2024 has been a rather slow year for Real Estate in the GTA, somewhat comparable to 2023. But with the Bank of Canada dropping the interest rates 5 times since June, the market has started to pick up and the outlook for 2025 is much brighter. A total of 67,610 Homes have sold on the Toronto Real Estate Board, which is slightly higher than in 2023 (+2.6%). The average price of $1,117,600 basically remained the same (-0.8%). York Region:More Listings The average Sale price in York... [read more]

Home Sales in November in the GTA have strongly increased on a year-over-year basis. While last year a total of 4194 homes sold, there have now been 5875 transactions reported on the MLS System (+40%). Sales in York Region also went up by 37% while the average price improved by 1.6% from $1,286,617 to $1,307,833. (Data Source: TRREB Market Watch) Aurora on the rise The average home price in Aurora in November was $1,474,672 – this reflects an increase of 4.9% on a... [read more]

The lowering of interest rates had a positive effect on Buyer activity in October. Sales in the GTA were up by 44% compared to last year - 6658 transactions have been reported through the MLS system (vs. 4611 in October 2023). The average price of $1,135,215 for all type of homes combined remained pretty much unchanged (+1%). York Region prices (avg. $1,310,681) saw a bit of an uptick compared to September (+3.7%) and increased by 1.4% compared to last year. More Sales in Aurora and... [read more]

The traditionally slower summer market has produced some declining prices in certain areas of the GTA. But overall on a year-over-year basis, prices have remained stable. The average price for a home in the GTA was $1,074,425 – 0.87% less than last year ($1,082,881). The total amount of Sales (4975) was down 5.3% compared to August 2023 (5251). More days on the Market The biggest difference noted is the amount of time it took for homes to sell, which went from 28 days to now 44... [read more]

Home Sales in Toronto and the GTA have slightly increased this July compared to last year. Realtors on the Toronto Regional Real Estate Board (TRREB) have reported a total of 5391 Sales, an increase of 3.3% on a year-over-basis. “It was encouraging to see an uptick in July sales relative to last year”, said TRREB President Jennifer Pearce. “We may be starting to see a positive impact from the two Bank of Canada rate cuts announced in June and July.” York Region... [read more]

The Bank of Canada has lowered the interest rates and reduced the Overnight Lending Rate by 25 basis points to 4.75%. This is the first rate drop since March 2020 and comes highly anticipated after a total of 10 rate hikes in the past couple of years (from 0.25% to 5.00%). Many Buyers have been on the sidelines since and been waiting for a positive signal from the Bank of Canada. Today's announcement could fuel our Real Estate Market that has been rather slow since those rate... [read more]

April 2024 home sales in the GTA were down in comparison to April 2023, when there was a temporary resurgence in market activity. While last April a total of 7487 Sales were reported on the Toronto Real Estate Board's MLS System, there were 7114 this year (-5%). The average price for all type of homes combined ($1,156,167) remained unchanged on a year-over-year basis. The average price in Aurora in April was $1,331,773. That's 2.9% lower than last year. Newmarket's Prices on the... [read more]

After increasing significantly in February, Real Estate prices have remained at a high level in March. The average price in Aurora was $1,447,477, which is slightly higher than in February (+0.2%) and 0.5% lower on a year-over-year basis. The number of homes sold (85) was up 20% compared to February (71). In Newmarket the average price in March ($1,168,851) was down 2.4% compared to February ($1,235,545), but Sales were up by 31% (March: 113 / February: 86). The average price in East... [read more]

Prices and Sales in the GTA were up in February. The average price in York Region was $1,324,423. This is the highest since September and 9.4% up compared to January. The number of Sales was also up from 775 in January to 1043 in February (+34.5%). (Data Source: TRREB Market Watch) Big jump in Aurora The average home price in Aurora was $1,444,818 (highest since August 2023). That's an increase of 18% on a year-over-year basis and 20.6% higher than in the previous month (Jan... [read more]

The news came out yesterday: Sales on the Toronto Real Estate Board in January were up 37% compared to the previous year. And while this is a significant jump on a year-over-year basis and a strong indicator that Buyers are finally back, a closer look shows that the market is not red hot - yet. The average price in York Region in January was $1,210,705. That's 5.8% lower than 12 months ago and also lower than in December ($1,281,692). It's at the lowest since February of... [read more]

Vincent and spouseFirst We hope you've enjoyed a wonderful Holiday Season with a great start into the new year. As 2023 came to an end, it's time to look back to a quite unusual year for Real Estate. With interest rates at the highest level since 2001, many Buyers put their home purchasing plans on hold. Throughout Toronto and the GTA a total of 65,982 Sales have been reported on the Toronto Real Estate Board - the lowest in 23 years and 12% less than in 2022 and almost only half... [read more]

Although prices in York Region are still slightly trending downward, November has been a strong month in Aurora. The average price of $1,407,312 is the second highest in all of York Region (after King City) and 10.7% higher than last year. Compared to October, prices were up 2.6% and while in October only 43 homes have sold in Aurora, there were 66 sales in November. Newmarket and East Gwillimbury down The average price in Newmarket in November ($1,064,626) was down 2.4% compared to... [read more]

Sales have dropped to a 28-year low for the month of October. Throughout Toronto and the GTA, Realtors have reported a total of 4646 transactions through the MLS System of the Toronto Regional Real Estate Board. That's the lowest amount of transactions in October since 1995. In Aurora and Newmarket a combined 100 homes have sold. Last time less than 100 sales in those two Towns were reported was also in 1995. (Data Source: MLS TRREB) It appears that the Bank of Canada holding the... [read more]

A total of 4642 Sales have been reported through the MLS System of the Toronto Regional Real Estate Board in September. This is the lowest for the month of September since 1999, when the population in the GTA was 4.521 million (now 6.372 million). It indicates that Buyers are still on the fence, waiting for interest rates to potentially go down. GTA: Prices 3% up Interestingly, prices remain quite stable. Throughout Toronto and the GTA, the average price for all home styles combined was... [read more]

I hope your summer is going great. Real Estate prices in August remained at a high level. The average price in York Region was $1,339,742 which is 5.85% higher on a year-over-year basis and only slightly lower compared to July. Aurora and Newmarket saw the biggest growth in the past 12 months in all of York Region. (Source: TRREB Market Watch) Newmarket with 2023 high The average price in Aurora in August was $1,462,134. That's a 22.75% increase compared to August 2022 (avg.... [read more]

I hope you’re having a great week. Although the Real Estate Market finds itself in a bit of a summer lull, prices remain stable. In fact, the average price in York Region of $1,356,977 in July was up 6.4% compared to last year ($1,274,911) - but slightly down compared to the previous month of June ($1,391,215). The amount of homes sold (919) was down by 29% compared to June (1302). (Source: TRREB Market Watch) Newmarket up, Aurora down In Newmarket the average home... [read more]

With the start of summer it's not uncommon to see the market slowing down a little. While less homes have sold in June in our local real estate market compared to the previous month, prices have remained fairly stable. The average price in York Region of $1,391,215 was up by 1% compared to May. But while 1702 homes have sold in May, only 1302 sold in June (-23.5%). On a year-over-year basis the prices were 6.4% higher than 12 months ago. (Source: TRREB Market Watch) Aurora and... [read more]

Prices in York Region have increased for the fifth month in a row. The average price in May was $1,377,590 - that reflects an increase of 8.7% since December. (Source: TRREB Market Watch) Strong Markets in Aurora, Newmarket and EG In Aurora the average price climbed from $1,371,925 in April to $1,418,397 in May (+3.4%). While in April 84 homes have sold in Aurora, there were 102 transactions reported in May. On a year-over-year basis the price level is almost back to where it was in... [read more]

I hope you're enjoying the beautiful Spring weather. Our local Real Estate Market remains strong, mostly driven by low inventory. The average price in York Region in April was $1,369,724 - up 1.9% compared to the previous month and almost back at the same level as 12 months ago. The average time on the Market for a property was 23 days. (Source: TRREB Market Watch) In Aurora the average price of $1,371,925 in April  is still 8.6% lower on a year-over-year basis. 93 new... [read more]

Home Prices in Aurora have significantly increased over the last month. The average price went from $1,223,499 in February to $1,454,946 in March (+19%). That makes Aurora the second most expensive town in York Region, ranking behind King City (avg. $1,925,399) and slightly ahead of Richmond Hill (avg. $1,447,684). The average price for a detached home is now $1,655,286. Although prices in York Region are still 10-15% lower on a year-over-year basis, a strong upward trend is noticeable and... [read more]

It's exactly one year since prices have peaked. And between February of 2022 and now, mortgage rates have gone up, real estate prices have fallen and a whole lot of other things have happened. But it seems like the market is changing - again. What the F...ebruary? I know it's often just gray, cold and snowy, but I like February. I get to celebrate my Birthday and it's a great month for Sellers! Buyers who are willing to climb snow banks to see homes must be serious and there... [read more]

The Market is getting stronger again. Inventory is still pretty low and we're noticing more showings on listings and in some cases even multiple offers being back. Especially in the second half of January things have picked up. While only 16 homes sold in Newmarket and Aurora in the first two weeks of this year, 53 sold in the last two weeks of January. Aurora: Few Sales, Strong Prices The average price in Aurora in January was $1,498,266 - which is without surprise lower than last... [read more]

After a strong start in the first three months of the year, the Bank of Canada started to raise interest rates and prices started to decline. At the end of the year we're counting 7 rate hikes in a row, which brings the key interest rate to 4.25% - the highest since 2008. Prices back to early 2021 level The average home price in Aurora dropped from $1,633,259 in February to $1,191,994 in August and has since balanced out. The December average was $1,239,509, which is 13% lower... [read more]

After four months of stable prices, there hasn't been much of a change in November. In some areas of York Region prices have dropped a little but all together the prices have remained steady or even slightly gone up. The average home price in York Region in November was $1,309,646 (October: $1,258,610). On a year-over-year basis prices in the Region are 6% down. (Source: Market Watch Toronto Regional Real Estate Board) Prices back to early 2021 level In Aurora the average price... [read more]

Prices in our area seem to have stabilized since July. The average price in York Region in October was $1,258,610 - which is slightly higher than in September. After the significant drop between February and July, we are now back to the price level that we saw in Summer of last year. (Source: TRREB Market Watch) The average home price in Aurora also went up compared to September ($1,230,281) and currently stands at $1,363,412. That's 3.6% lower than one year ago. And while in... [read more]

After a couple slow summer months, the market has picked up in September. Although the number of Sales (5038) on the Toronto Regional Real Estate Board was down by 44.1% compared to last year and new listings reached a 20-year low, prices slowly increasing again in certain areas. Stable Prices in York Region The average home price in Aurora was $1,230,281 - that's still 12.5% lower compared to September 2021, but it reflects a 3.3% increase compared to the previous month. Similar in... [read more]

We've seen prices go up again in some areas of the GTA while in other places they are still decreasing. But overall throughout Toronto and the GTA, the average price for all types of homes combined was up by 0.4% in August. It's the first time in half a year that prices have increased compared to the previous month. A total of 5627 sales has been reported through the MLS System of the Toronto Real Estate Board (-34.2% compared to August 2021) and the average price of $1,079,500 has... [read more]

With significant increases to lending rates in a short period, there has been a shift in consumer sentiment. The average price in Aurora in July was $1,371,558 - that reflects a 6% drop compared to June. But still, on a year-over-year basis the average home price in Aurora is up by 11.4%. Fewer new Listings in July Inventory is thinning out which could lead to a more balanced market again. While in June 160 new listings hit the market in Aurora, there were only 124 in July. In Newmarket... [read more]

Higher borrowing costs continued to impact sales and home prices in June. The average price for a home in York Region was down to $1.308 million and prices are now back to where they were in late last summer. We are awaiting tomorrow's Bank of Canada Interest Rate Announcement with anticipation and some unease. (Source TRREB Market Watch) Aurora balancing, East Gwillimbury dropping The average price for a home in Aurora in June was $1,461,741 - similar to May but 10.5% lower... [read more]

The average home price in Aurora in May ($1,452,574) has dropped a further 3.25% compared to the previous month. Since the peak of the market in February (avg. $1,633,259), home prices have come down 11%, but on a year-over-year basis they are still up 16.5%. We are now seeing the price level back to where things were in late fall of 2021. 40% fewer Sales In Newmarket the average price for a home in May was $1,190,498 - 6% lower than in April, but 13.6% higher than 12 months ago. There... [read more]

For the second consecutive month, prices in our area have dropped. The average home price in Aurora in April was $1,501,618 - that's 6.6% lower than in March ($1,608,440), but still 17.5% higher than one year ago. What stands out is the significantly lower number of sales: 134 sales were reported in March, only 77 in April. A similar correction was noticed in Newmarket, where the average price between March and April fell from $1,381,836 to $1,266,924 (-8.3%). On a year-over-year basis... [read more]

With more inventory on the market in March we've observed a slight price correction. The average home price in Aurora decreased by 1.5% compared to the previous month, but remains high at $1,608,440. This reflects a 24% increase compared to last year. A similar growth is noticed in Newmarket where prices this March ($1,381,836) were 25% higher than twelve months ago, but 4.4% lower than in February. The average price for a detached home in Newmarket is $1,552,840. In East Gwillimbury... [read more]

We're looking back to another record month in Real Estate with the average home price in February in Aurora being $1,633,259. That reflects a 31.8% increase compared to last year. Despite a shortage of inventory, slightly more homes have sold in Aurora this month (128) than in February 2021 (118). Newmarket also 30% up A similar growth was noticed in Newmarket where home prices rose 31.5% on a year-over year basis; from $1,098,354 to now $1,444,858. And while we saw a very strong... [read more]

The average home price in Aurora in January was $1,518,825. This signifies a 19.5% increase on a year-over-year basis and a price increase of 6.5% compared to December. Average price for detached homes in Newmarket $1.5m In Newmarket prices rose from $1,011,949 in January 2021 to $1,307,555 in January 2022 - an increase of 29%. The average price for a detached home in Newmarket is $1.5 million. Between Newmarket and Aurora a combined 121 homes have sold in January. That's 51 homes... [read more]

2021 has been an exceptional year for real estate with new records being set almost every month. The year started off strong in January and prices in Aurora jumped 15% between December 2020 and January 2021. The average home price in Aurora at the end of 2021 was $1,426,159 - an increase of 29% on a year-over-year basis. While 68 properties have sold this December, only 47 new listings came on the market. This, once again, illustrates the shortage of inventory that we're... [read more]

We hope all is well and you and your family are gearing up for the Holidays. Although we're entering a traditionally slower season, our local Real Estate Market remains very strong, driven by low inventory. The average home price in Aurora in November was $1,440,133. That's the highest ever and reflects a 28.5% increase compared to last year. Newmarket: Less than one month of Inventory A similar increase (+26%) was presented in Newmarket where the average price point went from... [read more]

Real Estate Prices in our area keep rising month by month. When traditionally Spring is the hottest season for Real Estate, a look back on how prices have increased over the last 6 months illustrates that houses have never sold for more money than this Fall. Prices in Aurora and Newmarket up by 10% since April The average home price in Aurora in October was $1,415,299 - that's a new Record and 10.7% higher than in April. On a year-over-year basis the prices in Aurora are up by 34.5%... [read more]

Low inventory remains the main reason for tight market conditions. Hence prices in our area keep rising. Aurora Prices over $1.4 Million The average home price in September in Aurora was $1,405,893. That reflects a 24.8% increase compared to last year ($1,126,908) and the highest price average in Aurora ever. While one year ago there were 246 listings available, this September there were only 83 listings on the market. Average days on the market per listing was 22. On top of that, the... [read more]

In August the market has taken its regular summer breather but demand for home ownership remains strong. Throughout Toronto and the GTA, the number of listings was down 43% (August 2021: 10,609 / 2020: 18,599), but the average price of $1,070,911 was up by 12.6%. Newmarket Prices over $1.1 Million for the first time York Region remains a very strong Seller market: The average price of $1,104,770 reflects a new record for Newmarket and a 18.6% increase on a year-over-year basis. A detached... [read more]

Our local Real Estate Market keeps going strong. Prices in York Region in July were up 16.3% compared to last year. There is only a little bit more than one month of inventory available on the market. The average home price in Aurora was $1,231,280. Although this is slightly lower than in June, it reflects a 11.8% increase on a year-over-year basis (2020: $1,101,096). The average price for a detached home was $1,535,885 - no change compared to the previous month. East Gwillimbury almost... [read more]

Our local Real Estate Market presented itself very strong in June. The average price in Aurora of $1,269,041 was even slightly up compared to May (+1.75%) and has increased by 22% compared to last year ($1,039,565). The average price for a detached home in Aurora in June was $1,525,989. Over the first six months of 2021, prices have been very stable (see Graph 1), with $1,239,000 in February being the lowest and $1,296,000 in March the highest. (Graph 1 - Source: MLS Stratus, Toronto... [read more]

As we're heading into the summer months, the heated real estate market that we've experienced from January to March is gently slowing down. The average price in Aurora in May was $1,247,210 - while this reflects a staggering 38% increase on a year-over-year basis (May '20: $904,510), it's 2.4% lower than where prices were in April of this year. And while in April 190 homes have sold, less sales (134) were reported in May. In Newmarket prices came down 3% compared to April.... [read more]

Although prices are still staggeringly up on a year-over-year basis, the numbers have slightly started to decline in April. The average price in Aurora was $1,278,021. This is 39.7% higher than last year, but a little lower than in March ($1,296,477). Almost the same amount of homes have sold in April (190) as in March (188). This is clearly a significant increase compared to April 2020, the first full month of the Pandemic, when only 43 houses sold. In Newmarket prices are up 33%... [read more]

The average price for a home in Aurora this March was 30.7% higher than 12 months ago. While in March 2020 Aurora Home Prices averaged $991,785, they've now increased to $1,296,477. 188 homes have sold, which is twice as much as last March (97), when COVID-19 stalled the market temporarily. Although we're noticing more inventory, less multiple offers and the market softening a little, March prices were still slightly higher than what they were in February ($1,238,894). Newmarket... [read more]

We're looking back on another record month for Real Estate in Toronto and the GTA where the average sale price (all types of homes combined) has now surpassed 1 Million Dollars. Realtors in Toronto and the GTA reported a total of 10,970 Sales (+52.5% year-over-year) through the MLS at an average price of $1,045,488. This reflects an increase of 14.9% compared to last year. 30-45% increase in Suburbs The strongest growth is still seen in suburban areas like Newmarket for example, where... [read more]

For the first time ever the average house price in Aurora has surpassed $1.3 Million. The average price for a home in January was $1,317,103 - this beats the previous record month of April 2017 ($1,271,021). Compared to last year's January (avg. $907,729), prices in Aurora are now up 45%. During a global Pandemic. Why? To say that we are surprised by those prices would be an understatement. However, taking a closer look at 3 specific factors helps to understand why the market is... [read more]

At the end of this unprecedented year, our local Real Estate Market finished strong; the average home price in Aurora was up 32% compared to last year (Dec '19: $836,583 // Dec' 20: $1,104,698). Never have prices in our area been higher at the end of the year. The average price for a detached home in Aurora was $1,388,166. In Newmarket prices increased by 18% on a year-over-year basis from $805,347 to $951,743. A detached home cost $1,040,300 on average. There is a shortage of... [read more]

Our local Real Estate Market has not slowed down. Inventory is low and prices are up. The average selling price in Aurora this November was $1,120,122 - this represents a 23% increase compared to last year ($910,058) and is 6.4% higher than in October 2020. The average price for a detached home is $1,318,310. Newmarket 17% up, East Gwillimbury 22% In Newmarket prices have increased by 17% on a year-over-year basis from $821,167 in November 2019 to $963,661 this month. As in Aurora, the... [read more]

Prices in Newmarket and East Gwillimbury are more than 20% up on a year-over-year basis. Aurora has cooled off a little bit compared to last month. The average home price in Aurora in October was $1,052,457. While this represents a 11.25% increase compared to October 2019, it's 6.6% less than last month ($1,126,908 in September). The average price for a detached house in Aurora was $1,278,647 and it took an average of 30 days to sell a home (28 Days in September). Newmarket prices 22%... [read more]

We're looking back at another strong month in Real Estate. Especially in Aurora where the average home price has increased by 15.4% on a year-over-year basis from $976,427 in September 2019 to $1,126,908 in September 2020. The average price for a detached home in Aurora is $1,383,211. Compared to the previous month (August), prices have gone up another 10.5%. Detached Homes in Newmarket over 1 Million In Newmarket things have slightly cooled off, as prices in September were 1.5% lower... [read more]

During what has been the busiest summer in Real Estate in Toronto and the GTA, prices kept strong through August and were up on a year-over-year basis by approximately 17%. The average price for a home in Aurora was $1,019,125. Although this represents a small decrease compared to July ($1,101,096), it's 17% higher than in last year's August ($869,239). The average price for a detached home in Aurora is $1,259,424. Highest prices in Newmarket since Spring 2017 In Newmarket... [read more]

July has been a historical month for real estate in Aurora. The average house price was $1,101,096 which reflects a 33% increase on a year-over-year basis. Only in February, March and April of 2017 have prices ever been higher. A detached home in Aurora cost $1,288,348 on average last month. Newmarket and EG Prices lower than in June, but still very strong Prices in Newmarket are up by 27.5% percent compared to last year (2020: $858,955 / 2019: $785,365) and sales have increased by 9.4%;... [read more]

We hope you've enjoyed the beautiful weather this weekend! Our local Real Estate Market in June was as hot as the last days' temperatures. Aurora and Newmarket prices more than 15% up Home prices in Aurora rose over 1 Million for the first time since September 2017. $1,039,565 was the average price, which reflects a 16.6% increase compared to June 2019 and a 15% increase compared to this year's May. Sales have doubled; while only 48 homes sold in May, 94 sales were reported on... [read more]

I hope you're enjoying the finally nice summer weather. Just like the temperatures, our local Real Estate Market is heating up too. It all points towards a "Spring Market" in summer. Aurora Prices 9% up, Newmarket 14.4% In Aurora the average home price in May was up 8.9% on a year-over-year basis, from $830,668 to $904,510. A detached home sold for $1,184,099 on average, which represents an increase of 14.4% compared to May 2019. In Newmarket, where the average home cost... [read more]

I hope you and your close ones are all holding up ok. Didn't it feel like April just flew by? At least compared to the never-ending March, right? Time to look back and see what happened in our local Real Estate Market last month. Generally speaking, because of COVID-19, the market has slowed down in terms of new listings and sales. Which makes sense; if there are less homes on the market, less homes can sell. While there were 366 active listings in Aurora in April 2019, only 177 entered... [read more]

First and foremost, we hope you and your loved ones are all safe and healthy and holding up ok. If there's ever anything we can help you with, please know that we're always only a phone call away. How is, or how will, COVID-19 affect the Real Estate Market? Our honest answer is, we don't know. We've seen various predictions in the past days, but it's too early to say. But the market will be affected, like everything else. March numbers significantly up If we look... [read more]

We're experiencing a very active Real Estate market. 98 homes have sold this February in Aurora, which is almost double compared to February 2019 (50). The average home price in Aurora was $928,239 and remained the same on a year-over-year basis. The average price for a detached home in town is $1,100,425. Highest Prices in Newmarket since May 2017 Newmarket's sales went from 79 homes in February 2019 to 141 this year. As market conditions tightened, competition between buyers has... [read more]

It's been a year of change. After a rather slow first 6 months (with exceptions in February and March), our local market shifted from a Buyers' Market to a more balanced Market, where in the lower price segment we even saw multiple offers again. Strong Fall Months in Aurora In Fall, the market in Aurora picked up fast and the average sale prices in September, October and November were higher than during same time period of the previoius year. Prices had increased by 21% on a... [read more]

"The Spring Market starts in January", is a common saying in Real Estate. And in 2020 it's more accurate than in previous years. A lack of inventory has created tighter market conditions and we're heading back towards a Seller's Market. Aurora Prices 5% up While there were a total of 208 active listings in Aurora in January 2019, there were only 137 this year. High demand and low supply cause prices to rise. The average price for a house in Aurora ($896,640) was up... [read more]

Newmarket's Home Prices have reached a new high this November. The average house price was $821,167 - this is the highest in exactly 2 years and a 17.7% increase on a year-over-year basis. Sales Volume also went up: While only 86 homes have sold in November 2018, there were 130 sales reported this month.   Aurora 6% up Although the average home price in November in Aurora was slightly lower than in October, prices are up by 6% compared to last year's November (2018:... [read more]

After a strong September our local Real Estate Market keeps improving. In October home prices in Aurora were up on a year-over-year basis for the second month in a row. The average price for a house was $945,972 - that's an increase of 4.3% compared to last year ($906,928). 89 Homes have sold, just a few  more than in October 2018 (82). The average home price in Newmarket in October ($749,501) was pretty much the same like in 2018 ($751,325). But sales have gone up: 135 homes sold,... [read more]

Our local Real Estate Market seems to be recovering. Throughout the entire Toronto Real Estate Board (Toronto and GTA) prices in August were up by 3.6% on a year-over-year basis. Although August was a slower month with only 78 Sales in Aurora (compared to 109 in July), the average price of $869,239 was up by 5% compared to the previous month. But compared to last year's August, Aurora's home prices are still down a bit (6.8%). The average price for a detached home in Aurora is... [read more]

It's been a great month for Real Estate Sales in our area. After months and months of declining prices, our market has improved significantly after the summer. Highest Average in Aurora in two years The average home price in Aurora in September was $976,427 - that an increase of 21% year-over-year (September 2018: $807,421). It's also the highest average for Aurora since October 2017. Although I always advise caution when solely looking at the average prices, especially in a... [read more]

Despite July being traditionally a slower month, Newmarket's home sales have increased. The average price for a house in Newmarket was $785,365 - that's higher than in June ($771,735) and a 1.3% increase compared to July 2018. It's also the highest average since February. Newmarket's prices are now pretty much exactly where they were two years ago (July 2017: $788,629). Aurora's average home price ($828,001) is 2% lower than last year ($844,047). On a positive note, 109... [read more]

"How's the Market doing?" - I'm getting this question asked a lot lately. People notice that there are more "SOLD" signs out again that last year. So how is our local Real Estate really doing in 2019? After the big drop in 2017, prices in our area have become stable. The average home price in Aurora in June 2019 was $891,331 - this is only 0.7% lower than in June 2018. Same in Newmarket, where this June's prices were at $771,735 and just a little lower than... [read more]

While prices are still stable, the sales activity in our area keeps picking up. 129 homes have sold in Aurora in May, that's significantly more than in May 2018 (97 homes) and also more than in May 2017 (121). Compared to last year, the average home price in Aurora was down by 9% (avg. 2019: $830,668 // avg. 2018: $913,410). But the Median Price for Aurora year-over-year hasn't changed at $810,000 and is higher than it was in April ($747,000). Positive Trends in Newmarket The... [read more]

Our local Real Market is more active than it's been in the past 2 years. 109 homes have sold in Aurora in the month of April. The last time more than 100 houses were selling was in May 2017. Although volume has picked up significantly, prices in Aurora are 10.6% lower than last year: The average sale price this April was $858,887 (vs. $960,670 in April 2018). More homes being sold means that more homes are selling in the lower price range (townhomes, semi-detached), which naturally... [read more]

The Spring Market is in full gear and it's no surprise that sales have increased from February to March. However, considering that in Aurora in February only 50 homes have sold and now 94 in March, is a strong sign that our local market is improving. The average price for a home in Aurora this March ($844,420) was pretty much the same like in March 2018 ($852,166), so is the Median Price (2018: $782,450 / 2019: $782,250). In Newmarket the average home price in March 2019 ($774,390)... [read more]

There are some signs that our local Real Estate Market in York Region is warming up a little. On March 6th the Bank of Canada has left its benchmark rate unchanged for the second times this year and it seems that buyers feel more confident to purchase again. The average home price in Aurora this February was $939,253, which reflects a 1.5% increase compared to February 2018. The Median Price went from $760,000 to $790,000 (4% increase). Compared to the average price in January ($852,428),... [read more]

The average sale prices in Newmarket and Aurora in January have been slightly lower than the year before. In Newmarket, the average price for a home was $750,590, which compared to January 2018 ($785,688) is a decrease of -4.5%. On a positive note, the prices have gone up compared to December (avg. $691,797). Aurora's average home price this January was $852,428 - this is 3% less than in January 2018 (avg. $879,078). 54 Homes have sold, which is a few more than in... [read more]

2018 has been an interesting year with regards to our local Real Estate Market, prices have been up and down throughout the whole year (see graph below). 876 homes have sold in Aurora in 2018 at an average price of $895,390. That's approximately 100 homes less than in 2017 (967). The most expensive home that sold in Aurora was 32 Steeplechase Avenue, which sold in January for $7.0 Mio. Sales Volume in Newmarket was down more significantly this year. While 1423 homes have changed... [read more]

Aurora's and Newmarket's average home prices have gone down in November compared to October. While a house in Aurora cost $906,928 on average in October, the price decreased in November by 5.2% to $859,363. 79 homes have sold, which is comparable to October (82). In Newmarket the average price dropped by 7.2% from $751,325 in October to $697,452 in November and a total of 86 homes have sold (119 in October). While the average home price throughout the GTA (including Toronto) was up... [read more]

After a surprisingly slow September, sales and prices have picked up in October in Aurora. Maybe a result of the most recent increase of interest rates, buyers feel the urge to buy now rather than wait. The average home price in Aurora went from $807,421 to $906,928, that's an increase of 12,3%. But we have to keep in mind that we're looking at a relatively small market where a couple big sales can easily push the average up by quite a bit. More important is the amount of homes that... [read more]

After a strong August, the average home price in Aurora has dropped from $932,872 to $807,421 in September (minus 13.4%). Nothing unusual, as we've seen Aurora's prices going up and down throughout the year. We're looking at a relatively small market where the average price can easily be affected by one or two big sales. What surprises me more is the amount of homes being sold: Only 58 versus 83 in August. But keep in mind, in September 2017 only 48 homes have sold in Aurora.... [read more]

The end of the September Long Weekend marks the beginning of the Fall Market. But first, let's look back on August, traditionally one of the slower months in Real Estate. Surprisingly Aurora has done quite well this August. More homes have sold than in July (83 vs. 79) and the average price has gone up from $844,047 in July to $932,872, which reflects a 10.5% increase compared to the previous month. For the first time in quite a while, the average price is now higher than what it was one... [read more]

The Real Estate Market in Newmarket has done very well in June. The average house price went up 5.4% compared to May, from $739,239 to $778,866. What even stands out more is the number of sales: While in May we’ve had 98 homes sold, there were 128 sales in June. That’s significantly more than one year ago, when 108 homes have sold in Newmarket. So has the market bounced back? Not quite yet I’d say, as the average home price compared to June 2017 is still lower in Newmarket... [read more]

With finally warmer weather in May, Buyer's activity in Aurora went up significantly. 97 homes have sold versus 77 in April. However, the average home price in Aurora went slightly down from $968,670 to $913,410 (-5.7%). The average price for a detached house pretty much stayed the same (April: 1.128 Mio / May: 1.135 Mio). In Newmarket the average home price decreased by 6.7% from $792,317 in April to $739,239 in May. With 98 Homes sold, activity was just the same as in... [read more]

Our local Real Estate Market keeps improving month by month. The average home price in Aurora in April was $968,670 - that's a 13.7% increase compared to March (avg. $852,166) and the highest average since October 2017! The average price for a detached home in April was $1,110,027. Newmarket and East Gwillimbury also saw a healthy growth last month. In Newmarket the average price for a home went up 5.8% (March: $748,940 / April: $792,317). 105 houses sold in Newmarket versus 93 in... [read more]