Condos for Rent in Commerce Valley, Markham, ON

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

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Neighbourhood in Markham

Commerce Valley

family-friendly suburban diverse

Commerce Valley is a neighbourhood in Markham, Ontario. It offers a mix of residential living with access to various amenities.

Median home price is $626,500 Median rent price is $2,950 High school rating is 8.9 Diverse community with 68.1% immigrants Many parks and restaurants available

Day to dayLivability

8.9

Schools near listings

out of 10 · averaged over 1,620 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

$626,500

42% below Markham 13% below Ontario

In Commerce Valley

$626,500

In Markham

$1,088,000

In Ontario

$717,000

Median monthly rent

$2,950/mo

19% above Markham 18% above Ontario

In Commerce Valley

$2,950

In Markham

$2,485

In Ontario

$2,500

≈ 17.7 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

Median $626,500

Condos 52 · Houses 1

For rent

Median $2,950

Condos 22 · Houses 3

Recently sold

Recently leased

Market data as of 2026-10-10. 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

Good schools with high ratings
Family-friendly with parks and playgrounds
Strong community with diverse residents
Majority of homes are owner-occupied

Keep in mind

Limited grocery options
Higher rental prices compared to the city median

The feel of the placeLifestyle

Residents enjoy a suburban lifestyle with access to parks and dining options. The area is suitable for families and professionals.

Great for families first-time buyers professionals

Within the boundaryWhat's nearby

The boundary

2.0 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

Restaurants

Cafés

Pharmacies

Counted across all 2.0 km² of Commerce Valley. From OpenStreetMap, as of 2026-10-12.

The peopleWho lives here

6,069

Population (2021)

4.2 km²

Area

1,452

People per km²

Median age

$68,500

Median income

70%

Own their home

People per household

2,995

Households

Every age

Children (under 15)10.0%
Working age (15–64)68.5%
Seniors (65+)21.6%

What is built here

Semi-detached0.5%
Townhouses22%
Low-rise apartments2%
High-rise apartments75.3%

Own or rent

70%Owners

30%Renters

Across 2,995 households

When it was built

Mostly 2001–2005

1960 or earlier0%
1961–19801%
1981–19902%
1991–200014%
2001–200528%
2006–201023%
2011–201526%
2016–20217%

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.

68.1%
Born outside Canada: 45.3%
Hold a degree or higher: 52.9%
Employment rate: 6.2%
Commute by transit: 86.6%
Commute by car: 1.3
Children per family: $60,400
Median income after tax: $82,100
Average household income: 21.9%
Living on a low income: $1,940/mo
Renters pay, per month: $1,390/mo
Owners pay, per month: $600,000
Median home value at census: 51.2%
Renters spending 30%+ of income on housing: 41.4%
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 Condo apartments only Through September 2026 Deep sales history

What condos in Commerce Valley actually rent for

292 condos were leased in Commerce Valley over the 12 months to September 2026. Half leased above $2,432 and half below, 6.8% lower than the 12 months before. A typical condo found its tenant in 21 days — 2 days slower than a year ago.

Median rent: $2,432; -6.8% year over year
Days to lease: 21; 2 days slower
Leases closed: 292; last 12 months
Rent per square foot: $3.47/mo; from 291 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 condo here differs from the next.

$3,378$2,943$2,508$2,073

Oct ’23Oct ’24Sep ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$2,997/mo

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

−10%Asking rent+10%

Of the asking rent: 99.9%
Leased over asking: 4.5%

From 292 leases that closed here in the last 12 months.

Rent or buy in Commerce Valley

19.4 years

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

Median sold price

$566,594

106 sales

Median rent

$2,432/mo

292 leases

Gross rental yield

5.15%

before costs

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

How fast it moves

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

Oct 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — Commerce Valley, rentals

Monthly closed leases in Commerce Valley
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	20	$2,400	$2,294 – $2,850	21	99.2%
Aug 2026	31	$2,400	$2,250 – $2,500	14	100.0%
Jul 2026	30	$2,375	$2,200 – $2,838	17	100.0%
Jun 2026	26	$2,450	$2,213 – $2,913	17	99.5%
May 2026	26	$2,375	$2,163 – $2,725	18	100.0%
Apr 2026	23	$2,450	$2,325 – $2,950	21	100.0%
Mar 2026	27	$2,500	$2,300 – $2,820	25	100.0%
Feb 2026	21	$2,450	$2,350 – $2,900	21	100.0%
Jan 2026	21	$2,450	$2,300 – $2,700	22	100.0%
Dec 2025	17	$2,450	$2,300 – $2,550	31	100.0%
Nov 2025	26	$2,500	$2,450 – $2,900	27	100.0%
Oct 2025	24	$2,400	$2,350 – $2,513	19	100.0%
Sep 2025	21	$2,500	$2,450 – $2,700	20	100.0%
Aug 2025	38	$2,450	$2,300 – $2,925	14	100.0%
Jul 2025	35	$2,800	$2,400 – $3,000	13	100.0%
Jun 2025	24	$2,500	$2,388 – $2,613	15	100.0%
May 2025	29	$2,800	$2,500 – $3,000	18	100.0%
Apr 2025	24	$2,515	$2,300 – $2,900	26	100.0%
Mar 2025	28	$2,545	$2,338 – $2,813	28	100.0%
Feb 2025	16	$2,550	$2,500 – $3,100	15	100.0%
Jan 2025	23	$2,600	$2,388 – $2,988	30	100.0%
Dec 2024	17	$2,900	$2,570 – $3,100	22	100.0%
Nov 2024	17	$2,600	$2,500 – $2,900	11	100.0%
Oct 2024	17	$2,550	$2,480 – $2,650	11	100.0%
Sep 2024	27	$2,600	$2,475 – $2,950	12	100.0%
Aug 2024	45	$2,600	$2,450 – $3,000	24	100.0%
Jul 2024	31	$2,600	$2,425 – $2,825	26	100.0%
Jun 2024	16	$2,453	$2,400 – $2,600	41	100.0%
May 2024	20	$2,400	$2,344 – $2,485	32	100.0%
Apr 2024	19	$2,550	$2,375 – $3,040	22	100.0%
Mar 2024	13	$2,650	$2,500 – $2,950	39	100.0%
Feb 2024	6	$2,500	$2,425 – $2,500	31	100.0%
Jan 2024	6	$2,650	$2,613 – $3,288	36	100.0%
Dec 2023	11	$2,650	$2,500 – $3,200	22	100.0%
Nov 2023	13	$3,000	$2,550 – $3,200	12	100.0%
Oct 2023	12	$2,675	$2,495 – $3,113	9	100.0%

What people ask about Commerce Valley

How much does a condo cost in Commerce Valley?

Condos in Commerce Valley sold for a median of $566,594 over the 12 months to September 2026, across 106 closed sales — half sold for more and half for less. That is 12.3% lower than the 12 months before it.

How long does it take to sell a condo in Commerce Valley?

A condo in Commerce Valley took a median of 37 days on the market over the 12 months to September 2026. Condos there closed at 96.7% of the asking price on average, with 15.1% selling over asking.

How much is rent for a condo in Commerce Valley?

The median condo lease in Commerce Valley closed at $2,432 a month over the 12 months to September 2026, across 292 leases.

Is it cheaper to rent or buy a condo in Commerce Valley?

A condo in Commerce Valley costs about 19.4 years of the rent on one — the median price of $566,594 against a median rent of $2,432 a month, a gross yield of 5.15%. The shorter that number, the closer buying is to renting before financing costs.

Compiled by HOMEH from leases reported closed in Commerce Valley 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 condo. Not an appraisal or an opinion of value.