Richmond Hill vs Markham: 2026 Home Prices, Neighbourhoods and Commutes
Compare Richmond Hill and Markham home prices, neighbourhoods, schools and GO commutes using August 2026 market figures.
Compare Richmond Hill and Markham home prices, neighbourhoods, schools and GO commutes using August 2026 market figures.
Newmarket is the cheaper of the two on average, $1,048,321 against Aurora's $1,105,004 in August 2026, and the gap is much wider on detached homes, where Aurora's $1,467,448 average runs $321,395 above Newmarket's $1,146,053. Those averages reflect the mix of homes that sold, so they are not like-for-like measures of individual home values. Start with Newmarket real estate if the lower detached average suits your budget, or Aurora real estate if its housing and shorter scheduled train exampl...
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Vaughan's real estate market moved in two directions this August. The average sale price climbed 2.0% year over year to $1,234,758, but the median price actually fell 2.6% to $1,148,750. That gap tells you something important about where buyers were spending their money. Detached homes, which accounted for half of all sales, saw their average jump 4.2%, and that higher-priced mix pulled the overall average upward even as most other segments slipped. Meanwhile, the sales-to-new-listings ratio...
Markham's sales-to-new-listings ratio crossed 40%, the line TRREB uses to separate a buyer's market from a balanced one. It is the first municipality in York Region to get there, and it did not get there because of a sales surge. It got there because supply keeps thinning out while buyers keep showing up. That same pattern played out across the region at different speeds, pushing the overall SNLR to 35.8%, its eighth straight monthly increase.
The sales-to-new-listings ratio hit 40.3% this month—marking the first time any municipality in York Region has touched that 40% threshold in over two years. Total sales jumped 17.5% compared to last August while new listings dropped 8%, pulling active inventory below 1,100 homes for the first time since the spring of 2023. We saw the average price land at $1,208,692, up 6.4% year over year, while the median barely budged. There's a very specific reason why those two numbers diverged, and it...
Newmarket had a quietly strong August. The average sale price hit $1,048,321, which is up 5.3% from last year and marks the second consecutive month above the million-dollar line. The median landed at exactly $1,000,000 for the first time in months. And those numbers arrived on the exact same sales volume as last August: 83 transactions, identical to August 2025. These price gains aren't being inflated by a spike in luxury sales or a sudden rush of activity; they're the product of steady, or...
Active listings plunged 15.4% compared to last August—the sharpest drop in available homes anywhere in York Region. Under normal conditions, a drop in supply that steep would start pushing the market back toward sellers. But right now, it hasn't. Our Sales-to-New-Listings Ratio (SNLR) sat at 33.1%, keeping Richmond Hill firmly in buyer's market territory—well below the 40% threshold that signals a balanced market. On top of that, Months of Inventory (MOI) stayed locked at 5.6 months for the ...
If you look only at the top-line numbers, Aurora's August data looks severe. The average sale price fell 18.7% year over year, the sharpest drop in York Region. But Aurora is a market built on a smaller monthly sample, and when volume sits around 50 transactions, a shift in product mix can easily swing the averages by six figures in either direction. The headline tells one story; the actual mechanics of the market tell another.
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