What a first-time buyer actually pays depends on housing type far more than any average. Condos and townhouses in newer neighbourhoods like Stonebridge typically sit below the citywide benchmark, while a detached home closer to the centre of the city often sits above it.
With 446 residential sales reported for August 2026, 6.6 percent above the 10-year average for the month, entry-level inventory moves quickly when it is priced right, so a first-time buyer working from an honest number rather than a citywide average has a real advantage.
Get your hand-reviewed valuation from Joel Dyck.