Markham
Markham is a city present in the Regional Municipality, Ontario, Canada. Average cost of living in Markham is very affordable. It is cheaper and 86 percent safe than many other Canadian cities
The monthly cost of families of 4 individuals is around $3,452. The cost of living here for a single person is approximately $1282. Utility cost here is also very affordable. Markham is approximately 30.36 percent less costly than New York.
So, if you have any plans to move to Canada, then you should consider Markham.
Real Estate Market Outlook For Markham
Real estate market of Markham is very affordable and has always been a tough competition to the real estate markets of other Canadian cities.
Average cost of a house in Markham is approximately $1,186,423. Similarly, the average sold price in the city is $1.2M. There is a monthly change of 5.7 percent, Quarterly change of 11.7 percent and yearly change of 12.8 percent.
The average cost price and average sold price in Markham depends on construction styles of the houses and their sizes. The most common architectural styles in Markham, like other Canadian cities, are townhomes, condominiums, single attached and detached houses.
Townhomes are the houses with terraces. These are generally constructed in rows in the streets of Markham. Condominiums are complex residential units in which each unit is owned individually. At last, there are single family apartments that can be attached or detached.
Real Estate Market Analysis For Townhomes – October 2022
Townhomes in Markham are comparatively affordable. Families in Markham generally prefer to buy this type of house so that they can have a beautiful view of the city.
During the last 28 days, around 195 homes have sold out in Markham. The city has 22 median days to sell a residential property in the real estate market. The selling to listing ratio in Markham is 101 percent.
According to Real Estate Statistics of October, Markham is 18th fastest growing city and 9th fastest selling and growing cities in Canada.
Townhomes are available with different average cost prices depending on the number of bedrooms and bathrooms.
A one-bedroom townhome is available for sale at an average price of $621. Similarly, a two-bedroom townhome is available for sale in Markham at an average cost of $759. This price was approximately $847 about 3 months ago.
In the same way, in the month of October you can buy a three-bedroom townhome with an average cost of $1.2 million and this price was $1.1M about three months ago.
So, you can see a significant fall in the townhomes price in October. So, if you are planning to buy a house then you must consider Markham.
Different townhomes are available for sale in the different areas of the city. For example, a one bedroom and one bathroom townhome are available for sale 22 65 Burk Oak Ave, #Th #52, Markham, Ontario. This townhome will cost you only $485,000.
