Burlington, Oakville & Milton Real Estate Market Update January

02.11.21 | For Buyers

Housing Market Insight January 2021

It’s been a busy month in the market. We are still in a very hot sellers market. Over the past few weeks we have seen an increase in supply, although it continues to remain much lower than demand. ⁠

⁠Market values have dramatically changed over the last few months. With the average sale price across the GTA at a high of $968,000.  These are huge price increases, with the Milton real estate market in particular seeing massive year over year growth.

January 2021 GTA Real Estate Market Report

 

Milton Real Estate Market

Milton Real Estate Market Stats - Jan 2021

The average sale price in Milton is $1,000,351 it is up 26.4% year over year.

 

Burlington Real Estate Market

Burlington Real Estate Market Stats - Jan 2021

The average sale price in Burlington is $973,793.

Oakville Real Estate Market

Oakville Real Estate Market Stats - Jan 2021

The average sale price in Oakville is $1,397,462.

 

With supply so low, it is a great time to sell. ⁠

 

 

Previous market updates: December, November, October

Do you have questions about the market stats in your specific neighbourhood?

Reach out to learn more about your local market—and how we can help!

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01.7.21 | For Buyers

December 2020 Market Statistics

December’s market update is here!

Before sharing December’s market stats, we first want to recap 2020 and then finish this off by touching on 2021 predictions.

2020 RECAP

Despite the year we had with COVID, economic uncertainty & lockdowns, it was a record breaking year in Real Estate. The average sale price across the GTA reached a new record of almost $930,000. That is up 13% year over year. We saw a lot of competition for single family homes last year, which resulted in them experiencing the strongest price growth in the suburbs.

DECEMBER’S MARKET STATS

 

Let’s look at the December stats for Milton, Burlington and Oakville.

 

 

 

 

 

PREDICTIONS

Now let’s talk about 2021 predictions. The real estate market was extremely competitive in 2020 and we are expecting 2021 to be no different.

There are 4 main factors that will impact the real estate market this year.

⁠1. Immigration – In 2020 immigration dropped although Canada is planning on welcoming 1.2 million people between 2021 & 2023. ⁠⠀

⁠2. Interest rates – Interest rates have been at an all time low and are expected to stay low throughout 2021.

⁠3. Housing supply – We have been in a sellers market for months now and with people continuing to make significant lifestyle changes we don’t anticipate this changing. Currently supply is extremely low, so if you have been thinking about selling now is a great time.

⁠4. COVID 19 – The pandemic has caused buyer preferences to change. 2020 had many of us reconsider what is important to us, especially when it comes to our home. We anticipate home-buyer trends to continue to shift in 2021. ⁠⠀

 

RE/MAX Canada is currently anticipating that Ontario will experience 7-12% price growth in 2021.

Do you have questions about the GTA real estate market?

Reach out to learn more about your local market—and how we can help!

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Your Quick Guide To Milton Real Estate | The Katherine Barnett Team

11.25.20 | For Buyers

Your Quick Guide To Milton Real Estate

Are you ready to buy a home? Before you jump into the Milton real estate market, you should make sure you know what you want. From price points to property types to local schools and green spaces, there’s no shortage of things to keep in mind. Fortunately, getting to know the town—and taking a bit of time to set your home-buying criteria—can help ensure that you find the picture-perfect place to live.

Learn how to find the right home here in our Milton real estate guide…

 

Your Price Range

Wondering how much your dream home will set you back in Milton? If you’re in the market for a house, you can likely expect to pay somewhere between $850,000 and $1.5 million. If you’re more interested in a condo, prices will probably be in the $450,000 to $600,000 range (with two-bedroom units typically on the higher end).

Affordability is one of the most important things to consider as you embark on the home hunt. When you start budgeting, be aware that experts recommend spending no more than 30 per cent of your monthly income on household expenses—including mortgage payments.

 

Neighbourhoods To Meet Your Needs

No matter what you’re looking for in a home, you’ll likely find it in one of Milton’s wonderful communities. Here are just a few of our favourite options.

Ideal For Families

Beaty

If you’re looking for the ideal family-friendly community, you can’t go wrong with Beaty. This idyllic area contains twelve parks, a wonderful library, and two of the best places for kids to get an education in Milton (Hawthorne Village Public School and Guardian Angels Catholic School).

When it comes to real estate, you’ll find a mix of single-family homes, townhouses, and semi-detached options. Brick facades and front porches give these properties a comfy, traditional feel.

Dorset Park

It’s one of the oldest neighbourhoods in Milton. Leafy greenery, convenient amenities, and easy access to GO Transit make Dorset Park perfect for families. While this picturesque community is located near the core, it feels like a hidden gem.

There’s plenty of wonderful housing stock here, including beautiful Neo-Colonial and Tudor options, bungalows, and even some townhouses. Spacious lots and mature trees only add to the appeal of this charming neighbourhood.

Timberlea

In the heart of Milton, you’ll find Timberlea. Its tree-lined streets and central location make it a favourite among home buyers. Close proximity to great schools and fantastic shopping (including Milton Mall and the retail along Nipissing Road) only make it a more in-demand place to live.

Most Timberlea houses are a few decades old, and they tend to be on the larger size—as do the lots they’re built on. The area is home to an abundance of split levels, many of which feature garages and plenty of storage space. Needless to say, this community is one of the most attractive in town for growing families!

 

Historical Gems

Old Milton

Looking for a gorgeous historical home? In Old Milton, you’ll find an array of spacious older houses—many of which have been here for over a hundred years. The lots are generous too! If you’re searching for something a little more economical, check out the local selection of post-war bungalows.

Old Milton is also home to some of the prettiest parks in town Rotary Park is ideal for tennis enthusiasts, while Mill Pond features a picturesque gazebo and waterfront). Quaint local businesses, which include buzz-worthy eateries and boutiques, keep things lively.

 

Newer Homes

For some buyers, there’s nothing quite like a brand new living space. Here are a couple of communities where the homes are pristine.

Ford

Ford is one of the newest neighbourhoods in Milton—and one of the most family-oriented. With its great schools (including several Catholic options), ample green space, and access to grocery stores and other amenities, this pretty community is the perfect place to raise kids.

Here you’ll find spacious new-build homes situated on wide lots. Typical features include garages, front porches, and big windows that look out onto the street. The area is also highly walkable, and there are plenty of bike lanes for local cyclists.

Willmott

Willmott is a perfectly-planned community that was developed in the mid-2000s. Its key attractions include Milton Community Park (a 7.2 hectare green space) and Milton Sports Centre (with fitness, aquatic, and sports facilities).

Large single-family homes, townhouses, and semi-detached options are plentiful here. These recently-built living spaces are in great condition—and the red-brick exteriors that many of them boast lend the area a certain charm.

Scott

If it’s gorgeous green space you’re after, you’ll find it in Scott. Parkland and protected natural areas surround the community, providing plenty of natural beauty. For those who want to give their kids a faith-based education, nearby Queen of Heaven Catholic Elementary is highly reputable.

Homes here tend to be on the pricier side, but they’re worth it. We’re talking about plenty of square footage, immaculate interiors, and yards that serve as private oases. Another housing highlight is the Green Life condo building, which offers low maintenance fees and incredible energy-efficiency!

 

Advice For Buyers

If you’re preparing to buy the ideal piece of Milton real estate, there’s one thing to keep in mind. The town is growing incredibly quickly. In particular, detached homes are in high demand—so make sure you’re ready for the competition.

One of the best ways to appeal to sellers is by making a firm offer. That means no conditions. To take this step safely, you’ll want to have your financing in place—and be comfortable accepting the results of a pre-listing inspection.

You should also ensure that your deposit funds are easily accessible, since you may have to act fast when you find the right property!

Are you starting the search for your perfect home and have questions about the Milton real estate market? Reach out today!

 

Take the Tour

October Market Statistics

11.13.20 | For Buyers

October 2020 Market Statistics

October Market Statistics Milton October Market Statistics Burlington

 

Do you have questions about the GTA real estate market? Reach out to learn more about your local market—and how we can help!