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HomeCitiesMarkham
York Region · Ontario

Markham Mortgage Broker

Markham is Ontario's tech hub, attracting high-income buyers who demand sophisticated mortgage structuring. Properties frequently exceed $1M, requiring conventional (non-CMHC) financing.

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Region
York Region
Population
360K+
Avg Home Price
$1,180,000
Min Down Payment
$236,000

Most Markham properties exceed $1.5M, requiring a minimum 20% down payment. Conventional mortgage products dominate this market.

Today's Best Markham Mortgage Rates

Representative rates from our lender panel. Your rate depends on down payment, income, and credit profile.

TermRate
1-Year Fixed5.09%Get this rate →
2-Year Fixed4.89%Get this rate →
3-Year FixedPopular4.64%Get this rate →
5-Year Fixed4.44%Get this rate →
5-Year Variable5.10%Get this rate →

Rates updated weekly. OAC — rates are not guaranteed until a formal commitment is issued.

Why Markham Buyers Choose RateCore

Our brokers know the Markham market and have access to lenders that don't advertise publicly.

  • Access 30+ Ontario lenders in one application
  • FSRA-licensed brokers — no commission from you
  • Pre-approval decision in 24–48 hours
  • Rate holds up to 120 days
  • Provincial LTT rebates applied automatically
  • CMHC insurance structured to minimise premiums
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30+ Lenders

Run the Numbers for Markham

Our calculators are pre-set to Markham's average home price. See your monthly payment, affordability ceiling, and closing costs in seconds.

Payment CalculatorAffordability CalculatorStress Test CalculatorClosing Costs Calculator

Markham Mortgage FAQ

What is the average home price in Markham?
The average home price in Markham is approximately $1,180,000 as of 2025. Most Markham properties exceed $1.5M, requiring a minimum 20% down payment. Conventional mortgage products dominate this market.
Do I need 20% down to buy in Markham?
Most properties in Markham exceed $1M, which means CMHC insurance is not available and you'll need at least 20% down. For a $1,180,000 home that's roughly $236,000. A broker can help you structure your financing optimally.
Is there a municipal land transfer tax in Markham?
No — Markham is subject to Ontario's provincial land transfer tax only, not the City of Toronto municipal surcharge. First-time buyers may be eligible for up to $4,000 in provincial rebates.
How do I qualify for a mortgage in Markham?
To qualify for a mortgage in Ontario, lenders assess your income, credit score, down payment, and existing debts. All buyers must pass the mortgage stress test (qualifying at 5.25% or your contract rate + 2%, whichever is higher). A broker who knows the Markham market can match you with the lender most likely to approve you.
How fast can I get pre-approved for a Markham property?
RateCore typically delivers a pre-approval decision within 24–48 hours of receiving your documents. Start your application online in under 5 minutes and a broker will reach out within 1 business day.
FSRA-Licensed · No cost to you · No obligation

Ready to Buy in Markham?

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Average response time: under 1 business day.