Markham Market Updates

The new mortgage rules took effect on October 17th for high ratio borrowers (under 20% down payment) and don't take effect for conventional mortgage until the end of November.  Sales and house prices have remain strong thus far and currently, I'm still noticing many bidding wars as some buyers are ... » Learn More about Sales Remain Strong in October

While sold prices have held steady over the past few months, Markham house prices have certainly skyrocketed by record amounts as compared to last year... but for how long? The government recently introduced new mortgage rules and tax laws aimed at slowing the housing market down.  There are ... » Learn More about Markham Sales Remain Strong But For How Long?

While the average sale price and total sales have shown signs of slowing down over the summer, they are way up compared to last years numbers.  In August, the average house price was up over 19% as compared to August of 2015 and totals sales were up over 26%.  By contrast, new listings were down by ... » Learn More about Sales Are Up, New Listings Are Lacking In Markham

After prices dropped slightly in May and June, the average selling price in July rebounded and seems to be holding steady at just under a million dollars!  Year-to-date, Markham's average annual price is up by whopping $156,000, the highest annual increase Markham has ever seen!  The question, as ... » Learn More about Markham Sales Softening Slightly But Still Strong

The pique of the spring market in Markham continued to surge.  As compared to the month of April, prices mostly remained steady, however, when compared to the same month of 2015, home prices are up a whopping 19.7% and the average price so far this year increased to $950,248.  Total inventory ... » Learn More about Markham Housing Market Still Red Hot In May