Families, This Might Be the Perfect Time to Upgrade Your Home
I wanted to share some exciting market news — especially if your family has been feeling squeezed in your current home or dreaming of more space.
Right now, we’re seeing noticeable price adjustments across York Region and the GTA. In many areas, average home prices are down by $50,000 to $80,000 compared to this time last year, depending on property type and location.
For example:
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In Aurora, the average home price sits around $1.31 million, down roughly $70,000 from spring 2024.
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In Newmarket, it’s about $1.03 million, offering more value than we’ve seen in a while.
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Even detached homes in Vaughan have adjusted downward by tens of thousands, making larger homes more attainable again.
So what does that mean for you?
️ If you sell your current home now, you might receive a slightly lower price than you expected a year ago — but you’ll also be buying at a much lower price point.
️ That next-step home — with an extra bedroom, finished basement (Possiblity for additional income), or bigger yard — could now be within reach.
Think of it as a market that’s working with you:
You sell a little lower, but you buy your dream family home for far less than you would’ve last year. And when you’re upsizing, the savings on your next home often outweigh the smaller drop on your current one.
This is a great window for families who want more room to grow, better layouts, or even to move into a preferred school zone before the new year kicks off.
If you’ve been wondering whether now’s the right time, let’s connect and have a quick conversation. I’ll walk you through your home’s current value, options on the market, and how to make the move work smoothly for your family.
Looking forward to chatting soon!
Your Family-Focused Real Estate Expert