Source: TRREB MarketWatch, August 2022

9 areas

York Region

August 2022

Headline indicators

All home types

Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.

$1,265,628

MoM −$9,283 −0.7% YoY −1.9%

Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.

$1,170,000

MoM +$1,500 +0.1% YoY −2.5%

MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.

$1,338,100

MoM −$35,900 −2.6% YoY +11.5%

Sales — Firm transactions reported through the MLS® System during the month.

1,063

MoM +243 +29.6% YoY −34.4%

Dollar volume — Total value of all sales in the month.

$1.35B

MoM +$299,935,459 +28.7% YoY −35.7%

New listings — Properties newly listed during the month.

1,785

MoM −237 −11.7% YoY −9.2%

Active listings — Listings available at month end.

2,315

MoM −459 −16.5% YoY +42.6%

Avg. LDOM — Average days on market for the current listing. Not reported before 2020.

MoM +3 days +15.0% YoY +35.3%

Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.

MoM +5 days +16.1% YoY +56.5%

Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.

98%

MoM no change YoY −6.7%

SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.

59.5%

MoM +19.0 pp +46.8% YoY −27.7%

Months of inventory — Active listings divided by monthly sales — how long the current stock would take to sell. Computed here, not TRREB’s trend figure.

2.2

MoM −1 −35.6% YoY +117.4%

Trend

13 months to August 2022

Average price

York Region average selling price over the 13 months ending August 2022.
Month	Average price
Aug '21	1290651
Sep '21	1359010
Oct '21	1376939
Nov '21	1394713
Dec '21	1425366
Jan '22	1519583
Feb '22	1587603
Mar '22	1515897
Apr '22	1426650
May '22	1369657
Jun '22	1307857
Jul '22	1274911
Aug '22	1265628

Sales

York Region sales over the 13 months ending August 2022.
Month	Sales
Aug '21	1620
Sep '21	1695
Oct '21	1834
Nov '21	1583
Dec '21	1051
Jan '22	920
Feb '22	1661
Mar '22	1921
Apr '22	1230
May '22	1100
Jun '22	1011
Jul '22	820
Aug '22	1063

By home type

Home type	Sales	MoM	Average	MoM	Median	SNLR	MOI
All home types	1,063	+243 +29.6% up 243, 29.6% versus July 2022	$1,265,628	−$9,283 −0.7% down $9,283, 0.7% versus July 2022	$1,170,000	59.5%	2.2
Detached	568	+125 +28.2% up 125, 28.2% versus July 2022	$1,579,540	−$1,035 −0.1% down $1,035, 0.1% versus July 2022	$1,475,000	57.8%	2.3
Semi-detached	80	+15 +23.1% up 15, 23.1% versus July 2022	$1,047,822	−$4,975 −0.5% down $4,975, 0.5% versus July 2022	$1,073,500	72.7%	1.1
Att/row/townhouse	158	+42 +36.2% up 42, 36.2% versus July 2022	$1,104,043	+$508 +0.0% up $508, 0.0% versus July 2022	$1,071,000	81.9%	1.2
Condo townhouse	51	+10 +24.4% up 10, 24.4% versus July 2022	$842,529	−$62,728 −6.9% down $62,728, 6.9% versus July 2022	$818,000	48.6%	2.7
Condo apartment	192	+47 +32.4% up 47, 32.4% versus July 2022	$680,434	−$7,409 −1.1% down $7,409, 1.1% versus July 2022	$657,500	50.5%	2.9
Link	14	+4 +40.0% up 4, 40.0% versus July 2022	$1,164,771	−$28,979 −2.4% down $28,979, 2.4% versus July 2022	$1,155,000	107.7%	0.4
Co-op apartment	0	n/a not available, prior month not on file versus July 2022	$333,764	n/a not available, prior month not on file versus July 2022	$333,764	—	—

MLS® Home Price Index

Category	Index	Benchmark	YoY
Composite	364.1	$1,338,100	+11.5% up 11.5%
Single-family detached	367.2	$1,617,200	+9.1% up 9.1%
Single-family attached	386.5	$1,165,700	+13.3% up 13.3%
Townhouse	361.7	$924,600	+15.4% up 15.4%
Apartment	339.9	$715,800	+20.8% up 20.8%

Movers within York Region

Minimum 10 sales to qualify

Average price, month-over-month

Top 5

King +30.1% up 30.1%
East Gwillimbury +10.0% up 10.0%
Whitchurch-Stouffville +6.8% up 6.8%
Markham +3.2% up 3.2%
Georgina −0.1% down 0.1%

Bottom 5

Aurora −13.2% down 13.2%
Newmarket −6.7% down 6.7%
Richmond Hill −5.2% down 5.2%
Vaughan −0.9% down 0.9%
Georgina −0.1% down 0.1%

Sales, month-over-month

Top 5

East Gwillimbury +61.5% up 61.5%
Georgina +51.2% up 51.2%
Aurora +32.3% up 32.3%
Vaughan +32.0% up 32.0%
Richmond Hill +28.1% up 28.1%

Bottom 5

Newmarket +17.6% up 17.6%
King +20.0% up 20.0%
Markham +25.0% up 25.0%
Whitchurch-Stouffville +26.2% up 26.2%
Richmond Hill +28.1% up 28.1%

York Region

King focus

King, York Region

$2,164,576

+$500,530 +30.1% up $500,530, 30.1% versus July 2022

Sales: 24
SP/LP: 91%
DOM: 23
SNLR: 30.4%

Full history →

Richmond Hill focus

Richmond Hill, York Region

$1,367,394

−$75,661 −5.2% down $75,661, 5.2% versus July 2022

Sales: 187
SP/LP: 100%
DOM: 26
SNLR: 60.3%

Full history →

Whitchurch-Stouffville focus

Whitchurch-Stouffville, York Region

$1,341,849

+$85,510 +6.8% up $85,510, 6.8% versus July 2022

Sales: 53
SP/LP: 97%
DOM: 21
SNLR: 47.8%

Full history →

East Gwillimbury focus

East Gwillimbury, York Region

$1,276,964

+$116,391 +10.0% up $116,391, 10.0% versus July 2022

Sales: 42
SP/LP: 99%
DOM: 24
SNLR: 47.2%

Full history →

Vaughan focus

Vaughan, York Region

$1,274,395

−$11,465 −0.9% down $11,465, 0.9% versus July 2022

Sales: 260
SP/LP: 97%
DOM: 23
SNLR: 58.7%

Full history →

Markham focus

Markham, York Region

$1,273,428

+$39,916 +3.2% up $39,916, 3.2% versus July 2022

Sales: 270
SP/LP: 101%
DOM: 21
SNLR: 66.0%

Full history →

Aurora focus

Aurora, York Region

$1,191,194

−$180,364 −13.2% down $180,364, 13.2% versus July 2022

Sales: 82
SP/LP: 97%
DOM: 23
SNLR: 77.4%

Full history →

Newmarket focus

Newmarket, York Region

$1,051,080

−$75,586 −6.7% down $75,586, 6.7% versus July 2022

Sales: 80
SP/LP: 97%
DOM: 21
SNLR: 66.7%

Full history →

Georgina focus

Georgina, York Region

$861,952

−$1,211 −0.1% down $1,211, 0.1% versus July 2022

Sales: 65
SP/LP: 97%
DOM: 22
SNLR: 55.1%

Full history →

All York Region areas

Home type

9 areas

Area	Sales	MoM	$ volume	Average	MoM	Median	New	Active	SP/LP	LDOM	PDOM	SNLR	MOI
King focus King, York Region	24	+4 +20.0% up 4, 20.0% versus July 2022	$51.9M	$2,164,576	+$500,530 +30.1% up $500,530, 30.1% versus July 2022	$1,825,000	79	125	91%	23	54	30.4%	5.2
Richmond Hill focus Richmond Hill, York Region	187	+41 +28.1% up 41, 28.1% versus July 2022	$255.7M	$1,367,394	−$75,661 −5.2% down $75,661, 5.2% versus July 2022	$1,300,000	310	436	100%	26	42	60.3%	2.3
Whitchurch-Stouffville focus Whitchurch-Stouffville, York Region	53	+11 +26.2% up 11, 26.2% versus July 2022	$71.1M	$1,341,849	+$85,510 +6.8% up $85,510, 6.8% versus July 2022	$1,288,888	111	155	97%	21	38	47.8%	2.9
East Gwillimbury focus East Gwillimbury, York Region	42	+16 +61.5% up 16, 61.5% versus July 2022	$53.6M	$1,276,964	+$116,391 +10.0% up $116,391, 10.0% versus July 2022	$1,162,500	89	105	99%	24	35	47.2%	2.5
Vaughan focus Vaughan, York Region	260	+63 +32.0% up 63, 32.0% versus July 2022	$331.3M	$1,274,395	−$11,465 −0.9% down $11,465, 0.9% versus July 2022	$1,203,000	443	657	97%	23	37	58.7%	2.5
Markham focus Markham, York Region	270	+54 +25.0% up 54, 25.0% versus July 2022	$343.8M	$1,273,428	+$39,916 +3.2% up $39,916, 3.2% versus July 2022	$1,215,500	409	431	101%	21	29	66.0%	1.6
Aurora focus Aurora, York Region	82	+20 +32.3% up 20, 32.3% versus July 2022	$97.7M	$1,191,194	−$180,364 −13.2% down $180,364, 13.2% versus July 2022	$1,071,000	106	125	97%	23	35	77.4%	1.5
Newmarket focus Newmarket, York Region	80	+12 +17.6% up 12, 17.6% versus July 2022	$84.1M	$1,051,080	−$75,586 −6.7% down $75,586, 6.7% versus July 2022	$964,000	120	126	97%	21	33	66.7%	1.6
Georgina focus Georgina, York Region	65	+22 +51.2% up 22, 51.2% versus July 2022	$56.0M	$861,952	−$1,211 −0.1% down $1,211, 0.1% versus July 2022	$840,000	118	155	97%	22	40	55.1%	2.4