According to the latest data from the Toronto Regional Real Estate Board (TRREB), these York Region communities are experiencing a significant rise in active listings paired with cooling home prices—offering a golden window of opportunity for buyers with equity or pre-approvals in place.
📉 Newmarket: Price Drops & Surging Supply
Newmarket experienced the steepest price drop in York Region, with the MLS Home Price Index showing an 8.43% year-over-year decline. The benchmark price now sits at $1,101,700, down from May 2024’s average of $1,173,306. The average home now sells for $1,083,258, a nearly $100,000 reduction in just one year.
Inventory is rising fast:
- 397 active listings in May, up from 340 in April and significantly higher than May 2024’s 253.
- 324 new listings were added last month alone.
- However, buyer activity hasn’t kept up, with just 85 homes sold in May, down from 93 a year ago.
🏘 Aurora: Spoiled for Choice, But Sales Lag Behind
Aurora mirrors Newmarket’s trend—rising inventory and softening prices.
- 317 active listings in May (up from 273 in April, and 228 in May 2024).
- 236 new listings last month.
- Yet, only 62 properties sold, a modest increase from April but below May 2024’s 73 sales.
Prices in Aurora also saw notable declines:
- Average price dropped to $1,260,556, down from $1,332,712 in April and $1,443,822 a year earlier.
- The benchmark price sits at $1,282,700, reflecting a 4.3% annual decline.
Real estate professionals say the growing inventory is leading to buyer hesitation. “There’s a lack of urgency,” says local agent Dylan Silbernagel. “Buyers have so many options, they don’t feel pressure to make quick decisions—even when prices are down.”
🌆 Greater Toronto Area: Inventory Booms, Confidence Lags
The trend isn’t isolated to York Region. Across the Greater Toronto Area, active listings surged 41.5% year-over-year, from 21,880 in May 2024 to 30,964 in May 2025. Yet sales dipped 13.3% compared to last year, and the average GTA sale price declined to $1,120,879.
While borrowing costs have slightly improved and prices are down, TRREB says economic confidence remains the missing piece. “Once households are convinced of economic stability, especially in trade with the U.S., we’ll likely see stronger buying activity,” said Jason Mercer, TRREB’s Chief Market Analyst.
💡 What This Means for Homeowners & Investors
With more listings and softer prices, it’s a strategic time to tap into your home’s equity for renovation, consolidation, or investment. Whether you're buying, upgrading, or refinancing, Lendworth offers quick approvals, equity-based lending, and flexible solutions tailored to today’s market conditions.
📞 Connect with Lendworth today to access funding options while inventory is high and competition is low. Your financial edge starts with fast, informed action.