Real Estate for Rent in Thornhill, Markham, ON

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

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Neighbourhood in Markham

Thornhill

family-friendly diverse suburban

Thornhill is a peaceful neighbourhood in Markham, Ontario. It offers a mix of residential homes and condos, making it suitable for many types of families and individuals.

Strong school ratings Diverse community with many immigrants Multiple parks and playgrounds Close to restaurants and cafes Good access to public transit

Day to dayLivability

7.6

Schools near listings

out of 10 · averaged over 898 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

$999,000

8% below Markham 40% above Ontario

In Thornhill

$999,000

In Markham

$1,088,000

In Ontario

$715,000

Median monthly rent

$2,325/mo

7% below Markham 7% below Ontario

In Thornhill

$2,325

In Markham

$2,490

In Ontario

$2,500

≈ 35.8 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

Median $999,000

Condos 18 · Houses 16

For rent

Median $2,325

Houses 17 · Condos 5

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

High average income levels
Family-friendly environment
Good educational resources
Variety of housing options

Keep in mind

Home prices are above the city median
Renter strain is relatively high

The feel of the placeLifestyle

Daily life in Thornhill is relaxed, with access to parks and local dining. The community is diverse and welcoming, making it a great place for families.

Great for families first-time buyers working professionals

Within the boundaryWhat's nearby

The boundary

2.1 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

Gyms

Libraries

Counted across all 2.1 km² of Thornhill. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

8.1/10

Average rating of the 2 rated schools in this area

Elementary

Secondary

Thornhill Secondary School
Public · Grades 9–12 · York Region DSB
8.2/107.8 over 5 yrs
65th of 742 Ontario secondary schools
940 students · EQAO 2024-2025
E J Sand Public School
Public · Grades JK–8 · York Region DSB
8.0/106.6 over 5 yrs
337th of 3,045 Ontario elementary schools
415 students · EQAO 2024-2025
I Am Smart S-Cool
Independent
Not rated
International Languages - Bayview Night School
Public · Grades 9–12 · York Region DSB
Not rated
Inventiveminds Child Youth and Family Su
Independent
Not rated
Peace School
Independent
Not rated

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

6,167

Population (2021)

2.0 km²

Area

3,119

People per km²

47.2

Median age

$91,924

Median income

58%

Own their home

2.6

People per household

2,500

Households

Every age

Children (under 15)12.5%
Working age (15–64)66.3%
Seniors (65+)21.2%

What is built here

Detached houses32.5%
Semi-detached3.3%
Townhouses7.6%
Duplexes2.9%
Low-rise apartments2.2%
High-rise apartments50.1%

Own or rent

58%Owners

41%Renters

Across 2,500 households

When it was built

Mostly 1961–1980

1960 or earlier13%
1961–198056%
1981–199016%
1991–20007%
2001–20050%
2006–20101%
2011–20152%
2016–20212%

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.

56.8%
Born outside Canada: 41.1%
Hold a degree or higher: 49.4%
Employment rate: 18.7%
Commute by transit: 75.1%
Commute by car: 1.6
Children per family: $80,250
Median income after tax: $137,644
Average household income: 13.9%
Living on a low income: $1,640/mo
Renters pay, per month: $1,804/mo
Owners pay, per month: $1,007,933
Median home value at census: 34.6%
Renters spending 30%+ of income on housing: 29.5%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 9 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

HOMEH Market Pulse Through September 2026 Deep sales history

What homes in Thornhill actually rent for

124 homes were leased in Thornhill over the 12 months to September 2026. Half leased above $2,529 and half below, 5.9% lower than the 12 months before. A typical home found its tenant in 26 days — 2 days quicker than a year ago.

Median rent: $2,529; -5.9% year over year
Days to lease: 26; 2 days quicker
Leases closed: 124; last 12 months
Rent per square foot: $3.07/mo; from 121 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.

$4,056$3,302$2,548$1,794

Oct ’23Oct ’24Sep ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$2,985/mo

on a $3,000 asking rent — under ask by $15

−10%Asking rent+10%

Of the asking rent: 99.5%
Leased over asking: 3.2%

From 124 leases that closed here in the last 12 months.

Rent or buy in Thornhill

29.7 years

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

Median sold price

$901,712

66 sales

Median rent

$2,529/mo

124 leases

Gross rental yield

3.37%

before costs

Both figures come from deals that actually closed in Thornhill 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 Thornhill

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

124leases

Condo apartment$2,42558.9%
Detached$2,4256.5%
Other kinds, too few of each —34.6%

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 — Thornhill, rentals

Monthly closed leases in Thornhill
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	6	$2,575	$2,300 – $2,963	32	99.2%
Aug 2026	16	$2,450	$2,250 – $2,863	23	100.0%
Jul 2026	15	$2,350	$2,200 – $2,850	17	100.0%
Jun 2026	11	$3,000	$2,525 – $3,300	22	100.0%
May 2026	13	$2,350	$2,200 – $2,800	46	100.0%
Apr 2026	3	Not enough leases this month to report a median
Mar 2026	12	$2,325	$2,288 – $3,063	22	97.9%
Feb 2026	6	$2,525	$2,325 – $2,838	24	98.1%
Jan 2026	9	$2,700	$2,550 – $3,075	41	98.6%
Dec 2025	9	$2,500	$2,200 – $3,000	35	100.0%
Nov 2025	5	$2,800	$2,600 – $3,050	13	100.0%
Oct 2025	19	$2,350	$2,100 – $3,025	21	100.0%
Sep 2025	21	$2,850	$2,300 – $3,800	27	100.0%
Aug 2025	23	$2,800	$2,300 – $2,935	37	100.0%
Jul 2025	20	$2,400	$2,300 – $2,588	26	98.6%
Jun 2025	14	$2,500	$2,413 – $2,975	26	99.0%
May 2025	9	$2,700	$2,400 – $2,900	14	98.3%
Apr 2025	17	$2,750	$2,500 – $3,300	35	100.0%
Mar 2025	14	$2,700	$2,323 – $3,325	25	99.0%
Feb 2025	7	$2,900	$2,400 – $3,100	25	98.6%
Jan 2025	12	$2,725	$2,388 – $3,125	32	100.0%
Dec 2024	11	$2,850	$2,400 – $3,150	30	100.0%
Nov 2024	9	$2,500	$2,350 – $2,950	21	100.0%
Oct 2024	11	$2,600	$2,565 – $2,990	27	100.0%
Sep 2024	17	$2,825	$2,500 – $3,300	25	100.0%
Aug 2024	17	$3,100	$3,050 – $3,500	41	100.0%
Jul 2024	17	$2,680	$2,450 – $3,900	26	100.0%
Jun 2024	11	$2,600	$2,445 – $3,150	24	100.0%
May 2024	16	$2,648	$2,500 – $3,175	30	100.0%
Apr 2024	13	$2,600	$2,500 – $3,100	30	100.0%
Mar 2024	9	$2,600	$2,450 – $2,750	28	100.0%
Feb 2024	7	$2,430	$1,950 – $3,050	20	100.0%
Jan 2024	6	$3,050	$2,850 – $3,175	24	100.0%
Dec 2023	11	$3,450	$3,075 – $3,750	10	100.0%
Nov 2023	7	$2,680	$2,538 – $3,375	13	100.0%
Oct 2023	7	$2,700	$2,550 – $2,850	18	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 Thornhill

How much does a home cost in Thornhill?

Homes in Thornhill sold for a median of $901,712 over the 12 months to September 2026, across 66 closed sales — half sold for more and half for less. That is 29.1% higher than the 12 months before it.

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

A home in Thornhill took a median of 45 days on the market over the 12 months to September 2026. Homes there closed at 96.3% of the asking price on average, with 18.2% selling over asking.

How much is rent in Thornhill?

The median lease in Thornhill closed at $2,529 a month over the 12 months to September 2026, across 124 leases.

Is it cheaper to rent or buy in Thornhill?

A home in Thornhill costs about 29.7 years of the rent on one — the median price of $901,712 against a median rent of $2,529 a month, a gross yield of 3.37%. The shorter that number, the closer buying is to renting before financing costs.

Compiled by HOMEH from leases reported closed in Thornhill 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 Thornhill

A condo here is its own market

Half the condo apartments that changed hands in Thornhill over the 12 months to September 2026 sold above $550,000. Condos were 11% of everything that closed here, so there is no freehold market in Thornhill to read that number against.

Median condo sold price: $550K; 7 closed sales
Median condo rent: $2,425/mo; 73 leases
Days to sell: 55; median, condo apartments
Share of all sales: 11%; of everything that closed here