Ajax market report · May 2025
Ajax housing market: May 2025
Ajax housing market in May 2025: $895,804 average sale price (down 10.7% year over year), 123 homes sold, 2.4 months of supply — a balanced market. Figures from the Toronto Regional Real Estate Board.
What happened in Ajax in May 2025
Ajax recorded 123 sales in May 2025, 6.8% fewer than the same month a year earlier. Sellers brought 300 new listings to market, leaving 326 properties in inventory — 48.9% more than a year ago. At the month's pace of sales that is 2.4 months of supply, which puts Ajax in a balanced market. 45% of the month's new listings sold.
The average sale price across all property types was $895,804, down 10.7% year over year and down 5.3% on the month. Detached homes averaged $981,444 against $566,950 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 May 2025
By property type
| Type | Average sale price | YoY | Sold | New listings | Inventory |
|---|---|---|---|---|---|
| Detached | $981,444 | -12.3% | 70 | 192 | 199 |
| Semi-detached | $845,572 | -6.9% | 7 | 19 | 22 |
| Row / townhouse | $819,103 | -4.3% | 30 | 48 | 54 |
| Apartment | $566,950 | +0.3% | 6 | 17 | 23 |
| All types | $895,804 | -10.7% | 123 | 300 | 326 |
Source: the Toronto Regional Real Estate Board, Ajax, May 2025.
What this means if you're buying in Ajax
Market conditions shape the negotiation; your income, debts and the stress test decide what you can actually borrow. In a market this tight the practical risk is being pushed to write without a financing condition. That is a genuine gamble — if the appraisal comes in low or an underwriter questions something, the deposit is at stake. The way to compete safely is to have the file fully underwritten in advance, so a short condition is a formality rather than a hope. A pre-approval that is just a rate hold does not achieve this; a properly underwritten one does.
Read the full Ajax area guide, compare it with the wider GTA market, or run your numbers and start an application.
Buying in Ajax?
Get a real pre-approval before you shop — it's the difference between a budget and a guess.