Markham Homes for Sale

About Markham

Lying 30 kilometres north of downtown Toronto, Markham is Canada’s 16th largest city and York Region’s largest municipality. Residents widely recognize Markham as a suburb of Toronto, with the city branding itself as the nation’s high-tech capital over recent years. It is also home to several large businesses, including ATI Technologies and IBM Canada.

The city’s landscape consists of rolling hills with the Don and Rouge rivers intersecting them. In addition, it boasts historic neighbourhoods like Thornhill and Unionville, which offer residents a feeling of heritage as well as opportunities for dining, shopping, and even exploring, thanks to the multiple walking and biking trails.

There is a reason why the city’s real estate continues to remain desirable to property buyers from all walks of life, especially with Markham priding itself on its ethnically diverse community. Its perfect blend of small-town feel and big-city energy makes Markham an excellent place to call home.

Markham - Land Transfer Tax

When purchasing a property in Markham, you’ll have to pay the Ontario Land Transfer Tax, which is due upon closing. There is no municipal transfer tax. If you’re a first-time home buyer, you could be eligible for a rebate to a maximum of $4,000. See below for Ontario Land Transfer Tax rates.

Ontario Land Transfer Tax

Purchase PriceRate
$0 - $55,0000.5%
$55,000.01 - $250,0001.0%
$250,000.01 - $400,0001.5%
$400,000.01 - $2,000,0002.0%
$2,000,000+2.5%

Land Transfer Tax Calculator

$
Provincial tax$6,475
Municipal tax$0
Rebate$0
Total land transfer tax$6,475

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