I get asked this a lot right now. People see the headlines about prices dropping and they want to know if their budget actually works in Vaughan. So let me be straight with you.

Seven hundred thousand dollars does not buy you a detached house here. The average detached in Vaughan is sitting around $1.35 million right now. That is just the reality.

What it does buy you is a solid condo townhouse in Woodbridge, Maple, or Thornhill. Two to three bedrooms, two bathrooms, your own entrance. That is a real home, not a compromise.

Near Vaughan Metropolitan Centre you can find a well-finished two bedroom condo with room left in your budget to negotiate. Prices in that corridor are averaging $540K to $620K. At $700K you have leverage.

The market right now actually favours you if this is your budget. Inventory is up. Days on market have stretched to about 26 days which means sellers are not getting the same urgency they had two years ago. You have time to be patient and selective.

The mistake most buyers make is looking at asking prices instead of what things actually sold for. Those are two very different numbers in this market and the gap matters.

If you want to know what is actually moving in your price range right now, send me a message and I will pull the sold data for you.