Yukon Housing Market Update: Record-Breaking Sales, Rising Diversity, and a Tight Rental Supply

by Joanna Gerber

Yukon’s residential real estate market surged to unprecedented levels in June 2025, setting a new monthly sales record and pushing the year-to-date figures to their highest on record. A 33.3% increase over June 2024 was seen. These figures were not just seasonally strong but exceeded both the five-year and ten-year June averages by 28.3% and 30.5%, respectively.

Sales

The number of homes sold in the first six months of 2025 rose 17.4% from the same period last year, according to the Yukon Real Estate Association. It marks a record-setting first half of the year for sales volume in Yukon, driven by sustained demand, relatively stable prices, and moderately rising inventory.

Prices

Despite the acceleration in sales, price growth has remained moderate. The average sale price in June 2025 was $584,374, up just 0.9% year-over-year. The year-to-date average price of $569,762 reflects a 3.6% gain compared to the first half of 2024. Though modest, this upward movement brought average home values to their highest monthly level since September 2024.

Inventory and Supply

Inventory remains relatively tight. Active listings at the end of June were up 20.6% from last year, showing supply is increasing, although they remain 3.6% below the five-year average. June’s months of inventory stood at 2.8, highlighting seller-friendly conditions despite improvements in stock levels.

Q2 Sales

While single detached homes have long dominated Yukon’s housing market, Q2 2025 data shows a pronounced shift toward attached and multi-unit dwellings. Residential sales reached 201 units in Q2, for a 21.8% year-over-year increase and the highest quarterly total ever recorded.

Detached Homes

Sales declined 10.3% from Q2 2024, with 87 units sold, down from 97. Despite this decline, homes in the $500,000 to $600,000 range remained the most in demand, while homes priced over $800K sold the fastest. Inventory rose to 3.2 months (up from 2.3), reflecting a more balanced dynamic. Despite this, homes continued to sell faster on average.

Townhouses and Row Units

Sales activity surged by 65.2%. Units priced between $500K and $550K saw the most competition, while those priced from $450K to $500K sold fastest. Inventory tightened to 2.1 months, down sharply from 3.7 in Q2 2024.

Apartments

Q2 2025 marked a dramatic shift in the multi-unit sector, with apartment sales more than doubling compared to the same period last year, reflecting a 116.7% increase. The most active price segment was between $400,000 and $450,000, while the quickest sales occurred in the lower-priced range below $350,000. Despite strong sales, apartment inventory remained elevated at 4.2 months. However, this too was down from 5.1 a year earlier.

Yukon’s Rental Market: Tight with Slight Upward Pressure on Rents

In buildings with three or more rental units, typically apartment buildings, the median rent in Whitehorse was $1,310. This represents a modest increase from both October 2023 (+$60) and April 2024 (+$16).

Bar graph showing median monthly rent in Whitehorse for October 2024 by building type; condos have the highest rent, triplex/quadplex the lowest.

Source: Yukon Bureau of Statistics

Bar chart showing vacancy rates by building type in Whitehorse, October 2024. Townhouse/Row units have the highest rate, apartments the lowest. Other types fall in between.