Vaughan Freehold Market Report - Oct 2020

Vaughan Freehold Market Report - Oct 2020

Vaughan Freehold Market Report - Oct 2020

In Oct 2020, Vaughan's freehold housing market remains a strong seller's market in the Great Toronto Area. The average price of all segments of freehold houses experiences growth for the past one month.

The average price of the freehold town, Semi, and link houses is up 7% from the previous month. The number of units sold declined by 10%, while new listings contracted by 24%. The shortage of supplies was one of the main drives of price increase in the past month.

The average price of detached was up 6% in Oct2020. Approximately 67% of total freehold units sold in Vaughan last month are Detached houses. Last month, some expensive detached homes were sold in Vaughan, pushing the average price much higher. With the winter months coming, the market will become slower as new listings and sold listings will decrease in the following months. But the price will remain steady, given many buyers moving away from the downtown core to seek a more spacious and safer dwelling due to the COV-19 pandemic.

If you plan to move to Vaughan or you want to learn more about real estate investment opportunities in Markham, please contact Alan Zheng at 647-877-9311.