Vaughan real estate guide 2026: market, neighbourhoods and what’s being built

At a glance: Vaughan already has a subway station (Vaughan Metropolitan Centre) and is adding a second at Clark Ave on the Yonge North extension. The two big plays are the VMC downtown and the Promenade Mall redevelopment in Thornhill.

Checked on 3 October 2026 against TRREB, municipal, regional, provincial and Metrolinx sources. Anything I could not confirm on an official page is left out or labelled.

Vaughan market snapshot: September 2026

Numbers below are for Vaughan, all home types, from TRREB’s September 2026 Market Watch. October data is due in early November; this page is updated monthly.

September 2026	Vaughan	GTA
Sales	213	5,040
Average price	$1,163,441	$1,006,409
Median price	$1,080,000	$860,000
New listings	735	16,500
Active listings	1,267	26,131
Months of inventory	4.9	4.6
Sale-to-list price	97%	98%
Average days on market	42	34
MLS® HPI benchmark (year over year)	$1,119,400 (-5.21%)	$917,600 (-4.65%)

How I read it: This is a balanced market: buyers have choice and time, so condition and price position decide who sells.

Benchmark by type (MLS® HPI)	Price	Year over year
Detached	$1,496,300	-5.42%
Semi / attached	$1,035,400	-5.14%
Townhouse	$747,300	-4.98%
Condo apartment	$523,100	-4.92%

Prices are down by a similar amount across home types (detached 5.4%, condo apartments 4.9% year over year), so the opportunity is in individual homes, not one property type.

Where to live in Vaughan

• Vaughan Metropolitan Centre: The planned downtown, with subway and high-rise stock. Suits condo buyers, investors and commuters.
• Thornhill (Promenade / Yonge–Steeles): Future Clark station plus the Promenade redevelopment. Suits move-up and condo buyers.
• Woodbridge / Kleinburg / Maple: Low-rise family and luxury detached.
• Weston Rd & Highway 7: High-rise towers proposed near the VMC.

Neighbourhood notes are my professional view, not official data.

What’s approved and being built in Vaughan

Only projects with an official source are listed, with the exact stage each has reached. “Approved” means a planning decision; it is not a construction start. Where a building permit has been issued, that is the strongest sign a project is actually starting.

Project	What	Stage (official)	Transit
Promenade Centre redevelopment (1 & 180 Promenade Circle)	Mall redevelopment: high-rise, mid-rise, office or hotel, and parks	Area plan approved by the Tribunal Aug 2024; subdivision plan recommended for approval Sep 2025	Bathurst & Centre Viva
3200 Highway 7 (SmartCentres, VMC)	7 buildings: 3 office, 4 residential, 825 units	Recommended for approval at committee Nov 2024	VMC subway, Viva
7887 Weston Rd	About 2,300 units in 4 towers	City staff recommended refusal (Oct 2024); Tribunal outcome not confirmed on an official page	Highway 7 Viva

Vaughan’s condo pipeline is concentrated within walking distance of the VMC station. That is where new supply and resale competition will meet.

For a GTA-wide view of what is permitted and under construction, see the GTA developments tracker and mall and plaza redevelopments.

Transit: running today vs. coming later

• Line 1 already runs to Vaughan Metropolitan Centre.
• Yonge North Subway Extension: tunnelling contract awarded Aug 2025 and the launch shaft is dug (Jul 2026). Stations at Steeles, Clark, Royal Orchard, Bridge and High Tech. No official opening date. Metrolinx
• Viva rapidways: the 33.7 km network was finished in Dec 2020 (Hwy 7, Yonge, Davis Dr, Bathurst & Centre). Metrolinx

Taxes and closing costs in Vaughan

2026 residential property tax rate: 0.749217% of assessed value (local 0.203805% + York Region 0.392412% + education 0.153000%). Official 2026 rates. Taxes are charged on MPAC’s assessed value, which is usually well below today’s market price, so ask for the property’s actual tax bill.

• Ontario land transfer tax applies (no municipal land transfer tax outside Toronto). First-time buyers can claim up to $4,000 back if they qualify. Ontario

Buying new? Read the Ontario pre-construction buyer guide for the 2026 HST rebates (up to $50,000 federal for first-time buyers, and Ontario relief on the provincial part).

For business owners and commercial tenants

Commercial corridors: Highway 7 (VMC and Weston Rd), Yonge–Steeles and Bathurst & Centre.

• No open Vaughan business incentive program was confirmed on an official page today.

Looking for space or a business here? Find premises or buy or sell a business confidentially.

Schools in Vaughan: how to check rankings and boundaries

School zone is one of the first things Vaughan buyers search for, and one of the easiest things to get wrong. A listing that says “in the X school zone” is not a guarantee. Here is how I check it for clients before they offer.

Who runs the schools: English public schools in Vaughan are run by the York Region District School Board (YRDSB), English Catholic schools by the York Catholic District School Board (YCDSB). French-language schools are run by Conseil scolaire Viamonde (public) and Conseil scolaire catholique MonAvenir (Catholic).

1. Use the board’s own school locator with the exact address, not the listing description. Boundaries follow streets, and two sides of the same street can go to different schools.
2. Check results from two sources: EQAO publishes each school’s provincial test results, and the Fraser Institute ranks Ontario elementary and secondary schools at compareschoolrankings.org. Rankings measure test scores, not the whole school, so visit too.
3. Ask about “holding schools”. When a local school is full, new students in growing areas can be directed to a school farther away until space opens. This matters most in new subdivisions.
4. Programs have their own boundaries. French Immersion, IB, gifted and arts programs often draw from a different area than the home school, and some need an application.
5. Get it in writing before you waive conditions. Boundaries can change. Call the board’s planning or admissions office with the address, and keep the answer.

Want homes in a specific Vaughan school zone? Tell me the school and your budget. I check each home’s address against the board locator before I send it to you.

Selling or buying in Vaughan: how I would approach it

Selling: price against the homes a buyer will actually compare with yours (same type, condition and recent enough), not the area average above. Then work out what you would keep after the mortgage payout and costs.Buying: decide what matters more, existing transit or a project that is only approved, and check the stage of anything near the address before you firm up.

Read next: GTA developments 2026–2028: what’s approved and being built

General information about Vaughan, not a valuation, investment, tax or legal advice. Planning status and incentives change; confirm with the municipality before relying on them. Inderpal Sidhu, Salesperson · HomeLife Silvercity Realty Inc., Brokerage.

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Inderpal Sidhu, Salesperson · HomeLife Silvercity Realty Inc., Brokerage. Not intended to solicit properties or clients already under contract with another brokerage.