This report examines the real estate market in Markham, Ontario, as of July 24, 2025. It focuses on trends, updates, and current feelings about the market. The analysis uses the latest data available from June 2025 to provide insights into market dynamics. The report combines information from reliable sources to give potential buyers, sellers, and investors a clear understanding. 

Market Trends and Statistical Overview 

The real estate market in Markham, a vital suburb in the Greater Toronto Area (GTA), shows high average prices with signs of stability. 

According to data from WOWA.ca updated as of July 4, 2025 (for June 2025), here are average sold prices and transaction numbers by property type for Markham: 

The benchmark home price in Markham was about $1,154,800 in June 2025, reaffirming its status as a premium market within the GTA. Detached homes stand out as the most expensive category, reflecting the area's ongoing demand from move-up buyers and families. 

Updates and Comparative Analysis 

Wider data from the Toronto Regional Real Estate Board (TRREB) shows that affordability improved in June 2025. The average selling price for the GTA in June was $1,101,691, a 5.4% drop from June 2024. During the same month, REALTORS® recorded 6,243 home sales, down 2.4% from the previous year, while new listings increased by 7.7% to 19,839. 

Even with some month-over-month gains, many buyers remain cautious due to economic uncertainties. TRREB indicates that although sales improved month-over-month on a seasonally adjusted basis, the average price and MLS® Home Price Index both dipped slightly compared to May 2025. This suggests a market with more options for buyers and more negotiating power amid softer prices. 

In Markham, these broader trends indicate that while demand is still strong, the market is moderately cooling. This change aligns with better affordability, lower mortgage rates (as low as 3.94% for 5-year fixed options), and an increase in listings. 

Sentiments and Market Dynamics 

Feelings about the market in Markham and the greater GTA show a mix of opportunity and caution. TRREB’s analysis reveals that buyers are taking advantage of lower borrowing costs and more listings to negotiate prices down from asking prices. This shows a movement toward a more balanced, slightly buyer-favored market. 

However, uncertainties continue due to larger economic factors. TRREB points out that interest rate policies and trade talks with the U.S. could influence consumer confidence. Further rate cuts and a solid trade agreement might boost sales activity. Issues like crime and public safety also play a role in shaping buyer confidence. 

As a local real estate professional active on social media, I see rising interest in Markham’s premium neighborhoods. This interest comes from strong local amenities, schools, transit options, and growth in the tech sector. Buyers are still cautious and looking for value. 

Neighborhood Spotlight and Investment Opportunities 

Markham’s varied neighborhoods appeal to many buyers. Based on insights from HonestDoor, top areas include: 

• Unionville: Historic charm, great schools, and Main Street shopping, ideal for families seeking detached homes or luxury condos.
• Angus Glen: Upscale golf course community featuring high-end properties and amenities.
• Markham Village: A mix of affordable townhouses and semi-detached homes, appealing to first-time buyers.
• Cornell: Rapidly developing area perfect for young families and investors.

These neighborhoods showcase Markham’s variety, offering options for short-term gains and long-term appreciation. 

Conclusion and Recommendations 

As of July 24, 2025, the Markham real estate market shows signs of stabilization, with consistently high average prices, especially for detached homes, offset by better affordability and more choices for buyers. GTA-wide trends indicate a slight cooling that benefits buyers during negotiations, while demographic and economic factors still support modest price growth over time. 

Buyers and sellers in Markham should monitor local trends closely, use trustworthy sources like WOWA.ca, TRREB Market Watch, Nesto.ca, and HonestDoor for up-to-date information, and consult experienced real estate professionals to navigate this changing market effectively. 

Why Trust Us? 

As top-performing REALTORS® in the Greater Toronto Area, we understand that buying or selling a home isn’t just a transaction, it’s a major life moment. That’s why we built the Kaizen Real Estate Team: to offer clients a more thoughtful, personalized, and strategic approach to real estate. With a strong presence in Markham and the surrounding GTA, we’ve helped countless families and investors navigate this dynamic market with confidence. We pride ourselves on professionalism, honest advice, and a commitment to getting results, without the stress. Whether you’re buying your first condo, upsizing to your forever home, or building a real estate portfolio, we’re here to guide you every step of the way, with data, strategy, and service that actually makes a difference.