Photo: Raysonho @ Open Grid Scheduler / Grid Engine · CC0A newly built town: 47% of the homes in Markham date from 2001 or later (Ontario’s towns: 17%)
In May 2021 the median owned home was worth $1,100,000 by its owner’s reckoning, the average one $1,208,000. No open sale prices are published in Ontario, so for Markham the census value is the measure. On the 2024 assessment, the middle residential property is valued at $787,000. MPAC hasn’t reassessed since its 1 January 2016 values, which is why the figure sits well under the census value; it compares only within Ontario.
What Markham’s homes are worth, two ways
Each source sits beside its own median for Ontario’s towns; none compares across provinces, which value homes in their own ways. Self-assessed in May 2021, these values predate the rate rises that followed.
median, owners’ estimate
- Average
- $1.21M
- Owners
- 90,535
- Ontario’s towns
- $695K
- The typical Canadian town
- $406K
all residential, MPAC 2016 base
- Ontario’s towns
- $232K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
On the assessment roll, Markham’s houses sit at 3.7 times Ontario’s towns
In 2024, Markham had 108,480 residential properties on the roll, detached houses 61% of them and condos 16%.
Median assessment by type, 2024 the tick is the median of Ontario’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of Ontario’s towns with their own figure; assessments compare within a province only.
More condos than most: 21% of the homes in Markham (Ontario’s towns: 7%)
Of the 110,865 homes people lived in across Markham at the 2021 census, 56% were single-detached houses.
Homes by period of construction the tick is the median of Ontario’s towns
Homes by kind
| Markham | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 21% | 7% | 8% |
| Needing major repairs | 3% | 6% | 6% |
| Too small for the household | 7% | 5% | 3% |
| Households in core housing need | 15% | 9% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
Markham permitted 12.4 new homes a year per 1,000, close to the 15 of Ontario’s towns
Over 2018–2023, 9,308 homes were permitted in Markham, close to 1,551 each year. Very few were houses: 16% in single-unit buildings (Ontario’s towns: 66%).
The busiest year: 2021, with 2,900 new homes
New homes a year per 1,000 homes
35,927 new homes in the 12 months to August 2026, down 13% on the year before
Area-wide: monthly permits, counted over the Toronto metro area
Statistics Canada, tables 46-10-0087 (building permits by census subdivision, 2018–2023: dwelling units created, new construction and conversions) and 34-10-0292 (monthly, metro areas). Per 1,000: units a year over 2019–2023 against occupied homes in 2021.
Markham is 58% above the $695,000 median of Ontario’s towns
871 of Ontario’s towns (2,500 people or more), by median value at the 2021 census, dearest first.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Lower values near Markham: Hagerman's Corners, Underwood and Brown's Corners
The places around Markham at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Markham | $1.1M | $1.21M | 82% | |
| Unionville | $1.51M | $1.5M | 84% | 1.5 |
| Hagerman's Corners | $1M | $1.08M | 74% | 2.1 |
| Quantztown | $1.4M | $1.32M | 91% | 2.1 |
| Berczy Village | $1.3M | $1.24M | 85% | 3.2 |
| Underwood | $1M | $1M | 87% | 3.3 |
| Brown's Corners | $700K | $769K | 67% | 3.3 |
Census 2021 values; km.
Questions about property prices in Markham
Is Markham expensive for Ontario?
Above the norm for Ontario’s towns, whose median home is worth $695,000; Markham’s is worth more.
How many households in Markham are in core housing need?
Statistics Canada puts 15% of Markham’s households in core housing need, a higher share than the 9% of Ontario’s towns.
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program · Statistics Canada, building permits (tables 46-10-0087 and 34-10-0292). Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).