York Region, Ontario Real Estate: Where to Buy in 2023

The Markham Village Heritage Conservation District in Markham, Ont. Photo by Mhsheikholeslami from Wikimedia Commons

York Region stretches from the eastern edge of Toronto up to Lake Simcoe and is a key part of Ontario’s Golden Horseshoe. Covering 629 square kilometres and encompassing nine municipalities — including Vaughan, Markham and Richmond Hill — York is home to roughly 1.1 million people and ranks as one of the fastest-growing regions in the Greater Toronto and Hamilton Area (GTHA).

What’s included on this page

Best places to buy real estate in York Region
How to read the table
What happened in the York real estate market?
What’s next for real estate in York?
York Region’s top three neighbourhoods
Methodology

Best places to buy real estate in Markham, Newmarket, Vaughan and other York municipalities

Below is a curated list of York Region neighbourhoods ranked for real estate buyers. The table highlights benchmark prices as of the end of 2022, recent price growth and neighbourhood scores for value, local economics and accessibility. Use the table to compare areas such as Markham, Newmarket, Richmond Hill and Vaughan and to spot neighbourhoods that match your priorities: affordability, long-term price growth, family-friendly features and transit access.

wdt_ID	Rank	Neighbourhood	City	Benchmark price 2022	1-year growth	3-year	5-year	Value	Economics	Accessibility	Children
1	1	Vinegar Hill	Markham	$1,044,349	13%	187%	81%	5.0	3.7	2.5	53%
2	2	Concord	Vaughan	$754,499	12%	55%	55%	4.3	3.9	4.0	54%
3	3	Armitage	Newmarket	$1,270,152	18%	80%	47%	3.6	4.0	1.1	65%
4	4	Summerhill Estates	Newmarket	$1,172,180	11%	65%	48%	3.4	4.0	1.1	65%
5	5	Schomberg	King	$1,407,447	30%	112%	103%	4.7	3.1	1.7	49%
6	6	Elder Mills	Vaughan	$1,422,933	12%	34%	34%	2.5	4.6	2.7	70%
7	7	Greensborough	Markham	$1,249,486	12%	49%	49%	3.1	4.0	4.5	63%
8	8	Oak Ridges	Richmond Hill	$1,600,499	12%	51%	34%	2.3	4.7	2.8	67%
9	9	Aurora Village	Aurora	$1,183,495	18%	86%	48%	3.9	3.4	4.5	56%
10	10	Maple	Vaughan	$1,270,952	11%	44%	45%	3.0	4.0	0.4	66%

Source: Zoocasa

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How to read the table

Benchmark price 2022: The composite benchmark price on Dec. 31, 2022. It reflects all property types — detached and attached houses, townhouses and apartments.
1-year, 3-year and 5-year growth: Percentage change in the composite benchmark price over each period.
Value, economics and accessibility: Each metric is scored 0–5. Higher scores indicate better value for money, stronger local economic indicators (income, employment, education) and easier travel by foot, bike and public transit.
Children: Percentage of households in the neighbourhood with children.
For full details on data and methods, see the methodology.

What happened in the York Region real estate market?

York Region saw a volatile year in 2022. Prices peaked in February, with the average home reaching about $1,587,603. When the Bank of Canada began raising its policy rate in March, mortgage costs climbed and buyer demand slowed. By January 2023, the region-wide average home price had fallen roughly 19% from its February high, down to about $1,285,583.

Zoocasa agent Brian Gilbert notes that the market shifted rapidly as interest rates rose: sellers who once received multiple offers began to see fewer showings and had to recalibrate price expectations. Higher borrowing costs reduced competition and gave buyers more options, particularly among detached homes that had previously been out of reach for many.

What’s next for real estate in York Region?

In January 2023 the Bank of Canada raised its policy rate to 4.5% and signalled a potential pause. As rates stabilize, buyer activity in York is slowly returning — especially among buyers who had been waiting on the sidelines. However, mortgages remain more expensive than they were at the start of 2022, so market recovery is expected to be gradual rather than a rapid rebound.

Gilbert expects a slower, steadier market compared with the frenzied conditions of recent years. Some buyers will act on improving market sentiment, while others will wait for better mortgage affordability. Overall, expect more normalized conditions and measured activity across York’s neighbourhoods.

Top neighbourhoods in other regions

Alberta

Calgary • Edmonton

Nova Scotia

Halifax

British Columbia

Burnaby, New Westminster, Richmond • Vancouver

Ontario

Durham Region • Halton Region • Peel Region • Toronto

York’s top three neighbourhoods

1. Vinegar Hill, Markham

Vinegar Hill, on Markham’s east side, is a historic, scenic neighbourhood that combined strong price growth with excellent value in 2022. The benchmark price was $1,044,349 at year-end — up 13% from a year earlier, 187% from three years earlier and 81% from five years earlier. Vinegar Hill earned a perfect value score of 5 and a strong economics score of 3.7. With many walking paths and parks, the area is attractive to families (53% of households have children). Accessibility remains average — most residents rely on driving.

View Vinegar Hill real estate listings on Zoocasa.

2. Concord, Vaughan

Concord ranks high for affordability and location. With a year-end benchmark price of $754,499, it was the most affordable major neighbourhood in York at the end of 2022. The area saw 12% growth year-over-year and a 55% rise over five years. Concord scored well for value (4.3) and local economics (3.9), and it offers good transit and highway access, reflected in an accessibility score of 4. The community is family-oriented, with 54% of households containing children.

View Concord real estate listings on Zoocasa.

3. Armitage, Newmarket

Armitage, in south-central Newmarket, combines green spaces and nearby commercial amenities. Its year-end benchmark price was $1,270,152 — up 18% year-over-year and 47% over five years. The neighbourhood earned a 3.6 value score and a strong economics score of 4. Families are well represented here, with 65% of households including children.

View Armitage real estate listings on Zoocasa.