York Region’s real estate market in October 2025 is undergoing one of the most meaningful transitions in the GTA. Long known for its top schools, newer housing stock, family-oriented neighborhoods, and strong immigration-driven demand, the region is now operating in a buyer-leaning balanced market. The shift is not dramatic or chaotic, but measured, steady, and shaped by more rational buyer behavior against a backdrop of higher inventory and longer days on market.
Across the GTA, TRREB reported 6,138 home sales in October, down 9.5% year-over-year, with 16,069 new listings entering the market, a 2.7% increase. The average GTA selling price dropped to $1,054,372, roughly 7% lower than last year. Buyers have more choice, more time, and more negotiation leverage than at any point since before the pandemic surge. York Region mirrors these trends, but the impact is amplified due to its higher price points and heavy concentration of freehold homes.
More importantly, York Region–specific data confirms the shift. According to market summaries released in November:
• 3,027 new listings entered the York Region market in October
• Active listings reached 5,486 homes
• Months of Inventory (MOI) climbed to 5.1 months, up from 4.9 the month before
• Sales slowed more noticeably in luxury-oriented neighborhoods
• DOM stretched across all home types, especially detached
These numbers paint a clear picture: York Region is now firmly in balanced-to-slow market territory, and for the first time in years, buyers have structural bargaining power.
The Bank of Canada’s October 29, 2025 rate cut, lowering the overnight rate to 2.25%, has improved affordability on paper, but sentiment remains cautious. Buyers are not rushing; they’re evaluating, comparing, negotiating, and waiting for value. Inflation remains around 2.4%, economic growth is soft, and employment stability varies across sectors. All of this affects higher-priced regions more intensely, and York Region sits at the top end of GTA prices.
York Region Market Snapshot With Stats
York Region’s market dynamics speak clearly through numbers. Inventory is elevated, sales are slower, and buyers have regained time and choice.
• New listings: 3,027
• Active listings: 5,486
• Months of Inventory: 5.1 (approaching a mild buyer’s market)
• Typical Days on Market:
• Detached: 45–80+ days
• Semi-detached: 20–40 days
• Townhomes: 25–50 days
• Condos: 30–55 days
These numbers make York Region one of the slowest-moving large regions in the GTA right now. Higher carrying costs and larger home sizes translate into more cautious buyer behavior.
While the region is not experiencing steep price collapses, the momentum of the market has clearly cooled. The urgency, bidding wars, and unconditional offers of 2020–2022 are gone. Sellers must be competitive, flexible, and data-driven.
Detached Homes in York Region (With Stats)
Detached homes dominate York Region’s housing supply and also show the deepest cooling. Detached homes face the highest mortgage payments, making them the most sensitive to rate changes.
Typical detached performance:
• DOM: 45–80 days
• Price adjustments: generally aligned with GTA’s –5% to –7% YoY range
• Luxury homes over $2.5M: extended DOM often 90+ days
• Listings in Markham, Richmond Hill, Vaughan, and King: significantly higher than last year
Richmond Hill alone recorded 175 detached and low-rise sales in October, representing $233.4 million in transaction value, with average prices hovering near $1.33M. Even at this price level, buyers are negotiating more aggressively, especially for homes requiring upgrades or energy-efficiency improvements.
Markham’s detached segment continues to attract steady interest due to schools and transit, but even here, DOM is materially longer. Vaughan detached properties, particularly in Vellore Village, Maple, and Patterson, remain popular but slower to absorb. Aurora and Newmarket are somewhat more balanced due to mid-range pricing, though detached homes still sit longer than they did in 2021–2022.
Renovated detached homes outperform the market significantly. Homes with modern kitchens, updated roofs, energy-efficient systems, and finished basements sell faster and closer to asking price.
Semi-Detached Homes in York Region (With Stats)
Semi-detached homes remain one of the strongest-performing freehold segments. They offer space, affordability relative to detached homes, and strong appeal for families wanting to stay within York Region’s school districts.
Typical semi-detached stats:
• DOM: 20–40 days
• YoY pricing: relatively stable compared to detached
• Best-performing areas: Markham (Cornell, Box Grove, Greensborough), Vaughan (Sonoma Heights, Maple), Richmond Hill (Jefferson, Bayview Hill)
Semis with finished basements and income potential continue to outperform the segment average. Multi-generational families remain key drivers of demand in Markham and Richmond Hill, stabilizing this segment even during slower market cycles.
Townhomes in York Region (With Stats)
Townhomes offer a key balance between affordability and square footage. They remain one of the most resilient market segments in York Region.
Townhome performance:
• DOM: 25–50 days
• YoY pricing: aligns with GTA’s mild adjustments
• Higher competition in newer complexes (post-2010 builds)
• Family-focused demand strongest in Markham, Vaughan, Richmond Hill, and Stouffville
Townhomes near GO stations, Highway 404/407 access points, and strong school zones continue to hold value. Townhomes in Cornell and Wismer (Markham), Patterson and Thornhill Woods (Vaughan), and Stonehaven (Newmarket) attract consistent buyer interest even in slower months.
York Region Condo Market (With Stats)
Although condos represent a smaller share of York Region inventory, their role is expanding. Condos serve first-time buyers, downsizers, and investors seeking long-term stability.
Typical condo stats:
• DOM: 30–55 days
• YoY condo price movement: –4% to –6%, aligned with regional patterns
• Inventory increased in high-density areas: VMC, Markham City Centre, Richmond Hill Yonge Corridor
• Rental demand remains strong, supporting investor interest
The Vaughan Metropolitan Centre (VMC) remains one of the most active condo hubs despite slower absorption. Its appeal lies in subway access (TTC Line 1 extension), GO station proximity, major highways, and commercial growth. Investor-heavy buildings built from 2018–2023 are experiencing slower resale activity and increased negotiation margins.
Markham’s condo market, particularly around Warden & Highway 7, remains steady due to local tech and biomedical employment centers. Richmond Hill’s Yonge corridor shows slower but stable absorption, especially for two-bedroom units.
City-by-City Breakdown With Local Stats
Markham
Markham remains one of the GTA’s most desirable suburban cities. Detached DOM ranges from 40–70 days, semis from 20–35 days, and townhomes from 25–45 days. The condo market near Downtown Markham and Unionville remains competitive with DOM around 30–55 days. Strong school zones and tech-sector employment continue to support demand.
Richmond Hill
Richmond Hill shows one of York Region’s slowest detached absorptions. Luxury homes often sit 60–90+ days. Townhomes and semis remain stable in areas like Jefferson and Bayview/Elgin Mills. Condos along the Yonge corridor show moderate activity.
Vaughan
Vaughan demonstrates wide variability. Detached homes in Vellore Village and Maple may sit 50–75 days, while townhomes in Thornhill Woods or Patterson perform steadily. Condos in VMC show longer DOM due to increased inventory and investor concentration.
Newmarket
Newmarket benefits from relative affordability. Detached DOM sits around 35–60 days, with townhomes moving faster. Condos near Davis Drive and Yonge Street show balanced trends and attract first-time buyers.
Aurora
Aurora remains balanced. Detached DOM hovers around 40–65 days. Townhomes continue to attract families due to strong schools, newer builds, and proximity to transit.
King
King remains luxury-dominated with extended DOM for estate properties often exceeding 90 days. Homes require highly competitive pricing and targeted marketing to attract qualified buyers.
East Gwillimbury
East Gwillimbury sees steady demand from families seeking value. Detached DOM ranges between 40–65 days, and newer subdivisions perform better than older ones.
Georgina
Georgina remains one of the most affordable pockets of York Region. Price adjustments are milder, and buyers focused on price-per-square-foot continue to target Keswick and Sutton for value.
Whitchurch–Stouffville
Townhomes and semis remain strong performers. Detached homes show longer DOM, particularly in older subdivisions. Newer developments near Highway 48 and Tenth Line continue to attract families.
Investor Trends in York Region
Investors now focus on:
• Townhomes near transit hubs
• Semis with income potential
• Condos with low fees in VMC, Markham, and Richmond Hill
• Freeholds in high-immigrant-demand neighborhoods
• Two-bedroom condos for rental stability
Assignments exist but move selectively in VMC, Markham City Centre, and Stouffville.
Buyer Strategies (2025–2026)
Buyers now enjoy leverage unseen since 2018. Strategies include:
• Negotiating price reductions
• Using inspection and financing conditions
• Requesting repairs or closing credits
• Comparing multiple homes across multiple cities
• Targeting stale listings (45–90+ days) for best deals
Seller Strategies (2025–2026)
Sellers must embrace the new reality:
• Price homes according to 2025 conditions
• Use professional staging, photography, and video
• Review competing listings weekly
• Offer flexible closing dates
• Complete cosmetic upgrades for stronger showing
Underpricing strategically may be advantageous in slower markets.
York Region Outlook for 2026
York Region is projected to stabilize through 2026 as rate cuts gradually revive demand. Detached homes may recover more slowly, while semis, townhomes, and transit-oriented condos will likely experience stronger early momentum. Long-term fundamentals remain exceptionally strong due to employment centers, transit expansions, top schools, and rapid immigration.
References
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