Aurora · York Region

Mortgages in Aurora, compared across lenders

We compare banks, credit unions and monoline lenders for your Aurora purchase, renewal or refinance, and explain the trade-offs in plain English.

We help Aurora households buy, move, renew and refinance by comparing banks, credit unions, trust companies and monoline lenders. In September 2026 the median Aurora sale was $1,081,500, across 56 sales (TRREB, checked October 2026). Every mortgage is subject to lender approval; we arrange mortgages for properties in Ontario only.

Aurora in numbers

These are the latest published figures we could check for Aurora, each with its source and date. They describe the market, not your mortgage.

Home sales, September 2026

Median sale price: $1,081,500
Average sale price: $1,165,686
Sales: 56
Months of inventory: 4.9

Months of inventory is how long the homes listed for sale would take to sell at the recent pace of sales. Detached homes: 33 sales, median $1,255,000. January to September 2026: 493 sales, median $1,105,000.

Source: TRREB, GTA Market Watch, September 2026, Aurora row, all home types. Checked October 2026.

Residential property tax rate, 2026

Total rate: 0.873953%

Made up of Town 0.328541% + York Region 0.392412% + education 0.153000%. The rate applies to the assessed value set by MPAC (the Municipal Property Assessment Corporation), not to the price you pay.

Source: Town of Aurora, 2026 Property Tax Rates, 2026 rate sheet, dated 5 May 2026. Checked October 2026.

Renting, October 2025

Average two-bedroom rent: $2,046 a month
Vacancy rate: 3.0%

A year earlier the rent was $1,974 and vacancy 2.5%. The survey covers purpose-built rental apartments in private buildings of three or more units.

Source: CMHC Rental Market Survey, Table 1.0, published 11 December 2025, Toronto CMA (census metropolitan area). Checked October 2026.

Households, 2021 Census

Households that own: 81.2%
Median household income (2020): $119,000

Town of Aurora (census subdivision 3519046): 21,510 households, population 62,057. Income is for 2020, the year before the census.

Source: Statistics Canada, 2021 Census of Population, Census Profile, Town of Aurora (census subdivision 3519046). Checked October 2026.

GO Barrie line to Union Station

Scheduled time: 53 min

GO train stations: Aurora. The time is for the weekday 7:06 and 7:46 a.m. trains.

Source: GO Transit schedule, table 65 (Barrie line), effective 5 and 8 September 2026. Checked October 2026.

What's different about borrowing in Aurora

Aurora is in York Region, so a purchase pays Ontario's land transfer tax and not Toronto's. Our land transfer tax calculator shows the amount.
Aurora's 2026 residential property tax rate is 0.873953% of the home's assessed value, counting the Town, York Region and education parts (Town of Aurora, 2026 Property Tax Rates, checked October 2026). MPAC sets the assessed value, and it is not the price you pay, so ask for the seller's current tax bill. Lenders count property tax in the housing costs they qualify you on (CMHC debt-service rules, checked October 2026).
A two-bedroom apartment in the Toronto census metropolitan area (CMA), which includes Aurora, rented for $2,046 a month on average in October 2025, up from $1,974 a year earlier (CMHC, checked October 2026). Vacancy was 3.0%. If you rent now, set that rent against a mortgage payment plus property tax, heat and upkeep.
In the 2021 Census, 81.2% of households in the Town of Aurora owned their home, and the median household income in 2020 was $119,000 (Statistics Canada, checked October 2026).
The GO Barrie line stops at Aurora. Weekday morning trains from Aurora are scheduled to reach Union Station in 53 minutes (GO schedule effective 5 and 8 September 2026, checked October 2026). If you will commute, put the fare in your budget next to the mortgage payment.

Outside Toronto you pay Ontario's land transfer tax only — work it out with the land transfer tax calculator. Also useful: Ontario closing costs · down payment rules.

Who we help in Aurora

We help Aurora households buy a first home, move up, renew or refinance. We compare banks, credit unions and monoline lenders (lenders that only do mortgages and work through brokers) first.

If you are moving up, we compare porting your mortgage with breaking it and starting again. Alternative lenders are the next step when a bank's rules don't fit, at a higher cost. Private money is a short bridge only, and we explain its cost first.

Questions from Aurora borrowers

Can I take my current mortgage with me when I move to Aurora?

Often, yes. Many mortgages can be ported, which means carrying the balance and its rate to a new home within a set period. Your contract sets the rules, and any extra amount is approved and priced by the lender.

Do I pay Toronto's land transfer tax in Aurora?

No. Aurora is in York Region, so only Ontario's land transfer tax applies.

Illustrative, not a quote: on the September 2026 median Aurora sale of $1,081,500, Ontario's tax is $18,105, or $14,105 if you qualify for the full $4,000 first-time buyer refund (TRREB median and ontario.ca brackets, checked October 2026).

This is our arithmetic. 0.5% of the first $55,000 is $275, and 1% of the next $195,000 is $1,950. Then 1.5% of the next $150,000 is $2,250, and 2% of the last $681,500 is $13,630.

Your lawyer works out the exact amount at closing.

Can I work with you if I live in Aurora?

Yes. We work with borrowers across Ontario by phone and online, and our office is in Richmond Hill, also in York Region.

Nearby: Newmarket · Richmond Hill · Vaughan

General information for Ontario borrowers, not advice. Stonefield Mortgage is a trade name of Stonefield Capital Inc., FSRA mortgage brokerage licence #13722.

Sources

TRREB, GTA Market Watch, September 2026, checked October 2026.
Town of Aurora, 2026 Property Tax Rates, 2026 tax year, checked October 2026.
CMHC Rental Market Survey, Table 1.0, published 11 December 2025, October 2025, checked October 2026.
Statistics Canada, 2021 Census of Population, Census Profile, Town of Aurora (census subdivision 3519046), 2021 Census, checked October 2026.
GO Transit schedule, table 65 (Barrie line), schedule effective 5 and 8 September 2026, checked October 2026.
Ontario, Calculating land transfer tax, page updated 22 April 2026, checked October 2026.
Ontario, Land transfer tax refunds for first-time homebuyers, page updated 10 February 2026, checked October 2026.
CMHC, Calculating GDS and TDS, debt-service rules for insured mortgages, checked October 2026.
Land transfer tax example: our arithmetic, Ontario's brackets applied to the TRREB September 2026 median, less the $4,000 first-time buyer refund, checked October 2026.

No cost to talk

Talk to a broker about your Aurora mortgage

Tell us what you're planning for a home in Ontario and a good number to reach you. We call back within one business day, usually sooner. We ask for documents only once we know which ones your mortgage needs.

You can also call us at (416) 371-2077.

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