Investing in Markham Real Estate: Rental Yields, Tenant Demand and Neighbourhood Selection
Investing in Markham Real Estate: Rental Yields, Tenant Demand and Neighbourhood Selection
Good investments start with honest math. This guide shows you how Markham rents compare to prices today, what drives tenant demand, and how to choose where to buy.
The Short Answer
In October 2026, average Markham rents were about $1,924 for a one bedroom and $2,347 for a two bedroom, according to Zumper. With a median Markham condo apartment price of $535,000 in September 2026, a two bedroom rented at that level would produce a gross yield of about 5.3 percent before costs. After condo fees, property tax, insurance, vacancy, and mortgage interest, cash flow is often slim, so most Markham investors focus on long term value and tenant quality. Tenant demand is supported by transit, employers, and post secondary growth in Markham Centre.
Neeraj Moolchandani works with investors as part of Kaizen Real Estate Team, a Markham team known for honest, data based advice. That means we share the numbers that look good and the ones that do not.
Markham Rents Right Now
| Unit Size | Average Rent | Change From Last Year |
|---|---|---|
| One bedroom | $1,924 | Down about 1% |
| Two bedroom | $2,347 | Up about 2% |
| Three bedroom | $2,991 | About flat |
| Four bedroom | $3,550 | Up about 4% |
Source: Zumper Markham rent research, October 2026, based on recent listings. Actual rents vary by building, size, and condition.
How to Calculate Rental Yield
Gross yield is the yearly rent divided by the price. It is a quick way to compare properties, but it is not your profit.
Illustrative example
A two bedroom condo bought for $535,000, the September 2026 median Markham condo apartment price, and rented for $2,347 a month earns $28,164 a year. That is a gross yield of about 5.3 percent.
Now subtract condo fees, property tax, insurance, repairs, and an allowance for vacancy. Then add mortgage interest. In many cases the result is close to break even. This example is for illustration only and is not a forecast.
Compare at least three properties this way before you decide. Small differences in fees or rent can change the result a lot.
Running numbers on a specific property? Neeraj can help you check the assumptions. Call or text Neeraj at (647) 370 8885.
What Drives Tenant Demand in Markham
- Transit. Four GO stations and Viva rapid transit on Highway 7 make car free living possible for many tenants.
- Employers. Markham is home to a large cluster of technology and professional employers.
- Education. York University's Markham campus in Markham Centre brings students and staff to the area.
- Families. Strong school catchments support demand for townhouses and detached rentals.
Choosing the Right Location
- Downtown Markham and Markham Centre. Newer condos near Highway 7 transit and York University's campus suit students and young professionals.
- Near Unionville GO. Commuter friendly and close to Main Street Unionville.
- Cornell and Greensborough. Townhouses and semis attract families who want space without buying.
- Established areas like Markville. Detached homes near shopping and schools can suit long term family tenants.
See our neighbourhood guides for each area.
Rules and Costs to Know
- Down payment. Rental properties that you will not live in generally need at least 20 percent down.
- Rent increases. In Ontario, most units first occupied after November 15, 2018 are exempt from the annual rent increase guideline. Older units follow the guideline. Confirm the rules for any unit you buy.
- Tenancy rules. Residential tenancies follow Ontario's Residential Tenancies Act and the standard lease.
- Additional units. Ontario rules allow additional residential units on many lots, subject to city requirements and permits.
- Taxes. Rental income is taxable, and selling an investment property can trigger capital gains tax. Speak to an accountant.
Want a short list of buildings with strong rental demand? Call or text Neeraj at (647) 370 8885.
Markham's Long Term Story
Markham's demand rests on schools, transit, employers, and steady population growth. In September 2026, condo apartments had about 6.4 months of supply, which gives investors room to negotiate today. None of this promises future prices, but it explains why many investors see Markham as a long term hold rather than a quick flip. Read about new developments and infrastructure for more context.
Investing is a long term decision. Start with an honest conversation. Call or text Neeraj at (647) 370 8885.
Related Markham Guides
Markham Investment Questions, Answered
Is Markham good for real estate investment?
Markham has steady tenant demand from transit, employers, families, and York University's Markham campus. Cash flow can be slim at today's prices, so most investors focus on long term value. This is commentary, not a promise of returns.
What is the average rent in Markham?
According to Zumper in October 2026, average Markham rents were about $1,924 for a one bedroom, $2,347 for a two bedroom, $2,991 for a three bedroom, and $3,550 for a four bedroom.
What rental yield can I expect in Markham?
As an illustration, a two bedroom condo at the September 2026 median Markham condo apartment price of $535,000, rented at $2,347 a month, has a gross yield of about 5.3 percent before fees, taxes, vacancy, and interest.
How much down payment do I need for a rental property?
Rental properties that the owner will not live in generally need at least 20 percent down. Confirm details with your lender.
Are new Markham condos subject to rent control?
In Ontario, most units first occupied as residential after November 15, 2018 are exempt from the annual rent increase guideline. Confirm the rules for any specific unit with a lawyer.
Invest With Clear Numbers
Neeraj will help you compare properties honestly, including the costs that are easy to miss.
Call or text (647) 370 8885 · info@kaizenrealestate.ca
Kaizen Real Estate Team, eXp Realty, Brokerage · 9763 Markham Rd, Markham, ON L6E 1A4
Sales data: TRREB Market Watch, Markham, September 2026. Rent data: Zumper Markham rent research, October 2026. Figures are rounded, illustrative, and subject to change. This article is general information, not legal, tax, mortgage, or financial advice. Market commentary describes current conditions and is not a promise of future prices. Information is believed accurate but should be independently verified. Not intended to solicit properties currently under contract.
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