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.
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