New Townhomes Under $600K in York Region (2026)

Quick answer: New townhomes under $600,000 are rare in York Region in 2026. Most new townhome projects in Markham, Richmond Hill, Vaughan, Newmarket and Aurora start in the $700Ks or higher. Walnut Creek by Acorn Developments, in Sharon, East Gwillimbury, starts from the high $500s: 43 back-to-back and rear-lane townhomes, launching Fall 2026, minutes from East Gwillimbury GO and Highway 404.

High $500sWalnut Creek starting price

$700Ks+Typical recent resale townhome sales in East Gwillimbury

43Homes in the whole community

Why sub-$600K townhomes are hard to find

Land, development charges and construction costs have pushed most new York Region townhomes well past $600,000. In the southern municipalities, new townhomes regularly start above $1 million. Even resale townhomes in East Gwillimbury, one of York Region's most affordable towns, have generally sold from the $700Ks upward over the past year.

That leaves two realistic paths for buyers with a budget under $600K: an older resale townhome or a condo apartment, or one of the few new townhome projects priced to compete with condos. Walnut Creek is one of them.

Walnut Creek: a new townhome from the high $500s

Builder: Acorn Developments, building in the GTA since 1988
Location: Green Lane, Sharon, East Gwillimbury, York Region
Home types: back-to-back and rear-lane townhomes
Community size: 43 homes
Launch: Fall 2026

Registrants receive the price list for both designs, floor plans and the deposit structure before the public release.

Get the price list first

Who Walnut Creek suits

Condo owners moving up

Your own front door, a garage on the rear-lane designs, and more space, for a price close to many GTA condos.

First-time buyers priced out of Newmarket and Aurora

Newmarket is about 10 minutes south down Green Lane, so you keep access to Upper Canada Mall and Southlake hospital at a lower entry price.

Commuters

East Gwillimbury GO (Barrie line to Union) is about 3 minutes away and the Highway 404 interchange about 5.

Budgeting for a new townhome under $600K

Deposit: pre-construction deposits are usually paid in instalments before closing. Ask for the full schedule.
Mortgage pre-approval: get pre-approved early. Lenders qualify you at closing, not at signing.
First-time buyer programs: the FHSA, RRSP Home Buyers' Plan and Ontario land transfer tax refund can all apply. Check current limits with your lender or accountant.
Closing costs: budget for land transfer tax, legal fees and any adjustments in the builder agreement. Ask whether development charges are capped.
Monthly fees: back-to-back and rear-lane towns may carry a common-element fee. Confirm it before signing.

Frequently asked questions

Can you still buy a new townhome under $600,000 in York Region?

Yes, but options are limited. Walnut Creek by Acorn in East Gwillimbury starts from the high $500s and launches in Fall 2026.

What is the cheapest area in York Region for a new townhome?

East Gwillimbury, in northern York Region, has some of the lowest new townhome prices in the region, with Walnut Creek in Sharon starting from the high $500s.

How do I get Walnut Creek pricing?

Register on the Walnut Creek page. Registrants receive the price list, floor plans and deposit structure before the public release.

Presented by UB Realty Inc., Brokerage. Resale figures are approximate and based on recent publicly reported East Gwillimbury sales; they are not an appraisal. Prices and availability are set by the builder and subject to change without notice. This is not financial or mortgage advice. E.&O.E.