Real estate update. York Region, Ontario, Canada

Опубликовано 15 февраля 2026, 16:51

Hi everyone,
Let me give you a quick and simple update on what’s happening right now in the York Region real estate market — Markham, Vaughan, Richmond Hill, King, Aurora, Newmarket and nearby areas.
When we look at the market, one of the key numbers we always pay attention to is MOI — Months of Inventory.
In plain English, MOI shows us how long it would take to sell everything that’s currently on the market if homes keep selling at today’s pace.
Here’s the easy breakdown:
• Under 3 months — that’s a seller’s market. Homes move fast, sometimes with multiple offers.
• Between 3 and 6 months — that’s a balanced market.
• Over 6 months — that’s a buyer’s market. Homes take longer to sell, and buyers have more negotiating power.
Right now, condos in York Region are sitting at 8.33 months of inventory.
That means, at the current pace, it would take over eight months to sell all the condos that are listed.
Freehold homes are doing a bit better, but still not great — 6.58 months of inventory.
Both numbers clearly tell us: we’re in a buyer’s market.
So what does that mean for you?
If you’re thinking about selling — pricing is everything right now. You have to come to the market realistic and competitive. If you overprice, your home just becomes one of many sitting there… and sitting there…
If your property hasn’t sold within 30 to 45 days, in most cases it simply means the price doesn’t match today’s market — and we may need to adjust.
If you’re buying — this is actually a strong position to be in. You have room to negotiate.
But here’s something important: negotiation works best when the property was overpriced from the beginning. If it’s priced correctly from day one, expecting a huge discount usually isn’t realistic.
For freehold homes that have been on the market 45–50 days or more, buyers are often negotiating around 4–6% off the original price.
For condos, we’re sometimes seeing 7–10%, depending again on how it was priced.
And one more important point.
If you’re selling and buying at the same time, the overall market direction matters less — because you’re operating in the same market on both sides of the transaction.
If you’d like a more precise evaluation of your home, or you’re thinking about buying in a specific neighborhood, just reach out. I’ll personally prepare a detailed market analysis for you.
As always, I’m here to help with buying or selling in Toronto and across the GTA.
And don’t forget to subscribe so you don’t miss the next update.
Have a great day!

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