By Shawn Zigelstein, Broker and Team Leader, Team Zold · Royal LePage Signature Realty
Published September 2026
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 rose from 32.3% to 36.8%, a gain of 4.5 percentage points, the second-largest improvement in York Region behind only Markham's 4.7. That tightening came entirely from the supply side, because sales themselves were actually down 7.6%.
How Did Vaughan Real Estate Change Year Over Year in August 2026?
Let's start with the headline comparison. Vaughan recorded 242 sales in August 2026, down from 262 a year earlier. That's 20 fewer transactions. Dollar volume dropped accordingly, from $317.3 million to $298.8 million. On the surface, this looks like a quieter market. But look at the supply numbers and the picture shifts. New listings fell 12.0% to 593, and active listings dropped 10.5% to 1,198. Fewer homes came to market, fewer homes sat available, and that compression pushed the SNLR up by 4.5 percentage points even though fewer buyers were transacting.
| Metric | Aug 2026 | Aug 2025 | Change |
|---|---|---|---|
| Sales | 242 | 262 | -7.6% |
| Dollar Volume | $298,811,531 | $317,269,396 | -5.8% |
| Average Price | $1,234,758 | $1,210,952 | +2.0% |
| Median Price | $1,148,750 | $1,180,000 | -2.6% |
| New Listings | 593 | 674 | -12.0% |
| SNLR | 36.8% | 32.3% | +4.5 pts |
| Active Listings | 1,198 | 1,338 | -10.5% |
| Months of Inventory | 4.9 | 4.9 | 0 |
| Sale-to-List Price Ratio | 97% | 97% | 0 |
| Avg Days on Market | 33 | 33 | 0 |
Source: TRREB Market Watch, August 2025 & August 2026
A few things stand out here. The sale-to-list price ratio held at 97%, and the average days on market stayed at 33. Those are identical to last year. Buyers aren't lowballing, and homes aren't sitting longer. The months of inventory also held flat at 4.9, which means the pace of absorption hasn't changed much despite fewer transactions. Vaughan remains York Region's second-largest market by sales volume after Markham, and the structural dynamics here, shrinking supply paired with steady absorption, are the story worth paying attention to.
What Happened by Property Type in Vaughan This August?
When one high-end category like detached homes sees solid volume growth and price gains while other segments slip, it shifts the math. Detached homes averaged $1,671,824 (up 4.2% year over year across 122 sales), whereas most other segments declined. Semi-detached averages fell 7.9% to $1,010,714. Freehold townhouses dropped 5.6% to $1,055,000. Condo townhouses slipped 4.1% to $774,669. Only condo apartments managed a small gain, up 0.7% to $607,650. The median tells an even sharper story across the board.
Average Sold Price by Property Type
| Property Type | Aug 2026 Avg | Aug 2025 Avg | YoY Change | SP/LP |
|---|---|---|---|---|
| Detached | $1,671,824 | $1,604,602 | +4.2% | 96% |
| Semi-Detached | $1,010,714 | $1,097,917 | -7.9% | 95% |
| Freehold Townhouse | $1,055,000 | $1,117,958 | -5.6% | 98% |
| Condo Townhouse | $774,669 | $807,500 | -4.1% | 98% |
| Condo Apartment | $607,650 | $603,366 | +0.7% | 96% |
Median Sold Price by Property Type
| Property Type | Aug 2026 Median | Aug 2025 Median | YoY Change | Sales |
|---|---|---|---|---|
| Detached | $1,425,000 | $1,426,500 | -0.1% | 122 |
| Semi-Detached | $1,022,500 | $1,052,500 | -2.9% | 14 |
| Freehold Townhouse | $1,005,000 | $1,124,000 | -10.6% | 31 |
| Condo Townhouse | $715,000 | $790,000 | -9.5% | 9 |
| Condo Apartment | $525,000 | $554,000 | -5.2% | 63 |
Source: TRREB Market Watch, August 2025 & August 2026
The freehold townhouse segment deserves a closer look. The median dropped 10.6%, from $1,124,000 to $1,005,000, the sharpest decline of any Vaughan property type. Sales volume also shifted, though for semi-detached and condo townhouse segments, sample sizes of 14 and 9 sales respectively mean you have to view month-to-month fluctuations with proper context.
What Has Vaughan Real Estate Done Over the Past 12 Months?
Pull back to the full year view and you can see a clear trajectory. Vaughan's SNLR has been climbing steadily since December 2025, when it sat at 31.5%. Every single month since then has posted a higher ratio, rising through 31.6% in January, 32.1% in February, 32.8% in March, and accelerating through spring and summer to reach 36.8% in August.
| Month | Avg Price | Sales | SNLR | MOI |
|---|---|---|---|---|
| August 2026 | $1,234,758 | 242 | 36.8% | 4.9 |
| July 2026 | $1,144,631 | 272 | 36.7% | 4.9 |
| June 2026 | $1,185,018 | 333 | 35.5% | 4.9 |
| May 2026 | $1,179,718 | 313 | 34.7% | 5.1 |
| April 2026 | $1,169,382 | 257 | 33.3% | 5.3 |
| March 2026 | $1,184,383 | 242 | 32.8% | 5.3 |
| February 2026 | $1,140,088 | 197 | 32.1% | 5.4 |
| January 2026 | $1,024,048 | 146 | 31.6% | 5.4 |
| December 2025 | $1,170,058 | 194 | 31.5% | 5.3 |
| November 2025 | $1,194,793 | 231 | 31.7% | 5.2 |
| October 2025 | $1,214,375 | 293 | 32.4% | 5.0 |
| September 2025 | $1,163,498 | 260 | 32.6% | 4.9 |
Source: TRREB Market Watch, September 2025 – August 2026
Months of inventory tells its own story. It peaked at 5.4 in January and February, dipped gradually through spring, and has now settled at 4.9 for three consecutive months: June, July, and August. That plateau suggests the market has found a temporary equilibrium. Supply is contracting, but not fast enough to push MOI materially lower. We'd need to see either a meaningful pickup in sales or a sharper drop in new listings to break below that 4.9 threshold. Sales volume peaked at 333 in June, the busiest month of the year so far, and has declined since, reflecting typical seasonal behavior.
How Did Vaughan's August Compare to July 2026?
Month over month, August's numbers looked like a market that pulled back on volume but held firm on price. Sales fell 11.0% from July's 272 to 242. New listings dropped 8.3%, from 647 to 593. Active listings tightened from 1,277 to 1,198, a 6.2% decline. All of that is consistent with a normal August slowdown, with families finishing vacations and fewer sellers listing before Labour Day.
| Metric | Jul 2026 | Aug 2026 | Change |
|---|---|---|---|
| Sales | 272 | 242 | -11.0% |
| Average Price | $1,144,631 | $1,234,758 | +7.9% |
| Median Price | $1,065,000 | $1,148,750 | +7.9% |
| New Listings | 647 | 593 | -8.3% |
| Active Listings | 1,277 | 1,198 | -6.2% |
| SNLR | 36.7% | 36.8% | +0.1 pts |
| Months of Inventory | 4.9 | 4.9 | 0 |
Source: TRREB Market Watch, July 2026 & August 2026
The surprise was in price. The average jumped 7.9% month over month, from $1,144,631 to $1,234,758. The median also climbed 7.9%, from $1,065,000 to $1,148,750. That kind of monthly price gain usually signals a change in mix rather than a sudden acceleration in underlying values, and that's exactly what happened here: July had proportionally more activity in lower-priced segments, while August saw detached homes reclaim their usual share.
The SNLR barely moved, from 36.7% to 36.8%, and months of inventory held at 4.9. These two metrics reinforcing each other at essentially the same level for two straight months tells you the market isn't accelerating or decelerating right now—it's holding position. For a full breakdown of last month's numbers, take a look at our Vaughan July 2026 Market Update.
What This Means Heading into September 2026
What Should Vaughan Sellers Do Right Now?
If you're selling a detached home in Vaughan, the numbers are on your side. Detached averages are up 4.2% year over year, and that segment is absorbing the largest share of buyer demand. Price it right and you'll find a buyer. The 96% sale-to-list ratio means there isn't much room for aspirational pricing, but you shouldn't need to give anything away either. The homes that sell in this market are the ones priced within a few percent of where the comps actually closed. Overprice and you'll sit; price it where it should be and it moves in about a month.
If you're selling a freehold townhouse, the conversation is harder. The median in that segment dropped more than $119,000 year over year, and sales volume fell 35%. That doesn't mean you can't sell; it means you need to price to where the market is today, not where it was in 2025. Buyers in that range have more options and more time, and they know it. Across all property types, the 97% sale-to-list ratio and 33-day average time on market haven't changed in a year, proving the market is remarkably consistent when homes are accurately valued.
Is This a Good Time to Buy in Vaughan?
For buyers, the picture depends heavily on what you're targeting. Freehold townhouse and condo townhouse buyers have more leverage today than they did a year ago, with median prices down 10.6% and 9.5% respectively. Those are real savings on real homes. With 1,198 active listings in Vaughan, you have choice, and 4.9 months of inventory means you have time to be selective.
Detached buyers are in a tighter spot. Prices are up, the segment is the most competitive in Vaughan, and the SNLR has been climbing steadily for nine months. You're not in a bidding war environment—the 96% sale-to-list ratio confirms that—but the window of softer pricing in the detached market appears to be closing gradually. If you've been waiting for a further pullback, the data isn't supporting that expectation. Condo apartment buyers should know that while the average held steady year over year, the median dropped to $525,000, and with 63 sales in a single month, there is steady ongoing demand at the affordable end.
What to Watch in September 2026
First, watch new listings as September brings the post-Labour Day market back online to see if supply stays suppressed or expands. Second, watch the trajectory of active inventory and whether months of inventory breaks below 4.9. Third, watch freehold townhouse prices closely; the 10.6% median decline is the sharpest of any Vaughan segment, and whether that stabilizes will dictate options for families in that price bracket.