Markham, York Region, Ontario

Cost of Living in Markham

Markham is York Region's tech hub — but what does it cost to live here?

$2,750
avg 2BR rent/mo
$1.28M
avg home price
0.65%
property tax rate
$280
GO Transit/mo

About Markham

Markham is Canada's high-tech capital with IBM, AMD, and hundreds of tech firms. Unionville's heritage charm, diverse food scene, and excellent schools make it a top choice — at a price.

Highlights

  • Canada's tech capital (IBM, AMD, Qualcomm HQ)
  • Historic Unionville Main Street
  • York Region's most diverse food scene
  • Future Yonge North subway extension

True Monthly Cost Summary

Renting a 2BR (single person)

$3,668/mo

Rent + utilities + transit + groceries + insurance

Buying avg home (20% down, 5.5%)

$9,198/mo

Mortgage + tax + utilities + transit + groceries + insurance + maintenance

Buying avg home (family of 4)

$10,208/mo

Same as above + family grocery costs

Calculate Your True Cost

Detailed Cost Breakdown — Markham

All figures are 2026 estimates from public sources.

Average 2BR Rent
$2,750/mo
Average Home Price
$1,280,000
Average Condo Price
$650,000
Property Tax Rate
0.65%
Monthly Utilities
$270/mo
GO Transit Pass
$280/mo
Groceries (single)
$430/mo
Groceries (family)
$1080/mo

Sources: York Region municipal bylaws (property tax), Enbridge/Alectra (utilities), Metrolinx (GO Transit), StatsCan CPI (groceries), CMHC (rents), TRREB (home prices). Not financial advice.

Current Listings in Markham

1 rental and 1 sale available (demo data).

$2,100/mo

2BR Basement — Markham

Rent

Bur Oak / McCowan area

2 Bed · 1 Bath · 850 sqft

$1,450,000

5BR Detached — Markham

Sale

Unionville Main St area

5 Bed · 4 Bath · 3,200 sqft

Not financial advice. All data comes from public sources (York Region, MPAC, StatsCan, CMHC). Verify with a licensed professional.

Ready to see your personal numbers?

The calculator lets you input your income, budget, and family size for a personalized cost breakdown.

Create Free Account

Free tier includes the full calculator. No credit card.