What $800K, $1.2M and $1.8M Buys in Markham Right Now
What $800K, $1.2M and $1.8M Buys in Markham Right Now
Your budget decides more than the price. It decides the home type, the neighbourhood, and the cash you need on closing day. Here is an honest look at three common price points.
The Short Answer
In September 2026, Markham condo apartments had a median price of $535,000, condo townhouses $735,000, freehold townhouses $918,490, semi detached homes $999,000, and detached homes $1,381,500, according to TRREB. At about $800,000, most buyers are choosing between a larger condo apartment and a condo townhouse. At about $1.2 million, freehold townhouses, semis, links and some detached homes come into reach. At about $1.8 million, buyers can compete for detached homes in many of Markham's most popular family neighbourhoods.
Neeraj Moolchandani is a cofounder of Kaizen Real Estate Team, a Markham team that many local buyers trust to help them compare their options. One question comes up in almost every first meeting: what does my budget actually get me here? The answer starts with home type.
Markham Prices by Home Type
The median is the middle sale, so half of homes sold for more and half for less. It is often a better guide than the average.
| Home Type | Avg Price | Median Price | Sold | For Sale | Months of Inventory | Sold vs Asking |
|---|---|---|---|---|---|---|
| Detached | $1,534,139 | $1,381,500 | 108 | 462 | 4.3 | 98% |
| Semi detached | $1,019,322 | $999,000 | 18 | 42 | 2.3 | 101% |
| Link | $1,059,671 | $1,088,888 | 11 | 21 | 1.9 | 98% |
| Freehold townhouse | $977,959 | $918,490 | 30 | 147 | 4.9 | 100% |
| Condo townhouse | $829,470 | $735,000 | 23 | 93 | 4.0 | 98% |
| Condo apartment | $574,612 | $535,000 | 55 | 354 | 6.4 | 98% |
Source: TRREB Market Watch, Markham, September 2026. Months of inventory is active listings divided by monthly sales. Figures are rounded and subject to revision.
Around $800,000
At this price you are well above the median condo apartment and slightly above the median condo townhouse. That opens up good choices:
- Two bedroom and larger condo apartments, many with parking, in Downtown Markham and near Highway 7 transit.
- Condo townhouses, often with two or three bedrooms and a small yard or terrace.
- A smaller number of older freehold townhouses that may need updating.
Freehold townhouses and semis are usually just beyond this budget, with medians of $918,490 and $999,000. Condo apartments also had the most supply in September, about 6.4 months, so buyers here often have room to negotiate.
Explore Markham condos and Markham townhouses to see what is listed now.
Not sure which price point fits your income and savings? Neeraj can walk you through it. Call or text Neeraj at (647) 370 8885.
Around $1.2 Million
This is where many growing families land. At $1.2 million you can usually choose from:
- Freehold townhouses with no condo fees.
- Semi detached and link homes, which share a wall or a foundation but feel like a house.
- Some detached homes, often older homes or homes on smaller lots, since the median detached price was $1,381,500.
Communities like Box Grove, Greensborough, Cornell and Cathedraltown are worth a close look at this level. Keep in mind that semis were the tightest segment in September, selling for about 101 percent of asking on average, so be ready to act when the right one appears.
Around $1.8 Million
At $1.8 million you are above the average detached price of $1,534,139. That means you can compete for detached homes in many of Markham's most popular family areas, such as Berczy, Wismer and parts of Unionville. Estate homes in Angus Glen and Cachet usually sit above this range.
There is one big rule change at this price. Homes priced at $1.5 million or more cannot have an insured mortgage, so you need at least 20 percent down.
The Cash You Need on Closing Day
Price is only part of the plan. Here is the minimum down payment and the Ontario land transfer tax at each price point. Markham does not charge a separate municipal land transfer tax.
| Purchase Price | Minimum Down Payment | Ontario Land Transfer Tax | Typical Home Types |
|---|---|---|---|
| $800,000 | $55,000 | $12,475 | Condo apartment, condo townhouse |
| $1,200,000 | $95,000 | $20,475 | Freehold town, semi, link, some detached |
| $1,800,000 | $360,000 | $32,475 | Detached in popular family areas |
Minimum down payment: 5 percent of the first $500,000 and 10 percent of the rest, up to $1.5 million; 20 percent at $1.5 million and above. Land transfer tax before any first time buyer rebate, which can be up to $4,000. Figures are illustrative; confirm with your lawyer and lender.
Also plan for legal fees, title insurance, a home inspection, and moving costs. Ask your lawyer for a full closing cost estimate before you make an offer.
Want a list of homes that match your budget this week? Call or text Neeraj at (647) 370 8885.
How to Stretch Your Budget Wisely
- Get pre approved first. Lenders test you at the higher of 5.25 percent or your contract rate plus 2 percent. Knowing your real number saves time and heartbreak.
- Think about the next five years. A condo townhouse today may fit better than stretching for a house you cannot comfortably carry.
- Compare total monthly cost. Condo fees, property tax, and utilities can change which home is truly cheaper.
- Look at the street, not just the city. Two streets in the same neighbourhood can be very different in price and resale demand.
Try the mortgage calculator to test monthly payments at each price point.
Ready to see what your budget looks like on the street? Call or text Neeraj at (647) 370 8885.
Related Markham Guides
Markham Budget Questions, Answered
What can I buy in Markham for under $1 million?
In September 2026, condo apartments, condo townhouses and many freehold townhouses sold below $1 million in Markham, based on TRREB medians of $535,000, $735,000 and $918,490. Semi detached homes had a median of $999,000, right at the line.
How much is a detached house in Markham?
TRREB reported an average detached price of $1,534,139 and a median of $1,381,500 in Markham in September 2026. Prices vary widely by neighbourhood, lot size, and condition.
How much down payment do I need for a $1.2 million home in Ontario?
The minimum is $95,000: 5 percent of the first $500,000 plus 10 percent of the remaining $700,000. Homes priced at $1.5 million or more need at least 20 percent down.
Does Markham have a municipal land transfer tax?
No. As of October 2026, Toronto is the only Ontario municipality that charges its own land transfer tax. Markham buyers pay only the Ontario land transfer tax.
What can $1.8 million buy in Markham?
At $1.8 million, buyers are above the September 2026 average detached price of $1,534,139 and can compete for detached homes in many popular family neighbourhoods such as Berczy, Wismer and parts of Unionville.
Your Budget Deserves a Real Plan
Tell Neeraj your price range and must haves. He will show you what it buys today, street by street, with no pressure.
Call or text (647) 370 8885 · info@kaizenrealestate.ca
Kaizen Real Estate Team, eXp Realty, Brokerage · 9763 Markham Rd, Markham, ON L6E 1A4
Market statistics: TRREB Market Watch, Markham, September 2026, released October 6, 2026. Figures are rounded and subject to revision. 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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