Balanced Market
Mortgage Rates in Markham, ON
Markham is York Region's tech hub and one of Canada's most diverse cities, with strong school rankings and proximity to Toronto.
Avg Home Price
$1,050,000
Benchmark Price
$1,000,000
Year-Over-Year
↓ 2.5%
Best 5-Yr Fixed
4.89%
Today's Best Rates Near Markham
| Rate Type | Best Rate |
|---|---|
| 5-Year Fixed | 4.89% |
| 5-Year Variable | 5.45% |
| 3-Year Fixed | 4.74% |
| 2-Year Fixed | 5.1% |
| HELOC | 6.2% |
*Based on $500K mortgage, 25-year amortization, Canadian semi-annual compounding. Last updated: May 25, 2026.
Markham Real Estate Market
Balanced Market: Supply and demand are roughly equal — a stable environment for buyers and sellers.
Markham is York Region's tech hub and one of Canada's most diverse cities, with strong school rankings and proximity to Toronto.
Land Transfer Tax — Markham
Markham buyers pay Ontario provincial LTT only (no municipal LTT). First-time buyers receive rebates up to $4,000.
Neighbourhoods in Markham
UnionvilleThornhillCornellMillikenBerczy Village
Frequently Asked Questions
What is the average home price in Markham?
The average home price in Markham is approximately $1.05M, with detached homes averaging around $1.3M and townhouses around $850K.
Why is Markham so popular with buyers?
Markham offers top-ranked schools, a strong tech employment base, diverse communities, and relatively easier access to Toronto than many comparable-priced markets.
What are the best neighbourhoods in Markham?
Unionville is a charming heritage area. Cornell is a planned community with good schools. Berczy Village and Angus Glen are popular for families.
Is Markham real estate a good investment?
Markham's strong school rankings, tech sector employment, and diverse immigrant community create consistent demand. Long-term fundamentals remain strong.
Does Markham have good transit to Toronto?
Markham has YRT bus service and GO Transit connections. The York-Spadina subway extension to Richmond Hill will improve transit access when complete.
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