Markham, ON · Townhouse
Terrace Park Towns Phase 2
A closer look at Terrace Park Towns Phase 2.
- Home type
- Townhouse
- Price range
- From $908,990 to $1,269,990
- Bedrooms
- 3 – 4
- Interior size
- 1,990 – 2,945 ft²
- Estimated occupancy
- 2025
Terrace Park Towns Phase 2 is a pre-construction home community by Forest Hill Homes at Rustle Woods Avenue & Cornell Rouge Boulevard in the Cornell neighbourhood of Markham. The home collection includes townhomes. Ownership is listed as POTL.
Recorded home designs include three-storey layouts. Current inventory includes 6 available floor plans ranging from 1,990 to 2,945 sq. ft. Current prices range from $908,990 to $1,269,990. The location has a Walk Score of 22 and a Transit Score of 44.
Project information
Rustle Woods Avenue & Cornell Rouge BoulevardRegional Municipality of York
2025
By Forest Hill Homes
Pricing, deposit & incentives
Pricing and fees
- Available unit price
- From $908,990 to $1,269,990
- Average price / ft²
- $452
Deposit structure
| When | Amount |
|---|---|
| On Signing | $20,000 |
| In 30 days | $30,000 |
| In 90 days | $25,000 |
| In 120 days | $25,000 |
| In 180 days | $25,000 |
| In 365 days | $25,000 |
Historical pricing trajectory
Recorded $/sq ft history
Launch PSF
$646/ft²
Feb 10, 2024
Latest PSF
$452/ft²
As of Aug 11, 2026
Net change
$-194/ft²
-30% overall
| Recorded date | Avg. $/ft² | Change |
|---|---|---|
| Aug 11, 2026 | $452/ft² | $-54 (-10.7%) |
| Jun 15, 2026 | $506/ft² | $-140 (-21.7%) |
| Feb 10, 2024 | $646/ft² | — |
Recorded unit mix
Pricing & size by bedroom
| Suite type | Plans | Size (ft²) | Price range | Avg. $/ft² |
|---|---|---|---|---|
| 3 Bed(67%) | 4 | 1,990–2,145 | $909K–$1,025K | $461 |
| 4 Bed(33%) | 2 | 2,226–2,945 | $970K–$1,270K | $434 |
Location & neighbourhood
Explore the full location guide ↗Markham|Rustle Woods Avenue & Cornell Rouge Boulevard
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LOCAL MARKET INSIGHTS · SEP 2026
The market around Markham.
Understand the existing-home market alongside your new-home search. These completed-month observations cover the provider’s Markham geography across all property types. Builder prices and availability need a separate, current quote.
- Median sold price
- $1,059,000 -7.9% year over year
- Recorded sales
- 252 -4.2% year over year
- Active listings
- 1,160 746 new sale listings that month
- Listing days
- 34 days Provider’s listing-days measure
Compare the home and ownership type
Use the matching resale category as context for size, location and ownership costs. Townhome ownership is unconfirmed, so both resale categories are shown.
| Property type | Median sold | Annual change | Sales | Active listings | Monthly rent |
|---|---|---|---|---|---|
| Freehold townhomes | $912,495 | -16.3% | 32 | 145 | $3,30059 recorded rentals |
| Condo townhomes | $710,000 | -23.0% | 20 | 92 | $2,97523 recorded rentals |
What this means for your search. Compare a similar home type first, then account for floor area, age, parking, maintenance fees and the future closing date. Changes in a monthly median also reflect which homes sold; they do not measure same-home appreciation. Recorded rents are historical resale observations, not projected rent for this development.
Explore price and rental history, sales activity, property-type filters and community comparisons in the full market report.
HouseSigma supplied aggregate export, captured 2026-10-24. Latest completed month: Sep 2026. Sale medians and annual price comparisons require at least 5 sales in each relevant month; rents require 5 rentals. Missing observations stay unavailable. These are resale figures, not project sales, appraisals or forecasts. Sources & methodology
Brochures, price lists & files
Project documents & portals
Access recorded brochures, floor plan packages, price lists, site maps and historical releases for Terrace Park Towns Phase 2.
Bonus Package
PDFUpdated Aug 6, 2025
Brochure
PDFUpdated Aug 6, 2025
Features & Finishes
PDFUpdated Aug 6, 2025
Floor Plans
PDFUpdated Aug 6, 2025
Site Plan
PDFUpdated Aug 6, 2025
Floor Plans (Forest Collection)
PDFUpdated Jun 11, 2026
Floor Plans (Multi — Generational Suite)
PDFUpdated Aug 11, 2026
Price List — August 2026
PDFUpdated Aug 11, 2026
Historical documents & past releases (6)Show archive +
Project details
Building & property details
- Selling status
- Selling
- Construction status
- Preconstruction
- Storeys
- 3
Launch & timeline information
- Launch / sales date
- 2024-02-10
- Launch price range
- $1,024,990 - $1,448,880
- Launch PSF average
- $576/sq ft
- Avg. price / ft²
- $452/sq ft
- Estimated completion
- 2025
Additional information & categories
- Ownership types
- POTL
- Low rise types
- Townhouse
- Master-planned community
- Cornell
- Region / district
- Regional Municipality of York
- Mobility scores
- Walk Score 22 · Transit Score 44
- Google Maps
- View on Map ↗
Developed by
Forest Hill Homes
Based in Toronto, Ontario
Explore the developers behind Terrace Park Towns Phase 2. Team Arora provides independent guidance to help you compare home designs and confirm current pricing, availability and purchase details.
Request pricing & availability
Our team is here to help
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Personalized help
Dedicated pre-construction experts to guide you, answer questions and help you choose the right plan.
Pricing & incentives
Understand recorded pricing, deposit schedules and the incentives to confirm with the builder.
Floor plans & brochures
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