York Region Real Estate Market Update

March 2026 | The Toombs Team

There are now thousands more homes for sale in York Region than buyers have been used to seeing and that shift is continuing to shape the market as we move into spring.

Here’s what you need to know about the current conditions across York Region, including Newmarket, Aurora, and East Gwillimbury.

York Region Overview

The average home price across York Region is currently sitting around $1.15 million, slightly lower than this time last year but beginning to show some month-to-month stability.

The market today can best be described as balanced, but cautious. Buyers are still active, but they are taking more time, weighing options carefully, and making more informed decisions before moving forward.

Inventory: A New Level of Supply

Inventory continues to be one of the most important factors shaping the market.

There are now over 3,300 active listings across York Region, a significant increase compared to the tighter conditions seen in recent years. This rise in supply has created a very different environment, one where buyers have more choice than they’ve had in quite some time.

For sellers, this means pricing and presentation are critical. Homes that are well-positioned and aligned with current market expectations are still selling, while those that miss the mark are sitting longer.

Sales Volume: Slower, But Still Active

Sales activity remains below historical norms.

In February, York Region recorded approximately 678 sales, which is about 12% fewer transactions year-over-year. While this reflects a slower start to the year, it’s important to note that buyers are still present, just more selective.

Locally:

• Newmarket: 47 sales
• Aurora: 42 sales
• East Gwillimbury: 29 sales

Interestingly, Newmarket saw fewer sales in February than in January, an unusual pattern. This is likely tied to the unpredictable weather earlier in the month, as early March has already shown a noticeable increase in activity.

What to Expect This Spring

Looking ahead, there are strong signs that the market will begin to pick up through the spring season.

While the start of 2026 has been slower, this is not uncommon. Historically, activity builds through the second quarter, and there is a strong possibility that sales volume will improve compared to 2025.

For buyers, this environment continues to offer:

• More selection
• Greater negotiating power
• Less pressure to make rushed decisions

For sellers, success will depend on:

• Strategic pricing
• Strong presentation
• Understanding how their home compares within a more competitive landscape

Final Thoughts

The York Region market is evolving into a more balanced environment, one that rewards preparation, patience, and local expertise.

If you have questions about how these trends impact your home, your neighbourhood, or your plans for the year ahead, don’t hesitate to reach out. The Toombs Team is always here to help you navigate the market with clarity and confidence.