December 2022 – GTA Housing Market News
What is going on with the real estate market?
Here are the December stats:
- The average sale price in the GTA is $1,051,216
- Housing market experienced a marked adjustment in 2022 compared to record levels in 2021.
- Existing affordability issues brought about by a lack of housing supply were increased by the interest rate hikes by the Bank of Canada.
- Prices have leveled off in Milton, the average home prices in December is the same average price in June and July of 2022.
![](https://katherinebarnett.com/wp-content/uploads/2023/01/Blue-Photo-Modern-Listing-Presentation.png)
Milton Real Estate Market
![](https://katherinebarnett.com/wp-content/uploads/2023/01/2-1024x1024.png)
The average price in Milton $1,069,068
Burlington Real Estate Market
![](https://katherinebarnett.com/wp-content/uploads/2023/01/3-1024x1024.png)
The average price in Burlington $1,070,036
Oakville Real Estate Market
![](https://katherinebarnett.com/wp-content/uploads/2023/01/4-1024x1024.png)
The average price in Oakville $1,449,722
![](https://katherinebarnett.com/wp-content/uploads/2023/01/6-1024x1024.png)