Vaughan Freehold Market Report - Sep 2020

Vaughan Freehold Market Report - Sep 2020

In Sep 2020, the freehold housing market of Vaughan remains as a seller's markets.

The average price of the freehold town, Semi and link houses is similar as the previous month, now $939K. The number of sold units decreases by 21% month on month while new listings decreases by 14%. It will cost 13% more to purchase this type of house over the same period last year.

The average price of detached was up 2% in Sep 2020. Approximately 65% of total freehold units sold in Vaughan last month are Detached houses. Now if you plan to buy a detached house in Vaughan, you will need to spend on average $1.26M. In traditional months of autumns, the market will become slower as both new listings and sales will drop in the following months. But this year the demand will be steady because many buyers choose to purchase freehold houses in the suburban area instead of a condominium in the downtown core due to 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 647-877-9311.