Buying a home in Markham in 2026 is one of the biggest financial and lifestyle decisions you’ll make. With ongoing population growth, strong school zones, and steady demand across York Region, Markham continues to attract first-time buyers, growing families, and investors alike.

That’s why Michael John Lau and Neeraj Moolchandani of Kaizen Real Estate focus on education-first guidance, helping buyers understand the process, the numbers, and the neighbourhoods before making an offer.

This guide explains exactly how to buy a home in Markham in 2026, with clear steps, expert insights, and links to deeper resources along the way.

Step 1: Understand the Markham Real Estate Market in 2026

Before you start browsing listings, you need context.

What the Markham market looks like in 2026:

• Strong demand driven by schools, transit, and tech employment

• Limited inventory in detached and freehold townhomes

• Condos remain popular for first-time buyers and downsizers

• Neighbourhood-level pricing differences of hundreds of thousands of dollars

Is Markham a good place to buy a home in 2026?
Yes. Markham remains one of the most stable and desirable markets in the GTA due to long-term demand, infrastructure investment, and strong resale value.

Step 2: Set Your Budget and Down Payment

Understanding your true buying power prevents disappointment and overextension.

Minimum down payment requirements (Canada):

• 5% on the first $500,000

• 10% on $500,000–$999,999

• 20% for homes priced at $1,000,000+

Additional costs buyers often forget:

• Ontario Land Transfer Tax

• Legal fees & disbursements

• Home inspection

• Title insurance

• Moving & setup costs

💡 Expert Tip: Buyers should budget 1.5%–4% of the purchase price for closing costs in Markham.

Step 3: Get Mortgage Pre-Approval Before Shopping

Mortgage pre-approval is not optional in a competitive market like Markham.

Why pre-approval matters:

• Confirms your maximum purchase price

• Locks in interest rates

• Strengthens your offer

• Prevents emotional overspending

In 2026, lenders continue to assess:

• Credit score and payment history

• Income consistency

• Debt-to-income ratio

• Stress test qualification

Michael John Lau and Neeraj Moolchandani work closely with trusted mortgage professionals to ensure buyers understand not just how much they qualify for, but what they should comfortably afford.

Step 4: Choose the Right Markham Neighbourhood

Markham neighbourhoods vary significantly in price, home style, and lifestyle.

Popular Markham areas by buyer type:

• Unionville: Character homes, walkability, heritage appeal

• Cornell: Newer builds, family-friendly planning

• Wismer: Top-ranked schools and transit access

• Angus Glen: Golf community and luxury homes

• Cachet: Larger homes and established streets

What is the best neighbourhood to buy a home in Markham?
The best neighbourhood depends on your goals, schools, commute, home size, and long-term value all play a role.

Step 5: Start Home Showings with a Local Markham REALTOR®

Photos and virtual tours only tell part of the story.

A local Markham REALTOR® helps you:

• Identify over-priced listings

• Spot renovation or structural red flags

• Compare recent sold data accurately

• Understand micro-market trends street by street

Michael John Lau and Neeraj Moolchandani bring local insight + negotiation strategy, helping buyers avoid costly mistakes and emotional decisions.

Step 6: Make a Competitive (But Smart) Offer

Winning an offer in Markham isn’t always about paying the highest price—it’s about structure and timing.

Key components of a strong offer:

• Price based on recent comparables

• Flexible closing date

• Strategic deposit

• Carefully considered conditions

💡 Buyer Strategy Insight:
Knowing when to compete and when to walk away protects both your finances and peace of mind.

Step 7: Home Inspection, Financing & Conditions

Once your offer is accepted:

• Book a professional home inspection

• Review condo status certificates (if applicable)

• Finalize mortgage approval

• Satisfy any remaining conditions

This step ensures there are no surprises after closing.

Step 8: Closing Day & Getting the Keys 🔑

Before closing day:

• Conduct a final walkthrough

• Lawyer completes title transfer

• Funds are released

• Keys are handed over

🎉 You’re officially a Markham homeowner.

Frequently Asked Questions 

How long does it take to buy a home in Markham?

Typically 30–90 days, depending on market conditions and financing.

Is 2026 a good year to buy in Markham?

Yes, buyers who prepare early and act strategically can still secure excellent opportunities.

Do buyers pay REALTOR® fees in Ontario?

In most cases, the seller pays the commission, making professional representation extremely valuable for buyers.

Final Thoughts: Buy Smart in Markham in 2026

Buying a home in Markham in 2026 requires preparation, patience, and expert guidance. With the right strategy, you can buy confidently—even in a competitive market.

Michael John Lau and Neeraj Moolchandani of Kaizen Real Estate help buyers navigate Markham real estate with clarity, data, and long-term thinking, not pressure.

📞 Ready to Buy a Home in Markham?

Kaizen Real Estate
📱 647-370-8656