Condos for Sale in Markham, Bought With Clear Eyes
Condo buyers in Markham have more choice today than they have had in years. That is good news, as long as you know how to read a building, not just a unit.
Markham Condos, Summarized
In August 2026, TRREB reported 57 condo apartment sales in Markham at an average price of about $638,000, with about 356 active listings and roughly 6.2 months of inventory. That is the most buyer friendly segment of the Markham market, giving condo buyers more choice and more room to negotiate. Downtown Markham, near Highway 7 and Warden, is the city's main condo hub, with more buildings near Highway 7 in Unionville, Cornell, and along Markham Road. Before buying, review the status certificate, reserve fund, and monthly fees. Neeraj Moolchandani, REALTOR® with Kaizen Real Estate Team, helps condo buyers and sellers across Markham.
Condos Available Now
A Buyer Friendly Condo Market
What the numbers mean for you, whether you are buying or selling.
With about six months of inventory, Markham condo buyers are not competing the way they were a few years ago. Many units now sell below asking price, conditions on financing and the status certificate are common again, and sellers are more open to negotiating closing dates and included items.
For sellers, the lesson is the opposite. Condos that are priced from real comparables and presented well still sell. Condos that are priced on hope sit, and each extra week makes buyers ask what is wrong. If you are selling a Markham condo, start with an accurate home valuation.
Markham Condo Areas
Markham Centre
The city's main condo hub near Highway 7 and Warden, with Cineplex, restaurants, York University's Markham campus, and Viva transit.
Highway 7 Corridor
Condos near Unionville GO and a short trip to Main Street Unionville.
Explore UnionvilleNewer Low and Mid Rise
Newer buildings close to Markham Stouffville Hospital and Highway 407.
Explore CornellEast Markham
Newer mid rise options near Mount Joy GO and everyday shopping.
404 and 407 Access
Buildings popular with commuters and professionals near major employers.
Buying Before It Is Built
Assignment rules, deposits, and closing costs need careful review.
New Construction GuideWhat to Check Before Buying Any Markham Condo
- The status certificateYour lawyer reviews it for the reserve fund, budget, special assessments, lawsuits, and rules on pets and rentals.
- The monthly feeCompare fees per square foot across similar buildings, and check what utilities are included.
- The reserve fund studyA low reserve fund can mean a special assessment later. Ask when the last study was done.
- Parking and lockerConfirm whether they are owned, leased, or exclusive use, and whether they are on title.
- The rental shareBuildings with a very high share of renters can see slower resale and more wear.
- Exposure and noiseCheck the view, the sun, and the noise from Highway 7 or the rail line at different times.
Related Markham Guides
Markham Condos, Answered
What is the average condo price in Markham?
TRREB reported an average Markham condo apartment price of about $638,000 in August 2026, across 57 sales. One bedroom units often list in the high $300,000s to $500,000s, while larger two bedroom units and penthouses run higher.
Is it a good time to buy a condo in Markham?
Condo buyers have more negotiating power than in recent years, with about 6.2 months of inventory in August 2026. That means more choice and more room to negotiate. Whether it is right for you depends on your timeline, budget, and how long you plan to stay.
Where are most condos in Markham?
Downtown Markham around Highway 7 and Warden is the main condo area. Other clusters sit along Highway 7 in Unionville, in Cornell, along Markham Road, and in Commerce Valley near Highways 404 and 407.
What is a status certificate?
A status certificate is a package from the condo corporation describing its finances, reserve fund, budget, special assessments, legal matters, and rules. Your lawyer should review it before your offer becomes firm.
How much are condo fees in Markham?
Fees vary by building age, amenities, and what utilities are included. Compare fees per square foot across similar buildings and ask what the fee covers before you decide.
Can I rent out a Markham condo?
Most condos allow rentals, but some have minimum lease terms or restrictions on short term rentals. Check the declaration and rules in the status certificate, and review City of Markham short term rental rules.
Buy the Building, Not Just the Unit
Neeraj helps you compare condos on fees, reserve funds, and resale strength before you commit.
Prefer to talk? Call or text (647) 370 8885 · info@kaizenrealestate.ca