Markham
Markham is a Regional Municipality located in New York, Ontario. It is located around 30 Km in the northeast of Toronto Downtown.
A census was conducted in 2021 and according to this census Markham had a population of around 338,503 which has ranked Markham the largest in the York Region, 4th largest in Toronto area and sixteenth in Canada.
Markham is one of the most affordable cities of Canada. According to the Area vibes, which compiles crime statistics from all the stats of Canada, it is considered around 86 percent safer than the other cities in Canada.
So, if you are planning to move to Canada, then Markham would be a good choice.
Real Estate Market Outlook for Markham
Real estate market of Markham is very competitive. It gives tough competition to other Canadian cities in the real estate market. The real estate prices of Markham are very affordable.
Markham has different construction styles like other Canadian cities. But these styles are comparatively more sophisticated and of course more beautiful.
Among these architectural styles, the most important are detached houses, townhomes and condominiums. Detached homes are isolated constructed houses. Families who prefer to live alone, in less busy areas prefer to live in detached houses.
The other ones are townhomes. These are terraced houses which are constructed in rows in the streets of Markham.
The last ones are condominiums. Condominiums are the complex residential buildings having multiple housing units. Each of the units in Condominiums are owned individually.
Real Estate Market Analysis For Condominiums – October 2022
As mentioned above, condominiums are the most affordable ones in Markham. Recent MLS Stats indicate that Markham has an average housing price of approximately $1,1814,362. This is a quite affordable price.
Markham has 412 new active listings in the last twenty eight days. As of today, the city has 22 median days on the real estate market to sell a home.
Let’s have a look at rates of condominiums of different sizes in October. A one-bedroom condominium is available for sale at an average cost of $350K. This price was $360K about three months ago.
In the same way, two-bedroom condominiums are available for sale at $636k. This price was $656K about three months ago. These are larger, that’s why they have little high price.
Similarly, three-bedroom condominiums are available for sale at an average price of around $721K. This price was around $872K three months ago.
Let’s have a look at different condominiums which are available for sale in different areas of Markham.
A two-bedroom, two bathroom and 988 sq ft condominium is available for sale at 111 Echo Glen Lane Landsone, Markham, Ontario. This house was constructed in 2006 and is still in a very good condition. This house costs only $375,000.
Similarly, a three bedroom and two-bathroom condominium is available for sale at 36 Powell Drive, Webbwood Markham, Ontario. This beautifully constructed condominium would cost you only $775,000.
Markham has hundreds of such beautifully constructed condominiums.
