Ontario's market this morning: 79,467 homes for sale, median ask $699,900
Wednesday, November 4 — city medians hide the real story. In today's featured market, Newmarket, the median asking price swings by $751,000 from one neighbourhood to the next: $849,000 in Central Newmarket, $1,600,000 in Stonehaven-Wyndham.
The headline numbers
- 79,467 homes for sale in Ontario this morning; the median asking price is $699,900.
- 36,137 homes for lease, median asking rent $2,100 a month.
- Detached homes are 45% of everything for sale — 35,847 listings — still the market's centre of gravity.
- Toronto: 12,480 homes for sale, median ask $787,500 — and 43% of that supply (5,379 listings) is condo apartments. Province-wide, condos are just 14% of what's for sale. Toronto's market and Ontario's market are built from different housing.
Where the inventory sits
The asking-price spread tells you who this market is stocked for. Of everything for sale in Ontario today, 28.8% asks under $500,000 (22,896 listings) and 42.5% sits between $500,000 and $1 million (33,782) — the first-time and move-up bands hold nearly three-quarters of all supply. The top is thinner than the headlines suggest: 19.1% asks $1–2 million, and just 9.5% (7,580 listings) asks $2 million or more. In plain terms, Ontario's active market is a mid-market: the competition, the choice, and most of the eventual deals live between $500,000 and $1 million.
Featured market: Newmarket, neighbourhood by neighbourhood
Newmarket's town-wide numbers — 385 homes for sale, median ask $949,999, plus 293 for lease — flatten a town that is really several markets stacked together. The split:
- Central Newmarket — 85 listings, median $849,000. The town's deepest and most affordable pool: older stock, smaller lots, the condo and townhome entry points.
- Stonehaven-Wyndham — 50 listings, median $1,600,000. Newmarket's top end: large newer detached homes, priced at nearly double the town core.
- Woodland Hill — 41 listings, median $999,000.
- Gorham-College Manor — 40 listings, median $899,800.
- Glenway Estates — 40 listings, median $979,000.
- Bristol-London — 35 listings, median $850,000.
- Summerhill Estates — 29 listings, median $998,000.
- Huron Heights-Leslie Valley — 28 listings, median $957,900.
One town, a $751,000 spread between neighbourhood medians. A buyer working with a $900,000 budget is shopping in a genuinely competitive market in Central Newmarket and Bristol-London — and barely shopping at all in Stonehaven-Wyndham. This is why the Brief will keep drilling to the neighbourhood level: the town median is the average of markets that don't compete with each other. Explore the town on our Newmarket homes for sale page.
What it means
If you're buying: shop the neighbourhood, not the city. Median maps like Newmarket's tell you where your budget is strong (deep supply near the median) and where it's a stretch (thin supply well above it). Province-wide, the $500,000–$1,000,000 band holds the most choice — 33,782 listings — so patience there is rewarded with options.
If you're selling: your competition is your neighbourhood's active listings, not your city's. A Central Newmarket seller is competing with 85 listings around an $849,000 median; a Stonehaven-Wyndham seller with 50 around $1.6 million. Price against the pool you're actually in — our pricing strategy guide covers how.
Numbers: HomesFound's live MLS® feed (PropTx), pulled November 4, 2026 at about 1:25 p.m. ET. Everything here describes active listings and asking prices only. Sold prices are VOW data — available to signed-in HomesFound members under the VOW terms, and never published in the Brief. Figures move as listings come and go.