Real Estate 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 Through September 2026 Deep sales history

What homes in Commerce Valley actually rent for

348 homes were leased in Commerce Valley over the 12 months to September 2026. Half leased above $2,458 and half below, 7.8% lower than the 12 months before. A typical home found its tenant in 21 days — 2 days slower than a year ago.

Median rent: $2,458; -7.8% year over year
Days to lease: 21; 2 days slower
Leases closed: 348; last 12 months
Rent per square foot: $3.40/mo; from 341 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.

$3,604$3,101$2,599$2,096

Oct ’23Oct ’24Sep ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$3,000/mo

on a $3,000 asking rent — right at the asking rent

−10%Asking rent+10%

Of the asking rent: 100.0%
Leased over asking: 4.9%

From 348 leases that closed here in the last 12 months.

Rent or buy in Commerce Valley

21 years

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

Median sold price

$618,697

142 sales

Median rent

$2,458/mo

348 leases

Gross rental yield

4.77%

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.

What actually rents in Commerce Valley

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

348leases

Condo apartment$2,43283.9%
Other kinds, too few of each —16.1%

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	27	$2,600	$2,350 – $3,400	15	100.0%
Aug 2026	35	$2,400	$2,250 – $2,650	16	100.0%
Jul 2026	35	$2,400	$2,200 – $2,950	16	100.0%
Jun 2026	30	$2,475	$2,213 – $2,950	18	100.0%
May 2026	30	$2,400	$2,213 – $2,875	19	100.0%
Apr 2026	29	$2,450	$2,300 – $3,000	21	100.0%
Mar 2026	33	$2,500	$2,300 – $2,950	26	100.0%
Feb 2026	23	$2,450	$2,350 – $3,075	21	100.0%
Jan 2026	27	$2,500	$2,300 – $3,000	25	100.0%
Dec 2025	19	$2,450	$2,275 – $2,600	31	100.0%
Nov 2025	31	$2,500	$2,450 – $3,025	27	100.0%
Oct 2025	29	$2,400	$2,350 – $2,900	19	100.0%
Sep 2025	25	$2,500	$2,500 – $2,850	20	100.0%
Aug 2025	45	$2,500	$2,300 – $3,000	14	100.0%
Jul 2025	46	$2,950	$2,500 – $3,138	13	100.0%
Jun 2025	26	$2,500	$2,400 – $2,800	17	100.0%
May 2025	33	$2,950	$2,500 – $3,200	18	100.0%
Apr 2025	28	$2,540	$2,300 – $2,925	23	100.0%
Mar 2025	30	$2,545	$2,313 – $2,838	27	100.0%
Feb 2025	18	$2,575	$2,500 – $3,145	17	100.0%
Jan 2025	27	$2,650	$2,388 – $3,000	35	100.0%
Dec 2024	18	$2,900	$2,571 – $3,100	22	100.0%
Nov 2024	21	$2,600	$2,550 – $3,000	11	100.0%
Oct 2024	20	$2,650	$2,495 – $3,088	15	100.0%
Sep 2024	30	$2,625	$2,500 – $3,058	14	100.0%
Aug 2024	53	$2,800	$2,450 – $3,120	23	100.0%
Jul 2024	37	$2,650	$2,490 – $3,200	28	100.0%
Jun 2024	19	$2,500	$2,400 – $2,625	40	100.0%
May 2024	24	$2,400	$2,350 – $2,625	30	100.0%
Apr 2024	24	$2,875	$2,438 – $3,320	27	100.0%
Mar 2024	20	$2,800	$2,500 – $3,169	39	100.0%
Feb 2024	13	$2,525	$2,500 – $2,700	31	100.0%
Jan 2024	17	$2,650	$2,500 – $3,500	39	100.0%
Dec 2023	24	$2,890	$2,550 – $3,300	18	100.0%
Nov 2023	28	$2,950	$2,600 – $3,200	14	100.0%
Oct 2023	20	$2,525	$2,495 – $3,025	7	100.0%

What people ask about Commerce Valley

How much does a home cost in Commerce Valley?

Homes in Commerce Valley sold for a median of $618,697 over the 12 months to September 2026, across 142 closed sales — half sold for more and half for less. That is 7.6% lower than the 12 months before it.

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

A home in Commerce Valley took a median of 33 days on the market over the 12 months to September 2026. Homes there closed at 96.9% of the asking price on average, with 16.2% selling over asking.

How much is rent in Commerce Valley?

The median lease in Commerce Valley closed at $2,458 a month over the 12 months to September 2026, across 348 leases.

Is it cheaper to rent or buy in Commerce Valley?

A home in Commerce Valley costs about 21.0 years of the rent on one — the median price of $618,697 against a median rent of $2,458 a month, a gross yield of 4.77%. The shorter that number, the closer buying is to renting before financing costs.

What kind of homes sell in Commerce Valley?

Over the 12 months to September 2026 the mix in Commerce Valley was condo apartment (74.6% of sales, median $566,594) and condo town (7.0% of sales, median $866,000).

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 home. Not an appraisal or an opinion of value.

Condos in Commerce Valley

A condo here is its own market

Half the condo apartments that changed hands in Commerce Valley over the 12 months to September 2026 sold above $566,594. Condos were 75% of everything that closed here, so there is no freehold market in Commerce Valley to read that number against.

Median condo sold price: $567K; 106 closed sales
Median condo rent: $2,432/mo; 292 leases
Days to sell: 37; median, condo apartments
Share of all sales: 75%; of everything that closed here

Condo townhouses are a separate market again: 10 closed here at a median of $866,000.

43condo apartments for sale 20condo apartments for rent