Markham

City · Ontario · Population 338,503

Compare with another place Save this place

Housing and jobs

Housing costs, rents, incomes and jobs in Markham, with comparisons and sources.

Affordability

1 · Poor

Average monthly rent$1,890/month

ON: $1,408/month · Canada: $1,209/month · 2006: $1,460/month · 2016: $1,584/month (in 2021 dollars) · Statistics Canada, 2021

Average rent, bachelor apartmentPurpose-built rentals, CMHC October survey.$1,491/month

Metro area average · CMHC, 2025

Average rent, 1-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,761/month

Metro area average · CMHC, 2025

Average rent, 2-bedroom apartmentPurpose-built rentals, CMHC October survey.$2,045/month

Metro area average · CMHC, 2025

Average rent, 3-bedroom apartmentPurpose-built rentals, CMHC October survey.$2,294/month

Metro area average · CMHC, 2025

Rental vacancy rateShare of purpose-built rental apartments empty and available in October.3%

Metro area average · CMHC, 2025

Median dwelling value (owner-estimated)$1,100,000

ON: $700,000 · Canada: $472,000 · 2016: $884,833 (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing32.8%

ON: 24.2% · Canada: 20.9% · 2006: 32.1% · 2016: 34.3% · Statistics Canada, 2021

Economy

31 · Below average

Median household income$104,000

ON: $91,000 · Canada: $84,000 · 2006: $102,333 · 2016: $96,342 (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)2.9%

ON: 5.8% · Canada: 5.2% · 2016: 9% · Statistics Canada, 2021

Unemployment rate13.8%

ON: 12.2% · Canada: 10.3% · 2006: 6.7% · 2016: 7.3% · Statistics Canada, 2021