The average price of a home in Ajax, Ontario fell to $900,403 in August, down 1.2 percent from the previous month, according to the latest Zolo.ca market data. Prices are up just 0.4 percent from a year earlier.
Sales volume also eased, with 77 homes sold in the most recent 28-day period ending August 17. While the data may be slightly understated due to late reporting — about 30 percent of transactions may not yet be recorded — the trend points to a market that is cooling after a period of relative stability.
Despite the pullback, Ajax homes are still selling faster than anywhere else in the Greater Toronto Area. The average home spends just 25 days on the market, tied with Bradford West Gwillimbury for the quickest turnaround in the region. Sellers are also getting close to their asking prices, with a selling-to-listing ratio of 99 percent.
The biggest price declines are hitting townhouses. Four-bedroom townhomes are down 14 percent compared to last year, falling from $915,000 to $789,000. Other property types have seen more modest changes, contributing to Ajax’s overall year-over-year price growth of only 0.4 percent.
GTA-wide, the market is tightening. TRREB reported 5,995 home sales in July 2026, down 0.9 percent from a year earlier, while new listings fell 17.8 percent to 14,484. The region’s average price sits at $1,003,956, down 4.5 percent year-over-year.
Ajax’s market stability is notable in comparison. It ranks fifth among 23 GTA cities for price growth, even as other communities post declines. The Bank of Canada’s policy rate has held at 2.25 percent for six consecutive meetings, offering no immediate relief to buyers facing high borrowing costs.
