Markham 16Th, Markham - August 2026 Real Estate Report

Markham 16th: Your House Is Worth More Than the City Thinks - Here's the Proof

If you own a home in Markham 16th and you're still going off your last tax assessment, you're probably leaving money on the table. The real numbers tell a different story - and right now, that story is worth reading.

The Vibe: What's Actually Happening on Our Streets

Let's break it down by property type, because houses and condos are moving in very different directions right now.

Houses - Still a Seller's Game

If you've been watching the "For Sale" signs in Markham 16th, here's what's actually happening with houses. The one home that sold this month went for $1,056,000 - and it sold for 105.61% of the asking price. That means the buyer paid above list. In a market where a lot of neighbourhoods are seeing buyers push back, that's a real signal.

• Average sale price: $1,056,000
• Average list price this month: $999,900
• Sale-to-list ratio: 105.61% - buyers are paying over ask
• Average days on market: 10 days
• Price per square foot: $619
• Days-on-market rank: 1 out of 7 in Markham - the fastest-selling properties around

Ten days on market and over asking. That's not a slow market - that's a tight one. We rank 1st out of 7 comparable neighbourhoods for speed of sale. When a house hits the market here, it doesn't sit.

The one area to watch: our house growth rate ranks 8 out of 14 neighbourhoods in Markham. That puts us in the below-average tier for appreciation right now. Values have dipped 0.89% recently. Not a crisis, but worth knowing if you're timing a sale.

Condos - Taking a Breather

The condo picture is a bit more honest. Values have slid 1.99% recently, and the 3-month trend is pointing down - the predicted value of $664,516 is below the 3-month moving average of $668,522. On the neighbourhood leaderboard, our condos rank 13 out of 14 in Markham for growth. That's a number we shouldn't sugarcoat.

• Average HonestDoor Price: $638,560 - down 3.91% from last period
• Predicted market value: $664,516
• 3-month moving average: $668,522 - trending down
• Estimated rent: $3,027 per month
• Rental yield: 3.52%
• Growth rank: 13 out of 14 in Markham

Here's the silver lining for condo owners: even with the softness, our condos are still priced higher than nearby Markham Village ($567,260 predicted) and Stouffville ($642,951 predicted). We're holding a premium over our neighbours - just not growing as fast as we'd like.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now

Your city assessment is a snapshot from the past. It doesn't know what sold on your street last month. It doesn't know that houses here are going 5.61% over asking. The HonestDoor Price is updated in real time using actual sales data - it's the real-world check against a number the city calculated ages ago.

For houses in Markham 16th, the average HonestDoor Price sits at $1,352,399 - up 2.54% from the previous period. That's meaningfully higher than the average sale price of $1,056,000, which reflects a small sample of transactions. The HonestDoor Price pulls from a broader data set to give you a truer picture of what your home is worth today - not what the city guessed a year or two ago.

For condo owners, the HonestDoor Price of $638,560 is your most current read on value. With the market softening, knowing your real number - not an outdated one - helps you make smarter decisions about timing.

• House HonestDoor Price: $1,352,399 - up 2.54%
• House rental estimate: $5,135 per month
• House Airbnb potential: $255 per night (ranked 9th in Markham)
• Condo HonestDoor Price: $638,560 - down 3.91%
• Condo rental estimate: $3,027 per month
• Condo Airbnb potential: $150 per night (ranked 5th in Markham)

The So What - Should You Sell This Summer?

If you own a house in Markham 16th, the case for selling this summer is real. Buyers are paying over asking, homes are gone in 10 days, and your HonestDoor Price is up 2.54%. You're not in the top tier for growth on the neighbourhood leaderboard, but you're winning on speed and competition. A motivated seller with a well-priced house right now has the upper hand.

If you own a condo, the calculus is different. Values are sliding and we're near the bottom of the Markham growth rankings. That doesn't mean panic - it means be strategic. If you can hold, watch the 3-month trend. If you need to move, price it sharp and don't wait for a recovery that isn't showing up in the data yet.

Either way, pull your HonestDoor Price before you do anything else. It's the number that reflects today's market - not last year's guess.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.