What’s Happening in the York Region Housing Market?
The average residential sale price in the York Region housing market decreased by 1.5 per cent across all property types between 2025 and 2026, declining from $1,067,057 to $1,051,600. The number of sales decreased by eight per cent over the same period, from 41,194 to 37,919. The number of listings also decreased by 7.6 per cent, falling from 109,848 to 101,523.
Looking ahead, average 2026 sale prices are expected to decline by approximately three per cent below 2025 levels, while the number of sales is expected to increase by about 4.5 per cent.
York Region remains balanced overall but generally favours buyers, with ample inventory, moderate demand, and more negotiating power than in recent years. The market is showing signs of tightening, which is expected to help stabilize prices through the fall. Sales at the start of 2026 were slightly stronger than during the same period in 2025. With pent-up demand expected to return in the fall alongside stabilized pricing, sales activity is expected to improve.
Home prices remaining too high relative to incomes is the biggest factor preventing more first-time buyers from entering the market.
According to Justin Risi, Broker and Executive Vice President at REMAX Your Community Realty, the HST rebate has had a positive but limited impact. It has primarily reduced upfront costs for buyers who were already close to purchasing, rather than bringing a significant number of new buyers into the market. Most conversations have focused on eligibility requirements and how the program works, with limited impact to date outside low-rise new construction.
Buyers are least willing to compromise on location. However, they have shown greater flexibility when it comes to housing type, including detached homes, semi-detached homes, and condominiums. Location continues to remain a top priority.
According to Justin, the foreign buyer ban has reduced new construction development activity without improving affordability.
Frequently Asked Questions
How have home prices changed in York Region?
The average residential sale price in York Region decreased by 1.5 per cent between 2025 and 2026, declining from $1,067,057 to $1,051,600.
How have sales and listings changed in York Region?
The number of sales decreased by 8 per cent, from 41,194 to 37,919, while the number of listings decreased by 7.6 per cent, from 109,848 to 101,523.
What is expected for York Region home prices in 2026?
Average 2026 sale prices are expected to decline by approximately 3 per cent below 2025 levels.
What is expected for home sales in York Region in 2026?
The number of sales is projected to increase by about 4.5 per cent.
What type of market is York Region experiencing?
York Region remains balanced overall but generally favours buyers, with ample inventory, moderate demand and more negotiating power than in recent years.
What is contributing to the market outlook for the fall?
The market is showing signs of tightening, which is expected to help stabilize prices through the fall. With pent-up demand expected to return alongside stabilized pricing, sales activity is expected to improve.
What is the biggest barrier for first-time buyers?
Home prices remaining too high relative to incomes is the biggest factor preventing more first-time buyers from entering the market.
How is the HST rebate affecting the York Region housing market?
According to Justin Risi, Broker and Executive Vice President at REMAX Your Community Realty, the HST rebate has had a positive but limited impact. It has primarily reduced upfront costs for buyers who were already close to purchasing, rather than bringing a significant number of new buyers into the market.
What kinds of buyer conversations are taking place around the HST rebate?
Most conversations have focused on eligibility requirements and how the program works, with limited impact to date outside low-rise new construction.
What are buyers least willing to compromise on?
Buyers are least willing to compromise on location. However, they have shown greater flexibility when it comes to housing type, including detached homes, semi-detached homes and condominiums.
How has the foreign buyer ban affected the market?
According to Justin Risi, the foreign buyer ban has reduced new construction development activity without improving affordability.
