The Markham housing market reflected the broader Greater Toronto Area (GTA) trend in October 2025, showing a slight decline in sales activity but steady price resilience. According to the Toronto Regional Real Estate Board (TRREB), 281 homes were sold in Markham, with an average sale price of $1,230,833 and 680 new listings added to the market.

While conditions across the GTA leaned toward buyer-friendly territory, Markham continues to stand out as one of York Region’s strongest and most stable sub-markets, buoyed by strong demand for family homes, excellent schools, and access to transit and amenities.

📊 Key October 2025 Highlights — Markham

(Source: TRREB Market Watch – October 2025)

🏙️ How Markham Fits Into the GTA Market Shift

Across the Greater Toronto Area, home sales fell by 9.5% year-over-year, with 6,138 total transactions, while new listings rose by 2.7% to 16,069. TRREB reported that the average GTA selling price reached $1,054,372, down 7.2% from October 2024.

These numbers indicate that buyers are gaining more leverage in negotiations — something that’s been echoed in Markham, where homes are still moving but at slightly moderated prices.

“Buyers who are confident in their employment situation and ability to make their mortgage payments over the long term are benefitting from affordable housing market conditions relative to the past few years,”
said TRREB President Elechia Barry-Sproule.

“The monthly mortgage payment for an average-priced GTA home continued to trend lower in October, benefitting from both lower borrowing costs and lower selling prices,” added TRREB Chief Information Officer Jason Mercer.

These insights resonate strongly in Markham, where affordability has improved compared to the peak years of 2021–2022. Buyers with stable finances are taking advantage of lower mortgage rates and negotiable price points, while sellers are adjusting to a more balanced, data-driven market.

🏠 Detached & Semi-Detached Homes

Detached homes in Markham remained the top choice among families, averaging well over $1.4 million. Demand was strongest in established communities like Unionville, Wismer, and Angus Glen, where proximity to top-rated schools and local amenities continues to attract buyers.

Semi-detached and townhomes offered better value options, particularly for growing families and first-time buyers transitioning from condos.

🏢 Condominiums & Townhomes

Condominiums averaged in the mid-$700,000 range, while newer townhome developments near Markham Centre and Cornell remained competitive. Rising inventory has given buyers more flexibility, but well-presented listings are still moving quickly.

💡 Local Market Insights

• New listings: 680 (+3% YoY) — giving buyers more options.

• Sales: 281 homes sold — steady demand, especially for move-in-ready properties.

• Average sale price: $1,230,833 — holding firm compared to regional averages.

• Market type: Balanced — healthy mix of supply and demand.

🧭 What This Means for You

For Buyers:
Lower borrowing costs and balanced inventory make this a great time to explore the Markham market. More listings mean less competition, while stabilized prices create a window of opportunity before rates and demand rise again in 2026.

For Sellers:
Homes that are strategically priced and professionally marketed continue to perform well. Buyers remain cautious, but accurate pricing, strong visuals, and local expertise can attract serious offers within weeks.

🔮 Outlook for 2026

As TRREB CEO John DiMichele noted, “Housing is essential economic infrastructure… innovation and private capital are required to accelerate new construction across all housing types.”
With population growth, Markham’s demand fundamentals remain solid. If interest rates continue to ease, we could see renewed sales momentum heading into the spring 2026 market.

🏡 Markham Real Estate Snapshot — October 2025

• 281 total home sales

• Average price: $1,230,833

• 680 new listings

• Balanced market conditions

• Improving buyer confidence

Q: What was the average home price in Markham in October 2025?
A: According to TRREB, the average home price in Markham was $1,230,833, with 281 homes sold and 680 new listings. Market conditions remained balanced, and lower mortgage rates helped improve affordability for buyers.

💬 Thinking About Buying or Selling in Markham?

Whether you’re planning your next move, looking to invest, or simply want to understand your home’s market value, our team at Kaizen Real Estate is here to help.

We specialize in helping clients across Markham and York Region make smart, confident real estate decisions, with mentorship, proven marketing strategies, and expert negotiation every step of the way.

📞 Call or text us today at 647-370-8656
🌐 Visit kaizenrealestate.ca
💬 Or send us a message to schedule a free home consultation

Let’s turn your next move into your best move.