Buy or rent in Markham? This October 2026 report puts the cost of owning a condo next to the cost of renting one. 414 units were listed on October 27, 2026 at a median asking price of $648,000. Over the last 90 days 237 sold, at a median of $590,000. Leased units went for a median of $2,450 a month.
Buy or rent: Markham condos by size
The table compares the median asking price, the median sale over the last 90 days and the median monthly rent for each unit size. Gross yield is a year of rent divided by the sale price (or the asking price where there were too few sales), before fees, tax and vacancy. Studios and 1 bedrooms show the highest gross yield in Markham at 5.9%, which means the price equals about 16.9 years of rent. Take the median condo fee off the median rent and the yield across all sizes drops to about 3.7% before property tax.
| Unit size | Asking (median) | Sold, 90 days | Rent / month | Gross yield |
|---|---|---|---|---|
| Studios and 1 bedrooms | $500K | $468K | $2,300 | 5.9% |
| 2 bedrooms | $699K | $650K | $2,850 | 5.3% |
| 3 or more bedrooms | $750K | $752K | $3,300 | 5.3% |
What condo fees run in Markham
Half of the 407 listings that state a fee pay less than $632 a month, and half pay more. Per square foot that is about $0.73 a month, which is the fairer way to compare a large unit with a small one. Over a year the median fee adds up to $7,579, or 1.2% of the median asking price. What the fee covers matters as much as its size: it pays for building insurance, the common areas, amenities and the reserve fund, and in many buildings heat and water as well.
Are Markham condos selling at asking?
Condos that sold in Markham over the last 90 days went for a median of 97.0% of their final asking price, and 19% sold for more than asking. The typical sold unit was on the market for 27 days. Sales are down 6.7% from the same 90 days last year (254), and the median sale is down 7.2% from $636,000.
Buildings with the most units listed
A cluster of listings in one tower is worth a closer look: it can point to motivated sellers or simply a very large building. The busiest Markham addresses this month:
| Address | Units listed | Typical ask |
|---|---|---|
| 18 Water Walk Drive | 9 | $888K |
| 399 Royal Orchard Boulevard | 8 | $2.75M |
| 15 Water Walk Drive | 7 | $528K |
| 33 Clegg Road | 7 | $598K |
| 8119 Birchmount Road | 7 | $690K |
| 101 Cathedral High Street | 7 | $711K |
| 50 Clegg Road | 6 | $499K |
| 28 Prince Regent Street | 6 | $503K |
On the market by unit type in Markham: condo apartments: 301 at $599K; condo townhouses: 80 at $704K; penthouses: 20 at $799K; lofts: 7 at $1.3M.
Compare with nearby condo markets
Condo questions about Markham
How much does it cost to rent a condo in Markham?
Condos leased in Markham over the last 90 days rented for a median of $2,450 a month across 706 leases.
What is a typical condo fee in Markham?
The median monthly fee on condos listed for sale on October 27, 2026 was $632. Fees depend on the size of the unit and on what the building includes, such as heat, water or parking.
Are condos in Markham selling over asking?
In the last 90 days, 19% of Markham condo sales closed above asking. The median sale came in at 97.0% of the asking price.
How many condos are for sale in Markham?
414 on October 27, 2026, with a median asking price of $648,000.
Sources: asking prices and fees are from the condos for sale on Condo Connect on October 27, 2026. Sale and rent figures are totals of MLS® sales and leases in Markham over the 90 days before that date; individual sold prices are available to signed-in members. Yields are gross and for comparison only.