Oct 2026
Average Price
$984,327
Interest rates can really move the needle on demand in real estate, and that was the case in the Aurora real estate market throughout the period under review. Interest rates hit record lows between mid 2016 and early 2017 and then again from mid 2020 to early 2022, giving sales activity across the housing market a major boost. Throughout these phases, homes coming onto the market were being absorbed at a fast pace, leaving buyers with comparatively limited inventory to pick from.
However, the market took a different turn in the post-pandemic period, spanning from mid 2022 to mid 2026. During these years, interest rates sat above their earlier highs, keeping many buyers on the sidelines and bringing overall demand down. And with buyer demand taking a step back, there were more properties available than active buyers, which pushed inventory levels higher.
Sales remained strong, with monthly transactions typically ranging from 60 to 150 properties. As buyers stayed active, the supply of available homes stayed relatively tight.
Higher interest rates and stricter mortgage qualification rules gradually began to cool buyer activity. Monthly sales were usually recorded between 40 and 130 homes. Meanwhile, the number of properties available for sale increased noticeably. Aurora active listings frequently ranged from 300 to 660 homes in this period.
At the onset of the pandemic, uncertainty kept many buyers and sellers on the sidelines. However, market activity quickly picked up during the latter half of 2020 and continued strengthening. From mid 2020 to early 2022, sales stayed within the range of 65 to 200 homes. In March 2021, the Aurora real estate market recorded 201 transactions, the highest level of sales activity in the decade under review.
According to Aurora real estate market trends, as interest rates moved higher, the market began to shift gears once again. Sales activity moderated compared with the exceptionally busy conditions seen in the earlier phase. Throughout this stretch, home sales in Aurora remained between 35 and 100 units. At the same time, available inventory steadily expanded, rising from around 120 listings in late 2021 to the 200 to 420 range.
Housing inventory continued to grow while buyer activity remained moderate in the Aurora housing market. Active listings frequently sat between 270 and 570 homes, whereas sales largely stayed within the range of 30 to 75 transactions.
Currently, the Aurora real estate market has 410 properties available for sale, and 47 sales have taken place.
Source: Based on analysis of historical information made available from respective real estate boards.
With 5,617 transactions, detached homes led the way in sales among all property types considered in Aurora. They also commanded the highest average sale price at approximately $1.43M.
The semi-detached housing category registered 723 sales and an average sale price of approximately $892.72K.
Freehold townhouses generated 1,473 sales during this period, with an average sale price of roughly $909.73K.
Condo townhouses accounted for 977 sales in the Aurora real estate market and recorded an average sale price of approximately $754.65K.
With 801 transactions, condo apartments remained the most budget-friendly housing option, posting an average sale price of around $608.14K.
Market conditions were extremely active, with the absorption rate mostly ranging between 60% and 88%.
Insights from the Aurora real estate market trends reveal that absorption rates eased and typically fluctuated between 20% and 65%.
Following a brief slowdown in early 2020, market activity maintained a strong pace throughout. Absorption rates frequently surpassed 60%, with many months climbing above 80% and even 90%.
The market activity remained healthy, with absorption rates generally falling within the 35% to 80% range.
The absorption rates typically ranged from 30% to 60%, pointing to a less competitive environment than the peak years.
Absorption rates have mostly hovered between 20% and 40% over this stretch of the real estate market in Aurora.
Right now, the Aurora housing market has an absorption rate of 28%.
The Aurora rental market offers renters a broad mix of housing options, including purpose-built apartments, condos, townhouses, detached homes and lower-level or basement units. This variety means tenants can choose from different property types depending on the amount of space they need and the type of home they are looking for. That said, detached homes make up a significant share of Aurora’s overall housing stock. The Town’s housing documents identify single-detached homes as the dominant housing type in Aurora.
The Aurora rental market remained relatively stable, with rents largely holding between $1,650 and $2,000. Leasing activity was also quite healthy, often ranging between 25 and 75 units.
Throughout this phase, rents were generally at higher levels, frequently falling within the $1,850 to $2,570 range. Rental demand, meanwhile, did not reach the levels seen during the earlier phase, as leased units ranged from 25 to 65.
Rental prices moved steadily higher, generally falling between $2,250 and $2,970. Leasing activity edged slightly higher, with leased units ranging from 30 to 60 units.
Leasing activity remained relatively unchanged, staying within the same range. However, another increase in rental prices came through even as leasing activity remained steady. Throughout this phase, average rents in Aurora stayed within the $2,560 to $3,240 range.
Unlike earlier periods, rental prices did not move in a clear direction during this phase. Some months, including February 2025, June 2025, and September 2025, reached close to or above $3,000, while others were nearer to $2,600-$2,800. Meanwhile, the level of leasing activity slowly picked up, with leased units ranging between 30 and 75 units.
Currently, 98 properties are up for lease in Aurora, and the average rent sits at $ 2,794. Over the past year, rental prices in Aurora have seen a 5.36% change. Meanwhile, over the past five years, the change stands at 15.88%, while the ten-year figure is 69.56%.
Throughout the decade covered in this study (mid 2016 to mid 2026), the Aurora housing market wasn’t exactly easy on the wallet compared with other real estate markets in York Region. This was especially apparent throughout the pandemic boom years, from late 2020 through early 2022, when home prices in Aurora reached one of their highest levels.
Then came the post-pandemic period, from mid 2022 to mid 2026, when higher interest rates put more pressure on housing affordability and left many prospective buyers sitting on the sidelines. And as housing demand cooled off, Aurora house prices started trending lower, giving buyers who had been sidelined during the height of the pandemic housing boom a chance to get back in. During this stretch, homes were also taking longer to sell, another clear sign that market conditions were starting to soften. In a market like this, sellers had to be competitive with their pricing and find ways to make their properties stand out, while buyers had more breathing room to negotiate and make informed decisions.
Coming back to the current Aurora housing market trends, property prices have seen a 2.11% change over the past year. The longer-term figures tell a broader story, with prices changing by -1.84% over five years and 43.84% over ten years.
Supported by low interest rates and favourable economic conditions, buyer activity remained exceptionally strong in Aurora. Competition intensified, and property prices climbed quickly, rising from around $660K in September 2016 to $930K in March 2017.
The market shifted gears as mortgage rates moved higher and lending rules became more restrictive. Throughout this period, Aurora house prices generally remained within the $630K to $810K range.
In early 2020, pandemic uncertainty caused the real estate market in Aurora to slow down. However, the market gained momentum soon after as changing lifestyle preferences and strong buyer demand fuelled another wave of growth. Average home prices climbed significantly, rising from approximately $680K in May 2020 to about $1.30M by February 2022.
The market entered a period of adjustment as interest rates experienced another series of increases. Buyer demand softened, and prices moved lower from their earlier peaks. From the $1.30M mark, prices came down and remained within the $960K to $1.13M range throughout this phase.
From 2024 onward till August 2026, the Aurora real estate market remained relatively stable. Prices have generally stayed within the $850K to $1.13M range.
Right now, the average house price in Aurora, Ontario stands at $ 984,327, and properties are taking an average of 36 days to sell.