Vaughan market report · September 2024
Vaughan housing market: September 2024
Vaughan housing market in September 2024: $1,270,488 average sale price (down 0.9% year over year), 207 homes sold, 3.5 months of supply — a balanced market. Figures from the Toronto Regional Real Estate Board.
What happened in Vaughan in September 2024
Vaughan recorded 207 sales in September 2024, 13.7% more than the same month a year earlier. Sellers brought 903 new listings to market, leaving 1,317 properties in inventory — 40.7% more than a year ago. At the month's pace of sales that is 3.5 months of supply, which puts Vaughan in a balanced market. 39% of the month's new listings sold.
The average sale price across all property types was $1,270,488, down 0.9% year over year and up 2.4% on the month. Detached homes averaged $1,844,563 against $660,637 for condo apartments — the gap that decides which side of the $1.5 million insured-financing cap a purchase here falls on.
The two years to September 2024
By property type
| Type | Average sale price | YoY | Sold | New listings | Inventory |
|---|---|---|---|---|---|
| Detached | $1,844,563 | +5.2% | 87 | 428 | 605 |
| Semi-detached | $1,090,143 | -7.7% | 14 | 24 | 33 |
| Row / townhouse | $1,134,294 | -4.6% | 33 | 122 | 149 |
| Apartment | $660,637 | -6.2% | 68 | 286 | 464 |
| All types | $1,270,488 | -0.9% | 207 | 903 | 1,317 |
Source: the Toronto Regional Real Estate Board, Vaughan, September 2024.
What this means if you're buying in Vaughan
Market conditions shape the negotiation; your income, debts and the stress test decide what you can actually borrow. Detached purchases here routinely exceed $1.5 million, which puts them outside insured financing entirely — 20% down minimum, no insurance premium, and a smaller set of lenders. Buyers moving up from a first home also hit the timing problem: if your purchase closes before your sale, you need bridge financing, which requires a firm sale agreement on the property you are selling. Sorting the closing dates and the bridge at offer stage is much easier than solving it two weeks out.
Read the full Vaughan area guide, compare it with the wider GTA market, or run your numbers and start an application.
Buying in Vaughan?
Get a real pre-approval before you shop — it's the difference between a budget and a guess.