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

December 2021 – GTA Housing Market News

What is going on with the real estate market?

Here are the December stats:

• Average sale price across the GTA is up 17.8% year over year ⁠
• Average sale price in the 905 area code for freeholds saw an increase of 33% over last year Dec 2020
• Supply continues to be an issue across all home types ⁠
• Despite continuing waves of COVID-19, demand for ownership housing sustained a record pace in 2021.

Milton Real Estate Market

The average price in Milton $1,348,700

Burlington Real Estate Market

The average price in Burlington $1,228,800

Oakville Real Estate Market

The average price in Oakville $1,445,000

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

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November October September August

November 2021 – GTA Housing Market News

What is going on with the real estate market?

Here are the November stats:

Average sale price is up 13.2% year over year ⁠
⁠
Supply continues to be an issue across all home types ⁠
⁠
First-time buyers made a big come back this year entering the real estate market & as population growth picks up over the next two years we anticipate the condo and townhome segments to remain popular ⁠

Milton Real Estate Market

The average price in Milton $1,316,700

Burlington Real Estate Market

The average price in Burlington $1,224,800

Oakville Real Estate Market

The average price in Oakville $1,418,000

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

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October September August July