Thornhill North, Markham - August 2026 Real Estate Report

Thornhill North, Markham: What Your Neighbour Hasn't Told You Yet

If you own a home in Thornhill North and you haven't checked your property value lately, now is the time to pay attention. The market here is sending mixed signals depending on what you own - and the gap between what the city thinks your place is worth and what it's actually worth right now is real.

The Vibe: Houses vs. Condos

Houses

Let's be straight with each other. The house market in Thornhill North is taking a breather. One property sold recently at an average of $1,400,000, and buyers paid about 90 cents on the dollar of the asking price. That means sellers are negotiating - and buyers know it. Properties are sitting for about 17 days before moving, which isn't bad, but it's not a frenzy either.

The HonestDoor Price for houses sits at $1,587,066, up 1.28% from the previous period. That's a modest but real gain. The predicted market value is $1,566,946, which is slightly dipping compared to the 3-month moving average of $1,570,464. Nothing alarming, but worth watching.

• Average HonestDoor Price: $1,587,066 (up 1.28%)
• Average sale price: $1,400,000
• Price per square foot: $622
• Sale-to-list ratio: 90.06% - buyers are winning negotiations
• Average days on market: 17
• Estimated monthly rent: $5,702
• Rental yield: 4.04%
• Neighbourhood leaderboard - Growth rank: 10 out of 14 in Markham
• Neighbourhood leaderboard - Price rank: 6 out of 8 in Markham
• Neighbourhood leaderboard - Days-on-market rank: 3 out of 7 (moderately fast)

On the leaderboard, houses here rank in the lower half for growth compared to other Markham neighbourhoods. That's the honest picture. If you're comparing us to Thornhill South, where the average HonestDoor Price hits $2,229,075, we're in different territory. But we're also sitting comfortably above Richmond Hill B at $1,551,001.

Condos

Condos tell a different story - and actually a more interesting one for investors. The HonestDoor Price for condos is $594,953, which has dipped 2.47% recently. But here's the flip side: the predicted market value is $609,995, and the 3-month trend is only slightly declining from $614,683. Short-term softness, not a collapse.

What stands out is where we rank. On the neighbourhood leaderboard for condo growth, Thornhill North sits at 4 out of 14 in Markham. That puts us in the top tier. We're also priced above both Thornhill South condos ($581,455 predicted) and Richmond Hill B ($530,149). For a condo buyer, that's a signal that this pocket holds its value better than some of the neighbours.

• Average HonestDoor Price: $594,953 (down 2.47%)
• Predicted market value: $609,995
• Estimated monthly rent: $2,957
• Rental yield: 3.62%
• Airbnb estimate: $144 per night
• Airbnb rank in Markham: 7 out of comparable neighbourhoods
• Neighbourhood leaderboard - Growth rank: 4 out of 14 in Markham (above average)

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

Here's the thing about your city assessment - it's a snapshot from the past. The Municipal Property Assessment Corporation updates values on a cycle, which means the number on your tax bill could be based on market conditions from years ago. That number is not what a buyer would pay you today.

The HonestDoor Price is a real-world check. It pulls from current sales data and updates regularly. For houses in Thornhill North, the HonestDoor Price of $1,587,066 is sitting above the recent average sale price of $1,400,000. That gap matters if you're thinking about equity, refinancing, or just knowing where you actually stand. Don't let a stale government number be the last word on what your home is worth.

Check your HonestDoor Price now - not when the next assessment cycle rolls around.

The "So What?" - Thinking About Selling This Summer?

If you own a house in Thornhill North and you're thinking about listing this summer, here's the honest take. The market is a buyers' market right now. That 90.06% sale-to-list ratio tells you buyers are negotiating hard and winning. Pricing sharp from day one is not optional - it's the strategy. Overpricing and hoping will cost you time and money.

Seventeen days on market is still reasonable. You're not sitting for months. But with a growth rank of 10 out of 14 in Markham, you don't have the wind at your back the way some other neighbourhoods do. That means presentation, pricing, and timing all have to work together.

If you own a condo, the picture is a bit brighter. A growth rank of 4 out of 14 means we're punching above average. The rental yield of 3.62% and a $2,957 monthly rent estimate make this an attractive hold for investors too - which keeps demand steady.

Bottom line: summer 2025 in Thornhill North rewards sellers who are realistic and buyers who are patient. Know your HonestDoor Price, understand where your property sits on the leaderboard, and make your move with clear eyes.

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.