Photo: Mhsheikholeslami · CC BY-SA 4.0Owners in Markham Village value their homes 73% above the median of Ontario’s towns
Owners put the median home at $1,200,000 at the 2021 census; for Ontario’s towns the median is $695,000. For Markham Village there is no published sale price, as for every town in Ontario. The 2024 property assessment puts the median residential property at $787,000. Ontario still assesses at 2016 values (MPAC’s 1 January 2016 base): a figure to set against other Ontario towns, not against prices. Figures for assessed values, values by property type and building permits are published for the city of Markham as a whole, not for Markham Village alone.
Two ways to price a home in Markham Village
Two sources, each set against Ontario’s towns only: provinces measure value differently, so they don’t line up across borders. Keep in mind these are owners’ estimates from the 2021 census, not recorded sales.
median, owners’ estimate
- Average
- $1.21M
- Owners
- 2,925
- 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).
A detached house in Markham is assessed at 3.7 times the middle of Ontario’s towns
Detached houses account for 61% of the 108,480 properties on Markham’s 2024 roll; condos for 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.
14% of Markham Village’s households are in core housing need, against 9% for Ontario’s towns
The 2021 census counted 3,890 occupied homes in Markham Village; 64% of them are single-detached houses. Half went up before 1981. Neighbourhood figures add up small census areas, and rounding can leave the parts a little under the total.
Homes by period of construction the tick is the median of Ontario’s towns
Homes by kind
| Markham Village | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 13% | 7% | 8% |
| Needing major repairs | 5% | 6% | 6% |
| Too small for the household | 4% | 5% | 3% |
| Households in core housing need | 14% | 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.
12.4 new homes a year per 1,000 in Markham: in step with Ontario’s towns (15)
From 2018 to 2023, permits in Markham created 9,308 homes, about 1,551 a year. Apartments and other multi-unit buildings dominate: only 16% were single-unit, against 66% for Ontario’s towns.
The busiest year: 2021, with 2,900 new homes
New homes a year per 1,000 homes
Down 13%: 35,927 new homes in the year to August 2026
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. · Monthly permits: one figure for all of the Toronto metro area
Markham Village against Ontario’s towns: 73% over the $695,000 median
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 Village: Greensborough, Cornell and Upper Cornell
Next to Markham Village: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Markham Village | $1.2M | $1.21M | 75% | |
| Mount Joy | $1.2M | $1.21M | 91% | 0.9 |
| Greensborough | $1.1M | $1.15M | 89% | 1.9 |
| Wismer Commons | $1.17M | $1.15M | 84% | 2.4 |
| Cornell | $950K | $1.03M | 82% | 2.6 |
| Quantztown | $1.4M | $1.32M | 91% | 2.7 |
| Upper Cornell | $1M | $1.11M | 90% | 2.8 |
Census 2021 values; km.
Questions about property prices in Markham Village
Is Markham Village expensive for Ontario?
Yes: Markham Village’s census median is above the $695,000 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).