If you’ve been watching the market in Newmarket, Aurora, or East Gwillimbury this year, June brought some encouraging signs. According to the Toronto Regional Real Estate Board’s (TRREB) latest Market Watch report, the GTA is starting to show the “year of two halves” pattern that TRREB’s leadership predicted at the start of 2026 — a slower spring giving way to a stronger summer.

Here’s what the numbers mean for buyers and sellers in our part of York Region.

The Big Picture: GTA Market Snapshot

Across the Greater Toronto Area, June 2026 home sales came in at 6,770, up 9.4% compared to June 2025. At the same time, new listings dropped 12.9% year-over-year to 17,282, and active listings fell 13.5% to 27,329.

That combination — more sales, fewer new listings — is exactly what tightens a market. TRREB’s Chief Information Officer noted that if this trend continues into the second half of the year, selling prices could stabilize and even start climbing again.

The average GTA selling price in June was $1,058,658, still down 3.9% year-over-year, though the pace of that annual decline has been shrinking each month. The MLS® Home Price Index (HPI) Composite benchmark was down 5.4% year-over-year.

York Region, Newmarket, Aurora & East Gwillimbury — The Numbers

*York Region as a whole posted 1,289 sales in June, with an average selling price of $1,169,958 — noticeably above the GTA-wide average, reflecting the region’s larger detached-home stock. Newmarket’s average was $1,018,511, and Aurora’s was $1,239,892. East Gwillimbury’s exact June sales count wasn’t independently verifiable at the time of writing, but third-party TRREB-sourced data puts the average sold price at roughly $1.1 million, down in the range of 10–13% year-over-year — a steeper pullback than the broader GTA’s 3.9% decline, which is common in lower-volume, higher-priced rural/semi-rural markets where a handful of sales can swing the average.

Newmarket in Focus

Local reporting on TRREB’s June figures gives us a closer look at Newmarket specifically:

• Detached home median price: $1,125,000 in June 2026, down 2.3% year-over-year
• Year-to-date detached sales: up roughly 14%
• Year-to-date new listings: down roughly 7%
• Entry-level momentum: freehold townhouse and semi-detached sales nearly doubled, climbing from 12 to 23 transactions
• Average monthly median prices in Q2 2026 ran about 5.7% higher than Q1 2026 — a reversal from the same period in 2025, when prices had fallen roughly 5% quarter over quarter

That’s a meaningful signal: Newmarket’s price direction flipped from declining to rising between Q1 and Q2 of this year, even while the year-over-year comparison still shows a decline.

What This Means Locally

York Region has followed the broader GTA pattern this year: a quiet first quarter followed by a noticeably busier second quarter. For Newmarket, Aurora, and East Gwillimbury specifically, that’s translated into:

• More buyer activity as pent-up demand from the slow start to 2026 works its way back into the market
• Tighter inventory, since new listings across the region have pulled back significantly — sellers who do list are facing less competition from other sellers than they were a year ago
• Prices still adjusting on a year-over-year basis, but trending upward quarter over quarter in markets like Newmarket — a sign the correction may be running out of steam

If conditions keep tightening through the rest of 2026 as TRREB expects, buyers in these communities may want to move sooner rather than wait for a “better deal” that may not materialize, while sellers who’ve been sitting on the sidelines may find a more receptive market in the second half of the year than they saw in Q1.

Affordability Still a Headline Issue

TRREB’s CEO also flagged something worth keeping in mind for anyone building a new home or buying pre-construction in York Region: development charges are adding meaningfully to the cost of new housing — potentially up to 20% of a home’s purchase price once rental and construction cost impacts are factored in. The Canada-Ontario DC Reduction Program is being pitched as one tool municipalities could use to ease that pressure, which is worth watching if it affects your buying plans in Newmarket, Aurora, or East Gwillimbury.

The Bottom Line

June’s numbers point to a market in transition — sales picking up, new listings pulling back, and price declines slowing (and in Newmarket’s case, reversing quarter over quarter). Whether you’re buying your first home in East Gwillimbury, upsizing in Aurora, or selling in Newmarket, the second half of 2026 looks like it could bring more competition among buyers than we’ve seen in a while.

Check our recent blogposts:

Newmarket vs Aurora vs East Gwillimbury: Where Should You Move?

Best Neighbourhoods in Newmarket (And How They Feel)

Buying a Home in Newmarket Under $1 Million: What Buyers Should Expect in 2026

 

Thinking about buying or selling in Newmarket, Aurora, or East Gwillimbury? We be happy to walk you through what these trends mean for your specific street or price range — reach out any time.