Vaughan Freehold Market Report - Nov 2020
In Nov 2020, Vaughan's freehold housing market remains a strong seller's market in the Great Toronto Area.
The freehold attached houses' average price, including town, semi, and link houses, was unchanged compared with the previous month, now $930K. The number of units sold declined by 23% due to fewer stocks in the winter months as new listings contracted by 21%. This segment of housing is currently a very hot seller's market.
The average price of detached houses was down by about 6% in Nov 2020. Approximately 64% of total freehold units sold in Vaughan last month are Detached houses. If you plan to buy a detached house in Vaughan, you will need to spend an average of $1.45M. As the market entered into the winter months, both new listings and sold listings drop. Given the new listings dropped by 34%, the detached housing market price will remain strong. With the news that the COV-19 vaccine will be rolled out in Canada early next year, and many pending immigrants will finally land in Toronto, we expect a solid sellers’ market next spring.
If you plan to move to Vaughan or you want to learn more about real estate investment opportunities in Markham, please contact Vaughan Real Estate Agent Alan Zheng at 647-877-9311.
- 183 Willowdale Ave
Toronto, ON, M2N 4Y9, Canada - 647-877-9311
- alan@mycanadahome.ca
- www.mycanadahome.com