January 2026 Market Update: Markham, ON Home Sales and Price Trends

The real estate scene in Markham, ON, Canada has entered the new year with meaningful changes buyers and sellers need to understand. As we look into January 2026, a key question stands out: is it a good time to buy in Markham, ON, Canada? In an evolving market, careful attention to both price trends and inventory can offer a unique edge to those making informed decisions.

With a sales total of 482 homes in the previous reporting cycle and an average price near $1,039,458, the market demonstrates notable shifts for anyone wanting to enter or exit homeownership. Inventory climbed, giving buyers broader choice and motivating sellers to price and prepare thoughtfully. For professionals exploring affordable homes in Markham, ON, Canada this January 2026, it's essential to observe how these trends align with listing strategies to ensure success.

Keys to the January 2026 Market in Markham, ON, Canada

One of the most important data points is the decrease in average sale price, with a 6.4 percent drop year over year. This is a crucial trend for buyers, as it provides leverage in negotiations. For sellers, even as the number of active listings remains high in the Greater Toronto Area, Markham stands out for its competitive pricing and property variety. The city's absorption rate and the average days homes are on the market both ticked up, which leads to more measured transaction timelines for all parties involved. Why does this matter for sellers? Price sensitivity is heightened and standing out means refining marketing and presentation efforts, particularly when inventory builds.

In detached, semi-detached, townhouse, and condo segments, price and volume dynamics are shifting. Detached homes saw an average sale near $1,389,725, while townhouses and condos trended more accessibly. This diverse property pool makes Markham a magnet for move-up buyers and investors seeking how to sell your house fast in Markham, ON, Canada guidance and return-focused strategies. Sellers will find that thoughtful presentation and realistic pricing are more important than ever to avoid excessive days on market.

Notable Numbers and What They Mean – January 2026

• 482 home sales: Indicates robust activity and available choice for buyers this month.
• $1,039,458 average sale price: Reflects current benchmarks for pricing expectations and negotiation strategies.
• 6.4 percent price drop year over year: Signals a more value-driven environment and possible opportunities for new entrants.
• Inventory levels up: Expands buyer choices and creates competition among sellers.
• 31 days average on market: Buyers enjoy more time to decide, sellers must prepare for longer transaction periods.

These key performance indicators invite both buyers and sellers to develop a nuanced perspective on the market. Markham, ON, Canada continues to provide opportunities and challenges that reflect larger trends across the region, requiring agility and excellent local insight.

Navigating Opportunities in Markham, ON, Canada

For professionals and clients in Markham, focusing on accurate and updated listing data is vital. The ongoing shift in the local Home Price Index and sales-to-new-listings ratio (hovering around 0.45) suggests that supply is meeting demand, creating equilibrium for negotiations. It’s wise for buyers to evaluate housing options line by line and for sellers to leverage staging and pricing intelligence for successful outcomes.

The affordable homes in Markham, ON, Canada this January 2026 phrase is not just an idea, but a practical call to inspect new listings weekly. If you’re unsure how to align your goals, the answer to "is it a good time to buy in Markham, ON, Canada?" is more complex than a yes or no—it depends on matching your financial readiness with the right property type and being prepared to move quickly when value appears.

January 2026 Segment Review

Across detached, semi-detached, townhouses, and condos, the diversity is advantageous for a range of buyers and sellers. Median prices, benchmark values, and property mix all support decision making rooted in local realities. With the TRREB market watch reporting stable employment and higher inventory, both buyers and sellers should monitor week-to-week changes, seeking guidance from an experienced local expert.

Key Takeaways for January 2026

If you have questions about specific properties, or want insight into Markham, ON, Canada market transitions, January brings prime windows for proactive moves. As Markham adapts, vignes sinnadurai is available to help you leverage the latest numbers and strategies for optimal results.

The Markham market remains one of the most dynamic in the region, and informed choices this January 2026 can lay the groundwork for success whether you are buying or selling.