Why Live in Markham, Ontario

Markham, often called the “High-Tech Capital of Canada,” is one of the fastest-growing and most diverse cities in the Greater Toronto Area (GTA). Known for its strong job market, cultural diversity, excellent schools, and family-friendly neighborhoods, Markham combines urban conveniences with suburban comfort. With top employers, modern amenities, and easy access to Toronto, it’s a popular choice for professionals, families, and newcomers to Canada.

The real estate market in Markham is more expensive compared to smaller Ontario towns but offers a wide variety of housing options. Buyers and renters can find luxury detached homes, modern condominiums, stylish condo townhomes, and semi-detached homes in established neighborhoods. Whether you’re searching for a 1+ bedroom condo rental, a 3+ bedroom semi-detached resale, or a 4–5 bedroom detached family home, Markham provides a diverse selection.

In terms of prices, Markham is considered a mid-to-high-end housing market within the GTA. Smaller condos often start around $550k–$750k, while condo townhomes and semi-detached homes typically range between $800k–$1.2M. Detached homes usually start above $1.2M, with luxury properties exceeding $2M. Rental prices are higher than the Ontario average, with 1-bedroom condos renting from $2,200–$2,600/month and detached family homes averaging $3,200–$4,000/month.

Residents of Markham enjoy a high quality of life with access to excellent schools, healthcare services, shopping centers like Markville Mall, community centers, and numerous parks. The city is also home to historic Main Street Unionville, vibrant cultural festivals, and quick access to highways and GO Transit, making commuting convenient.

Frequently Asked Questions

Is Markham a good place to live?
Yes, Markham is a great place to live if you value diversity, career opportunities, and top-quality amenities. With strong schools, a thriving economy, and plenty of family-friendly neighborhoods, it is one of the most desirable cities in the GTA.

How much do you need to make to afford a home in Markham?
The median resale home price in Markham is around $1.2M (2025). With a 20% down payment, a household would need an income of about $200,000/year to qualify. Rental housing is also competitive, with most homes renting between $2,200–$4,000/month depending on size and location.

What types of homes are available in Markham?
Markham offers a wide variety of homes, including:

Detached homes in both modern and traditional styles.
Semi-detached homes in established neighborhoods.
Condominium homes in high-rise and mid-rise buildings.
Condo townhomes for families wanting space with less maintenance.
Luxury homes and custom-built properties in upscale areas.

What are the most popular postal codes in Markham?
Popular postal codes include L3P, L3R, L6B, L6C, and L6E, covering neighborhoods across Markham.

What neighborhoods are near Markham?
Nearby communities include Richmond Hill, Vaughan, Scarborough, and Stouffville, offering additional housing and lifestyle options.

Are home prices changing in Markham?
Home prices in Markham have shown steady growth, with a 4–5% increase year-over-year. While the market is competitive, demand remains strong due to the city’s job opportunities, schools, and lifestyle appeal.