Property Prices in Markham, Canada

Index
Price to Income Ratio:	7.88
Mortgage as Percentage of Income:	71.01%
Loan Affordability Index:	1.41
Price to Rent Ratio - City Centre:	18.16
Price to Rent Ratio - Outside of Centre:	11.97
Gross Rental Yield (City Centre):	5.51%
Gross Rental Yield (Outside of Centre):	8.35%

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Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	2,316.67 C$	2,000.00-2,600.00
Apartment (1 bedroom) Outside of Centre	2,200.00 C$	1,800.00-2,400.00
Apartment (3 bedrooms) in City Centre	4,033.33 C$	3,800.00-4,500.00
Apartment (3 bedrooms) Outside of Centre	3,400.00 C$	3,000.00-3,800.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	839.99 C$	749.99-929.99
Price per Square Feet to Buy Apartment Outside of Centre	500.00 C$
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	4,575.27 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	6.59	4.45-6.90

These data are based on 48 entries from 14 contributors over the past 18 months.
Last update: April 2025

Sources and References

Nearby Cities:

Property Prices in Richmond Hill	13.52 miles
Property Prices in Vaughan	16.31 miles
Property Prices in Whitby, ON	21.58 miles
Property Prices in Toronto	22.24 miles
Property Prices in Oshawa	26.84 miles
Property Prices in Brampton	34.70 miles
Property Prices in Georgina	37.11 miles
Property Prices in Oakville	45.50 miles
Property Prices in Burlington	55.04 miles
Property Prices in Peterborough	62.06 miles

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country data (source The World Bank, 2024)
GDP Per Capita ($) :	55,900.00
GDP Growth Rate:	1.25%
Population Growth Rate:	0.71%