May 2022 – GTA Housing Market News
What is going on with the real estate market?
Here are the May stats:
- The average sale price in the GTA is $1,212,806
- Interest rates have increased and the market has become more balanced
- Buyers are able to be more selective in their purchase and have more negotiating power
- For Sellers it is important to know that not all homes are selling in this market. Some are moving quickly whereas others are sitting for weeks or months.
Milton Real Estate Market
The average price in Milton $1,178,100
Burlington Real Estate Market
The average price in Burlington $1,123,300
Oakville Real Estate Market
The average price in Oakville $1,510,300