Vaughan market report · December 2024
Vaughan housing market: December 2024
Vaughan housing market in December 2024: $1,249,702 average sale price (down 1.2% year over year), 170 homes sold, 3.5 months of supply — a balanced market. Figures from the Toronto Regional Real Estate Board.
What happened in Vaughan in December 2024
Vaughan recorded 170 sales in December 2024, 5.6% more than the same month a year earlier. Sellers brought 210 new listings to market, leaving 725 properties in inventory — 36.5% more than a year ago. At the month's pace of sales that is 3.5 months of supply, which puts Vaughan in a balanced market. 40% of the month's new listings sold.
The average sale price across all property types was $1,249,702, down 1.2% year over year and up 1.3% on the month. Detached homes averaged $1,697,111 against $653,378 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 December 2024
By property type
| Type | Average sale price | YoY | Sold | New listings | Inventory |
|---|---|---|---|---|---|
| Detached | $1,697,111 | -3.9% | 79 | 76 | 270 |
| Semi-detached | $1,157,529 | +4.6% | 7 | 9 | 18 |
| Row / townhouse | $1,186,200 | +7.2% | 24 | 33 | 74 |
| Apartment | $653,378 | -1.5% | 49 | 75 | 326 |
| All types | $1,249,702 | -1.2% | 170 | 210 | 725 |
Source: the Toronto Regional Real Estate Board, Vaughan, December 2024.
What this means if you're buying in Vaughan
Market conditions shape the negotiation; your income, debts and the stress test decide what you can actually borrow. Detached purchases here routinely exceed $1.5 million, which puts them outside insured financing entirely — 20% down minimum, no insurance premium, and a smaller set of lenders. Buyers moving up from a first home also hit the timing problem: if your purchase closes before your sale, you need bridge financing, which requires a firm sale agreement on the property you are selling. Sorting the closing dates and the bridge at offer stage is much easier than solving it two weeks out.
Read the full Vaughan area guide, compare it with the wider GTA market, or run your numbers and start an application.
Buying in Vaughan?
Get a real pre-approval before you shop — it's the difference between a budget and a guess.