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

Sales volume was up in the GTA this July as compared to July 2023, however the average selling price for the majority of the product within the areas in our report was down compared to last year.

Buyers also benefited from greater selection as new listings were up over 18% over the previous year across all areas on the Toronto Regional Real Estate Board.

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

◼️ Toronto detached home values down $90,000 month over month, and flat to last year. Freehold townhouses down $100,000 month over month, however freehold towns were the only category where home values were up over last year. All other home types flat month over month.

◼️ Mississauga detached home values up by close to 4% year over year, and the only area in our report where the detached home values were up. On a month over month comparison, all home categories flat which suggests stability within buyer’s market conditions.

◼️ Good news for Oakville with the average detached home price up $120,000 as compared to the month prior. Detached home values in Oakville had declined from April to June 2024 and are back to what would be a more ‘typical’ figure. Note that detached values are down 4% to last year. Freehold towns were up slightly month over month. Nice improvement in condo apartments, up $70,000 over June and almost 5% over last year.

◼️ Burlington detached home values flat to last month and down slightly to last year. All other home categories flat to last month. Semi-detached values down 9.5% to last year. Condo apartments up on a month over month and to last year.

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 June 2024 vs. 2023 home sales in Toronto, Mississauga, Oakville, Burlington 📢

For the most part in the areas within our report, the average selling price was down compared to June 2023, although with mixed results depending on the location and the product type. We are in an interesting market, that does not have a ‘one size fits all answer’. Yes, we are better supplied with inventory for sale this year, and with a decline in sales volume compared to June 2023 as some Buyers are on the sidelines waiting for further interest rate cuts before making a move.

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

◼️ Toronto detached home values down $68,000 month over month, and flat to last year. Opportunity in semi-detached homes, down $130,000 month over month and with the largest decrease in value over last year, down almost 9%. Condo apartments flat on a month over month and annual basis.

◼️ Consistent results in Mississauga across all home types on a month over month basis. Detached homes down 3% compared to last year, aligned with the average decrease in value across the Toronto Regional Real Estate Board areas. The only home category up year/year were freehold townhouses, at a 2% increase.

◼️ Affordability may be a factor in Oakville as the average price for detached homes dropped almost $110,000 over the month prior, which was already down $130,000 from April. Detached homes in Oakville also experienced the largest decrease in the year over year value of the areas in our report, down 11.6%. All other home categories were flat on a month over month basis, suggesting stability in the more attainable price points.

◼️ Burlington detached home values were up by 4.5% year/year and remained consistent with the month prior. There was a point in time when buying a detached home in Burlington was considerably more affordable than Mississauga, however these days they are relatively at par. The appeal of Burlington for people moving from Toronto/Mississauga further west is evident based on quality of life and affordability. In other home types, semi-detached were down almost $100,000 month over month and with a big drop to last year, down 15.4%. Condo townhouses also down $80,000 month over month.

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 May 2024 vs. 2023 home sales in Toronto, Mississauga, Oakville, Burlington 📢

Sales volume and the average selling price for May were at a decline across the Toronto Regional Real Estate Board as compared to year over year, due to last spring’s short-lived pick up in market activity. Further details on this in my commentary below.

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

◼️ Toronto detached home values flat month over month, however with a 4.5% decrease from last year – contributed by the uptick in activity in May 2023. All other home categories in Toronto flat month over month.

◼️ Interesting activity in Mississauga for detached homes as the average price was up almost $100,000 from March to April, and back down $100,000 for May with the average price just over $1.5m. This could be contributed to a greater amount of supply within the past month equating to more buying power. All other home categories in Mississauga were flat month over month. A considerable decrease however, year over year for semi detached homes and freehold townhouses, down 9.5% and almost 13% respectively.

◼️ Oakville detached home values had been trending upwards over the past 2-3 months, however May’s figures brought the average price down by almost $130,000 over the month prior. This may be contributed by fewer homes sold in May in the higher price point category due to affordability as Oakville remains one of the most expensive areas to live in the GTA, and Canada. All other home categories were flat month over month. Big drop in the average home price year/year for condo townhouses, down almost 14%.

◼️ Burlington is the only area in our report that either held with the average price flat or with an increase month over month.  Detached home values were flat to April, and up over last year – again, the anomaly compared to other areas. Semi detached home values up $100,000 month over month, freehold townhouses up approximately $80,000. Condo towns and apartments flat, the latter down 11.5% over last year.

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 April 2024 vs. 2023 home sales in Toronto, Mississauga, Oakville, Burlington 📢

Another month has flown by, and with that an update for May’s activity will be around the corner. In the meantime, let’s recap on what the activity was like last month and how it compares over the same time last year, as well as within the short term.

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

◼️ Toronto detached homes average price pretty much flat month over month (up $23k to be exact), and with a 1.9% increase year over year. All other home types flat month over month. Good news however in the condo market, as there were 123 more units sold month over month, along with a slight annual increase in the average price.

◼️ Mississauga detached homes up almost $100,000 month over month, and with the greatest annual gain of the areas in our report at a 5.8% increase over last year. All other home types in Mississauga flat month over month, and down over last year (excluding semi-detached up only by 1%).

◼️ Oakville detached homes average price on an upward trend again, up by $110,000 month over month, and with a 5.2% increase year over year. All other home types flat month over month with the exception of condo townhouses, up slightly. Interestingly, only detached homes in Oakville had experienced an annual gain, as all other home types are down over last year. The most significant decline was in freehold townhouses, down 9.3%

◼️ Burlington detached homes up almost $70,000 month over month and 4.6% over last year. Semi detached and condo townhouses flat month over month, whereas condo townhouses were up $80,000 over March and also experienced the greatest annual increase up by 7.4%.

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 2024 vs. 2023 home sales in Toronto, Mississauga, Oakville, Burlington 📢

This past month has flown by on our end with typical activity in the spring market, contributing to a delay in sharing the most recent market update. Overall, we’ve experienced a gradual increase in home values this year to date however with varying results based on the product type, price point and location.

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

◼️ Toronto detached homes up $150,000 month over month, and with a 5% year over year increase – the highest increase for detached homes within the areas of our report. All other home types in Toronto flat over the month prior, with between a 2 – 3% increase year/year. The exception being condo apartments, down 0.5% over last year.

◼️ Mississauga detached homes up slightly month over month. All other home types in Mississauga flat with the exception freehold townhouses which were down $100,000 over February and down 4% to last year.

◼️ Oakville detached homes average price was down by $190,000 month over month, and flat to last year. Semi-detached and freehold townhouses down slightly month over month and flat to last year. Condo apartments saw the greatest drop in value, down over 12% from last year.

◼️ Burlington detached homes up slightly month over month and 3% over last year. Semi-detached homes flat to the month prior however this category had the largest difference to last year, down by almost 8%. Freehold townhomes up $50,000 month over month, flat to last year. Condo townhouses down $100,000 and slightly over last year. Condo apartments flat month over month, and the greatest annual increase, up 13% to last year.

Be sure to view the full details of each area within our update via the infographics in this post.

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 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. ⁣