How Much Equity Do York Region Downsizers Actually Walk Away With?
A downsizer selling an average Newmarket detached home and buying an average York Region condo is working with a gross price spread of roughly $515,000, before any transaction costs are subtracted. That gross number is the starting point for the math, not the final answer.
The Gross Spread
| Transaction | Average Price | Source |
|---|---|---|
| Newmarket Detached (sell) | $1,119,649 | TRREB MLS®, April 2026 |
| York Region Condo Apt (buy) | $604,220 | TRREB MLS®, April 2026 |
| Gross Spread | ~$515,000 | Illustrative corridor average |
Source: TRREB MLS® market data, April 2026. Independently compiled. Verify all financial decisions with qualified professionals.
Why the Gross Number Is Not the Net Number
Real estate commission, legal fees, mortgage discharge costs, HST on commission, and any land transfer tax on the new purchase all reduce the gross spread before the remaining equity is actually available. See What Is a Seller’s Net Sheet and Why Do You Need One Before Listing for the full breakdown of what comes off the top.
This figure is illustrative, built from corridor averages, not a prediction for any specific property. An individual outcome depends on the condition and pricing of the home being sold and the exact property being purchased.
Quick Answers
Is $515,000 what I would actually receive?
No. That figure is the gross spread between average sale and purchase prices before commission, legal fees, and other closing costs are subtracted.
Does this math apply to a bungalow or townhome purchase too?
The same approach applies. Substitute the average price for whichever home type is the target, and the spread changes accordingly.
Where do I get my home’s specific value instead of an average?
A free, no-obligation home value estimate at pambechard.com gives a figure specific to your property rather than a corridor average.
Should I talk to a financial advisor before relying on this number?
Yes. This post is informational, not financial advice. A financial professional can model your specific net outcome.
Want the numbers that apply to your specific home or move? Get a free, no-obligation home value estimate at pambechard.com. Pam Bechard, Listing Strategist with Royal LePage RCR Realty, will follow up directly with the comparable sales behind your number.
About Pam Bechard
Pam Bechard is a Listing Strategist with Royal LePage RCR Realty serving York Region and South Simcoe, Ontario. With nearly 15 years of experience, she works with buyers, sellers, and downsizers navigating the YRSS market. Her approach is data-first, pressure-free, and grounded in verified local market intelligence.
Get your free home value estimate → pambechard.com · 905-716-2736 · pambechard@royallepage.ca
