September 2019 Edition: Real Estate Market Watch

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

MARKET UPDATE September Edition

Sales & Average Price By Major Home Type

Detached

Sales

Avg. Price $1,325,969 $1,351,695

South Mississauga

45

Oakville

140 122

Burlington

$978,192

Semi–Detached South Mississauga

Sales

Avg. Price

7

$953,685 $684,000 $640,190

Oakville

1

Burlington

10

Townhouse

Sales

Avg. Price

South Mississauga

3

$815,267 $796,251 $608,845

Oakville

45 62

Burlington

Condominium South Mississauga

Sales

Avg. Price

40 93

$684,485 $560,417 $548,983

Oakville

Burlington

102

MLS Sales Activity for the Greater Toronto Area

representing a 13.4 per cent increase over August’s 2018 results. Detached home sales in the 905 area showed the most significant increase of all property types with a 24.5 per cent rise year-over-year. The federal government’s First-Time Home Buyer Incentive (FTHBI) that came into effect on September 2 may add further momentum, as the 905 area is anticipated to be a more likely beneficiary of the program than the 416 area. Total Active Listings continue to be an important part of the story with a drop of available inventory across the board of 11.16 per cent from last year. The 416 area had under 30 per cent of the 15,870 Active Listings reported by TREB for August, indicat- ing that the 905 is heating up faster than the City. 7,711 home sales were reported through the Toronto Real Estate Board MLS in August 2019,

UNITS

AVG. PRICE

AUGUST 2019

7,711

$792,611

UNITS

AVG. PRICE

AUGUST 2018

$765,252

6,797

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