February 2020 Edition: Real Estate Market Watch

January 2020 Market Stats Statistics provided by the Toronto Real Estate Board

MARKET UPDATE February Edition

Sales & Average Price By Major Home Type

Detached

Sales

Avg. Price $1,574,716 $1,319,103 $1,053,406

South Mississauga

33

Oakville

120

Burlington

84

Semi–Detached South Mississauga

Sales

Avg. Price

5 3 7

$997,640 $770,233 $789,714

Oakville

Burlington

Townhouse

Sales

Avg. Price

South Mississauga

0

$0

Oakville

36

$875,160 $629,725

Burlington

19

Condominium South Mississauga

Sales

Avg. Price

24

$625,153 $706,197 $503,936

Oakville

51

Burlington

25

MLS Sales Activity for the Greater Toronto Area

steering sales stats into positive double digits. The Toronto Regional Real Estate Board MLS reported 4,581 sales for January 2020, which represents a greater than 15% increase over the same period last year and the 10th consecutive month of gains in sales numbers. The average selling price for January 2020 was $839,363 – more than 12% higher than a year ago. While both sales and price growth were above pre stress test levels, January’s active listings were down 35% from last year and were at the lowest level since January 2017, suggesting that the regulation’s impact was temporary and that until supply scarcity is solved, prices will continue to climb. The power of supply and demand was the driver of the GTA real estate market in the first month of the new decade,

UNITS

AVG. PRICE

JAN. 2020

4,581

$839,363

UNITS

AVG. PRICE

JAN. 2019

$747,175

3,968

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