Real Estate for Rent in Cornell, Markham, ON

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

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Neighbourhood in Markham

Cornell

family-friendly community-oriented suburban

Cornell is a family-friendly neighbourhood in Markham, Ontario. It offers a mix of residential options and good schools, making it suitable for families.

High school rating average of 7.6 Median sale price is $947,900 Population of about 24,203 53% of residents are immigrants 42% have a bachelor's degree or higher

Cornell, Markham — HOMEH neighbourhood guide

Markham, Ontario

Day to dayLivability

7.6

Schools near listings

out of 10 · averaged over 2,027 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

$947,900

13% below Markham 32% above Ontario

In Cornell

$947,900

In Markham

$1,088,000

In Ontario

$717,000

Median monthly rent

$2,625/mo

6% above Markham 5% above Ontario

In Cornell

$2,625

In Markham

$2,485

In Ontario

$2,500

≈ 30.1 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

Median $947,900

Houses 66 · Condos 23

For rent

Median $2,625

Houses 41 · Condos 10

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 for children
Family-oriented community
High home ownership rate at 81.5%
Diverse population

Keep in mind

Prices are above the city median
Limited restaurants and cafes

The feel of the placeLifestyle

Daily life in Cornell is calm and community-focused, with parks and schools nearby. Residents enjoy a suburban feel with easy access to amenities.

Great for families first-time buyers immigrants

Within the boundaryWhat's nearby

The boundary

6.9 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

Cafés

Libraries

Counted across all 6.9 km² of Cornell. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

7.5/10

Average rating of the 5 rated schools in this area

Elementary

Secondary

Bill Hogarth Secondary School
Public · Grades 9–12 · York Region DSB
8.3/108.4 over 5 yrs
52nd of 742 Ontario secondary schools
2,055 students · EQAO 2024-2025
Rouge Park Public School
Public · Grades JK–8 · York Region DSB
8.2/10
262nd of 3,045 Ontario elementary schools
685 students · EQAO 2024-2025
Black Walnut Public School
Public · Grades JK–8 · York Region DSB
8.1/108.1 over 5 yrs
299th of 3,045 Ontario elementary schools
745 students · EQAO 2024-2025
Little Rouge Public School
Public · Grades JK–8 · York Region DSB
6.8/107.1 over 5 yrs
1,026th of 3,045 Ontario elementary schools
595 students · EQAO 2024-2025
Cornell Village Public School
Public · Grades JK–8 · York Region DSB
6.3/107.2 over 5 yrs
1,366th of 3,045 Ontario elementary schools
520 students · EQAO 2024-2025
St Joseph Catholic Elementary School
Catholic · York CDSB
Not rated

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Cornell, 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

24,203

Population (2021)

18.4 km²

Area

1,316

People per km²

Median age

$116,937

Median income

82%

Own their home

3.2

People per household

7,425

Households

Every age

Children (under 15)22.4%
Working age (15–64)66.8%
Seniors (65+)10.8%

What is built here

Detached houses42.5%
Semi-detached15.6%
Townhouses30.2%
Duplexes6.9%
Low-rise apartments3.5%
High-rise apartments1.5%

Own or rent

82%Owners

19%Renters

Across 7,425 households

When it was built

Mostly 2006–2010

1960 or earlier1%
1961–19800%
1981–19901%
1991–200011%
2001–200516%
2006–201027%
2011–201522%
2016–202122%

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.

53%
Born outside Canada: 42%
Hold a degree or higher: 61.3%
Employment rate: 6.9%
Commute by transit: 87.6%
Commute by car: 1.8
Children per family: $101,078
Median income after tax: $131,462
Average household income: 7.8%
Living on a low income: $2,345/mo
Renters pay, per month: $2,333/mo
Owners pay, per month: $977,573
Median home value at census: 49.2%
Renters spending 30%+ of income on housing: 28.4%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 5 census areas 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, Photo: © Wikimedia Commons contributors (CC BY-SA)

HOMEH Market Pulse Through September 2026 Deep sales history

What homes in Cornell actually rent for

313 homes were leased in Cornell over the 12 months to September 2026. Half leased above $2,762 and half below, 5.5% lower than the 12 months before. A typical home found its tenant in 24 days — 2 days quicker than a year ago.

Median rent: $2,762; -5.5% year over year
Days to lease: 24; 2 days quicker
Leases closed: 313; last 12 months
Rent per square foot: $1.91/mo; from 267 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.

$3,800$3,077$2,354$1,632

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: 8.9%

From 313 leases that closed here in the last 12 months.

Rent or buy in Cornell

29.1 years

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

Median sold price

$964,120

228 sales

Median rent

$2,762/mo

313 leases

Gross rental yield

3.44%

before costs

Both figures come from deals that actually closed in Cornell 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 Cornell

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

313leases

Freehold town$3,05532.6%
Detached$2,21224.3%
Condo town$2,53413.7%
Other kinds, too few of each —29.4%

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 — Cornell, rentals

Monthly closed leases in Cornell
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	34	$2,625	$2,163 – $2,938	20	100.0%
Aug 2026	28	$3,200	$2,788 – $3,325	25	100.0%
Jul 2026	36	$2,945	$2,184 – $3,200	18	100.0%
Jun 2026	31	$2,700	$2,275 – $3,075	18	100.0%
May 2026	34	$2,550	$1,781 – $3,138	17	100.0%
Apr 2026	29	$2,700	$2,300 – $3,250	31	100.0%
Mar 2026	22	$2,500	$2,063 – $3,150	22	99.2%
Feb 2026	18	$2,675	$2,288 – $3,050	41	100.0%
Jan 2026	19	$2,800	$2,140 – $3,000	31	100.0%
Dec 2025	18	$2,675	$2,238 – $2,975	42	99.1%
Nov 2025	28	$2,875	$2,263 – $3,163	23	100.0%
Oct 2025	16	$2,865	$2,225 – $3,188	22	100.0%
Sep 2025	23	$3,000	$2,415 – $3,300	27	100.0%
Aug 2025	27	$2,700	$2,075 – $3,350	19	100.0%
Jul 2025	27	$3,050	$2,575 – $3,325	23	100.0%
Jun 2025	37	$2,700	$2,625 – $3,280	31	100.0%
May 2025	30	$3,000	$2,673 – $3,338	20	100.0%
Apr 2025	27	$3,000	$2,550 – $3,425	31	100.0%
Mar 2025	15	$2,700	$2,150 – $3,450	26	100.0%
Feb 2025	21	$3,000	$2,500 – $3,400	24	100.0%
Jan 2025	21	$3,100	$2,000 – $3,600	39	100.0%
Dec 2024	20	$2,850	$2,075 – $3,163	21	100.0%
Nov 2024	20	$2,850	$2,560 – $3,188	21	100.0%
Oct 2024	26	$3,125	$2,660 – $3,563	29	100.0%
Sep 2024	21	$3,300	$2,650 – $3,600	24	100.0%
Aug 2024	37	$3,000	$2,500 – $3,400	25	100.0%
Jul 2024	33	$3,400	$2,950 – $3,500	27	100.0%
Jun 2024	31	$3,252	$2,350 – $3,650	39	100.0%
May 2024	27	$3,050	$2,600 – $3,225	35	100.0%
Apr 2024	25	$2,700	$2,500 – $3,350	28	100.0%
Mar 2024	15	$3,100	$2,400 – $3,400	26	100.0%
Feb 2024	19	$2,800	$2,515 – $3,125	31	100.0%
Jan 2024	21	$3,200	$2,100 – $3,450	35	100.0%
Dec 2023	16	$2,875	$2,600 – $3,175	12	100.0%
Nov 2023	10	$2,950	$2,813 – $3,500	20	100.0%
Oct 2023	29	$3,200	$2,800 – $3,500	13	100.0%

What people ask about Cornell

How much does a home cost in Cornell?

Homes in Cornell sold for a median of $964,120 over the 12 months to September 2026, across 228 closed sales — half sold for more and half for less. That is 13.8% lower than the 12 months before it.

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

A home in Cornell took a median of 27 days on the market over the 12 months to September 2026. Homes there closed at 97.4% of the asking price on average, with 25.0% selling over asking.

How much is rent in Cornell?

The median lease in Cornell closed at $2,762 a month over the 12 months to September 2026, across 313 leases.

Is it cheaper to rent or buy in Cornell?

A home in Cornell costs about 29.1 years of the rent on one — the median price of $964,120 against a median rent of $2,762 a month, a gross yield of 3.44%. The shorter that number, the closer buying is to renting before financing costs.

What kind of homes sell in Cornell?

Over the 12 months to September 2026 the mix in Cornell was freehold town (25.9% of sales, median $930,854), detached (22.8% of sales, median $1,248,023) and semi-detached (9.2% of sales, median $983,543).

Compiled by HOMEH from leases reported closed in Cornell 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 Cornell

A condo here is its own market

10 condo apartments and 23 condo townhouses are on the market in Cornell right now. Too few have closed here in the last year for us to publish a median we would stand behind.

Condo townhouses are a separate market again: 17 closed here at a median of $608,088.

6condo apartments for sale 4condo apartments for rent