𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for September 2022 vs. 2021 home sales in Toronto, Mississauga, Oakville, Burlington 📈
𝐋𝐨𝐰𝐞𝐬𝐭 𝐧𝐮𝐦𝐛𝐞𝐫 𝐨𝐟 𝐧𝐞𝐰 𝐥𝐢𝐬𝐭𝐢𝐧𝐠𝐬 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐦𝐨𝐧𝐭𝐡 𝐨𝐟 𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝐬𝐢𝐧𝐜𝐞 𝟐𝟎𝟎𝟐.
The temporary dip in housing demand combined with the number of new listings down quite substantially year-over-year (well-below historic norms) may result in some home buyers experiencing tighter market conditions in certain GTA neighbourhoods.
We need more listings to hit the market for balance and to account for a potential critical shortage to come.
Here are our notable take away’s from September’s real estate market activity 📑
◻️ Toronto average detached home price was $1,585,589 ⬇️ 10% over last year, 𝙨𝙞𝙜𝙣𝙞𝙛𝙞𝙘𝙖𝙣𝙩𝙡𝙮 𝙡𝙚𝙨𝙨 𝙩𝙝𝙖𝙣 𝙩𝙝𝙚 𝙖𝙫𝙚𝙧𝙖𝙜𝙚 𝙖𝙘𝙧𝙤𝙨𝙨 𝙩𝙝𝙚 𝙂𝙏𝘼
◻️ Mississauga average detached home price was $1,440,490 ⬇️ 9.7% over September 2021, almost consistent with Toronto. On the flip side, 𝙈𝙞𝙨𝙨𝙞𝙨𝙨𝙖𝙪𝙜𝙖’𝙨𝙘𝙤𝙣𝙙𝙤 𝙢𝙖𝙧𝙠𝙚𝙩 𝙨𝙖𝙬 𝙖 𝙝𝙚𝙖𝙡𝙩𝙝𝙮 8.2% 𝙞𝙣𝙘𝙧𝙚𝙖𝙨𝙚 𝙤𝙫𝙚𝙧 𝙡𝙖𝙨𝙩 𝙮𝙚𝙖𝙧
◻️ Oakville average detached home price was almost flat to last year at $1,964,214 ⬇️ 1% 𝙝𝙤𝙬𝙚𝙫𝙚𝙧 𝙬𝙝𝙖𝙩’𝙨 𝙞𝙣𝙩𝙚𝙧𝙚𝙨𝙩𝙞𝙣𝙜 𝙞𝙨 𝙩𝙝𝙚 𝙢𝙤𝙧𝙚 𝙨𝙞𝙜𝙣𝙞𝙛𝙞𝙘𝙖𝙣𝙩 𝙙𝙚𝙘𝙡𝙞𝙣𝙚 𝙢𝙤𝙣𝙩𝙝𝙤𝙫𝙚𝙧 𝙢𝙤𝙣𝙩𝙝, 𝙙𝙤𝙬𝙣 𝙖𝙡𝙢𝙤𝙨𝙩 $200,000 𝙛𝙧𝙤𝙢 𝘼𝙪𝙜𝙪𝙨𝙩 2022
◻️ Burlington average detached home price was $1,368,454 ⬇️ 1.9% over last year, 𝙗𝙪𝙩 𝙪𝙥 𝙨𝙡𝙞𝙜𝙝𝙩𝙡𝙮 𝙤𝙫𝙚𝙧 𝙩𝙝𝙚 𝙢𝙤𝙣𝙩𝙝 𝙥𝙧𝙞𝙤𝙧.
Be sure to click on each image to view the full details of each area in our update.
𝐈𝐬 𝐛𝐮𝐲𝐢𝐧𝐠 𝐨𝐫 𝐬𝐞𝐥𝐥𝐢𝐧𝐠 𝐨𝐧 𝐲𝐨𝐮𝐫 𝐦𝐢𝐧𝐝 𝐭𝐡𝐢𝐬 𝐅𝐚𝐥𝐥 𝐬𝐞𝐚𝐬𝐨𝐧?
Let’s chat! Book a complimentary Buyer or Seller consultation with us by completing the form below.
