually trade above the $563,800 median; recent sales of the same layout nearby give the real number.
Are Markham condo prices going down?
One month of data cannot show a trend. In August 2026 Markham had about 6.2 months of inventory and a 31 percent sales-to-new-listings ratio, so buyers have choice, but units still sold at 97 percent of list.
How long does it take to sell a condo in Markham?
An average of 40 days in August 2026, faster than York Region’s 44.
Does Markham have a municipal land transfer tax?
No. Buyers pay only Ontario’s tax, $7,751 at the $563,800 median, against $15,502 for the same price in Toronto.
Is now a good time to sell my condo in Markham?
If your plans call for selling, well-priced units are selling close to asking. The risk is overpricing: with 356 active listings, buyers skip units priced above recent sales.
Sources
- TRREB — Market Watch, August 2026 — condominium apartment tables by region and municipality
- Urbanation — Standing condo inventory hits record high in Q1 — 4,295 completed, unsold new condos, Q1 2026
- CMHC — Calculating GDS / TDS — 50% of condominium fees counted; 39% / 44% limits
- Condominium Authority of Ontario — Status certificates — 10 days, up to $100, Condominium Act s. 76
- Condominium Authority of Ontario — Reserve funds and reserve fund studies — studies at least every three years
Related reading
- How much is my condo worth in Richmond Hill?
- How much is my condo worth in Vaughan?
- How much is my condo worth in North York?
- How much is my condo worth in Scarborough?
- Markham home values
- Is the online estimate for my condo accurate?
- How much will I walk away with selling my condo?
About the author — Jatin Dua, Toronto and GTA real estate broker
I am Jatin Dua, Broker of Record and co-founder of RE/MAX Quantum Realty Inc., Brokerage, Unit 101, 799 The Queensway, Etobicoke. I work with buyers and sellers across Toronto and the GTA, and I have helped more than 100 families sell their condos. Four-plus years of active GTA transactions and over $100 million in sales volume. Every market figure here comes from TRREB’s published tables and every rule from the regulator or the legislation, so you can check all of it without asking me.
Reach me at connect@jatindua.com or 833-330-1925, or book a call.