Here are the real estate market stats you need to know for June 2021 vs. 2020 home sales in Toronto, Mississauga, Oakville, Burlington
We’re halfway through the year and what a strong run in real estate activity!
It’s interesting to note the distinct variance in year over year increases between the 416 and 905 in our report.
Summer sales volume has slowed down in the City of Toronto as we compare between May and June. Although the volume is down, the actual average prices in Toronto are pretty much flat between May and June 2021 – therefore values are holding strong.
What is notable is the year/year property values are up at a consistent 10-17% increase depending on home type. Toronto condos with a 6% increase year over year.
Mississauga, Oakville and Burlington
We continue to see phenomenal increases in detached home values across Mississauga, Oakville and Burlington ranging between 21% to just under 28%. Burlington values have become almost parallel to Mississauga’s – a sign of increased Buyer interest and demand.
Condo values are also up a whopping amount in Oakville at just under 27% and in Burlington at over 31% over last year. Incredible!
We are still in a distinct shortage of listing inventory and in some 905 areas multiple offers on properties remains fierce with competition.
Wondering What Your Home Is Worth In Today’s Market?
It’s important that you have a knowledgeable Realtor on your side who has a strong pulse on today’s market, proven strategies, negotiation skills and is focused on your success.
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