The average residential sale price in York Region housing market has decreased by six per cent year-over-year across all property types between January 1 and July 2025 from $1,323,159 to $1,243,315. The number of sales decreased by 17.4 per cent for the same time period from 7,529 to 6,216. The number of listings increased by 20.3 per cent (from 18,390 in 2024 to 22,114 in 2025).
Trends in the York Region Housing Market
The York region housing market is starting to see desirable properties receiving multiple offers, which is expected to translate to a slight uptick of about 1.3 per cent in average pricing. Pent-up demand is driving some reassurance in the market, which will help increase sales by about three precent, and likely continue into next spring.
York Region in Q4 2024 experienced a balanced to buyer’s market, with expectations that buyer-favoring conditions will continue into the fall. The region is expected to see a ‘balancing’ out effect in early 2026. Increased inventory levels have helped cooled off the bidding war landscape. Buyers are proceeding with a more diligent approach; greater choice has properties sitting on the market longer as buyers compare homes, have home inspections done and improve their financial situation.
Families are the primary drivers of sales in the region, a trend expected to continue through the rest of the year. As confidence gradually returns, younger buyers who have been on the sidelines for the past few years are beginning to enter the market. Currently, the typical buyer profile reflects families moving for space or affordability reasons. Shifts in family dynamics are also contributing to sales: young couples starting families are moving from condos to homes, while retirees are selling to free up cash for future use. Overall, evolving family needs are creating a steady demand for both buying and selling activity in the region.
Economic uncertainty remains the region’s biggest challenge, slowing overall market activity as buyers take their time and evaluate their choices. Stubborn sellers that refuse to adjust to today’s market are also creating a surplus of high priced inventory that will just help sell other homes in the area. Sellers are also having a hard time adjusting their expectations to meet today’s market conditions. Some are sticking to their pricing and ‘waiting out’ the market in anticipation of a shift in market dynamics.
York Region is beginning to see more buyer confidence, as Canadians are seeing that much of the initial market uncertainty is stabilizing. Buyers are generally savvy and are focusing on what matters the most to them: Making the right moves at the right time, for their family and their needs. Despite economic uncertainty, people are increasingly making decisions based on their own priorities and circumstances. In line with these observations, there has been a marked shift from the historically 25 to 30 year-old first-time buyer, to what is now a 35 to 40 year-old first time buyer. People are choosing to rent out or are staying with their parents longer to help save more for their downpayment. In addition, some seniors are selling their own homes to help provide the money necessary for their first-time home buyer children and grandchildren to be able to attain homeownership.York Region is beginning to see more buyer confidence, as Canadians are seeing that much of the initial market uncertainty is stabilizing. Buyers are generally savvy and are focusing on what matters the most to them: Making the right moves at the right time, for their family and their needs. Despite economic uncertainty, people are increasingly making decisions based on their own priorities and circumstances. In line with these observations, there has been a marked shift from the historically 25 to 30 year-old first-time buyer, to what is now a 35 to 40 year-old first time buyer. People are choosing to rent out or are staying with their parents longer to help save more for their downpayment. In addition, some seniors are selling their own homes to help provide the money necessary for their first-time home buyer children and grandchildren to be able to attain homeownership.
Conditional sales have become more common, as sellers are now more willing to accept conditions than in the past. Many of these sales are extending beyond the initial 30 to 45 day period, providing buyers additional time to sell their current property before completing the transaction. With prices easing, surrounding neighbourhoods such as Richmond Hill, Aurora, Markham, and Stouffville have brought back buyers who might otherwise have been priced out of York Region. Without these more accessible options, many of these buyers would have looked to nearby regions, such as Simcoe or Durham.
York Region is currently moving in an ideal direction for a bounce back. Decisions facing buyers and sellers need to be guided by an active real estate professional who can help them focus on the factors that truly matter.
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