October 2022 – GTA Housing Market News

Real Estate stats worth noting

From September to October 2022 home prices & number of transactions fell flat (meaning we saw a 0% increase month over month).

Why?

Simply due to lack of inventory.

Where do home prices sit when looking at the last year? 2 years? 5 years? 10 years?

➡️ Year 6% decrease
➡️ 2 years 11% increase
➡️ 5 years 28% increase
➡️ 10 years 54% increase

This is why it’s important to look at the larger picture and not try to time the market.

Buy and sell when it makes sense for you and your particular situation.

Milton Real Estate Market

The average price in Milton $1,031,770

Burlington Real Estate Market

The average price in Burlington $1,223,189

Oakville Real Estate Market

The average price in Oakville $1,487,485

 

Have questions about the market? Contact us today to learn more!

 

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September August July June May

September 2022 – GTA Housing Market News

What is going on with the real estate market?

Here are the September stats:

• The average sale price in the GTA is $1,086,762
• New listings were also down on a year-over-year basis by 17%. This was the lowest number of new listings reported for the month of September since 2002.
• Sales for the month were down by 44.1 per cent compared to September 2021.

Milton Real Estate Market

The average price in Milton $1,060,886

Burlington Real Estate Market

The average price in Burlington $1,059,736

Oakville Real Estate Market

The average price in Oakville $1,534,810

Have questions about the market? Contact us today to learn more!

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August July June May April

August 2022 – GTA Housing Market News

What is going on with the real estate market?

Here are the August stats:

• The average sale price in the GTA is $1,079,500
• The average selling price was up slightly month-over-month
• The Bank of Canada has increased the interest rate again this week by 75 basis points.

Milton Real Estate Market

The average price in Milton $1,002,514

Burlington Real Estate Market

The average price in Burlington $1,070,005

Oakville Real Estate Market

The average price in Oakville $1,587,619

Have questions about the market? Contact us today to learn more!

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July June May April March

July 2022 – GTA Housing Market News

What is going on with the real estate market?

Here are the July stats:

• The average sale price in the GTA is $1,074,754
•  The average selling price was up by 1.2 per cent compared to July 2021
• Market conditions remained much more balanced 

Milton Real Estate Market

The average price in Milton $1,082,214

Burlington Real Estate Market

The average price in Burlington $1,135,359

Oakville Real Estate Market

The average price in Oakville $1,524,237

Have questions about the market? Contact us today to learn more!

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June May April March February

June 2022 – GTA Housing Market News

What is going on with the real estate market?

Here are the June stats:

• What is going on with the real estate market?The average sale price in the GTA is $1,146,254
• Higher borrowing costs continued to impact home sales in June 2022
• Bank of Canada has increased the interest rates by 100 basis points

Milton Real Estate Market

The average price in Milton $1,118,800

Burlington Real Estate Market

The average price in Burlington $1,074,800 

Oakville Real Estate Market

The average price in Oakville $1,471,100

Have questions about the market? Contact us today to learn more!

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May April March February January

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

Have questions about the market? Contact us today to learn more!

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April March February January December

April 2022 – GTA Housing Market News

What is going on with the real estate market?

Here are the April stats:

• The average selling price was up in the GTA by 15% year-over-year
• The average sale price in the GTA is $1,254,436
• The number of sales is down 41% year over year and down 27% from last month.
• Still seller’s market, average time on the market is longer as we have about six weeks of inventory right now

Milton Real Estate Market

The average price in Milton $1,372,400

Burlington Real Estate Market

The average price in Burlington $1,317,700

Oakville Real Estate Market

The average price in Oakville $1,502,100

Have questions about the market? Contact us today to learn more!

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March February January December November

March 2022 – GTA Housing Market News

What is going on with the real estate market?

Here are the March stats:

• The average selling price was up in the GTA by 18.5 per cent year-over-year
• The average sale price in the GTA is $1,299,894
• The number of sales are also down by about 30 percent over la from last year which means that we are seeing less competition on offer night and we’re seeing more and more buyers able to put in conditional offers when purchasing a home

Milton Real Estate Market

The average price in Milton $1,481,100

Burlington Real Estate Market

The average price in Burlington $1,383,700

Oakville Real Estate Market

The average price in Oakville $1,595,300

Have questions about the market? Contact us today to learn more!

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February January December November

February 2022 – GTA Housing Market News

What is going on with the real estate market?

I don’t need to tell most of you that the real estate market has been insane, especially the last few months. 

But, what I do want to share is that over the past few weeks we are seeing the market shifting. Showings & offer numbers are down. 

A lot of people are wondering why we are seeing a shift? There are many external factors that affect the market but there are 3 main contributors that we are seeing at the moment. 

1. Buyer fatigue 

2. Higher inventory 

3. Uncertainly in the world 

To be clear we are still in a sellers market, but this shift is allowing buyers to be in less competition when offering on a home.

If you have any questions about your specific situation or the micro market you are interested in, we are always happy to chat.

Milton Real Estate Market

The average price in Milton $1,541,400

Burlington Real Estate Market

The average price in Burlington $1,412,300

Oakville Real Estate Market

The average price in Oakville $1,620,600

Have questions about the market? Contact us today to learn more!

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January December November October

January 2022 – GTA Housing Market News

What is going on with the real estate market?

Here are the January stats:

• The average selling price was up in the GTA by 28.6 per cent year-over-year
• The average sale price in the GTA is $1,242,793⁠
• Listings remained in short supply, resulting in tight market conditions and very strong year-over-year price growth⁠

Milton Real Estate Market

The average price in Milton $1,381,000

Burlington Real Estate Market

The average price in Burlington $1,322,000 

Oakville Real Estate Market

The average price in Oakville $1,564,200

Have questions about the market? Contact us today to learn more!

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December November October September