Skip to content
Indi Mortgage

Toronto areas

Buying in Aurora

An established, affluent town between Newmarket and Richmond Hill, with a well-preserved historic core and large estate housing.

Housing stock

Century homes around the historic core, large detached subdivisions, and estate housing on the eastern and western edges.

Tends to suit
  • Established families
  • Move-up buyers
  • Buyers wanting town character with large-lot housing

Aurora is smaller and quieter than its neighbours and has held onto a genuine historic centre. Around it, the housing is largely detached subdivision stock, and toward the edges it becomes estate housing on very large lots.

It prices above Newmarket and below Richmond Hill, which puts a good deal of its detached inventory in the range where the insured-financing question becomes decisive.

The century homes near the core are attractive and come with the usual caveats of any hundred-year-old house.

The Aurora market — August 2026

All 24 monthly reports →
Average price
$1,105,004
-18.7% YoY
Homes sold
49
Detached
$1,467,448
Condo apt
$518,833

4.9 months of supply — a buyer's market. Figures from the Toronto Regional Real Estate Board.

Financing a home in Aurora

The estate properties on the town’s edges can run into the same issues as Caledon — larger parcels, sometimes well and septic, and lenders that will only value a limited acreage. On the century homes near Main Street, expect an insurer to ask about wiring, plumbing, and the age of the roof and furnace before binding a policy, and remember that you cannot close without insurance in place. Getting an insurance quote during the condition period, not after, is the practical safeguard.

Ask me about Aurora

Questions about Aurora

What kind of homes are in Aurora?

Century homes around the historic core, large detached subdivisions, and estate housing on the eastern and western edges.

Who does Aurora suit?

Aurora tends to suit established families, move-up buyers, buyers wanting town character with large-lot housing. An established, affluent town between Newmarket and Richmond Hill, with a well-preserved historic core and large estate housing.

Is there anything unusual about getting a mortgage in Aurora?

The estate properties on the town’s edges can run into the same issues as Caledon — larger parcels, sometimes well and septic, and lenders that will only value a limited acreage. On the century homes near Main Street, expect an insurer to ask about wiring, plumbing, and the age of the roof and furnace before binding a policy, and remember that you cannot close without insurance in place. Getting an insurance quote during the condition period, not after, is the practical safeguard.

Other Toronto areas

The full guide to living in Toronto

Ready to talk about a Toronto mortgage?

Two ways to start: book a call and we'll talk it through, or start the application online and I'll come back to you with what you qualify for. Neither pulls your credit until you say so.