Real Estate Market in Aurora and Newmarket
Sales and home prices in the Greater Toronto Area were both down in November, a trend that might steepen as the effects of the US tariffs sinks in on the GTA economy, including the York Region, Newmarket, Aurora and Bradford areas.
GTA REALTORS® reported 5,010 home sales through TRREB’s MLS® System in November 2025 across metro Toronto declined 15.8% year over year and new home listing also declined by 4% year over year. Home prices remained steady from October’s levels, yet the average selling price fell 6.4% to $1,039,458 vs November 2024.
TRREB’s Chief Information Officer Jason Mercer said the November economy were better than expected and the supply of homes is creating opportunities for homebuyers. He added that the current glut of new construction housing will be absorbed and conditions will likely tighten over 2026.
In York Region specifically, prices and sales dropped more significantly last month. Remax forecasted a buyers market which is happening, yet their prediction of a 4% increase going into 2026, compared to 2025 and sales growth of 5% going into 2026, compared to 2025 is likely not going to transpire. Local Realtors believe the market hasn’t bottomed. Prices are too high when combined with mortgage rates. Currently, rate hub has 5 year mortgages offered at a sizable 3.94%.
In Newmarket, the average home price fell 6.6% or -$953,743 in November 2025, which is down 6.6% (-$67,413) vs last month and down 10% (-$106,173) year over year. A sizable drop for sellers who are believed for the most part to be holding out for their dream price.
Only 60 homes sold in November, down 34% year over year, while listed for an average of 29 days, among 304 active listings to the end of November. Active listings rose 39.4% vs last November 2024.
Detached house prices now average $1.06 million, down 8.2% or -$94,862 month-over-month and fell 13.6% or -$167,058 year-over-year. 34 detached houses were sold in November, on the market for an average of 28 days amongst 190 active listings at the end of the month.
Semi-detached house prices rose 6.6% to $849,417, (+$52,781) vs October, and were down by 5.4% (-$48,768) year-over-year. Just 6 semi-detached houses sold after sitting on the market for 29 days with only 29 active listings active by month end.
Townhouse Condo prices fell in 1.55 to an average $722,250 (-$10,750) vs October and down 12.1% vs one year ago (-$99,625). Only 6 townhouse-style condo sales occurred being listed for 23 among 24 active listings.
Apartment Condos rocketed 47.3% to $795,667 (+$255,667) vs last month, and are up 22.8% (+$147,667) vs 12 months ago. However, that stat is from only 3 condo sales in Newmarket having been listed for 60 days amongst 29 active condo listings.
The numbers reveal a much weakened Newmarket housing market, perhaps ready to plunge further through the winter. Home prices in the 905 region declined further than the 416 zone. This could be due to Toronto area buyers less willing to risk a move northward, fearing job loss and being unwilling to commute to work in Toronto. As the Toronto economy has shrunk, more buyers are sitting on the sidelines, waiting for mortgage rates to drop and perhaps a market selloff.
Those who waited this last 12 months have seen prices reduced by up to $100,000, a sizable sum for any buyer.
Zolo’s home price chart for Newmarket shows the November drop followed by an uptick in December.
Check out new home developments in Newmarket and new homes in Bradford.
In Aurora, home prices fell 7.41% to $1,285,894 on average with a median price of $1,150,000. The average house price is listed at $1,677,031 while the median price is $1,521,50. At end of November, there were 192 houses listed for sale. The average apartment condo price in Aurora sits at $571,667, down 7.21% vs last November of 2024.
New Condominium on Jonway, Aurora
Northern York Region continues to grow particularly as word gets out about new housing developments in Aurora and new homes for sale in Newmarket. and those in East Gwillimbury.
Newcomers are impressed with the quality of living in York Region with the open spaces, clean air, Cooks Bay to the north, the Durham forest to the east, and the small town living.
Aurora and Newmarket are perfect for growing families with the number excellent schools, libraries, recreation facilities, shopping, and a vibrant commercial/business area. These are communities with a definite character and high standard of living.
If you’re investigating the Aurora and Newmarket or anywhere in Northern York region to buy a detached home or condo, you won’t be disappointed at the lifestyle in these quaint cities. Andas this most recent updated market report for 2017 suggests below, prices are appreciating and availability is being squeezed.
There are new housing developments here, some quite large, however most have already been sold out. It’s a seller’s market here like no other in York Region.
If you’re hoping to sell your home (at over asking?), consider having me help you build strong demand for your home online and with a private MLS listing. I may be a good alternative to a local Aurora or Newmarket realtor. I offer a very powerful selection of Digital Marketing Services. Rather than the realtor hiring me to do all the work, why not go direct and save tens of thousands in commission?
Population Growth to Boost Demand for Detached Homes
The Aurora/Newmarket area is a special urban zone just north of Toronto, Canada, surrounded by development-blocked scrubland called green space. This scarcity of usable, development land for housing is the number one driver of skyrocketing prices in these two towns and a current housing crisis for many residents. For investors and speculators alike, this region is worth a good look.
You’d be hard pressed to find anyone who doesn’t believe the housing market in the Aurora, Newmarket and Bradford area won’t boom for some time. Huge new housing developments being built currently on the west and east sides of these much desired towns are providing hundreds of new homes for sale. Those new properties are hot commodities.
It’s a testament to the popularity of the region and the growth in migration from Toronto and Mississauga, and from south YR to north YR. But without land, homes can’t be built.
Here’s some eye opening stats on how single detached home prices and listings have changed in the last 12 months in the Aurora, Newmarket, Markham, Richmond Hill area to give you some perspective before we continue.
Ontario Government – Places to Grow and Urban Intensification Act
Will mounting pressure on the Ontario government force the increase of more land for development in Aurora, Markham, Richmond Hill, Stouffville and Newmarket?
While most buyers peruse properties in Richmond Hill, Vaughan, and Markham first, the Aurora Newmarket and Bradford area is very attractive. And homeowners have enjoyed strong selling prices given the employment situation, Ontario economy, and persistently limited supply enforced by various levels of government.
On the issue of home building in York Region, Bryan Tuckey, president of the Building Industry and Land Development Association (BILD). “The net effect will be higher housing prices across the board.” As time has passed, we can see prices didn’t climb as much as expected.
While new construction developments on the east side are available, there is no room to grow. Price pressure will be enormous through 2020 and beyond. If prices have risen 22% in the last, we can safely project that demand will continue through 2020 if the Toronto economy and the US economy should hold during that time.
Prices are rising fast and many homeowners who previously wouldn’t sell are finally coming to the conclusion that now is the time to sell. But the market isn’t about about to die.
Even with the governments acting to add taxes and raise mortgage qualification requirements, the demand for homes in Aurora and Newmarket is high. Lately, Aurora home prices have risen faster than any other municipality in the Toronto area.
New Home Construction Developments in Aurora ON
St John’s Forest – Mattamy Homes sales office not open yet
Treasure Hill – Time Village on 25 Mavrinac Blvd. Aurora, ON
Aurora Trails – Arista Homes Sales Center at corner of Wellington St. and Mavrinac Blvd Aurora, ON
Newmarket New Home Construction Developments – New Homes for Sale
Are you on the hunt for new homes for sale in Newmarket?
Copper Hills Phase 4 – Sales office at 1035 Poppy Lane, Newmarket
ESPRIT Newmarket – Presentation centre at 219 Davis Drive West, Newmarket
Glenway Phase II – Andrin Homes and Lakeview Homes presentation centre at 26 Lesmill Rd #3, North York.
The housing stock is predominantly new and categorized as luxury real estate as you can see in the Aurora homes galleries, the prices put Aurora and Newmarket homes in that category. Take a look at this gallery of Aurora luxury homes and you’ll see what’s typically available for $1.5 million to $8 million here. You’ll find some beauties in what are spectacular neighbourhoods providing an unparalleled quality of life.
Please do read the Toronto Real Estate Forecast and condo market report to get up to date on the factors that are pushing Southern Ontario real estate prices up. The major reason is a huge demand for housing in general and for single detached homes in general.
