The fall market is officially underway, and September 2025 brought renewed momentum to the Greater Toronto Area (GTA) housing market, with Markham closely following these trends. Lower borrowing costs, following the Bank of Canada’s recent rate cut, gave buyers some much-needed relief and encouraged more households to step back into the market.

At the same time, an increase in listings in Markham meant that buyers had plenty of choice, keeping prices competitive and negotiations active. Let’s break down what happened in Markham last month and what it means for buyers, sellers, and investors moving forward.

📈 Home Sales in Markham

Markham REALTORS® reported 259 home sales in September 2025. While GTA-wide sales rose by 8.5% year-over-year, Markham continues to attract strong demand thanks to its family-friendly neighbourhoods, excellent schools, transit access, and thriving business hubs.

This steady demand reflects a return of buyer confidence, particularly among those waiting for improved affordability.

At Kaizen Real Estate, we help GTA buyers, sellers, and investors navigate the market with confidence. From pricing strategies to negotiation support, our team is here to guide you every step of the way.

💰 Prices in Markham

The average selling price in Markham reached $1,225,059, well above the GTA-wide average of $1,059,377. This shows Markham’s continued reputation as one of the region’s premium housing markets.

Average prices by home type:

• Detached Homes → $1.49M

• Semi-Detached Homes → $1.07M

• Townhouses → $1.19M

• Condominiums → $919K

Detached homes remain highly sought-after, but affordability has made townhouses and condos appealing for first-time buyers and young families.

📊 Markham in the GTA Context

Compared to the broader GTA, Markham ranks among the top performers:

Markham remains a top-tier market when it comes to property values and growth, though homes here sell at a more balanced pace compared to some smaller GTA markets.

🏡 Listings and Market Conditions

Markham recorded 794 new listings in September, giving buyers plenty of choice. This availability provided negotiating power, even as demand strengthened due to lower borrowing costs.

Homes sold in an average of 30 days, showing that competitively priced, move-in-ready homes are still attracting serious attention.

💳 Interest Rates and Affordability

The Bank of Canada’s September rate cut was one of the biggest drivers of market activity. Lower borrowing costs have made monthly mortgage payments more manageable for many buyers.

TRREB President Elechia Barry-Sproule summed it up:

“The Bank of Canada’s September interest rate cut was welcome news for homebuyers. With lower borrowing costs, more households are now able to afford monthly mortgage payments on a home that meets their needs. Increased home purchases will also stimulate the economy through housing-related spin-off spending, helping to offset the impact of ongoing trade challenges.”

For Markham buyers, this means new opportunities to purchase, or move up into, a home that better suits their lifestyle.

🔎 What This Means for Markham Residents

• For Buyers: Markham offers a strong mix of housing options — from sleek condos in Downtown Markham to detached homes in Angus Glen and Cachet. Lower rates + more listings = a chance to buy smart.

• For Sellers: Demand is rising, but competition remains. Pricing your home right and showcasing it effectively are essential.

• For Investors: Markham continues to stand out with strong fundamentals: population growth, thriving business centers, and future transit projects like the Yonge North Subway Extension.

The Markham real estate market in September 2025 presented a nuanced picture of growth and stability. While some price adjustments were observed over the past year, recent monthly data indicates a positive trajectory. The market remains competitive, characterized by strong demand, quicker sales, and properties selling close to their asking prices.

Prospective buyers and sellers should stay informed of these trends and consult with local real estate professionals, like the team at Kaizen Real Estate, to navigate this dynamic environment effectively.

The September 2025 market in Markham balanced higher activity from lower rates with price stability due to ample listings. If additional rate cuts materialize later this year, affordability could improve further, potentially boosting sales as we head into 2026.

At Kaizen Real Estate, we’re proud to help Markham buyers, sellers, and investors navigate today’s market with confidence. Whether you’re searching for your first condo, upgrading to a family-sized detached, or adding an investment property to your portfolio, our team is here to provide expert guidance every step of the way.

📩 DM us or call/text us at 647-370-8656 or book a consultation today to get started!