You’ve dreamed of owning a home, and now the pieces are finally starting to fall into place. Maybe you just landed a great job in the GTA, or you’re settling in Canada for the first time, excited to call Markham home. As one of the most dynamic and flourishing cities in Ontario, Markham offers a wide range of options for first-time buyers who want the benefits of urban living without the claustrophobia of downtown Toronto.

In this guide, we’ll break down what you need to know about buying a home in Markham in 2025 — from understanding the real estate landscape to choosing the right neighborhood for your lifestyle. Whether you’re a young professional, a couple thinking about starting a family, or a newcomer to Canada, this guide will help you take smart steps toward homeownership.

The Markham real estate market has remained strong throughout recent years, thanks to its growing economy and excellent quality of life. In 2025, the market is seeing increased demand from first-time buyers and investors alike, which is driving up competition in certain neighborhoods — but don’t worry! With the right approach, there are still plenty of affordable options.

As of early 2025, the average price for first-time friendly homes — including condos, townhouses, and smaller detached homes — ranges from $600,000 to $950,000. Townhomes have become especially popular due to their lower cost and family-friendly design. Condos are great for single professionals or couples looking for low-maintenance living closer to transit hubs.

Markham offers a wide selection of housing types:

• Condominiums in Unionville and Downtown Markham
• Townhomes in Wismer and Greensborough
• Semi-detached homes in Milliken Mills and Middlefield
• Detached houses in Cornell and Box Grove

Location matters — especially when buying your first home. Markham’s neighborhoods vary widely in feel, price, and proximity to amenities. Here are a few areas that consistently attract first-time buyers:

1. Cornell: A master-planned community with new builds, schools, and green space. Great for families.
2. Greensborough: Affordable townhomes and semi-detached homes, close to transit (Mount Joy GO Station).
3. Downtown Markham: Urban vibe with condos, restaurants, and VIVA Rapid Transit. Perfect for young professionals.
4. Milliken Mills: Offers diversity, reputable schools, and access to highways — great for commuters.

Transit access is another big plus. Markham is served by the GO Transit network, VIVA buses, and is driving distance to Highways 407 and 404 — ideal for commuting to Toronto while enjoying suburban life.

Buying a home in Markham may feel overwhelming, especially when it comes to finances — but help is available. In 2025, there are several programs designed to lighten the load for first-time homebuyers.

• First-Time Home Buyer Incentive (Federal): Offers 5–10% of a home’s purchase price as a shared equity mortgage.
• Land Transfer Tax Refund: Save up to $4,000 on your provincial land transfer taxes.
• Home Buyers’ Plan (HBP): Withdraw up to $60,000 from your RRSPs tax-free to buy your first home.
• Markham Real Estate Rebates: Some local developers offer cash-back or closing cost assistance — ask your agent!

Working with an experienced real estate agent can help you take full advantage of these programs. Many buyers don’t realize what they’re eligible for — and that can mean leaving thousands of dollars on the table.

Markham’s market trends are shifting in 2025. To stay ahead of the curve, follow these smart strategies:

• Get Pre-Approved Early: Knowing your budget gives you leverage and focus.
• Monitor New Developments: Pre-construction condos and freehold homes offer good value — just read the fine print!
• Work with a Local Realtor: They know the micromarkets, upcoming zoning changes, and how to negotiate in a fast-moving landscape.
• Think Long-Term: Invest not just in a home, but in a community that fits your future — schools, services, transit, and resale potential.

Entering the Markham real estate market as a first-time buyer doesn’t have to be daunting. With its balance of affordability, community charm, and future-focused growth, Markham offers solid options whether you prefer the buzz of Downtown Markham or the family feel of Cornell.

The key is preparation: educate yourself, get expert guidance, and stay realistic about your must-haves versus your nice-to-haves. Aim for a home — and a neighborhood — where you can grow, thrive, and truly feel at home.

Ready to find your perfect home in Markham?
Contact us today for personalized help.