Real Estate for Rent in Cedarwood, Markham, ON

Name: HOMEH Market Pulse — Cedarwood, Markham closed sales and leases
Creator: HOMEH
License: https://homeh.com/terms-of-use

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Neighbourhood in Markham

Cedarwood

family-friendly suburban community-oriented

Cedarwood is a residential neighbourhood in Markham, Ontario. It offers a mix of housing options and a family-friendly environment.

Median home price: $899,495 Median rent price: $2,325 Schools rated 7.4 on average Majority of homes are single-detached High percentage of homeowners at 80.3%

Day to dayLivability

7.4

Schools near listings

out of 10 · averaged over 783 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$899,495

17% below Markham 26% above Ontario

In Cedarwood

$899,495

In Markham

$1,088,000

In Ontario

$715,000

Median monthly rent

$2,325/mo

7% below Markham 7% below Ontario

In Cedarwood

$2,325

In Markham

$2,490

In Ontario

$2,500

≈ 32.2 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

Median $899,495

Houses 13 · Condos 6

For rent

Median $2,325

Houses 19 · Condos 9

Recently sold

Recently leased

Market data as of 2026-10-11. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Family-friendly atmosphere
Strong community with many families
Good school ratings
Diverse housing options
High home ownership rate

Keep in mind

Prices are above the city median
Limited public transit options
Higher rent strain for renters

The feel of the placeLifestyle

Daily life in Cedarwood is calm and community-focused, with parks and schools nearby. It is suitable for families and those who enjoy a suburban feel.

Great for families first-time buyers homeowners

Within the boundaryWhat's nearby

The boundary

2.4 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

Parks

Playgrounds

Grocery stores

Restaurants

Cafés

Pharmacies

Counted across all 2.4 km² of Cedarwood. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

7.4/10

Average rating of the 1 rated school in this area

Elementary

Secondary

Cedarwood Public School
Public · Grades JK–8 · York Region DSB
7.4/107.5 over 5 yrs
626th of 3,045 Ontario elementary schools
615 students · EQAO 2024-2025
Ustudy Learning Center
Independent
Not rated

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Cedarwood, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

9,737

Population (2021)

4.0 km²

Area

2,422

People per km²

35.6

Median age

$110,000

Median income

80%

Own their home

3.8

People per household

2,560

Households

Every age

Children (under 15)19.2%
Working age (15–64)69.3%
Seniors (65+)11.5%

What is built here

Detached houses55.2%
Semi-detached17.9%
Townhouses4.1%
Duplexes6.2%
High-rise apartments16.6%

Own or rent

80%Owners

20%Renters

Across 2,560 households

When it was built

Mostly 2001–2005

1960 or earlier1%
1961–19801%
1981–19901%
1991–200016%
2001–200532%
2006–201016%
2011–20156%
2016–202128%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

61.6%
Born outside Canada: 32.5%
Hold a degree or higher: 53.4%
Employment rate: 8.2%
Commute by transit: 87.9%
Commute by car: 1.9
Children per family: $98,000
Median income after tax: $129,400
Average household income: 7.7%
Living on a low income: $2,100/mo
Renters pay, per month: $2,340/mo
Owners pay, per month: $1,000,000
Median home value at census: 47.5%
Renters spending 30%+ of income on housing: 33.7%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 1 census area inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry

HOMEH Market Pulse Through September 2026 Deep sales history

What homes in Cedarwood actually rent for

108 homes were leased in Cedarwood over the 12 months to September 2026. Half leased above $2,674 and half below, 9.4% lower than the 12 months before. A typical home found its tenant in 32 days — 7 days slower than a year ago.

Median rent: $2,674; -9.4% year over year
Days to lease: 32; 7 days slower
Leases closed: 108; last 12 months
Rent per square foot: $1.90/mo; from 103 sized leases

Three years of rents

The line is the median. The band is the middle half of every lease — how wide it runs tells you how much one home here differs from the next.

$3,748$3,033$2,317$1,602

Oct ’23Oct ’24Sep ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$2,980/mo

on a $3,000 asking rent — under ask by $20

−10%Asking rent+10%

Of the asking rent: 99.3%
Leased over asking: 4.6%

From 108 leases that closed here in the last 12 months.

Rent or buy in Cedarwood

30.8 years

of rent, at the going rate here, adds up to what a home here costs.

Median sold price

$988,220

50 sales

Median rent

$2,674/mo

108 leases

Gross rental yield

3.25%

before costs

Both figures come from deals that actually closed in Cedarwood over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.

What actually rents in Cedarwood

A single median hides this: the mix of homes behind it, and what each kind costs.

108leases

Condo apartment$2,40314.8%
Semi-detached$3,1004.6%
Other kinds, too few of each —80.6%

How fast it moves

Median days on market, month by month. Taller means slower.

Sep 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — Cedarwood, rentals

Monthly closed leases in Cedarwood
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	5	$2,300	$2,250 – $2,330	26	100.0%
Aug 2026	11	$3,100	$2,675 – $3,275	26	97.9%
Jul 2026	8	$2,650	$2,350 – $2,900	44	100.0%
Jun 2026	12	$3,050	$2,713 – $3,388	31	100.0%
May 2026	7	$2,600	$1,950 – $2,900	20	100.0%
Apr 2026	12	$2,275	$1,750 – $2,563	27	100.0%
Mar 2026	6	$1,900	$1,788 – $2,125	18	100.0%
Feb 2026	10	$2,825	$2,688 – $3,155	22	99.2%
Jan 2026	14	$2,725	$2,350 – $3,150	47	100.0%
Dec 2025	8	$2,925	$2,475 – $3,088	46	97.0%
Nov 2025	4	Not enough leases this month to report a median
Oct 2025	11	$2,750	$2,325 – $3,300	28	98.5%
Sep 2025	13	$2,900	$2,100 – $3,450	18	98.6%
Aug 2025	13	$2,900	$2,250 – $3,500	22	100.0%
Jul 2025	11	$2,850	$2,150 – $3,025	27	100.0%
Jun 2025	7	$3,050	$2,875 – $3,300	13	100.0%
May 2025	13	$3,050	$2,700 – $3,500	17	100.0%
Apr 2025	14	$3,100	$2,650 – $3,500	17	100.0%
Mar 2025	9	$2,350	$1,750 – $2,700	42	100.0%
Feb 2025	8	$2,800	$2,538 – $2,998	26	100.0%
Jan 2025	11	$2,850	$2,300 – $3,200	35	100.0%
Dec 2024	7	$3,200	$3,100 – $3,450	29	100.0%
Nov 2024	7	$3,300	$2,925 – $3,550	47	100.0%
Oct 2024	10	$3,150	$2,388 – $3,375	15	100.0%
Sep 2024	6	$2,850	$2,388 – $3,275	17	100.0%
Aug 2024	16	$2,825	$2,431 – $3,000	36	100.0%
Jul 2024	13	$2,900	$2,350 – $3,050	39	100.0%
Jun 2024	14	$2,875	$2,225 – $3,200	40	100.0%
May 2024	5	$2,950	$2,775 – $3,300	23	100.0%
Apr 2024	7	$3,100	$2,900 – $3,350	24	100.0%
Mar 2024	6	$2,675	$2,163 – $3,000	43	100.0%
Feb 2024	6	$2,350	$2,350 – $2,538	55	100.0%
Jan 2024	10	$3,300	$3,200 – $3,500	42	100.0%
Dec 2023	10	$2,575	$2,156 – $3,325	27	100.0%
Nov 2023	12	$3,450	$2,850 – $3,600	25	100.0%
Oct 2023	12	$3,450	$1,800 – $3,600	21	100.0%

1 of these months closed fewer than 5 leases. A middle value taken over that few is not a market figure — with one lease it is simply that lease — so the count is shown and the median is not. The leases themselves still count toward the 12-month figures above.

What people ask about Cedarwood

How much does a home cost in Cedarwood?

Homes in Cedarwood sold for a median of $988,220 over the 12 months to September 2026, across 50 closed sales — half sold for more and half for less. That is 12.7% lower than the 12 months before it.

How long does it take to sell a home in Cedarwood?

A home in Cedarwood took a median of 34 days on the market over the 12 months to September 2026. Homes there closed at 98.8% of the asking price on average, with 26.0% selling over asking.

How much is rent in Cedarwood?

The median lease in Cedarwood closed at $2,674 a month over the 12 months to September 2026, across 108 leases.

Is it cheaper to rent or buy in Cedarwood?

A home in Cedarwood costs about 30.8 years of the rent on one — the median price of $988,220 against a median rent of $2,674 a month, a gross yield of 3.25%. The shorter that number, the closer buying is to renting before financing costs.

Compiled by HOMEH from leases reported closed in Cedarwood on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one home. Not an appraisal or an opinion of value.

Condos in Cedarwood

A condo here is its own market

14 condo apartments are on the market in Cedarwood right now. Too few have closed here in the last year for us to publish a median we would stand behind.