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.