Mortgage Broker in Markham
Clear mortgage options for Markham purchases, renewals and refinances—reviewed by a specialist and matched to your needs.
Buying, renewing or refinancing in Markham? The right mortgage depends on the property and your full financial picture—not only the advertised rate. A Downtown Markham condo, Unionville detached home or Berczy Village townhouse can be assessed differently based on price, down payment, occupancy and closing date.
Start with a clear budget and the documents a lender will need. Salaried professionals, incorporated business owners and self-employed borrowers can all have suitable options. We review income, credit, down payment and property details, then explain the payment, conditions and total cost before you decide.
August 2026 market snapshot
What homes sold for in Markham
282 homes sold that month
Overall average sold price
$1,208,692
Across all home types sold in Markham during August 2026.
Detached average sold price
$1,611,773
Freehold townhouse average sold price
$1,031,119
Condo apartment average sold price
$638,332
These are average sold prices from August 2026, not current asking prices or a valuation of any individual home. A property's price and financing depend on its condition, location and the details of your application.
Source: Toronto Regional Real Estate Board (TRREB), Market Watch, August 2026. View Market Watch archive
Plan a Markham mortgage payment
We started with the August 2026 average sold price. Change it to your own budget, then adjust the down payment and rate. This is a planning estimate, not a rate quote or approval.
Purchase price
$1,208,692
Estimated monthly payment
$5,352
What this payment includes
Mortgage principal and interest over 25 years, using the illustrative rate you select.
Budget for these separately
- Property taxes and home insurance
- Condo fees and utilities, if applicable
- Land transfer tax and closing costs
- Mortgage default insurance, if required
With less than 20% down, a mortgage insurance premium may apply. This estimate does not calculate that premium or determine mortgage eligibility.
Down payment
Illustrative interest rate
- Down payment
- $241,738
- Mortgage amount
- $966,954
Assumes a 25-year amortization. See the payment breakdown for costs this estimate excludes.
Markham in the 2021 Census
A longer view of the community behind today's housing market.
2021 Census of Population
Population
338,503
2.9% growth from 2016 to 2021
Occupied homes
110,867
Private dwellings occupied by usual residents
Average household
3.0 people
People per private household
Single-detached homes
62,270
Of 110,865 occupied private dwellings
Adapted from Statistics Canada, 2021 Census Profile. This does not constitute an endorsement by Statistics Canada of this product. These are census characteristics, not current property valuations.
What the numbers mean if you are financing here
Markham includes established neighbourhoods, higher-density condominium areas and family housing across York Region. The property you choose, its condition and its intended use can all affect the lender’s appraisal and approval requirements.
Before making an offer, confirm the payment you are comfortable with, your down-payment source and the documents you can provide. A mortgage specialist can compare the options available for your complete file and explain the conditions and total borrowing cost before you commit.
Who is buying in Markham
Markham files commonly include first-time condo buyers, families moving between townhomes and detached properties, investors reviewing rental financing, and established professionals or business owners whose income does not fit a simple salary slip. The right lender depends on the full file: down payment source, credit history, property type, occupancy, income documentation and the requested amortization.
Applicants who are self-employed or incorporated should gather notices of assessment, financial statements, business documents and recent bank statements early. That gives the broker enough time to compare an A-lender, alternative or private solution when appropriate instead of making a rushed decision close to closing.
Lender considerations in Markham
A Markham purchase near or above the insured-mortgage price threshold can change the minimum down-payment calculation and the available product set. Condo status certificates, appraisal support for unusual homes, rental income and business-for-self documentation can also affect lender selection.A pre-approval is not a guarantee of funding. The property, borrower documents and final underwriting still need to satisfy the lender. Mortio should present the trade-offs, fees and conditions clearly before a borrower accepts an offer.
Local advice from our Markham office
Visit us at Unit 113, 1020 Denison Street, or speak with a mortgage specialist by phone or online. We’ll review your plans and explain the options available for your file.
Land transfer tax in Markham
Buyers in Markham pay the Ontario land transfer tax only — there is no municipal land transfer tax here, unlike the City of Toronto.
Markham is in York Region and does not levy Toronto’s separate municipal land transfer tax. Ontario land transfer tax still applies, and first-time buyer eligibility should be checked against the current provincial rules.
- 0.5% on the first $55,000
- 1.0% on $55,000.01 to $250,000
- 1.5% on $250,000.01 to $400,000
- 2.0% on $400,000.01 to $2,000,000
- 2.5% above $2,000,000 on one and two single-family residences
First-time buyers can claim a provincial rebate of up to $4,000.
Markham buyers pay Ontario land transfer tax. Markham does not add the separate municipal land transfer tax charged by the City of Toronto. First-time buyers may qualify for the Ontario refund of up to $4,000, subject to the provincial eligibility rules and filing deadlines. Budget for legal fees, title insurance, appraisal or inspection costs where applicable, property-tax and utility adjustments, and any lender or broker fees disclosed in the commitment. The exact amount depends on the property and transaction, so a closing statement from a lawyer should be used for final planning.
Neighbourhoods we finance in
Unionville
A mature and varied area with heritage streets, established homes, townhouses and newer condominium development. Property condition and lot characteristics can affect appraisal requirements.
Downtown Markham
A transit-oriented mixed-use centre with condominium apartments, townhouses, offices and new development around the Highway 7 corridor.
Berczy Village
A family-oriented community with detached homes, townhouses, parks and schools. Move-up buyers should review the full purchase and sale timeline before making an offer.
Angus Glen
A higher-value community with detached homes and townhouses. Larger loan amounts and property-specific underwriting make early pre-approval especially useful.
Milliken Mills
A north-west Markham community with a mix of established housing and newer development. Multi-generational and co-borrower files may require careful income and down-payment documentation.
Cornell
A newer family neighbourhood with freehold and townhouse housing. Buyers should budget for closing adjustments and confirm the lender accepts the property type and tenure.
Markham mortgage questions
Start with a purchase price you are considering, your available down payment and a payment you can comfortably carry. Then allow for land transfer tax, legal fees, property taxes, condo fees where applicable and an emergency buffer. A pre-approval or mortgage review can identify documentation and qualification issues before you make an offer.
Ready to see your Markham options?
We compare multiple lender options and explain the trade-offs in plain language. No obligation, no credit check to start.