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
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.