Markham Canada Rentals - Real Estate For Rent
As one of Toronto’s fastest growing suburbs and one with easy accessibility to the city, Markham offers an ideal location for those looking to rent or buy apartments in the Greater Toronto Metropolitan Area. Overall, real estate prices in Markham are much cheaper than in Toronto and the average household income of those purchasing in the area ranges from just over $75,000 to around $140,000.
Many of the homes in Markham, especially apartments and condos are less than 20 years old and were built during a period of rapid suburban residential development that occurred in the 1980s and 1990s. Those who prefer older, heritage style homes have plenty to choose from in the Markham as well.
Like any other area, apartment prices in Markham vary depending on location. In general, areas such as Vinegar Hill and Unionville are considered the more affluent parts of town and homes there command substantially higher prices than other areas such as Wismer Commons and Miliken Mills. Depending on where the property is located, a 2-bedroom, 2-bathroom apartment in Markham costs around $250,000, which is slightlylower than the prices two years ago. A luxury apartment can easily start at $350,000.
Rental prices for apartments in Markham are significantly lower than in many other suburbs close to Toronto. A basement apartment. A two-bedroom basement apartment in the area starts at around $750 to $850, while a larger apartment typically rents from around $1,200 upwards.