Markham condo apartments averaged $574,612 in September 2026, vs $1.53M for detached. What the price gap, rates and condo supply mean for investors.
In the Markham real estate investment market, a condo apartment cost about a third as much as a detached home in September 2026, making condos the lowest-cost way into the city for investors who can carry today's rates.
What the data shows for the Markham real estate investment market
Markham condo apartments sold for an average of $574,612 in September 2026, compared with $1,534,139 for detached homes, $977,959 for freehold townhouses and $829,470 for condo townhouses (TRREB Market Watch, September 2026). Condo apartments made up 55 of Markham's 245 sales.
Source: TRREB Market Watch, September 2026.
Overall, Markham's sales fell 5.4% year over year to 245, and the average price fell 4.4% to $1,125,353 (TRREB, September 2025 and 2026). Across the GTHA, Urbanation reported only 60 pre-construction condo sales in Q3 2026 and warned that historically low construction starts could lead to a shortage later this decade (via CP24, October 21, 2026).
Mortgage rates and seasonal context
On October 25–26, the lowest advertised insured 5-year fixed rate was 4.34%, the 5-year variable 3.43%, and prime 4.45% (Ratehub.ca). Rental-property financing is often priced higher. The Bank of Canada's policy rate is 2.25%, with a decision due October 28.
Source: Ratehub.ca, October 25–26, 2026. Insured rates; rental-property financing is often priced higher.
Fall usually brings a short burst of activity before the December slowdown. This year, Markham buyers are moving more cautiously than a year ago.
The investor takeaway
A lower purchase price may make condo cash flow easier to model, and a thinning new-supply pipeline could support resale condos over time. But condo fees, rental competition and rate uncertainty are real risks, so stress-test rent, vacancy and financing before you buy.
FAQ
How much is a condo in Markham in 2026?
Markham condo apartments sold for an average of $574,612 in September 2026, according to TRREB. Prices vary widely by building, size and location.
Are condos a good investment in Markham?
Condos have the lowest entry price of any home type in Markham, but results depend on rent, condo fees and financing costs. Run the numbers on a specific unit before deciding.
Sources
- TRREB Market Watch, September 2026
- TRREB Market Watch, September 2025
- WOWA.ca, Markham Housing Market Report (TRREB data, October 6, 2026)
- Ratehub.ca, best mortgage rates (October 25–26, 2026)
- CP24, Urbanation Q3 2026 GTHA new condo report (October 21, 2026)
- Bank of Canada, policy interest rate
Cover photo: Justin Wei on Unsplash
This article is for general information only and is not financial, legal or tax advice. Statistics are from the sources cited and are believed reliable but not guaranteed. Not intended to solicit buyers or sellers currently under contract with a brokerage.
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