Vaughan Real Estate Market Update: Only 115 Townhomes Left
When July closed, there were 115 freehold townhouses left on the market in all of Vaughan. The kind with no condo fee. A hundred and fifteen, in the whole city. And semis were worse: forty.
I keep coming back to those two numbers, because they explain this month better than anything else does. Both are month-end counts, so they are what was left standing on July 31st, not the choice buyers had all month.
Vaughan – New listings down 27.2% YoY
This Vaughan real estate market update covers July 2026, and prices did drop again. You have probably seen that headline somewhere. What nobody is saying out loud is that the room you had to negotiate on those prices dropped with them. New listings across Vaughan fell 27.2% from last July, which is a much sharper pullback than the 8.2% slide in the median price
Below you will find the full July 2026 numbers straight from the TRREB Market Watch report, broken out by every type of home: detached, semi-detached, freehold townhouses, condo townhouses and condo apartments. You will also see months of inventory for each one, average sale price by Vaughan community, and where the Bank of Canada rate sits after its sixth straight hold
Read on for more!
If you would rather talk it through than read it, you can always get in touch or browse what is currently for sale in Vaughan. And if you want to see how this compares to where we were a month ago, here is last month’s Vaughan market update.
The short version: 272 homes sold, up 1.9% from last July. The median came in at $1,065,000, down 8.2%. But new listings fell 27.2%, so supply pulled back almost three times harder than prices did. Freehold townhouses and semis have flipped to sellers' markets, with only 115 and 40 left on the market when the month closed. Condos still favour buyers. Where you stand depends entirely on what you're buying.
Prices Dropped. So Did Your Room to Negotiate.
Sales were down 18% from June. Ignore that one. July's always quieter than June, every single year. Kids are off, people are at the cottage. The number that isn't seasonal is supply.
Vaughan had 647 new listings in July. Last July it had 889. Sellers walked away from this market faster than buyers did, and that's really the whole story.
Quick note on the price numbers, because people mix these two up all the time. The median is the middle price, so half of Vaughan sold above it and half below. The average gets pulled around by a handful of big sales at the top. When I quote a number I lean on the median, because it's closer to what a normal family actually paid.
There's also a price index that controls for which homes happened to sell in a given month, so a few expensive detached sales can't skew the whole thing. It's the more honest measure, and it has Vaughan down about 5.5% on the year, not 9%. So it's softer, yes. Just not as soft as the headline makes it sound.
Here's the part I find genuinely interesting. Every month of 2026 sits in a narrow band between $1,065,000 and $1,116,000. Over the same four months last year, prices swung from $1,264,000 down to $1,152,000. 2026 has been the steadier year, just at a lower level. Steady isn't what a falling market looks like.
How Does Vaughan Compare to the Rest of the GTA?
Vaughan held up better than the region on almost everything that matters this month.
Vaughan's median runs about $205,000 above the GTA median. What I take from the rest of it is pretty simple: Vaughan picked up buyers while the region was losing them, and we lost sellers faster than anybody. That's a tighter market than the price headlines are telling you.
One Vaughan Number Hides Five Different Markets
The city average is the wrong number for almost everybody. Here's what actually happened in each type of home.
🏠 Detached
Balanced124 sold, basically level with last July. Median $1,392,500, down 9.8%. Twenty nine days to sell at 96% of asking. Now here's the part I'd want to know if it were my house. The benchmark index for detached is down 5.55%, not 9.8%. So roughly half that drop is real softening in value, and the other half is buyers reaching for a smaller or older home than they'd have bought last year. Those are two completely different problems, and they need two different pricing conversations.
🏡 Freehold Townhomes
🔥 Tightest in the city50 sold, up 28% from June, while the number sitting on the market dropped 20% in one month. That's what left only 115 on the market in the whole city when July closed. Sellers got 99% of asking, basically full price. This is the only corner of Vaughan that grew both against last month and against last year. If you own one and you've been waiting for the competition to thin out before you list, I mean, it just did.
🏢 Condo Apartments
Most buyer roomBest sales growth in the city, up 9% on the year, median around $545,000. And month to month, prices basically didn't move, down less than 1%. After two years of sliding, flat is news. That's what a floor starts to look like. But I'm not going to tell you it's all good. It takes 46 days to sell here, the slowest of anything in Vaughan. Get the price right in the first week, because this isn't the segment where you throw a number out and adjust later. You'll just sit.
🏚 Semi-Detached
Sellers' marketIf you thought 115 was thin, only 40 semi-detached homes were left on the market in the entire city when July ended. New listings got cut in half from last July, 49 down to 24, and that is how you end up at forty. They're moving in 26 days now, about a week faster than June. The median is still down 9.5% on the year, so pricing is soft. But with that little inventory, a well prepared semi shouldn't be sitting long. Between semis and freehold towns, these are the two places where a buyer's negotiating room has basically vanished.
🏗 Condo Townhomes
Read with careOnly 8 sold. The median technically rose 5.8%, and I could absolutely put that in a headline and call it a recovery. But with 8 sales that's just which 8 homes happened to close, and I'm not going to sell it to you as a trend. The real signal is the townhouse benchmark index, down 11.28% on the year, the weakest of any home type here. Which, if you're a patient buyer, also makes it the most negotiable thing in the city.
Is Vaughan a Buyer's Market or a Seller's Market?
The way I answer that is months of inventory, and honestly it's my favourite number in the whole report. Take everything that's for sale, divide it by how fast things are selling, and you get how long it would take to clear the shelf if nobody listed another home. Under 4 months, sellers have the edge. 4 to 5 is balanced. Over 5, buyers do.
Same city, same month, and the answer flips completely depending on the kind of home you're talking about. So the next time somebody tells you it's a buyer's market in Vaughan, the fair question back is: in what?
Vaughan Home Prices by Community, July 2026
Six communities sold above the Vaughan average of $1,144,631. Fourteen sold below it. Top to bottom is a 3.4 times spread, which is why a city average is the wrong number for anyone's actual house.
Islington Woods and Kleinburg both averaged over $1.7 million last month. Vellore Village and Maple both landed right around the $1 million mark. And one thing somebody asks me about every single month: Concord and Vaughan Corporate Centre look low on this list because they're mostly condo districts. That's the type of home being sold, not the value of the land.
Community figures come from HabiStat and cover 257 Vaughan sales, a slightly different pool than the TRREB citywide numbers. Same month.
Four Numbers Behind the Housing Numbers
So the money side of things has gone quiet, in a good way. Borrowing costs stopped moving, inflation is back near target, and jobs improved. None of that shows up in July's prices though, because the deals that closed in July were negotiated back in June. Whatever the rate news does, you see it here a month or two later, not now.
What This Means for You
- If you're buying: your negotiating room hasn't gone anywhere, it's just moved. It's in condo apartments (6.4 months) and condo townhomes (8.4). It's basically gone in freehold towns (2.3) and semis (2.4). With 115 freehold towns and 40 semis left at month end, don't take three weeks to decide on those.
- If you're selling a townhouse or a semi: you've got the least competition you've had in years. That's the strongest position anyone in Vaughan is holding right now.
- If you're selling detached: the median's down almost 10%. Price to what's actually selling right now, not to what your neighbour got in 2025. That's the most common mistake I'm running into at the moment.
- If you're investing: condo apartments give you the lowest entry point in the city at a $545,000 median and the most price relief, but the slowest absorption, meaning they take the longest to sell when you want out. Freehold townhomes are the opposite trade.
My honest read. Prices softened again in July and there's no point sugar-coating that. But listings fell 27% while slightly more buyers showed up, and TRREB itself now says prices could level off in the second half of 2026. Those 115 townhouses and 40 semis still standing at month end are what that looks like on the ground. Nothing here says rush. It just says pay attention.
Let's Talk About Your Next Move
Call or text me and I'll give you a straight read on what July's numbers mean for your street, your type of home, and your timeline. I answer my own phone, there's never any pressure, and it's just a neighbourly conversation.
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Vaughan Real Estate, Frequently Asked
Sources: TRREB Market Watch, July 2026 and July 2025 (citywide and home-type); MLS Home Price Index; HabiStat (community-level, 257 Vaughan sales); Bank of Canada; Statistics Canada. All figures in CAD. Year-over-year compares July 2025, month-over-month compares June 2026. Active listing counts are month-end snapshots: they are what remained unsold on the last day of the month, not the total number of homes that came to market during it.
For information only. Not financial or legal advice. Every situation is different, so talk to a licensed broker before you make a move.