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Vaughan · York Region

Mortgages in Vaughan, compared across lenders

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

We help Vaughan borrowers finance resale and newly built homes, renew and refinance, comparing banks, credit unions, trust companies and monoline lenders. In September 2026 the median Vaughan sale was $1,080,000, across 213 sales (TRREB, checked October 2026). Every mortgage is subject to lender approval; we arrange mortgages for properties in Ontario only.

Vaughan in numbers

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

Home sales, September 2026

Median sale price
$1,080,000
Average sale price
$1,163,441
Sales
213
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: 108 sales, median $1,442,500. January to September 2026: 2,206 sales, median $1,090,000.

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

Residential property tax rate, 2026

Total rate
0.749217%

Made up of City 0.203805% + 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: City of Vaughan By-law 103-2026 (2026 tax rates), Schedule A, passed 26 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
85.9%
Median household income (2020)
$124,000

City of Vaughan (census subdivision 3519028): 103,915 households, population 323,103. Income is for 2020, the year before the census.

Source: Statistics Canada, 2021 Census of Population, Census Profile, City of Vaughan (census subdivision 3519028). Checked October 2026.

GO Barrie line to Union Station

Scheduled time
33 min

GO train stations: Maple and Rutherford. The time is for the weekday 7:26 and 8:06 a.m. trains from Maple. From Rutherford it is 29 min.

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

What's different about borrowing in Vaughan

  • Vaughan is in York Region, outside the City of Toronto, so a purchase here pays Ontario's land transfer tax only. Our land transfer tax calculator shows the amount.
  • Vaughan's 2026 residential property tax rate is 0.749217% of the home's assessed value, counting the City, York Region and education parts (City of Vaughan By-law 103-2026, 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 Vaughan, 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, 85.9% of households in the City of Vaughan owned their home, and the median household income in 2020 was $124,000 (Statistics Canada, checked October 2026).
  • The GO Barrie line stops at Maple and Rutherford. Weekday morning trains from Maple are scheduled to reach Union Station in 33 minutes, and trains from Rutherford in 29 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 Vaughan

We help Vaughan 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.

On a pre-construction home the lender approves the mortgage near closing, so we start again well before then. 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 Vaughan borrowers

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

No. Vaughan is in York Region, so you pay Ontario's land transfer tax only. First-time buyers may qualify for a refund of part of it.

Illustrative, not a quote: on the September 2026 median Vaughan sale of $1,080,000, Ontario's tax is $18,075, or $14,075 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 $680,000 is $13,600.

Your lawyer works out the exact amount at closing.

How does a mortgage work on a pre-construction home in Vaughan?

The lender approves the mortgage near closing, based on your income at that time and the lender's value of the finished home. A pre-approval from signing day will have expired, so we start again well before closing. Every mortgage is subject to lender approval.

What if the home is valued below what I paid?

You cover the gap from savings or other sources. The lender lends on the lower of the price and its appraised value, and planning for that before closing is part of what we do.

Nearby: Richmond Hill · North York · Brampton · Etobicoke

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

Sources

No cost to talk

Talk to a broker about your Vaughan 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.

What are you looking to do?
Roughly how large is the mortgage?

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We use these details to call you back about your mortgage, and store them in Canada. If we introduce you to a partner broker, we tell you first and share only what you have given us here. See our privacy policy. Stonefield Mortgage is a trade name of Stonefield Capital Inc., FSRA mortgage brokerage licence #13722. A pre-approval or quote is subject to lender approval.