Prices rise again, Aurora 19% up - March Real Estate Market Report

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 we would expect that by May latest the price level will be the same  - or higher - than last year.

(Source: TRREB Market Watch)

The average price in Newmarket in March was $1,197,824 - 2% higher than in February and 13% lower than in March 2022. In East Gwillimbury prices have increased by 12.5% from $1,230,814 in February to $1,385,635 in March. Bradford prices (avg. $1,106,232) are 5.75% higher than last month.

GTA: Average Sold price about List Price

Throughout Toronto and the GTA a total of 6896 Sales has been reported through the MLS System. That's 36.5% less than last year but up notably compared to the 4783 Sales in February. The average Sale Price ($1,108,606) was above the average list price for the first time since May 2022.