How to Spot a Good Deal

If you’re a first-time buyer in Markham—or even just starting to dip your toes into the market—it’s easy to feel a mix of excitement and uncertainty. With prices on the rise, neighborhoods shifting fast, and listings popping up and disappearing before lunch, buying a home in Markham can feel like a race you didn’t train for. But don’t worry—you’re not alone. Whether you’re looking for a cozy condo or a family-friendly detached home, knowing how to spot a good deal doesn’t require a magic trick. It just takes the right mindset, the right tools, and a little trusted guidance.

In this guide, I’ll walk you through what actually makes a good real estate deal in Markham—from pricing to neighborhood perks, and everything in between—so you can make smart, confident choices without second-guessing yourself.

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Understand What “Good Deal” Really Means

Let’s be clear: a good deal doesn’t always mean the cheapest home. In Markham’s competitive market, it’s about value—what you’re getting for the price you’re paying. That means looking beyond the list price and considering the bigger picture.

Here are a few important things to look for:

  • Location Appeal: Is it close to GO Transit, good schools like Pierre Elliott Trudeau or Unionville High, or a short drive to Markville Mall?
  • Long-Term Potential: Does the neighborhood show signs of growth or gentrification?
  • Comparable Sales: How does the price compare to similar homes for sale in Markham?

The key is balancing what you need now with what this home could offer down the road—whether that’s steady value, rental potential, or room to grow.

Pay Attention to Days on Market

In real estate, timing can tell a compelling story. If a home has been sitting on the market for a while (especially in fast-moving areas like Unionville or Cornell), it could signal opportunity—but also a potential red flag.

So what should you do?

  • Ask why it hasn’t sold. It could be pricing, condition, or just bad timing.
  • Use days on market as leverage. A motivated seller might be more open to negotiation.
  • Don’t assume long listing time = bad house. Sometimes all it needs is a second look.

Especially if you’re buying a home in Markham where turnover is usually swift, noticing longer-than-usual listings is one way to potentially land a solid deal others have overlooked.

Compare Listings in Local Micro-Markets

Markham isn’t just one real estate market—it’s a collection of micro-markets. And knowing your neighbourhoods is one of the best ways to unlock great value.

Here’s how a few areas compare:

  • Box Grove: Family-friendly with solid detached options and quick access to 407; prices can be more reasonable compared to new builds in Cornell.
  • Milliken Mills: A bit older, but homes are spacious and well-situated near shops, parks, and TTC access.
  • Greensborough: Up-and-coming with newer builds and excellent proximity to Mount Joy GO Station—a commuter’s dream.

Work with someone local to help you understand where you’ll maximize both lifestyle and investment—because the “affordable house” that adds two hours to your commute won’t feel like a deal for long.

Look Closer at Condition vs. Cosmetic

Don’t let paint colors or an outdated kitchen backsplash scare you off. Some of the best deals are homes that need a little cosmetic love—not full-on renovations.

What matters more?

  • Structure, roof, electrical: These are high-cost items to fix, so good condition here adds major value.
  • Layout and flow: Changing floorplans is pricey—buying a well-laid-out home means you can update finishes at your pace.
  • Natural light & orientation: These make a huge quality-of-life difference and are tough to “renovate into” later.

A house with great bones in an amazing school district—even if it needs new countertops—can be your golden ticket. Look past the popcorn ceiling and focus on the potential.

Know When to Act Quickly

In competitive areas of Markham, hesitation can mean missing out. Once you’ve done your homework and know what a “good deal” looks like for you—be ready to move.

This is where having a local agent by your side gives you a real edge. I’ll help you spot red flags and hidden gems so you know when to take a confident step forward—and when to walk away.

Keep in mind: The best deals are rarely perfect on paper. But with the right insights and support, you’ll know when the right one comes along.

If you’re feeling unsure about your next step, you’re not alone.
Let’s make the home buying process feel simple and stress-free.
Reach out to talk about your goals — no pressure, just a helpful conversation.

Last Updated: August 18, 2025 |By |