Thornhill North, Markham - October 2026 Real Estate Report
Thornhill North, Markham: What Your Neighbour Isn't Telling You About Home Prices Right Now
The Vibe in Thornhill North
If you've been watching the "For Sale" signs on our streets lately, here's what's actually happening. The market is taking a breather - but it's not falling apart. Houses and condos are telling two very different stories right now, and which one you're in matters a lot for your wallet.
Houses: Steady, But Buyers Are Calling the Shots
Let's be straight about what the house numbers are saying. The average sale price sits at $1,400,000, and homes are moving in about 17 days. That's not bad. But here's the number that tells the real story: homes are selling at 90.06% of list price. That means buyers are negotiating, and they're winning. If you're pricing your house like it's 2022, you're going to sit.
- Average HonestDoor Price: $1,543,100 (down 2.33% from last period)
- Average sale price: $1,400,000
- Price per square foot: $622
- Average days on market: 17
- Sale-to-list ratio: 90.06% - buyers are paying below asking
- Predicted market value: $1,579,977
- Estimated rent: $5,730 per month
- Rental yield: 4.04%
- Growth rank: 3 out of 14 neighbourhoods in Markham - that's above average
On the neighbourhood leaderboard, houses in Thornhill North rank 3rd out of 14 for growth in Markham. That's a real bright spot. We're not leading the pack, but we're solidly in the top tier. Days on market ranks 3rd out of 7, meaning our houses move faster than most. Price rank is 7th out of 9, so we're not the priciest game in town - which actually works in our favour when buyers are comparison shopping.
Compare us to the neighbours: Thornhill South houses average $2,135,945 and Concord-Vaughan sits at $1,807,077. We're the more accessible entry point into this pocket of the GTA, and that keeps demand from drying up completely.
Condos: A Trickier Picture
Condos are where we need to have an honest conversation. The HonestDoor Price for condos is $604,657 - up 3.66% from last period, which sounds great. But the predicted market value has slipped to $583,306, down from a 3-month average of $596,084. Values have shifted -1.96% recently. On the Markham condo leaderboard, Thornhill North ranks 13th out of 14 for growth. That's bottom of the class, and we shouldn't sugarcoat it.
- Average HonestDoor Price: $604,657 (up 3.66% from last period)
- Predicted market value: $583,306
- 3-month moving average: $596,084 - and we're trending below it
- Recent value change: -1.96%
- Estimated rent: $2,938 per month
- Rental yield: 3.68%
- Growth rank: 13 out of 14 in Markham - bottom performers
- Airbnb rank: 7 in Markham, at roughly $146 per night
The one silver lining for condo owners: we're still priced higher than Richmond Hill B ($525,634) and Thornhill South ($571,947). Concord-Vaughan edges us out at $697,944. If you own a condo here and you're thinking about your next move, the window to act at current prices deserves serious thought.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here's something most homeowners don't think about until it's too late. Your city tax assessment is a snapshot from the past - sometimes years old. It has nothing to do with what a buyer would actually pay for your home today. The HonestDoor Price is updated in real time using current sales data, market shifts, and what's actually happening on our streets right now.
For houses in Thornhill North, the HonestDoor Price is $1,543,100. The predicted market value is $1,579,977. Your tax assessment? Almost certainly lower than both - and if you're making any financial decision based on it, you're working with stale information. Whether you're refinancing, thinking about selling, or just want to know where you actually stand, the HonestDoor Price is the real-world check that your assessment will never give you.
For condo owners, this gap matters even more right now. With values shifting -1.96% recently, knowing your current number - not last year's number - is the difference between a smart decision and a costly one.
The So What - Thinking About Selling This Summer?
If you own a house in Thornhill North and you're considering selling this summer, here's the straight talk. You're in a buyers' market right now. That 90.06% sale-to-list ratio means you need to price sharp from day one. Overpricing and chasing the market down is the worst strategy in this environment. The good news: 17 days on market means well-priced homes are still moving. And sitting 3rd on the Markham growth leaderboard means buyers are still choosing our neighbourhood over most others.
If you own a condo, summer 2025 is a moment to pay close attention. The growth rank of 13 out of 14 is a signal, not a panic button - but it does mean the longer you wait, the less certainty you have about where prices land. A rental yield of 3.68% keeps the investor case alive, but it's not strong enough to ignore what the market is doing.
Bottom line for all of us in Thornhill North: check your HonestDoor Price before you make any move. It's the only number that reflects what your home is worth today - not what the city thought it was worth two years ago.
thornhill north | markham | october 2026This 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.