Average price, Vaughan, all property types
$1,201,704As of October 2026.Source
Median price, Vaughan, all property types
$1,135,000As of October 2026.Source
Change in TRREB MLS HPI Composite benchmark, GTA, year over year
down 4.3%As of October 2026.Source
Households in Vaughan
103,915 (up 10.3% since 2016)As of 2021 Census.Source
Median after-tax household income, Vaughan
$107,000As of 2020 income year, 2021 Census.Source
On this page

Vaughan’s numbers are large, and large numbers hide how sensitive they are. A few percentage points of price movement on a $1.1 million home is tens of thousands of dollars of borrowing room.

Vaughan’s $1,201,704 average and $1,135,000 median

TRREB’s October 2026 Market Watch shows 263 Vaughan sales at an average of $1,201,704 and a median of $1,135,000. The median is the better guide to a typical home, since a few very expensive sales lift the average. Active listings stood at 1,219, which TRREB’s trend figure turns into 4.8 months of inventory, and homes sold at about 97% of list price after an average of 33 days.

Vaughan sits above Brampton and Mississauga on price, and just above Markham’s $1,117,006 average. Detached homes in the city averaged $1,550,898 that month, with a median of $1,420,000, and condo apartments averaged $466,698. A big share of local equity sits in expensive houses, and reaching it costs something.

How the Census describes who lives here

The 2021 Census put Vaughan at 323,103 people, up 5.5% from 2016. Households grew faster, 10.3%, from 94,250 to 103,915. The median after-tax household income was $107,000 for 2020, up 9.2% from $98,000 in 2015.

Those are city-wide averages and cannot tell you whether a lender will accept your file. They give a sense of the city, not of your file.

Price sensitivity: the 80% ceiling at work

Here is the ceiling arithmetic at Vaughan prices: the Financial Consumer Agency of Canada says a second mortgage can reach 80% of the appraised value minus the mortgage balance. The first example shows plenty of room. The second shows a median-priced home with an $850,000 first mortgage and $58,000 of room. Apply the 4.3% GTA benchmark fall and the room drops to $18,956.

TRREB’s measure covers the whole GTA, not Vaughan alone, so use the example as a stress test rather than a prediction. The practical point is that you should ask for a current appraisal before you plan around a number from last year. If you want to try your own balance, use the calculator.

Vaughan against the year so far

Over the first ten months of 2026 TRREB recorded 2,468 Vaughan sales at an average of $1,169,181 and a median of $1,100,000. October’s average of $1,201,704 was $32,523 above that, and its median of $1,135,000 was $35,000 above, so Vaughan ran slightly stronger than its own year even as the GTA benchmark slipped.

One month does not make a trend, and a smaller group of high-priced detached sales can lift an average. If you plan around a number, plan around an appraisal done recently, and keep a margin for the next round of figures.

Taxes, fees and uses that need extra care

Land transfer tax is charged on a purchase, and we found no such line for registering a second mortgage on a home you own. Ontario’s own page mentions a separate city tax only for Toronto. Plan for the lender fee, broker fee, legal costs, appraisal and registration fee, listed on the Ontario page.

Some owners want the money for a business or a rental unit. How the money is used changes the product and the paperwork, so read business-purpose second mortgages or rental property second mortgages before comparing offers, and renovation loans if the money is going back into the house.

CMHC and the GTHA: where Vaughan sits on arrears

CMHC reports that Ontario’s mortgage arrears, payments 90 or more days late, were 0.32% in the second quarter of 2026. It expects a rise through mid-2027 concentrated in the Greater Toronto and Hamilton Area, which includes Vaughan, and cites trade tensions hitting manufacturing, automotive included. No city figure is published, so treat the regional point as context, not a forecast for your mortgage.

Questions to put to any lender

On a loan of $150,000 or more, small differences in terms add up. Ask what the total fees are in dollars, whether payments are interest only, when the loan matures and what the plan is on that date, whether there is a penalty for repaying early, and what happens if your first mortgage renews at a higher payment in the meantime. Get every answer in writing before you pay for an appraisal.

Where to verify a Vaughan agent’s licence

An FSRA licence is required for agents and brokers on Vaughan loans, and private lenders sit behind a Level 2 agent or a broker. The public register shows the number.

After your Vaughan figures are assembled, request a licensed professional’s review. For nearby markets see Markham and Brampton.

A Vaughan owner at the average price borrowing $150,000

The $1,201,704 value is TRREB's October 2026 average price for Vaughan, all property types, as a stand-in for an appraisal. The $750,000 first mortgage and $150,000 loan are made up. The 80% ceiling is the one the Financial Consumer Agency of Canada describes.

Home value used
$1,201,704
80% of the home value
$961,363

$1,201,704 times 0.8, rounded

Room under the ceiling
$211,363

$961,363 minus $750,000

Combined loan-to-value with the loan
74.9%

$900,000 owed on $1,201,704

Room left after a $150,000 loan
$61,363

At this price, $150,000 fits and still leaves $61,363 of room. Equity is large but not unlimited.

Illustration only. The figures are made up to show the arithmetic. They are not a quote, a rate or an offer.

A Vaughan median-priced home if values slip 4.3%

The $1,135,000 value is TRREB's October 2026 median price for Vaughan, all property types. The 4.3% fall is the GTA benchmark change from October 2025 to October 2026, applied here to the median only as an illustration. The $850,000 first mortgage is made up.

80% of $1,135,000
$908,000
Room today
$58,000

$908,000 minus $850,000

Value after a 4.3% fall
$1,086,195

$1,135,000 times 0.957

80% of the lower value
$868,956

$1,086,195 times 0.8, rounded

Room after the fall
$18,956

A 4.3% fall in value removes $39,044 of room, about two thirds of what the owner had. Because the lender's 20% cushion stays fixed as a share, a price fall cuts room by more than it cuts equity.

Illustration only. The figures are made up to show the arithmetic. They are not a quote, a rate or an offer.

Questions people ask

What does a 4.3% fall in the GTA benchmark mean for a Vaughan owner?

TRREB's benchmark for the whole GTA was 4.3% lower in October 2026 than a year before. Vaughan's own change may differ. The example above applies 4.3% to a Vaughan median to show how the room under an 80% ceiling shrinks.

Do Vaughan household incomes help with qualifying?

Not directly. The Census figure of $107,000 median after-tax household income for 2020 describes the city, not you. Lenders look at your own income and, for private lenders, mostly at the property and the exit plan.

Is Vaughan too expensive for private second mortgages?

High values can mean large loans are possible, but they also mean higher stakes if a loan goes wrong. Fees often scale with the loan, so a bigger loan can cost thousands more. Compare quotes on the same loan amount.

Does Vaughan's household growth tell me what my home is worth?

The 2021 Census counted 103,915 households, up from 94,250 in 2016. That says the city grew. For selling, the better guide is current supply: TRREB showed 1,219 active listings and 4.8 months of inventory in October 2026.

Nearby cities

Keep reading

Sources