Yes, Markham home prices are stabilizing, not sliding.
After months of uncertainty, the fall 2025 real estate market in Markham is showing signs of balance. Prices have leveled off, homes are spending slightly longer on the market, and buyer confidence is quietly returning, all signs of a healthy correction rather than a crash.
For families looking to make a move before the holidays, this season offers something that’s been rare in recent years: time to think, negotiate, and plan confidently.
The Markham Market by the Numbers 🍁
As the city celebrates Diwali and prepares for the winter holidays, Markham’s housing market is glowing with renewed activity. Here’s how it performed last September (2025) following the Bank of Canada’s interest rate cut:
📈 259 homes sold
💰 Average price: $1,225,059
📊 794 new listings
🏡 Homes sold in roughly 30 days
These numbers tell a clear story, lower rates improved affordability, helping more families enter the market and boosting overall buyer confidence.
Detached homes and family-sized townhouses saw the strongest activity, especially in neighbourhoods like Unionville, Cornell, Greensborough, and Box Grove, where good schools and transit access continue to drive demand.
Why the Market Is Shifting
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Rate relief encouraged movement — The summer rate cut helped reduce borrowing costs, motivating buyers who had been waiting for affordability to improve.
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More listings = more balance — With 794 new homes hitting the market, buyers have more choice, which helps cool bidding wars.
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Homes selling in about 30 days — A balanced pace that allows for thoughtful negotiations instead of rushed decisions.
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Seasonal slowdown — Fall traditionally brings steadier activity as families settle back into routines and look to move before winter.
The Big Question: Will There Be Another Rate Cut on October 29? 🎯
The Bank of Canada’s next interest rate announcement is scheduled for October 29, 2025, and anticipation is building across the real estate and financial sectors.
Many economists expect another small rate cut (about 0.25%), though opinions are divided. Stronger job growth earlier this month made a cut less certain, but inflation remains within target, leaving the door open for a modest adjustment.
Why It Matters for Markham
If the Bank delivers a rate cut:
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Borrowing costs drop again, helping more buyers qualify for mortgages.
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Confidence rises, potentially increasing activity through the winter.
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Sellers could see renewed interest, especially for well-presented, fairly priced homes.
If the Bank decides to hold rates steady:
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The market may stay balanced through late fall.
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Buyers might wait for clarity heading into early 2026.
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Sellers should remain flexible and focus on realistic pricing.
Either way, Markham’s fundamentals remain strong, with low unemployment, steady demand, and continued migration into York Region supporting long-term housing stability.
What to Expect for Winter and Early 2026 ❄️
The rest of the year will likely bring steady, moderate activity. If a rate cut does happen on October 29, we could see a slight uptick in buyer activity heading into December and renewed momentum by early spring.
If rates stay where they are, the market will likely hold its balanced tone, giving both buyers and sellers room to plan strategically.
Buyers: This fall remains a great window to purchase before competition potentially increases in 2026.
Sellers: Pricing right and showcasing your home beautifully will be key to standing out as inventory grows.
Fall into Opportunity 🍂
Markham’s housing market this fall feels calm yet optimistic, a refreshing change after several years of volatility. The combination of stable pricing, improved affordability, and seasonal steadiness makes this a perfect time to take stock and plan ahead.
As the city lights up with Diwali celebrations and the warmth of the holidays, the market reflects the same spirit: hopeful, balanced, and full of possibility.
📞 Ready to Explore the Markham Market?
Let’s take a closer look at your buying power or your home’s value in today’s evolving market.
👉 Call or text: (647) 370-8656
📧 Email: [email protected]
🌐 Visit: kaizenrealestate.ca
🏠 Quick FAQ
Q: Are home prices in Markham dropping?
➡ Not significantly, they’ve stabilized. The market is balanced, with steady prices and consistent demand.
Q: Is this a good time to buy before 2026?
➡ Yes. With steady rates and more listings, buyers have a unique opportunity to negotiate before competition picks up again next spring.
Q: What if the Bank of Canada cuts rates on October 29?
➡ A rate cut would likely boost affordability and confidence, possibly leading to increased demand through winter and early 20