Jun 2026
Average Price
$963,475
In certain aspects, East Gwillimbury may follow a different pattern than most other housing markets, but the main forces shaping the market remain largely the same. Interest rates, in particular, continue to play a major role in the East Gwillimbury real estate market – when interest rates are lower, buyer demand tends to pick up, leading to stronger sales activity and higher transaction volumes. On the other hand, when rates rise, market activity usually cools in the East Gwillimbury housing market. Another pattern seen across the past decade is that during periods of stronger demand, available homes tighten even as new listings come onto the market. On the other hand, when new supply starts outpacing demand, inventory grows, and overall market conditions become less competitive.
With interest rates remaining favourable for buyers, home sales steadily gained momentum. Transactions climbed from roughly 30-50 units to more than 80 sales by early 2017. Throughout this period, buyer demand was rising much faster than supply, so inventory stayed relatively tight even as more listings continued hitting the market.
As interest rates started climbing again and mortgage regulations became tougher, sales activity stayed fairly moderate. Meanwhile, inventory levels remained noticeably higher, regularly sitting above 300 homes and often pushing past the 400 listing mark.
Once interest rates dropped to historic lows and pandemic-driven lifestyle changes boosted housing demand, sales activity picked up quickly. East Gwillimbury real estate trends showed a sharp increase in buyer activity, particularly from mid-2020 onward, with sales frequently averaging between 60 and 120 units. Meanwhile, active inventory stayed well below the levels recorded in 2018 and 2019, generally ranging from around 150 to 340 units.
Sales stayed strong for much of 2021, typically averaging around 60-80 transactions, before cooling through 2022 as interest rates climbed rapidly. At the same time, inventory grew from approximately 130 listings to nearly 300 units.
Sales activity mostly ranged between 25 and 60 units, showing fairly steady conditions without major shifts. Available inventory remained at consistently elevated levels, ranging from 140 to 320 units.
Inventory fluctuated between 220 and 400 homes, giving buyers far more choices than during the highly competitive years. Sales activity has mostly ranged from 20 to 50 transactions. While interest rates have started stabilising, buyers have remained relatively cautious.
According to East Gwillimbury real estate trends & stats, absorption rates stayed exceptionally strong, generally ranging from roughly 65% to above 90%. Buyers were acting quickly, and homes were selling at a rapid pace.
The pace of market activity cooled noticeably, with absorption rates mostly remaining between 20% and 40%.
From mid-2019 onward, market activity accelerated once again. Absorption rates regularly climbed above 50%, while many months throughout 2020 and 2021 landed between 70% and more than 90%.
Absorption rates generally stayed between 30% and 60%, keeping conditions largely balanced between buyers and sellers.
Absorption rates remained within the 30% to 50% range, suggesting supply and demand were fairly aligned overall.
Absorption rates have shifted lower, with many months remaining below 40% and several dropping into the low 20% range. By May 2026, the East Gwillimbury Housing Market Report showed the absorption rate at 21.8%. With market conditions softening, buyers now have more time to review listings carefully, compare options, and negotiate with greater confidence.
Source: Based on analysis of historical information made available from respective real estate boards.
Out of all property types, houses remained by far the most popular option in East Gwillimbury, particularly detached homes. Meanwhile, townhouses also attracted a moderate level of buyer interest, with freehold townhouses continuing to perform particularly well in the market. Condo apartments, on the other hand, recorded the lowest number of sales overall. However, they stood out as the most affordable housing option available in East Gwillimbury.
With 4,291 sales, detached homes dominated market activity and also commanded the highest average sale price at $1.15M.
Semi-detached homes recorded 272 sales, with buyers paying an average of $902.43K.
Freehold townhouses remained a popular option as well, generating 872 sales and reaching an average sale price of $785.94K.
Although condo townhouses recorded just 3 sales, the average sale price still came in at $818.70K.
Condo apartments recorded 20 sales and continued to stand out as the market’s most affordable property type, with an average sale price of $414.60K.
The rental housing market in East Gwillimbury continues to see fewer transactions than many nearby GTA areas. Even so, this smaller market has delivered positive long-term rent growth, with prices rising 32.93% over the past decade. In the short term, the rental market has been showing signs of easing. East Gwillimbury rental prices are down 4.07% year-over-year and have dropped 16.91% year-to-date.
Rents steadily climbed, with most properties leasing between $1,600 and $2,300. At the same time, rental activity gained momentum, rising from just 0-5 units in 2016 to 30-50 transactions by 2018.
Based on rental market trends in East Gwillimbury real estate, average rents continued heading upward, increasing from around $2,000-$2,200 to nearly $2,400. Leasing activity also stayed fairly consistent, typically ranging between 20 and 47 units.
Average rents rose from about $2,300-$2,700 in 2020 to regularly surpassing $2,800 and nearing $3,000 by 2021. The number of leased properties remained lower compared to earlier years.
Most months recorded average rents between $2,600 and $3,100. Leasing activity improved from the prior phase and often reached 30-48 units monthly.
Prices continued pushing higher, with average rents commonly ranging from $2,700 to $3,450. Leasing activity stayed relatively stable, generally ranging between 20 and 40 units.
Rental prices have started easing from the higher levels seen earlier, while leasing activity has continued holding fairly steady. Rental prices have generally ranged from $2,400 to $3,200, and leasing volumes typically have stayed between 20 and 40 units.
The East Gwillimbury housing market is made up largely of bigger detached homes, with many listed above the $1M mark. Because of this, even a limited number of detached home sales has a major impact on average prices in East Gwillimbury. During the pandemic surge, for example, average home prices in East Gwillimbury climbed to more than double their previous levels. However, post-pandemic, once interest rates started rising and buyer demand and sales activity began cooling off, prices also dropped sharply. Even today, the market continues to feel the impact of this adjustment and balancing period. At present, home prices in East Gwillimbury are down 28.45% year-over-year and 6.71% year-to-date. Homes are also taking longer to sell than before, clearly showing buyers have greater leverage in the market. Over the long-term, however, the market has delivered strong growth, with home prices rising 57.87% in ten years.
Buyer activity stayed strong throughout this stretch, largely supported by lower interest rates and favourable economic conditions. As more homes changed hands, prices climbed at a fast pace, with the average home price typically sitting between roughly $560K and $900K.
After the sharp surge, prices started easing as mortgage regulations tightened and interest rates headed upward. Based on real estate trends and statistics for East Gwillimbury, prices stayed relatively steady, generally landing between $620K and $800K.
The pandemic years introduced several major shifts, such as remote work, stronger interest in suburban areas, and, of course, the historically low interest rates, all of which added fuel to buyer demand. Average prices remained around $725K-$935K in 2020 before consistently exceeding $1M throughout 2021 and early 2022. The market reached its peak in January 2022, when homes sold for an average of $1.42M, the highest level recorded during the decade.
Home prices softened throughout this phase, mainly due to steadily rising interest rates. Home prices generally remained between approximately $900K and $1.2M.
During this period, home prices remained fairly steady, typically falling between roughly $1M and $1.2M.
Home prices have shifted lower, commonly ranging from about $800K to $1.1M.