The average home price in Markham was $1.13 million in July 2026, down 0.5% from June and 9.2% from July 2025. There were 288 home sales with an average of 32 days on the market and 1,168 active listings at the end of July. Sales increased by 8.3%, while active listings decreased by 10.8% compared to the previous year.
Optimism is building in Ontario’s new housing sector, and as someone who has spent over a decade guiding clients through this dynamic market, I’m seeing some encouraging signs. Recent government actions have coincided with an uptick in home sales, and there’s steady momentum in both proposed and enrolled new home projects. For those considering pre-construction, it’s helpful to know that builders typically qualify and enroll homes early—giving us a valuable window into upcoming construction plans.
Still, the landscape isn’t without its challenges: residential real estate insolvencies remain higher than usual, reminding buyers to proceed carefully. One step I always recommend for clients purchasing new freehold homes is to enroll for deposit protection within 45 days to secure coverage up to $100,000, plus early warranty guidance. This safeguard can make a real difference.
Looking ahead, the remainder of the year promises hope for a stronger rebound, with a focus on more quality and affordable homes—and as always, buyer protections are front and center. Navigating these opportunities and risks requires informed decisions, and that’s where my expertise across York, Peel, Halton, Durham, and Toronto comes in.
