𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for February 2024 vs. 2023 home sales in Toronto, Mississauga, Oakville, Burlington 📢

February’s real estate market brought an uptick in activity signalling the start of the spring market. “The market assumption is that the Bank of Canada has finished hiking rates. Consumers are now anticipating rate cuts in the near future. A growing number of homebuyers have also come to terms with elevated mortgage rates over the past two years.” said TRREB President Jennifer Pearce

The sub $1,000,000 price point has experienced a surge in activity and multiple offers in some west GTA areas, largely driven by affordability as this price point does not require a 20% or greater down payment.

𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝗼𝘂𝗿 𝗻𝗼𝘁𝗮𝗯𝗹𝗲 𝘁𝗮𝗸𝗲 𝗮𝘄𝗮𝘆’𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗙𝗲𝗯𝗿𝘂𝗮𝗿𝘆 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗮𝗰𝘁𝗶𝘃𝗶𝘁𝘆 𝗮𝗻𝗱 𝗵𝗼𝘄 𝗶𝘁 𝗰𝗼𝗺𝗽𝗮𝗿𝗲𝘀 𝗺𝗼𝗻𝘁𝗵 𝗼𝘃𝗲𝗿 𝗺𝗼𝗻𝘁𝗵 𝘄𝗶𝘁𝗵 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝟮𝟬𝟮𝟰:

⬛️ Toronto up across all home types month over month, excluding condo apartments flat to the month prior.

⬛️ Mississauga detached homes and freehold towns up month over month. Semi-detached and condo-townhouses flat, while condo apartments were down from the month prior.

⬛️ Oakville detached homes experienced the greatest increase across all home categories with the average price up $200,000 to the month prior. Freehold townhouses were flat over the month prior, condo townhouses down and condo apartments down a whopping 43% over the same time last year.

⬛️  Market conditions changed rapidly in Burlington for detached homes sold in February. The average price was up $240,000 to the month prior. Condo townhouses also up significantly month over month with a $230,000 increase in the average price. Condo apartments in Burlington continued the trend in Halton with average prices down $100,000.

⬛️ Now is an excellent time to buy a condo apartment whether an end user or an investor as the buying power is greater than this time last year, there is ample supply and less competition.

Be sure to view the full details of each area within our update. Swipe on each image to view.⁣⁣⁣

𝗪𝗮𝗻𝘁 𝘁𝗼 𝗸𝗻𝗼𝘄 𝘄𝗵𝗮𝘁’𝘀 𝗵𝗮𝗽𝗽𝗲𝗻𝗶𝗻𝗴 𝗶𝗻 𝘆𝗼𝘂𝗿 𝗻𝗲𝗶𝗴𝗵𝗯𝗼𝘂𝗿𝗵𝗼𝗼𝗱? Obtain a personalized market analysis by booking a complimentary Buyer or Seller consultation with us via the form below.

𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for January 2024 vs. 2023 home sales in Toronto, Mississauga, Oakville, Burlington 📢

January 2024 sold activity and average home prices were a mixed bag of results within the areas in our report. Interestingly, certain home categories that were up year over year, may be down in average price as compared to December 2023. In most cases however the sales volume is up. What that means is that buyers are out, and more homes are selling.

We are still in more of a buyer’s market, edging to balanced in most areas, however some neighbourhoods are back to multiple offers. The market is unpredictable and should be considered on a more micro level.

𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝗼𝘂𝗿 𝗻𝗼𝘁𝗮𝗯𝗹𝗲 𝘁𝗮𝗸𝗲 𝗮𝘄𝗮𝘆’𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗮𝗰𝘁𝗶𝘃𝗶𝘁𝘆 𝗮𝗻𝗱 𝗵𝗼𝘄 𝗶𝘁 𝗰𝗼𝗺𝗽𝗮𝗿𝗲𝘀 𝗺𝗼𝗻𝘁𝗵 𝗼𝘃𝗲𝗿 𝗺𝗼𝗻𝘁𝗵 𝘄𝗶𝘁𝗵 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟮𝟬𝟮𝟯 📑

◼️ Toronto detached homes average price up $300,000 over December 2023 and with almost 7 x more homes sold which is excellent. Semi-detached up over last year, and month over month. Freehold townhouses down almost 23% over last year however up 300k over December.

◼️ Mississauga detached homes average price up $200,000 over December 2023 and up almost 16% over last year.  Slight dip in freehold townhouses year/year although average price up over December. Condo apartments down 5% over last year

◼️ Oakville detached homes up 12% over last year, still over the $2m mark however down 200k to December. Biggest drop in Oakville condos, down 26% over last year and average price flat to December.

◼️ Opportunity knocks in Burlington as a more affordable area to get into a detached home. Average price down almost 10% to last year, and down $50k to January – coming in at just under $1.2m as the average detached home price in January. Where Oakville condos were down, Burlington condo values up 23% over last year.

Be sure to view the full details of each area within our update. Swipe on each image to view.⁣⁣⁣

𝗪𝗮𝗻𝘁 𝘁𝗼 𝗸𝗻𝗼𝘄 𝘄𝗵𝗮𝘁’𝘀 𝗵𝗮𝗽𝗽𝗲𝗻𝗶𝗻𝗴 𝗶𝗻 𝘆𝗼𝘂𝗿 𝗻𝗲𝗶𝗴𝗵𝗯𝗼𝘂𝗿𝗵𝗼𝗼𝗱? Obtain a personalized market analysis by booking a complimentary Buyer or Seller consultation with us via the form below.

𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for December 2023 vs. 2022 home sales in Toronto, Mississauga, Oakville, Burlington 📢

The last month of 2023 continued on the same trend as the fall months, however with a slight uptick in activity over November. Market conditions continue to be favourable for Buyers 𝘩𝘰𝘸𝘦𝘷𝘦𝘳 𝘪𝘯 𝘤𝘦𝘳𝘵𝘢𝘪𝘯 𝘢𝘳𝘦𝘢𝘴 𝘢𝘯𝘥 𝘩𝘰𝘮𝘦 𝘵𝘺𝘱𝘦𝘴/𝘱𝘳𝘪𝘤𝘦 𝘱𝘰𝘪𝘯𝘵𝘴 𝘸𝘦 𝘩𝘢𝘷𝘦 𝘴𝘦𝘦𝘯 𝘢 𝘥𝘪𝘴𝘵𝘪𝘯𝘤𝘵 𝘪𝘯𝘤𝘳𝘦𝘢𝘴𝘦 𝘢𝘴 𝘤𝘰𝘮𝘱𝘢𝘳𝘦𝘥 𝘵𝘰 𝘫𝘶𝘴𝘵 𝘰𝘯𝘦 𝘮𝘰𝘯𝘵𝘩 𝘱𝘳𝘪𝘰𝘳.

𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝗼𝘂𝗿 𝗻𝗼𝘁𝗮𝗯𝗹𝗲 𝘁𝗮𝗸𝗲 𝗮𝘄𝗮𝘆’𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗮𝗰𝘁𝗶𝘃𝗶𝘁𝘆 𝗮𝗻𝗱 𝗵𝗼𝘄 𝗶𝘁 𝗰𝗼𝗺𝗽𝗮𝗿𝗲𝘀 𝗺𝗼𝗻𝘁𝗵 𝗼𝘃𝗲𝗿 𝗺𝗼𝗻𝘁𝗵 𝘄𝗶𝘁𝗵 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟮𝟬𝟮𝟯 📑

◼️ Toronto average home values flat across all categories to the month prior, with the exception of freehold townhouses up $300,000 over November and a whopping 31.8% year/year. Freehold Toronto detached home values also flat year/year.

◼️ Mississauga average home values across all categories flat to the month prior, with the exception of semi-detached homes up $100,000 and condo apartments down slightly. All Mississauga home types down year/year. This provides for an excellent opportunity to buy/invest in Mississauga real estate.

◼️ Oakville is on fire and continues with the largest increase in freehold detached and semi-detached homes. Average freehold home values up $360,000 over November, and with a 22% increase in average price over December 2022.  Semi-detached up $380,000 over November.

◼️Opportunity knocks for Oakville condos, down $120,000 over November and down 22% over last year

◼️ Burlington with interesting results for December. Detached home values down $120,000 month/month and down 14% over last year. Condo townhouses up $140,000 over November, and up 16% year/year.

◼️ Huge opportunity to buy a detached home in Burlington. December’s average price for detached was only $1,265,746 for detached, making this the most affordable in the areas in our report. When the market heats up, those priced out of Oakville will go into Burlington. Buy now! If you’re investing and want to buy under $1,000,000 – we can get a freehold townhouse in an affordable price point. Rental rates in Burlington are comparable to Oakville – therefore this is also opportune.

Be sure to view the full details of each area within our update. Click on each image to view.⁣⁣⁣

𝗪𝗮𝗻𝘁 𝘁𝗼 𝗸𝗻𝗼𝘄 𝘄𝗵𝗮𝘁’𝘀 𝗵𝗮𝗽𝗽𝗲𝗻𝗶𝗻𝗴 𝗶𝗻 𝘆𝗼𝘂𝗿 𝗻𝗲𝗶𝗴𝗵𝗯𝗼𝘂𝗿𝗵𝗼𝗼𝗱? Obtain a personalized market analysis by booking a complimentary Buyer or Seller consultation by completing the form below, or give us a call anytime at 647-293-3785

𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for November 2022 vs. 2023 home sales in Toronto, Mississauga, Oakville, Burlington 📢

It’s no secret that home sales in Toronto and the west GTA slowed down considerably in November. Sales volume was at the second lowest amount since 2008.

Year over year average prices show increase and decrease across the various home types in Toronto, Mississauga, Oakville, Burlington.

Of the areas in our report, Oakville had the greatest improvement in value over November 2022.

𝐓𝐡𝐞 𝐰𝐢𝐧𝐭𝐞𝐫 𝐦𝐨𝐧𝐭𝐡𝐬 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐞 𝐟𝐨𝐫 𝐁𝐮𝐲𝐞𝐫𝐬 𝐭𝐨 𝐞𝐧𝐭𝐞𝐫 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭. December and January are the best months to buy. Mortgage interest rates are anticipated to lower in 2024 – don’t wait on the sidelines. It is a very attractive time to buy a house at an excellent value! Let’s chat about the possibilities.

𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝗼𝘂𝗿 𝗻𝗼𝘁𝗮𝗯𝗹𝗲 𝘁𝗮𝗸𝗲 𝗮𝘄𝗮𝘆’𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗮𝗰𝘁𝗶𝘃𝗶𝘁𝘆 𝗮𝗻𝗱 𝗵𝗼𝘄 𝗶𝘁 𝗰𝗼𝗺𝗽𝗮𝗿𝗲𝘀 𝗺𝗼𝗻𝘁𝗵 𝗼𝘃𝗲𝗿 𝗺𝗼𝗻𝘁𝗵 𝘄𝗶𝘁𝗵 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝟮𝟬𝟮𝟯 📑

◼️ Toronto month over month average freehold detached home values down $100,000. Freehold townhouse down $230,000 month over month AND down almost 10% year/year.

◼️ Mississauga average detached home price up year over year however down $165,000 month over month. Semi-detached home values up almost $100,000 month/month and up 7% year/year.

◼️ Good news for Oakville real estate. Average freehold detached home values up $100,000 month over month. All other home types flat to October and up over last year, with the exception of condo townhouses – down a whopping 17% over last year.

◼️ Burlington home values down across all home types month over month, except for condo apartments which were flat (and up over last year by almost 19%). Average freehold detached home value was down $100,000 month/month. Big drop in freehold townhouses down $180,000 month/month. Condo townhouses also down $95,000 month/month.

Be sure to view the full details of each area in our update. Click on each infographic image to view.

𝗪𝗮𝗻𝘁 𝘁𝗼 𝗸𝗻𝗼𝘄 𝘄𝗵𝗮𝘁’𝘀 𝗵𝗮𝗽𝗽𝗲𝗻𝗶𝗻𝗴 𝗶𝗻 𝘆𝗼𝘂𝗿 𝗻𝗲𝗶𝗴𝗵𝗯𝗼𝘂𝗿𝗵𝗼𝗼𝗱? Obtain a personalized market analysis by booking a complimentary Buyer or Seller consultation by completing the form below or give us a call anytime at 647-293-3785.

𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for October 2022 vs. 2023 home sales in Toronto, Mississauga, Oakville, Burlington 📢

Balanced market conditions continued in October while supply became more abundant. For context, across all of the Toronto Regional Real Estate Board new listings were up 38% year over year, and there were 50% more active listings on the market as compared to October 2022.

Note that we were at a 12 year historic inventory low in October 2022.

𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝗼𝘂𝗿 𝗻𝗼𝘁𝗮𝗯𝗹𝗲 𝘁𝗮𝗸𝗲 𝗮𝘄𝗮𝘆’𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗮𝗰𝘁𝗶𝘃𝗶𝘁𝘆 𝗮𝗻𝗱 𝗵𝗼𝘄 𝗶𝘁 𝗰𝗼𝗺𝗽𝗮𝗿𝗲𝘀 𝗺𝗼𝗻𝘁𝗵 𝗼𝘃𝗲𝗿 𝗺𝗼𝗻𝘁𝗵 𝘄𝗶𝘁𝗵 𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝟮𝟬𝟮𝟯 📑

◼️ Toronto home values trending at the same pace month over month with values flat. Toronto average freehold detached home price up 6.7% year/year. Condo townhouses down 4% and condo apartments down 1.5%

◼️ Mississauga detached home sales outperformed all of the other areas in our report with values up $120,000 month over month and 12.6% year/year.

◼️ Oakville experienced the largest drop in month over month average detached home prices down $200,000 from September 2023 and down 4.3% year/year. It’s been a long time since we’ve seen the Oakville average detached home price under $1.8 million. This is a great opportunity for those who may have been priced out of Oakville in the past.

◼️ Steep drop in Oakville condo townhouses down $230,000 month over month and down a whopping 20% year/year. This is a terrific category for investors to buy in at these prices and rent as the rental market has shot up.

◼️ Burlington average detached home prices up a healthy $100,000 month over month and a more modest 2.2% year/year. Condo apartments down slightly month/month however they took a dive in values year/year down almost 18%. Another excellent opportunity for investors.

Be sure to view the full details of each area in our update. Click on each infographic image to view.

𝗪𝗮𝗻𝘁 𝘁𝗼 𝗸𝗻𝗼𝘄 𝘄𝗵𝗮𝘁’𝘀 𝗵𝗮𝗽𝗽𝗲𝗻𝗶𝗻𝗴 𝗶𝗻 𝘆𝗼𝘂𝗿 𝗻𝗲𝗶𝗴𝗵𝗯𝗼𝘂𝗿𝗵𝗼𝗼𝗱? Obtain a personalized market analysis by booking a complimentary Buyer or Seller consultation by completing the form below, or give us a call anytime at 647-293-3785

𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for September 2022 vs. 2023 home sales in Toronto, Mississauga, Oakville, Burlington 📢

In our day to day real estate activity we are indeed experiencing balanced conditions that favour the Buyer, however this is on a case by case scenario as some neighbourhoods currently have a lot more product/selection on the market than others. Generally speaking, a turn key (renovated) property is going to be the most appealing in today’s market, and/or those with distinctive property features or lot size.

Please note that in September 2022 the Bank of Canada target overnight rate was at 3.25%. Today it’s at 5%. Therefore this should be a subjective consideration when reviewing the year/year figures.

𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝗼𝘂𝗿 𝗻𝗼𝘁𝗮𝗯𝗹𝗲 𝘁𝗮𝗸𝗲 𝗮𝘄𝗮𝘆’𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗮𝗰𝘁𝗶𝘃𝗶𝘁𝘆 𝗮𝗻𝗱 𝗵𝗼𝘄 𝗶𝘁 𝗰𝗼𝗺𝗽𝗮𝗿𝗲𝘀 𝗺𝗼𝗻𝘁𝗵 𝗼𝘃𝗲𝗿 𝗺𝗼𝗻𝘁𝗵 𝘄𝗶𝘁𝗵 𝗔𝘂𝗴𝘂𝘀𝘁𝟮𝟬𝟮𝟯 📑

◼️ Toronto freehold detached homes up $90,000 month over month and 7% year/year. All other home type values flat to August 2023, and slightly down in price year/year with the exception of semi’s up 5% over 2022.

◼️ Mississauga detached homes down $125,000 month over month. Semi-detached, freehold and condo townhouses up $40,000 – $70,000. Condo apartments flat. All home categories up as compared to year/year.

◼️ Oakville freehold detached homes flat month over month, however up 6.6% year/year. All other home types pretty much consistent with August 2023, except for condo apartment which saw a decline in the average price by $75,000 and down 8.8% over last year.

◼️ Burlington detached homes down $70,000 month over month and down 5.4% year/year. All other home types flat on a month over month and year/year basis. Condo apartments the exception – prices flat as compared to August however down 13.6% over last year. It’s a great time to invest in a Burlington condo whether as an end user or as a rental property.

Be sure to view the full details of each area within our update. Swipe on each image to view.

𝗪𝗮𝗻𝘁 𝘁𝗼 𝗸𝗻𝗼𝘄 𝘄𝗵𝗮𝘁’𝘀 𝗵𝗮𝗽𝗽𝗲𝗻𝗶𝗻𝗴 𝗶𝗻 𝘆𝗼𝘂𝗿 𝗻𝗲𝗶𝗴𝗵𝗯𝗼𝘂𝗿𝗵𝗼𝗼𝗱? Obtain a personalized market analysis by booking a complimentary Buyer or Seller consultation by completing the form below, or give us a call anytime at 647-293-3785.

Thank you for your support in the first round of nominations for the 2023 Readers Choice Awards!

We are excited to share that Tanya is in the 𝐭𝐨𝐩 𝟗 𝐚𝐬 𝐁𝐞𝐬𝐭 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 𝐁𝐫𝐨𝐤𝐞𝐫 𝐢𝐧 𝐌𝐢𝐬𝐬𝐢𝐬𝐬𝐚𝐮𝐠𝐚 and 𝐭𝐨𝐩 𝟏𝟏 𝐚𝐬 𝐁𝐞𝐬𝐭 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 𝐀𝐠𝐞𝐧𝐭 and would love your help to land in the top 3.⁣

𝐏𝐋𝐄𝐀𝐒𝐄 𝐕𝐎𝐓𝐄/𝐧𝐨𝐦𝐢𝐧𝐚𝐭𝐞 Tanya Crepulja, Keller Williams Real Estate Associates by October 2nd via the links below for each category:

👉🏼 https://readerschoice.mississauga.com/readerschoice/categories/people-professionals/subcategories/real-estate-broker

👉🏼 https://readerschoice.mississauga.com/readerschoice/categories/people-professionals/subcategories/real-estate-agent

Thank you in advance!⁣

We are sincerely appreciative of all the wonderful clients that we’ve had the pleasure to serve over the years for real estate buying, selling or investing needs in Toronto, Mississauga, Oakville, Burlington and throughout the GTHA.⁣

Thank you for your continued business and support. It is an honour to be your trusted Realtor. ⁣

𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for August 2022 vs. 2023 home sales in Toronto, Mississauga, Oakville, Burlington 📢

More balanced market conditions in August as compared to the tighter spring market resulted with sales predominately flat as compared to July 2023, however slightly up in most areas and product type on a year over year comparison.

Keep in mind that we felt the impact of the rapid increase in the cost of borrowing at this time last year which had a distinct effect on the market.

𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝗼𝘂𝗿 𝗻𝗼𝘁𝗮𝗯𝗹𝗲 𝘁𝗮𝗸𝗲 𝗮𝘄𝗮𝘆’𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗝𝘂𝗹𝘆 𝟮𝟬𝟮𝟯 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗮𝗰𝘁𝗶𝘃𝗶𝘁𝘆 𝗮𝗻𝗱 𝗵𝗼𝘄 𝗶𝘁 𝗰𝗼𝗺𝗽𝗮𝗿𝗲𝘀 𝗺𝗼𝗻𝘁𝗵 𝗼𝘃𝗲𝗿 𝗺𝗼𝗻𝘁𝗵 𝘄𝗶𝘁𝗵 𝗝𝘂𝗻𝗲 𝟮𝟬𝟮𝟯 📑

◼️ Toronto home and condo values flat month over month, excluding condo townhouses down $80,000.

◼️ Mississauga home and condo values flat month over month, excluding condo townhouses which were up $50,000.

◼️ Oakville freehold detached homes down $100,000 month over month AND down 8% year over year. Take advantage of this as it’s an excellent time to buy a detached home in Oakville.

◼️ Oakville condo townhouses were down month over month however the condo townhouse figures are up a whopping 30% as compared to last year.

◼️ Burlington home and condo values flat month over month, excluding freehold townhouses down $60,000 and condo apartments which were down $85,000

Be sure to view the full details of each area within our update. Click on each image to view.⁣⁣⁣

𝗪𝗮𝗻𝘁 𝘁𝗼 𝗸𝗻𝗼𝘄 𝘄𝗵𝗮𝘁’𝘀 𝗵𝗮𝗽𝗽𝗲𝗻𝗶𝗻𝗴 𝗶𝗻 𝘆𝗼𝘂𝗿 𝗻𝗲𝗶𝗴𝗵𝗯𝗼𝘂𝗿𝗵𝗼𝗼𝗱? Obtain a personalized market analysis by booking a complimentary Buyer or Seller consultation by completing the form below, or give us a call anytime at 647-293-3785.

𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for July 2022 vs. 2023 home sales in Toronto, Mississauga, Oakville, Burlington 📢

New listings and home prices were up in July 2023 in comparison to July 2022 as many households have adjusted to higher borrowing costs.

On a month-over-month basis, the market experienced more balance in July compared to June with sales trending lower while new listings were up.

𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝗼𝘂𝗿 𝗻𝗼𝘁𝗮𝗯𝗹𝗲 𝘁𝗮𝗸𝗲 𝗮𝘄𝗮𝘆’𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗝𝘂𝗹𝘆 𝟮𝟬𝟮𝟯 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗮𝗰𝘁𝗶𝘃𝗶𝘁𝘆 𝗮𝗻𝗱 𝗵𝗼𝘄 𝗶𝘁 𝗰𝗼𝗺𝗽𝗮𝗿𝗲𝘀 𝗺𝗼𝗻𝘁𝗵 𝗼𝘃𝗲𝗿 𝗺𝗼𝗻𝘁𝗵 𝘄𝗶𝘁𝗵 𝗝𝘂𝗻𝗲 𝟮𝟬𝟮𝟯 📑

◼️ It’s an opportune time to buy a freehold home in the city of Toronto! The average detached home price was down $144,000 month over month, and is $272,000 less than the average price in May 2023

◼️ Semi-detached homes and freehold townhouses in Toronto both down approximately $150,000 month over month

◼️ Condo townhouses up in Toronto by $80,000 month over month – and an almost 14% increase over last year which was the largest category increase year/year. Condo apartments flat month over month and same for year/year.

◼️ Mississauga property values slightly down month over month with the most significant dip in detached homes, with the average price down $70,000. Additionally, Mississauga is the only area in our report where detached home values were down compared to last year, 3.7% to be exact.

◼️ Oakville detached home values slightly down month over month with a $39,000 decrease compared to June. Semi-detached homes down $120,000 however only 2 semis were sold thus not a fair representation.

⁣◼️ The largest jump in Oakville was in condo townhouses – up a whopping 36% year/year and $137,000 more than the average price in June

◼️ Burlington values holding steady across the board as compared to June. Detached homes up by $50,000 month over month and up 7% year/year.

◼️ Burlington semi-detached and freehold townhomes average price dipped $50,000 compared to June, however semis are up 13% over last year, while towns are up 6%. Burlington condo apartments up by $40,000 month over month and flat to last year.

Be sure to view the full details of each area within our update. Click on each image to view.⁣⁣⁣

It’s a huge honour for Tanya Crepulja to be nominated as ‘Best Real Estate Agent’ and ‘Best Real Estate Broker’ for the 2023 Mississauga News Reader’s Choice Awards!

⁣We would love to land as a top finalist and seek your help to do so!

Please nominate (vote) by going to the page links below which will take you to the Reader’s Choice page, and click on the green ‘Nominate’ button next to Tanya Crepulja, Keller Williams Real Estate Associates.

Voting/nominating for this first round can be done daily and ends July 31st. ⁣

⁣Here are the links:

👉🏼 https://readerschoice.mississauga.com/readerschoice/categories/people-professionals/subcategories/real-estate-agent

👉🏼 https://readerschoice.mississauga.com/readerschoice/categories/people-professionals/subcategories/real-estate-broker

Thank you for your support!

⁣We are always appreciative of all of our clients past, present and future that we have the pleasure to serve for real estate buying, selling or investing needs in Toronto and the west GTA.

Thank you for your trust over the years and for the opportunity to be of service to you and for your referrals which means the world and is the ultimate compliment.

𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for June 2022 vs. 2023 home sales in Toronto, Mississauga, Oakville, Burlington 📢

Home sales and the average selling price for June 2023 remained slightly above last year’s levels, however seasonally adjusted sales have dipped in some areas/home types on a month-over-month basis.

This was contributed to the uncertainty surrounding the Bank of Canada’s outlook on inflation and interest rates, along with what would be a typical summer slow down.

𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝗼𝘂𝗿 𝗻𝗼𝘁𝗮𝗯𝗹𝗲 𝘁𝗮𝗸𝗲 𝗮𝘄𝗮𝘆’𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗝𝘂𝗻𝗲 𝟮𝟬𝟮𝟯 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗮𝗰𝘁𝗶𝘃𝗶𝘁𝘆 𝗮𝗻𝗱 𝗵𝗼𝘄 𝗶𝘁 𝗰𝗼𝗺𝗽𝗮𝗿𝗲𝘀 𝗺𝗼𝗻𝘁𝗵 𝗼𝘃𝗲𝗿 𝗺𝗼𝗻𝘁𝗵 𝘄𝗶𝘁𝗵 𝗠𝗮𝘆 𝟮𝟬𝟮𝟯 📑

◼️ Toronto average detached home values down $128,000 month over month. All other home types flat/slightly down.

⁣◼️ Mississauga property values flat across all home types except freehold townhouses with the average price down $160,000.

⁣◼️ Oakville detached home values up $60,000 month over month. All other home types flat.

⁣◼️ Burlington property values flat across all home types except condo apartments with the average price down $45,000.

Based on the short term results, it’s an opportune time to buy a detached home today in the City of Toronto proper – so take advantage of this if the timing is right for you.

⁣Be sure to view the full details of each area within our update. Swipe on each image to view.⁣⁣⁣

𝗪𝗮𝗻𝘁 𝘁𝗼 𝗸𝗻𝗼𝘄 𝘄𝗵𝗮𝘁’𝘀 𝗵𝗮𝗽𝗽𝗲𝗻𝗶𝗻𝗴 𝗶𝗻 𝘆𝗼𝘂𝗿 𝗻𝗲𝗶𝗴𝗵𝗯𝗼𝘂𝗿𝗵𝗼𝗼𝗱? Obtain a personalized market analysis by booking a complimentary Buyer or Seller consultation with us by completing the form below.

𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for May 2022 vs. 2023 home sales in Toronto, Mississauga, Oakville, Burlington

Supply of listings not up to par with sales, resulting in 𝐮𝐩𝐰𝐚𝐫𝐝𝐬 𝐩𝐫𝐞𝐬𝐬𝐮𝐫𝐞 𝐨𝐧 𝐬𝐞𝐥𝐥𝐢𝐧𝐠 𝐩𝐫𝐢𝐜𝐞𝐬 𝐭𝐡𝐢𝐬 𝐬𝐩𝐫𝐢𝐧𝐠. We don’t have enough inventory to support sales activity, contributing a Seller’s market in some areas.

Note that we were still trending high last May in some areas of the GTA as the decline in the market was distinct from June 2022 onwards.

The home types that are up this year are a distinct sign of the impact the lack of supply has had for May 2023 sales activity, and that Buyer confidence has resumed despite the increased cost of borrowing.

The MLS® Home Price Index (HPI) composite benchmark for all of the GTA was down by 6.9% in May 2023, however up by 3.2% cent on a seasonally adjusted monthly basis compared to April 2023.

Be sure to view the full details of each area within our update. Swipe on each image to view.

𝗪𝗮𝗻𝘁 𝘁𝗼 𝗸𝗻𝗼𝘄 𝘄𝗵𝗮𝘁’𝘀 𝗵𝗮𝗽𝗽𝗲𝗻𝗶𝗻𝗴 𝗶𝗻 𝘆𝗼𝘂𝗿 𝗻𝗲𝗶𝗴𝗵𝗯𝗼𝘂𝗿𝗵𝗼𝗼𝗱? Obtain a personalized market analysis by booking a complimentary Buyer or Seller consultation with us via the contact details below.

𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for April 2022 vs. 2023 home sales in Toronto, Mississauga, Oakville, Burlington 📉

New listings down by more than one-third across the Toronto Regional Real Estate Board resulted in 𝐠𝐫𝐞𝐚𝐭𝐞𝐫 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐛𝐞𝐭𝐰𝐞𝐞𝐧 𝐁𝐮𝐲𝐞𝐫𝐬 𝐚𝐧𝐝𝐢𝐦𝐩𝐫𝐨𝐯𝐞𝐝 𝐬𝐞𝐥𝐥𝐢𝐧𝐠 𝐩𝐫𝐢𝐜𝐞𝐬 𝐬𝐢𝐧𝐜𝐞 𝐭𝐡𝐞 𝐬𝐭𝐚𝐫𝐭 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐲𝐞𝐚𝐫.

Keep in mind that hasn’t been competition across the board. It is specific to the neighbourhood, product type, property appeal and price point.

The year/year numbers are down as April 2023 was still in a record time frame. Interestingly, Toronto’s stats have the slightest decline year/year compared to the other areas in our report which suggests that the rebound in the market comeback has been most significant in Toronto proper.

𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝗼𝘂𝗿 𝗻𝗼𝘁𝗮𝗯𝗹𝗲 𝘁𝗮𝗸𝗲 𝗮𝘄𝗮𝘆’𝘀 𝗳𝗿𝗼𝗺 𝗔𝗽𝗿𝗶𝗹 𝟮𝟬𝟮𝟯’𝘀 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗮𝗰𝘁𝗶𝘃𝗶𝘁𝘆 𝗮𝗻𝗱 𝗵𝗼𝘄 𝘁𝗵𝗲𝘆 𝗳𝗮𝗿𝗲 𝗺𝗼𝗻𝘁𝗵 𝗼𝘃𝗲𝗿 𝗺𝗼𝗻𝘁𝗵 𝘄𝗶𝘁𝗵 𝗠𝗮𝗿𝗰𝗵 𝟮𝟬𝟮𝟯  📑

◼️ Toronto average detached home values up $80k month over month. Condo towns up $100k whereas condo apartments flat

◼️ Mississauga property values flat across all home types

◼️ Oakville detached and semis flat, freehold townhouses up $180k and condo apartments down $70k

◼️ Burlington property values flat across all home types except condo apartments up $70k

Be sure to view the full details of each area within our update. Click on each image to view.⁣⁣

𝗪𝗮𝗻𝘁 𝘁𝗼 𝗸𝗻𝗼𝘄 𝘄𝗵𝗮𝘁’𝘀 𝗵𝗮𝗽𝗽𝗲𝗻𝗶𝗻𝗴 𝗶𝗻 𝘆𝗼𝘂𝗿 𝗻𝗲𝗶𝗴𝗵𝗯𝗼𝘂𝗿𝗵𝗼𝗼𝗱? Obtain a personalized market analysis by booking a complimentary Buyer or Seller consultation with us via the form below.

𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for March 2022 vs. 2023 home sales in Toronto, Mississauga, Oakville, Burlington

Competition between Buyers is on the rise with 𝐭𝐡𝐞 𝐚𝐯𝐞𝐫𝐚𝐠𝐞 𝐬𝐚𝐥𝐞 𝐩𝐫𝐢𝐜𝐞 𝐚𝐛𝐨𝐯𝐞 𝐭𝐡𝐞 𝐚𝐯𝐞𝐫𝐚𝐠𝐞 𝐥𝐢𝐬𝐭 𝐩𝐫𝐢𝐜𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐟𝐢𝐫𝐬𝐭 𝐭𝐢𝐦𝐞 𝐬𝐢𝐧𝐜𝐞 𝐌𝐚𝐲 𝟐𝟎𝟐𝟐.

News articles talk about the real estate market being on an upward trajectory, which it has been across most home types – however this is specific to the neighbourhood, product type and price point. Price growth has been sensible.

We have been in multiple offers for some of our Buyer clients recently, and have also not been in multiples, successfully negotiating down on the asking price – an example of the tempo in today’s market.

When you look at the year/year numbers they’re down across the board as March 2022 was a record time in the market and not a great comparison to today.

Here are our notable take away’s from March 2023’s real estate market activity which focuses on the month over month comparison from February to March. 📑

◼️ In Toronto, all property type values flat month over month (vs February 2023), except for freehold townhouses – down $90k

◼️ Mississauga property values flat month over month, except for freehold townhouses – up $70k

◼️ Surprising result for Oakville with the average price of a freehold home 𝗱𝗼𝘄𝗻 $𝟭𝟮𝟬𝗸 month over month and a 𝗺𝗮𝘀𝘀𝗶𝘃𝗲 𝗱𝗿𝗼𝗽 𝗶𝗻 𝗢𝗮𝗸𝘃𝗶𝗹𝗹𝗲 𝗰𝗼𝗻𝗱𝗼𝗮𝗽𝗮𝗿𝘁𝗺𝗲𝗻𝘁𝘀 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝗮𝘃𝗲𝗿𝗮𝗴𝗲 𝗽𝗿𝗶𝗰𝗲 𝗱𝗼𝘄𝗻 $𝟯𝟬𝟬𝗸 𝘃𝘀. 𝗙𝗲𝗯𝗿𝘂𝗮𝗿𝘆

◼️ Burlington with the majority of increase in home values month over month: Detached up $50k, townhouses up $48k, condo townhouses up $90k, however 𝗮 𝗯𝗶𝗴 𝗱𝗿𝗼𝗽 𝗳𝗼𝗿 𝗰𝗼𝗻𝗱𝗼 𝗮𝗽𝗮𝗿𝘁𝗺𝗲𝗻𝘁𝘀 – 𝗱𝗼𝘄𝗻 $𝟭𝟰𝟬𝗸 𝗼𝘃𝗲𝗿 𝘁𝗵𝗲 𝗺𝗼𝗻𝘁𝗵 𝗽𝗿𝗶𝗼𝗿

Be sure to view the full details of each area within our update. Click on each image to view.⁣⁣

𝗪𝗮𝗻𝘁 𝘁𝗼 𝗸𝗻𝗼𝘄 𝘄𝗵𝗮𝘁’𝘀 𝗵𝗮𝗽𝗽𝗲𝗻𝗶𝗻𝗴 𝗶𝗻 𝘆𝗼𝘂𝗿 𝗻𝗲𝗶𝗴𝗵𝗯𝗼𝘂𝗿𝗵𝗼𝗼𝗱?  Stay up to date with our detailed market analysis by booking a complimentary Buyer or Seller consultation with us via the form below.

𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for February 2022 vs. 2023 home sales in Toronto, Mississauga, Oakville, Burlington 📈

February sales volume is down substantially over the pre-interest rate hike levels in 2022, however, 𝐚 𝐧𝐨𝐭𝐚𝐛𝐥𝐞 𝐢𝐦𝐩𝐫𝐨𝐯𝐞𝐦𝐞𝐧𝐭 𝐢𝐧 𝐦𝐚𝐫𝐤𝐞𝐭 𝐯𝐚𝐥𝐮𝐞𝐬 𝐦𝐨𝐧𝐭𝐡 𝐨𝐯𝐞𝐫 𝐦𝐨𝐧𝐭𝐡.

Our headline tells the tale of two stories – indeed, a double-digit drop in home values across almost all home types in our report as compared to February 2022. 

However, Buyer confidence had resumed this year, and even more so following the latest Bank of Canada update with no change to its policy rate, contributing to the average detached home prices up significantly month over month (between Jan and Feb 2023) in Toronto, Mississauga and Oakville.

𝙄𝙣𝙫𝙚𝙣𝙩𝙤𝙧𝙮 𝙖𝙘𝙧𝙤𝙨𝙨 𝙩𝙝𝙚 𝙂𝙏𝘼 𝙞𝙨 𝙚𝙭𝙩𝙧𝙚𝙢𝙚𝙡𝙮 𝙡𝙤𝙬, down 47% compared to Feb 2022. The lack of selection is resulting in the return of some homes selling on multiple offers, especially those priced in the sub-$1,000.000 category, and in move-in ready, beautifully presented condition.

Here are our notable take away’s from February 2023’s real estate market activity 📑

⬛️ Despite double digit declines year over year, the short term update suggests we are in for continued price growth should the lack of inventory continue 

⬛️ Toronto average detached home price up approximately $300,000 month over month

⬛️ Mississauga and Oakville average detached home prices up approximately $200k month over month

⬛️ Toronto and Mississauga condos flat to the month prior. Oakville condos the anomaly with an average price of over $1.1m – up $175k month over month

Be sure to view the full details of each area within our update. Swipe  on each image to view.⁣⁣

𝗪𝗮𝗻𝘁 𝘁𝗼 𝗸𝗻𝗼𝘄 𝘄𝗵𝗮𝘁’𝘀 𝗵𝗮𝗽𝗽𝗲𝗻𝗶𝗻𝗴 𝗶𝗻 𝘆𝗼𝘂𝗿 𝗻𝗲𝗶𝗴𝗵𝗯𝗼𝘂𝗿𝗵𝗼𝗼𝗱?  Stay up to date with our detailed market analysis by booking a complimentary Buyer or Seller consultation with us via the form below.

𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for January 2022 vs. 2023 home sales in Toronto, Mississauga, Oakville, Burlington 📈

 𝐒𝐭𝐞𝐞𝐩 𝐝𝐞𝐜𝐥𝐢𝐧𝐞 𝐢𝐧 𝐡𝐨𝐦𝐞 𝐯𝐚𝐥𝐮𝐞𝐬 𝐲𝐞𝐚𝐫 𝐨𝐯𝐞𝐫 𝐲𝐞𝐚𝐫, 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐢𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐡𝐢𝐠𝐡𝐞𝐫 𝐛𝐨𝐫𝐫𝐨𝐰𝐢𝐧𝐠 𝐜𝐨𝐬𝐭𝐬 𝐨𝐧 𝐚𝐟𝐟𝐨𝐫𝐝𝐚𝐛𝐢𝐥𝐢𝐭𝐲.

 Although the sales volume for this January was similar to that of December 2022, average sold prices were significantly less than that of January last year. 

 With the Bank of Canada announcing that the interest rate increases are likely on hold for the foreseeable future, this may help to encourage the Buyers waiting on the sidelines to purchase now in the coming months. 

 Our direct experience is that today’s real estate market activity is not a ‘one size fits all’ synopsis. Various factors impact appeal, saleability and Buyer demand which all contributes to the market value.

Here are our notable take away’s from January 2023’s real estate market activity 📑

⬛️ The most significant drop in home values was in freehold detached with Mississauga, Oakville and Burlington all in the high 20% range. Mississauga with the greatest drop in detached at almost 30%

⬛️ Toronto condo market down 6.5% year over year – the least decrease compared to the other areas in our report 

⬛️ Oakville and Burlington represented the greatest opportunity to buy at a tremendous value compared to January 2022 

Be sure to view the full details of each area within our update. Swipe on each image to view.⁣⁣

⁣⁣⁣𝗧𝗵𝗶𝗻𝗸𝗶𝗻𝗴 𝗼𝗳 𝗯𝘂𝘆𝗶𝗻𝗴 𝗼𝗿 𝘀𝗲𝗹𝗹𝗶𝗻𝗴 𝘁𝗵𝗶𝘀 𝘆𝗲𝗮𝗿? Let’s chat about your goals and how we can help with your success in real estate. 

Book a complimentary Buyer or Seller consultation with us by completing the form below.

𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for December 2022 vs. 2021 home sales in Toronto, Mississauga, Oakville, Burlington

𝐒𝐞𝐚𝐬𝐨𝐧𝐚𝐥𝐥𝐲 𝐚𝐝𝐣𝐮𝐬𝐭𝐞𝐝 𝐦𝐨𝐧𝐭𝐡𝐥𝐲 𝐝𝐚𝐭𝐚 𝐟𝐨𝐫 𝐬𝐚𝐥𝐞𝐬 𝐚𝐧𝐝 𝐩𝐫𝐢𝐜𝐞 𝐝𝐚𝐭𝐚 𝐬𝐡𝐨𝐰 𝐚 𝐦𝐚𝐫𝐤𝐞𝐝 𝐟𝐥𝐚𝐭𝐭𝐞𝐧𝐢𝐧𝐠 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐚𝐥𝐞𝐬 𝐚𝐧𝐝 𝐩𝐫𝐢𝐜𝐞 𝐭𝐫𝐞𝐧𝐝𝐬 𝐬𝐢𝐧𝐜𝐞 𝐭𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐮𝐦𝐦𝐞𝐫.

The market stats for December in the GTA continued on the trend that values have remained relatively level since the Fall season.

Supply of new listings continue to be an issue as the year ended, down 8.2% over 2021 across TRREB regions.

It is important to note that the average selling price in December 2022 vs. 2021 is up, as we experienced the most distinct growth in property values in Q1 of 2022.

In today’s market it’s critical to present a home in the best possible way in terms of taking care of specific cost effective improvements, home staging, pricing strategy and marketing to ensure success. These are the homes that will sell and in minimal time as compared to the average for each respective home type and category.

Here are our notable take away’s from December 2022’s real estate market activity 📑

◼️ All freehold home categories are down year over year. Toronto with the least decline at 4%

◼️ Mississauga and Oakville detached home values down 17% and 14% to last year, making this a great time for buyers of detached in these areas.

◼️ Toronto condo market flat to last year with a slight 1.5% increase.

◼️ Oakville condos up a whopping 23% over last year. An incredible increase with consistent growth in Oakville condos over the last year.

Buying a condo product in Oakville or Burlington may provide to be a sound investment for 2023. 𝙏𝙖𝙡𝙠 𝙩𝙤 𝙪𝙨 𝙛𝙤𝙧 𝙢𝙤𝙧𝙚 𝙙𝙚𝙩𝙖𝙞𝙡𝙨 𝙖𝙣𝙙 𝙩𝙤 𝙥𝙪𝙩𝙩𝙤𝙜𝙚𝙩𝙝𝙚𝙧 𝙖 𝙥𝙡𝙖𝙣 𝙛𝙤𝙧 𝙮𝙤𝙪𝙧 𝙞𝙣𝙫𝙚𝙨𝙩𝙞𝙣𝙜 𝙣𝙚𝙚𝙙𝙨.

Be sure to view the full details of each area within our update. Swipe  on each image to view.⁣⁣

⁣⁣⁣𝗧𝗵𝗶𝗻𝗸𝗶𝗻𝗴 𝗼𝗳 𝗯𝘂𝘆𝗶𝗻𝗴 𝗼𝗿 𝘀𝗲𝗹𝗹𝗶𝗻𝗴 𝘁𝗵𝗶𝘀 𝘆𝗲𝗮𝗿? 𝗟𝗲𝘁’𝘀 𝗵𝗮𝘃𝗲 𝗮 𝗰𝗼𝗻𝘃𝗲𝗿𝘀𝗮𝘁𝗶𝗼𝗻.

Book a complimentary Buyer or Seller consultation with us by completing the form below.

𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for November 2022 vs. 2021 home sales in Toronto, Mississauga, Oakville, Burlington

📉𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐛𝐨𝐫𝐫𝐨𝐰𝐢𝐧𝐠 𝐜𝐨𝐬𝐭𝐬 𝐫𝐞𝐩𝐫𝐞𝐬𝐞𝐧𝐭 𝐚 𝐬𝐡𝐨𝐫𝐭-𝐭𝐞𝐫𝐦 𝐬𝐡𝐨𝐜𝐤 𝐭𝐨 𝐭𝐡𝐞 𝐡𝐨𝐮𝐬𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 𝐰𝐢𝐭𝐡 𝐚𝐧𝐧𝐮𝐚𝐥 𝐩𝐫𝐢𝐜𝐞 𝐝𝐞𝐜𝐥𝐢𝐧𝐞𝐬 𝐠𝐫𝐞𝐚𝐭𝐞𝐫 𝐟𝐨𝐫 𝐝𝐞𝐭𝐚𝐜𝐡𝐞𝐝𝐚𝐧𝐝 𝐬𝐞𝐦𝐢-𝐝𝐞𝐭𝐚𝐜𝐡𝐞𝐝 𝐡𝐨𝐦𝐞𝐬.

The market stats for November in the GTA represent an annual decline for the most part, however with signs that the distinct downward price trend experienced in the spring is coming to an end.

It is anticipated that with the lack of new listings hitting the market, and record immigration forecasted in the coming years, we will see a strong increase in demand for GTA real estate which will undoubtedly impact affordability and create a competitive real estate environment again.

𝗡𝗼𝘄 𝗶𝘀 𝘁𝗵𝗲 𝘁𝗶𝗺𝗲 𝘁𝗼 𝗺𝗮𝗸𝗲 𝗮 𝗺𝗼𝘃𝗲 𝘁𝗼 𝗮 𝗵𝗶𝗴𝗵𝗲𝗿 𝗽𝗿𝗶𝗰𝗲 𝗽𝗼𝗶𝗻𝘁 𝗵𝗼𝗺𝗲 𝗼𝗿 𝗶𝗻𝘃𝗲𝘀𝘁 𝗮𝗻𝗱 𝗵𝗼𝗹𝗱.

Here are our notable take away’s from November 2022’s real estate market activity 📑

◼️ All freehold home categories are down year over year.

◼️ Oakville and Burlington detached home values down 17% to last year. HUGE opportunity for those who may have been priced out of buying here last year.

◼️ Toronto condo market activity steady month over month with a slight dip to last year’s values. Mississauga condos down almost 3%, Oakville flat to last year.

◼️ Burlington condos the anomaly for November’s sales, up 12% over last year.

Be sure to view the full details of each area within our update. Click on each image to view.

⁣⁣⁣𝗧𝗵𝗶𝗻𝗸𝗶𝗻𝗴 𝗼𝗳 𝗯𝘂𝘆𝗶𝗻𝗴 𝗼𝗿 𝘀𝗲𝗹𝗹𝗶𝗻𝗴 𝗶𝗻 𝘁𝗵𝗲 𝗻𝗲𝘄 𝘆𝗲𝗮𝗿? 𝗟𝗲𝘁’𝘀 𝗴𝗲𝘁 𝘁𝗵𝗲 𝗰𝗼𝗻𝘃𝗲𝗿𝘀𝗮𝘁𝗶𝗼𝗻 𝘀𝘁𝗮𝗿𝘁𝗲𝗱.

Book a complimentary Buyer or Seller consultation with us by completing the form below.

𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for October 2022 vs. 2021 home sales in Toronto, Mississauga, Oakville, Burlington 📈

𝐇𝐨𝐦𝐞 𝐬𝐚𝐥𝐞𝐬 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞 𝐭𝐨 𝐚𝐝𝐣𝐮𝐬𝐭 𝐛𝐨𝐭𝐡 𝐨𝐧 𝐚𝐧 𝐚𝐧𝐧𝐮𝐚𝐥 𝐚𝐧𝐝 𝐦𝐨𝐧𝐭𝐡𝐥𝐲 𝐛𝐚𝐬𝐢𝐬.

We’re a little late in sharing this update as ironically despite the market slow down, our team has been quite active with real estate activity. Our direct experience is more encouraging than what the stats suggest.

There are several factors that impact today’s activity, and it’s not a ‘one size fits all approach’. Remember, the media will always make things sound more dramatic.

To have a true understanding of today’s real estate market it is important to review on a macro level within a specific neighbourhood/community, product type, home features and price point. We can provide you with a concise analysis based on your home’s location and unique attributes.

The values are down almost across the board (excluding condos) for the areas in our report, however the variance will depend on the factors mentioned above.

We continue to require more listings to hit the market for balance and to account for a potential critical shortage to come.

𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝗼𝘂𝗿 𝗻𝗼𝘁𝗮𝗯𝗹𝗲 𝘁𝗮𝗸𝗲 𝗮𝘄𝗮𝘆’𝘀 𝗳𝗿𝗼𝗺 𝗢𝗰𝘁𝗼𝗯𝗲𝗿’𝘀 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗮𝗰𝘁𝗶𝘃𝗶𝘁𝘆 📑

◻️ All freehold home categories are down year over year – however the % decrease varies by location. Burlington was the least impacted with only a 4% decline in detached and flat to last year with townhouses.

◻️  Toronto, Mississauga and Oakville freehold detached down between 8 – 10%. This provides an excellent opportunity to buy a detached home in Oakville at a much better value than last year.

◻️  The condo market is on the upside: healthy appreciation in value in Mississauga and Oakville ranging between 6-7% and a whopping 18% increase in Burlington condos, whereas Toronto is flat to last year.

Be sure to view the full details of each area within our update. Click each image to view.⁣⁣

⁣⁣⁣𝗧𝗵𝗶𝗻𝗸𝗶𝗻𝗴 𝗼𝗳 𝘀𝗲𝗹𝗹𝗶𝗻𝗴 𝗶𝗻 𝘁𝗵𝗲 𝗻𝗲𝘄 𝘆𝗲𝗮𝗿? 𝗡𝗼𝘄 𝗶𝘀 𝘁𝗵𝗲 𝘁𝗶𝗺𝗲 𝘁𝗼 𝘀𝘁𝗮𝗿𝘁 𝗽𝗹𝗮𝗻𝗻𝗶𝗻𝗴.

Book a complimentary Buyer or Seller consultation with us by completing the form below.

𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for September 2022 vs. 2021 home sales in Toronto, Mississauga, Oakville, Burlington 📈

𝐋𝐨𝐰𝐞𝐬𝐭 𝐧𝐮𝐦𝐛𝐞𝐫 𝐨𝐟 𝐧𝐞𝐰 𝐥𝐢𝐬𝐭𝐢𝐧𝐠𝐬 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐦𝐨𝐧𝐭𝐡 𝐨𝐟 𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝐬𝐢𝐧𝐜𝐞 𝟐𝟎𝟎𝟐.

The temporary dip in housing demand combined with the number of new listings down quite substantially year-over-year (well-below historic norms) may result in some home buyers experiencing tighter market conditions in certain GTA neighbourhoods.

We need more listings to hit the market for balance and to account for a potential critical shortage to come.

Here are our notable take away’s from September’s real estate market activity 📑

◻️ Toronto average detached home price was $1,585,589 ⬇️ 10% over last year, 𝙨𝙞𝙜𝙣𝙞𝙛𝙞𝙘𝙖𝙣𝙩𝙡𝙮 𝙡𝙚𝙨𝙨 𝙩𝙝𝙖𝙣 𝙩𝙝𝙚 𝙖𝙫𝙚𝙧𝙖𝙜𝙚 𝙖𝙘𝙧𝙤𝙨𝙨 𝙩𝙝𝙚 𝙂𝙏𝘼

◻️ Mississauga average detached home price was $1,440,490 ⬇️ 9.7% over September 2021, almost consistent with Toronto. On the flip side, 𝙈𝙞𝙨𝙨𝙞𝙨𝙨𝙖𝙪𝙜𝙖’𝙨𝙘𝙤𝙣𝙙𝙤 𝙢𝙖𝙧𝙠𝙚𝙩 𝙨𝙖𝙬 𝙖 𝙝𝙚𝙖𝙡𝙩𝙝𝙮 8.2% 𝙞𝙣𝙘𝙧𝙚𝙖𝙨𝙚 𝙤𝙫𝙚𝙧 𝙡𝙖𝙨𝙩 𝙮𝙚𝙖𝙧

◻️ Oakville average detached home price was almost flat to last year at $1,964,214 ⬇️ 1% 𝙝𝙤𝙬𝙚𝙫𝙚𝙧 𝙬𝙝𝙖𝙩’𝙨 𝙞𝙣𝙩𝙚𝙧𝙚𝙨𝙩𝙞𝙣𝙜 𝙞𝙨 𝙩𝙝𝙚 𝙢𝙤𝙧𝙚 𝙨𝙞𝙜𝙣𝙞𝙛𝙞𝙘𝙖𝙣𝙩 𝙙𝙚𝙘𝙡𝙞𝙣𝙚 𝙢𝙤𝙣𝙩𝙝𝙤𝙫𝙚𝙧 𝙢𝙤𝙣𝙩𝙝, 𝙙𝙤𝙬𝙣 𝙖𝙡𝙢𝙤𝙨𝙩 $200,000 𝙛𝙧𝙤𝙢 𝘼𝙪𝙜𝙪𝙨𝙩 2022

◻️ Burlington average detached home price was $1,368,454  ⬇️ 1.9% over last year, 𝙗𝙪𝙩 𝙪𝙥 𝙨𝙡𝙞𝙜𝙝𝙩𝙡𝙮 𝙤𝙫𝙚𝙧 𝙩𝙝𝙚 𝙢𝙤𝙣𝙩𝙝 𝙥𝙧𝙞𝙤𝙧.

Be sure to click on each image to view the full details of each area in our update.

𝐈𝐬 𝐛𝐮𝐲𝐢𝐧𝐠 𝐨𝐫 𝐬𝐞𝐥𝐥𝐢𝐧𝐠 𝐨𝐧 𝐲𝐨𝐮𝐫 𝐦𝐢𝐧𝐝 𝐭𝐡𝐢𝐬 𝐅𝐚𝐥𝐥 𝐬𝐞𝐚𝐬𝐨𝐧?

Let’s chat! Book a complimentary Buyer or Seller consultation with us by completing the form below.