The Greater Toronto Area housing market entered the 2026 spring season with tightening conditions, rising sales, and improved affordability. March 2026 data shows that more buyers are re-entering the market while new listings declined significantly compared to last year. This imbalance is setting the stage for a potentially more competitive spring market.
In Markham, this shift is already visible. As top REALTORS® in Markham, Michael John Lau and Neeraj Moolchandani are helping clients navigate a market where timing, pricing, and negotiation strategy are critical. With spring demand rising and inventory tightening, buyers and sellers need to act strategically.
GTA Housing Market – March 2026 Key Stats
According to the Toronto Regional Real Estate Board:
- 5,039 homes sold (+1.7% year-over-year)
- 14,442 new listings (−16.7% year-over-year)
- Average price: $1,017,796 (−6.7% YoY)
- MLS® HPI benchmark: −7.4% YoY
Daniel Steinfeld noted that increased sales show buyers are taking advantage of improved affordability this spring. Meanwhile, Jason Mercer emphasized that buyers still have strong negotiating power, though this could change as market conditions tighten.
Markham Real Estate Market Stats – March 2026
Markham Housing Market Snapshot (All Property Types)
- Sales: 225
- Dollar Volume: $259,988,573
- Average Price: $1,155,505
- Median Price: $1,100,000
- New Listings: 614
- Active Listings: 889
Market Conditions (SEO Keywords: Markham housing market trends)
- Sales-to-New-Listings Ratio: 35.7%
- Months of Inventory: 4.7
- Average SP/LP Ratio: 98%
- Days on Market: 32
👉 Insight: Markham is currently a balanced market, slightly favoring buyers due to price flexibility and moderate inventory.
Spring 2026 Real Estate Trends in Markham
1. Why Spring Is the Best Time for Real Estate
Spring is historically the busiest real estate season in Markham and the GTA because:
- More buyers enter the market
- Homes show better with improved curb appeal
- Families plan moves before summer
In 2026, spring is even more important due to lower prices and reduced inventory.
2. Is It a Good Time to Buy in Markham?
👉 Yes, early spring 2026 is one of the best buying opportunities in recent years.
Buyers benefit from:
- Lower prices compared to 2025
- Strong negotiation leverage
- Balanced market conditions
However, as spring demand increases, competition may rise quickly.
3. Is It a Good Time to Sell in Markham?
👉 Yes, but strategy matters more than ever.
Sellers should focus on:
- Accurate pricing
- Professional marketing
- Spring curb appeal and staging
Homes are still selling in about 32 days, showing steady demand.
4. Will Home Prices Go Up in 2026?
👉 Prices may stabilize or rise later in 2026.
As noted by John DiMichele:
- Supply remains a long-term issue
- Demand is increasing
- Spring market conditions are tightening
If listings remain low, upward price pressure is likely.
What This Means for Buyers and Sellers
Buyers
- Take advantage of current affordability and negotiating power
- Act early before spring competition increases
- Focus on long-term value
Sellers
- List during peak spring demand
- Price strategically based on current trends
- Prepare your home to stand out
Final Thoughts – Markham Spring Market 2026
The March 2026 data shows that the Markham real estate market is shifting. With rising demand, declining listings, and improving affordability, spring 2026 presents a unique window for both buyers and sellers.
If you’re planning to make a move, understanding these trends can give you a significant advantage
FAQs About Markham Real Estate Market
What is the average home price in Markham in March 2026?
The average home price in Markham is $1,155,505.
Is Markham a buyer’s or seller’s market right now?
Markham is currently a balanced market, slightly favoring buyers.
How long do homes take to sell in Markham?
Homes are selling in about 32 days on average.
Are home prices dropping in Markham?
Prices are down year-over-year, but showing signs of stabilization.
Should I buy a house in Markham in 2026?
Yes, early 2026 offers better affordability and negotiation opportunities before competition increases.
Why Work with Michael John Lau & Neeraj Moolchandani, Top Markham REALTORS®
Whether you are upgrading to your dream home or streamlining your lifestyle with a strategic downsize, having the right real estate team makes all the difference.
🏆 Awards & Achievements
- eXp Icon Award (2024, 2025)
- Realtor of the Year (2021, 2022)
- Diamond Award (2023)
- Titanium Award (2022)
- Platinum Award (2021)
📍 Local Expertise You Can Trust
Recognized as trusted Markham & Unionville real estate experts, they bring:
- In-depth neighborhood knowledge
- Accurate pricing strategies
- Insight into local market trends
Michael John Lau and Neeraj Moolchandani of Kaizen Real Estate bring extensive knowledge of the Markham and GTA market, a proven track record of helping clients maximize their home's value, and the negotiation expertise needed to secure the best outcome on both sides of the transaction.
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Deep local market knowledge across Markham, Richmond Hill, Stouffville, and the broader GTA
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Personalized strategy aligned with your financial and lifestyle goals
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Expert pricing, staging guidance, and marketing to maximize your current home's sale price
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Strong buyer-side negotiation to ensure you purchase your next home with confidence
Contact Kaizen Real Estate today
📞 Call 647-370-8885
📧 Email: [email protected]
🌐 Visit www.kaizenrealestate.ca
🗓️ Book a meeting