Vaughan Real Estate Market Update – June 2023

The Vaughan housing market in June 2023 delivered steady pricing, growing inventory, and signs of renewed buyer confidence as summer officially began. With more homes hitting the market and borrowing conditions stabilizing, motivated buyers re-entered—especially at the entry and move-up levels.

Here’s everything you need to know about Vaughan’s real estate trends in June 2023.

📊 June 2023 Market Snapshot

• Average Sale Price: $1,375,000

• Month-over-Month Change: ⬆️ 0.1%

• Homes Sold: 245

• New Listings: ~770

• Average Days on Market: 27

• Sale-to-List Price Ratio: ~97.5%

• Months of Inventory: ~2.8

📈 Prices held steady, demand remained consistent, and sellers gained more clarity on market expectations.

💰 Price Stability Shows Market Confidence

After nearly a year of adjustment, home prices in Vaughan leveled out in June, with only a slight increase from May. This suggests that the market has reached a new pricing baseline, and both buyers and sellers are responding with more confidence.

Most active price segments:

• Townhomes between $1.0M–$1.3M

• Detached homes under $1.6M in Vellore Village, Maple, and East Woodbridge

• Condos under $750K near Vaughan Metropolitan Centre (VMC)

Buyers with rate holds from early 2023 were especially active, trying to secure homes before the next round of financing renewals.

🏘️ Inventory Growth Offers More Options

June brought over 770 new listings to the market, increasing supply and giving buyers more flexibility and negotiating room.

• Many homes sold with conditions, including financing and inspections

• DOM averaged 27 days, slightly longer than in spring

• Well-priced, staged homes continued to sell within 2–3 weeks

💡 Sellers: Don’t overprice—buyers are informed and hesitant to compete unless value is clear.

🏙️ Neighborhood Spotlight: Sonoma Heights & VMC

• Sonoma Heights attracted upsizing families looking for value and larger homes within proximity to parks and schools

• Vaughan Metropolitan Centre (VMC) remained a hotspot for investors and first-time buyers thanks to TTC subway access and rental demand

These neighborhoods continued to outperform the broader market due to location, lifestyle appeal, and future growth potential.

🔮 What to Expect This Summer

Heading into July and August, we anticipate:

• Stable pricing, with possible softening in high-end luxury

• More listings, particularly from sellers who delayed earlier in the year

• Less urgency, as buyers have more options

• Fewer bidding wars, but healthy activity for well-priced homes

🎯 The market is now about strategy, timing, and execution—not speculation.

💬 Final Thoughts

June 2023 reflected a more balanced Vaughan real estate market, where both buyers and sellers could make informed decisions without the volatility of past years. Whether you’re planning to enter the market or preparing for fall, now is a smart time to explore your options.

📞 Curious about what your home is worth or how to buy in today’s market?
Let’s schedule a no-pressure consultation and create a custom strategy just for you.