Toronto and West GTA Real Estate Market Update - Sept 2021

Here are the real estate market stats you need to know for September 2021 vs. 2020 home sales in Toronto, Mississauga, Oakville, and Burlington.

Real estate activity continues strong with the third-best September sales results on record.

All cities in our report continue to trend in the double digits, with the exception of freehold townhouses in Toronto with a modest 2.6% increase in value over last year, and Toronto condos at a 7.9% increase.

The average price of a detached home in Oakville is now just under $2,000,000 after an 11.3% increase year over year.

We saw a phenomenal increase in Oakville semi-detached homes and condo townhouses, both with a greater than 25% increase in value over last year. Burlington condo townhouses also continue to outperform with a 20.7% increase.

Homes in the sub $1,000,000 price point continue to be hot sellers with high demand and very little supply. It’s become increasingly challenging to buy at this price point with the rate of how quickly the values are rising.

Overall, it’s been a very active fall market with multiple offers going strong on many home categories within the GTA.

Whether you’re considering buying or selling, 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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