Markham Real Estate & Houses for Sale

Markham City's population has increased by more than 15%, roughly three times faster than Canada's population over the same period, because of lower property costs and taxes. The Markham housing market was extremely strong during the previous decade. Don't wait long if you're looking for properties for sale in Markham. With continuously added listings, properties did not stay on the market long. As of mid-2017, the Markham real estate market was named the 8th fastest-selling city in the Greater Toronto Area out of 23 regions. Moreover, Markham has the largest recognised minority population among any significant Canadian town. East Asians account for over 40% of the city's population. Presently, Markham's median sale price is $1,300,900, and selling-to-listing price ratio is  109.5 %. The table below shows current trends in the market scenario with sustained asset demand.

Markham Guide & Infrastructure

Markham is the largest city in the Greater Toronto Area (GTA) and the 16th largest in Canada. It comprises a sizable Asian population. Pacific Mall is North America's largest Asian indoor market. Moreover, Unionville is Markham's hallmark neighbourhood. It draws numerous visitors and tourists who admire its historic downtown retail district and picturesque residential landscapes with historic properties. 

In addition, Markham's economy was running based on farmland, mills, and distilleries a century ago. These days, light businesses and manufacturing keep the city's economy functioning. In the 1980s, many multinational corporations relocated their headquarters to Markham due to lower land costs and taxes. Now, the city is known as IT Hub, which holds offices for over 1,000 technological and life science companies, including IBM, Advanced Micro Devices, Motorola, and Honeywell. The city's major employers include technology businesses, which employ more than 20% of the workforce, the municipality, TD Waterhouse, and Markham Stouffville Hospital.

Further, Markham has three Go Train stops: Markham Village, Unionville, and Milliken. Andre De Grasse, a Canadian Olympic Medalist, was raised in Markham. It is also the hometown of NHL players Mitch Marner, Steven Stamkos, and Jeff Skinner.

New MLS Listings Markham

MLS listings in Markham provide detailed information on housing possibilities, including apartments, townhouses, condominiums, and other forms of housing. In the previous 18 days, Markham's property market has seen around 640 new listings, including various housing styles configured differently.

Markham Real Estate Price Trends

Markham's real estate price trends have showcased significant developments. The table below presents data based on an average of 28 days on the market before selling. This is a significant decrease from the previous year in the residential property in the area. The current average median price is  $1.2 million, a minor decrease from the previous year. This trend is mirrored across several housing types in Markham’s housing market. However, Markham’s real estate price trends have witnessed a monthly increase of 0.9% and a slight decrease in yearly demand by 5.9%. 

In recent months, the median price of detached homes has dropped significantly, while median condo and townhouse prices have partially decreased. These variances point to a continuous demand for affordable housing alternatives in Markham, which first-time homebuyers and investors alike could fuel.

*The marked indices are subject to changes as per market fluctuations.

Real Estate Market Scope & Opportunity

The stability of Markham's real estate market makes it ideal for investors and purchasers. Analysing these trends might help you make intelligent choices when buying properties in Markham. Buyers and investors interested in the Markham real estate market should contact Square Yards for more information about the area.

Popular Neighbourhoods in Markham

Some of the popular neighbourhoods in Markham are :  

Unionville 

The initial residents in Unionville were German immigrants from the United States who arrived in 1794. Unionville's traditional main street is one of the Greater Toronto Area's most picturesque hamlet settings. It is also a popular tourist destination, with numerous good restaurants, taverns, and curio shops. Unionville's main street is a bustling area with a vibrant vibe and various activities throughout the year. Toogood Pond Park, a vast greenspace and pond in the heart of the area, connects the ancient village to some of Unionville's newer portions.

Milliken Mills 

Milliken Mills is located southeast of Markham. The City of Toronto borders this community on Steeles Avenue to the south, and Highway 407 is Milliken's northern limit. Milliken Mills is a reasonably priced neighbourhood by GTA standards. It is mainly inhabited by East and South Asian families, whose impact is evident in the neighbourhood's numerous Asian grocery stores and eateries. The Milliken Go station on Redlea Avenue, immediately south of Steeles Avenue, gives commuters quick access to downtown Toronto's Union Station.

Markham Village

Markham Village features architectural gems dating from the mid to late 1800s and early 1900s. Some are rather large, while others are relatively modest in size and look. All have been meticulously maintained and show pride of possession. These suburbs share community traits such as lush terrain with many trees, twisting roads, valleys and hills, streets lacking sidewalks, community commercial plazas, beautiful tiny parks and several detached homes on significant properties.

Buy Property in Markham

Markham is one of the fastest-selling municipalities in Ontario. The apartment units are conveniently located near the GO station and Highway 407. Residents also have easy access to outstanding educational institutions, medical facilities, restaurants, parks, and other attractions.

Home buyers looking to buy property in Markham may turn to Square Yards for a smooth transaction. Our extensive listings provide various housing options to meet every demand and budget.

Property Options in Markham - [P.Types] & [Beds]

Home seekers looking to buy properties in Markham have access to a wide variety of configurations from which to choose. From studio apartments to sprawling 7-BHK homes, here are the available configurations of the most popular housing types in Markham :