January 2020 Edition: Real Estate Market Watch

December 2019 Market Stats Statistics provided by the Toronto Real Estate Board

MARKET UPDATE January Edition

Sales & Average Price By Major Home Type

Detached

Sales

Avg. Price $1,340,260 $1,372,428 $1,040,731

South Mississauga

28 82 48

Oakville

Burlington

Semi–Detached South Mississauga

Sales

Avg. Price

5 2 2

$767,330 $824,000 $807,450

Oakville

Burlington

Townhouse

Sales

Avg. Price

South Mississauga

0

$0

Oakville

32 20

$837, 191 $619,830

Burlington

Condominium South Mississauga

Sales

Avg. Price $638,346 $585,770

18

Oakville

33

Burlington

19

$493,816

MLS Sales Activity for the Greater Toronto Area

the December 2019 real estatemarket heavily favoured sellers. The Toronto Real Estate Board MLS has report- ed a near 12 per cent increase in the average selling price of a GTA home over the previous year - $837,788 in December 2019 compared to $749,014 in December 2018. This remarkable price acceleration points directly to historic lows of available active listings that, in December 2019, were down by over 35 per cent, which is equal to 4,000 fewer active listings than in 2018. Despite the inventory challenge intensifying, transactions in Canada’s largest real estate market for all of 2019 increased by 12.6 per cent year over year, finishing out at 87,825. While GTA buyers were stress-test-adjusted and benefiting from lower interest rates,

UNITS

AVG. PRICE

DEC. 2019

4,399

$837,788

UNITS

AVG. PRICE

DEC. 2018

$749,014

3,746

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