Over the past 12 months, the average sold price in Vaughan has shown noticeable fluctuations. While earlier periods recorded average prices in the range of US$1.25M to US$1.34M, the most recent month (January 2025) saw a drop to approximately US$1.11M. When comparing January 2025 with January 2024 (around US$1.25M), there is a clear year-over-year decline, suggesting a cooling price trend in the short term despite a strong long-term performance—with 5 and 10-year increases at about 39.7% and 93.2% respectively. This divergence between benchmark and short-term averages signals that while underlying market fundamentals are robust, current market conditions might be experiencing seasonal or short-term adjustments reflected in the HPI index and Benchmark prices nearing US$1.32M.

Read the full article on: Toronto Regional Real Estate Board