Sheldon  Kiestin

Sheldon Kiestin

Broker

Sutton Group-Admiral Realty Inc., Brokerage *

Mobile:
416-809-0221
Office:
416-739-7200
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August 2026 Housing Market Summary For Vaughan, Markham, Richmond Hill, Aurora, Newmarket, Toronto




GTA Regional Breakdown

August 2026 Community Analysis by Sheldon Kiestin

Sheldon Kiestin | Broker
Sutton Group – Admiral Realty Inc.
416-809-0221 | sheldonkiestin@gmail.com | sheldonkiestin.com
39 Years Serving York Region, Toronto & GTA

While GTA-wide market shows 2.7% price decline YoY, different communities tell different stories. York Region and suburban detached markets show resilience. Toronto shows expected condo softness. Supply tightness (new listings down 14.1%) benefits sellers in most neighborhoods. Here's the breakdown across key markets where I operate:


Markham – Stable Family Demand
Sales (Aug 2026)
282
Avg Price Trend
Stable
Inventory
Tight

Markham continues showing resilience. Family-driven demand and diversity of property types support prices. Detached homes ($1.29M+ range) leading category. New listing pace slower than usual (supply crunch), benefiting sellers. Look for stabilization through fall with slight rebound in Q1 2027 if mortgage rates hold or decline.

Contact for Markham properties: 416-809-0221 | sheldonkiestin@gmail.com


Vaughan – Value Play Emerging
Sales (Aug 2026)
242
Avg Price Range
$900K–$1.1M
Trend
Stabilizing

Vaughan (Maple, Woodbridge, Thornhill) showing emerging value. Price declines moderating (around 3.5–4% YoY). Buyer interest picking up as affordability improves relative to west end. Condo market showing pockets of strength; detached homes in premium locations still commanding strong prices. Expect fall pickup as school year begins and families lock in before winter.

Contact for Vaughan properties: 416-809-0221 | sheldonkiestin@gmail.com


Richmond Hill – Diverse & Balanced
Sales (Aug 2026)
161
Avg Price Level
~$1.04M
Market Status
Stable

Richmond Hill maintains solid position with diverse community appeal. Established neighborhoods hold value better than newer subdivisions. East/north boundaries showing softer activity; central core (near major transit) resilient. Detached homes and newer semi-detached in demand. Rental appeal high for investors—good Q1 2027 entry point for buy-and-hold strategies.

Contact for Richmond Hill properties: 416-809-0221 | sheldonkiestin@gmail.com


Aurora – Value Opportunity
Sales (Aug 2026)
49
Avg Price
$1,105,004
Outlook
Attractive

Aurora offers compelling value for families seeking more space at lower price points than Markham/Richmond Hill. Lot sizes generous; school ratings solid. Price declines moderate (around 4–5% YoY). Lower volume masks steady buyer interest. Year-round appeal; expect busy fall real estate season as families relocate before holidays.

Contact for Aurora properties: 416-809-0221 | sheldonkiestin@gmail.com


Newmarket – Smart Value Buy
Market Position
Emerging
Price Range
$875K–$975K
Trend
Recovery Watch

Newmarket presents smart value for buyers priced out of south York Region. Main Street revitalization and recreation trail investments adding appeal. Prices down 4–5% but at levels that attract investor and first-time-buyer interest. Rental yields competitive; condo market starting to stabilize. Strong recovery candidate for 2027 as interest rates potentially decline.

Contact for Newmarket properties: 416-809-0221 | sheldonkiestin@gmail.com


Toronto Freehold (Detached & Semi-Detached) – TOP PERFORMER
Avg Price (Detached)
$1,525,749
YoY Change
-2.1%
Market Status
Strongest Position

Toronto detached homes are the GTA's top performers. Only 2.1% decline YoY vs. 4.5% HPI composite. Limited supply of detached stock (550 sales in 416 area alone) combined with consistent buyer demand creates sellers' market. West and Central Toronto zones seeing brisk bidding. Semi-detached ($1.11M avg) also outperforming. Expect prices to stabilize $1.25M–$1.35M range through 2027.

Contact for Toronto Freehold properties: 416-809-0221 | sheldonkiestin@gmail.com


️ Toronto Condos (Downtown Core) – HISTORIC OPPORTUNITY
Avg Price
$617,593
YoY Change
-6.9%
Market Status
Bottoming Out

Toronto condos present the market's most compelling buying opportunity. Down 6.9% YoY—the lowest point since 2020. 1,330 sales in August (highest of all property types) signal emerging buyer confidence at these levels. Rental market strong; cap rates improving. Stabilization expected Q4 2026 / Q1 2027. Investors positioning now benefit from spring 2027 recovery. Average price of $617K aligns with pre-2022 valuations; historic entry point.

Contact for Toronto Condo properties: 416-809-0221 | sheldonkiestin@gmail.com


Price Stability Hierarchy (Best to Opportunity)

  1. Toronto Freehold – Only -2.1% YoY decline, strongest market position, clear winner
  2. York Region Detached – Markham, Richmond Hill, Aurora showing 3–4% declines; stable demand
  3. Vaughan – Moderate decline, value emerging, family-driven demand returning
  4. Townhouses – $787K avg, first-time buyer sweet spot, stabilizing
  5. Semi-Detached – $932K avg, balanced between affordability and space
  6. ️ Toronto Condos – Historic buying opportunity; -6.9% YoY but stabilizing Q1 2027


Ready to Make Your Move?

With 39 years of Toronto and York Region real estate expertise, I help clients navigate these shifting markets. Toronto detached homes are in sellers' markets. Condos are bottoming and present historic opportunity. York Region shows resilience. Let's discuss your strategy.

Sheldon Kiestin
Broker, Sutton Group – Admiral Realty Inc.
416-809-0221 | sheldonkiestin@gmail.com
sheldonkiestin.com
 
"Your Goals Are My Business"

 

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