Condos in Milton ON

June Market stats are in, see below for all the details

June Market stats are in, see below for all the details

TORONTO REAL ESTATE BOARD : Market Watch 

GTA REALTORS® Release June Stats

July 5, 2018 — Toronto Real Estate Board President Garry Bhaura, in his first market release as TREB President, is pleased to announce some positive signs with respect to the housing market.

Greater Toronto Area REALTORS® reported 8,082 home sales through TREB’s MLS® System in June 2018 – up 2.4 per cent compared to the low June 2017 result. After preliminary seasonal adjustment, sales were also up 17.6 per cent on a monthly basis between May 2018 and June 2018, continuing the trend of somewhat volatile month-over-month changes over the past year as
home buyers reacted to various policy changes impacting the market.

“Home ownership has proven to be a positive long-term investment. After some adjustment to the Fair Housing Plan, the new Office of The Superintendent of Financial Institutions (OSFI) stress test requirement and generally higher borrowing costs, home buyers are starting to move back into the market, with sales trending up from last year’s lows. Market conditions appear to be tightening,
with sales accounting for a greater share of listings, as new listings have dropped compared to last year,” said Mr. Bhaura.

The average selling price edged up by two per cent on a year-over-year basis to $807,871 in June 2018. After preliminary seasonal adjustment, the average selling price was also up by 3.3 per cent month-over-month between May 2018 and June 2018. The MLS® Home Price Index (HPI) was down by 4.8 per cent on a year-over-year basis but remained basically flat month-over-month. The difference in the year-over-year rates of change between the average price and the MLS® HPI was likely due, at least in part, to a change in the mix of properties sold in June 2018 compared to June 2017, with low-rise home types accounting for a greater share of sales in June 2018.

“The expectation is to see improvement in sales over the next year. Over the same period, however, it is likely that issues surrounding the supply of listings will persist. This suggests that competition between buyers could increase, exerting increased upward pressure on home prices. With a new provincial government in place and municipal elections on the horizon, housing supply
should be top-of-mind for policy makers,” said Jason Mercer, TREB’s Director of Market Analysis and Service Channels.

SCROLL DOWN TO VIEW: MILTON, OAKVILLE, BURLINGTON, HALTON HILLS (Georgetown) and MISSISSAUGA (If there is another area not listed here that you are interested in, please let us know and we will email you the details).

 

Posted by Christine Pecharich in Burlington, Georgetown, Market Reports, Milton, Mississauga, Oakville, 0 comments
May 2018 Market Statistics

May 2018 Market Statistics

Following the summary below are the charts for the Month and year to date for Milton, Oakville, Burlington, Halton Hills (Georgetown) and Mississauga. (If there is an area you are interested in and its not here, please contact us and we will send you the information)

GTA REALTORS® Release May Stats

June 4, 2018 — Greater Toronto Area REALTORS® reported 7,834 sales through TREB’s MLS® System in May 2018. This result was down by 22.2 per cent compared to May 2017. While the number of sales was down year-over-year, the annual rate of decline was less than reported in February, March and April, when sales were down by more than 30 per cent. On a month-over-month basis, seasonally adjusted May sales were basically flat compared to April.

Supply of homes available for sale continued to be an issue. New listings were down by 26.2 per cent. The fact that new listings were down by more than sales in comparison to last year means that competition increased between buyers. Recent polling conducted by Ipsos for TREB suggests that listing intentions are down markedly since the fall.

“Home ownership remains a sound long-term investment. Unfortunately, many home buyers are still finding it difficult find a home that meets their needs. In a recent Canadian Centre for Economic Analysis study undertaken for the Toronto Real Estate Board, it was found that many people are over-housed in Ontario, with over five million extra bedrooms. These people don’t list their homes for sale, because they feel there are no alternative housing types for them to move into. Policy makers need to focus more on the ‘missing middle’ – home types that bridge the gap between detached houses and condominium apartments,” said Mr. Syrianos.

The MLS® Home Price Index (HPI) Composite Benchmark was down by 5.4 per cent year-overyear. The average selling price for all home types combined was down by 6.6 per cent to $805,320. On a seasonally adjusted basis, the average selling price was up by 1.1 per cent compared to April 2018.

“Market conditions are becoming tighter in the Greater Toronto Area and this will provide support for home prices as we move through the second half of 2018 and into 2019. There are emerging indicators pointing toward increased competition between buyers, which generally leads to stronger price growth. In the City of Toronto, for example, average selling prices were at or above average listing prices for all major home types in May,” said Jason Mercer, TREB’s Director of Market Analysis.

Milton May Market Stats:

Oakville May Market Stats:

Burlington May Market Stats:

Halton Hills (Georgetown) May Market Stats:

Mississauga May Market Stats:

 

 

Posted by Christine Pecharich in Burlington, Georgetown, Market Reports, Milton, Mississauga, Oakville, 0 comments
Milton’s Medium and High Density Projects as of January 31st 2018

Milton’s Medium and High Density Projects as of January 31st 2018

Under Construction:

Builder Name Location No of Units Type of Building
First Milton S/E Corner of Main and Harris 128 Stacked Townhouses
Bucci Homes 405-475 Ontario St S. 151 Stacked Townhouses
Jasper Condos 716 Main St .E. 116 12 Floor  C-apts

 

First Line Development 80 Bronte St. S. 114 4 floor rental apts.
Mattamy W. S/E corner Louis/Leger 251 6 floor C-apts & Townhouses
Sutherland 610 Farmstead Dr 170 6 floor C-apts
Fernbrook H. 1050 Main St E 233 12 floor C-apts
Manaman C. 1050-1090 Bronte St. S. 375 3-6 floor C-apts. & Townhouses

*** TOTAL UNITS UNDER CONSTRUCTION 1,538 units

 

Approved Applications

Builder Name Location No. of units Type of Building
First Line Development 100 Bronte St. S 40 3 floor rental apts
Valeri Holdings Costigan and Miller 105 8 floor C-apts

***TOTAL UNITS CURRENTLY APPROVED 145 units

Initial Applications or under review for the next 2-12 months

Builder Name Location No. of units Type of Building
Hodero Holdings 130 Thompson Rd.S 802 27,29,31 FL. C-apts
Pine & Ontario D. 446 Pine & 72 Ont S. 19 3 floor rental apts.
Valour Mgmt 248-250 Martin St. 19 3 floor rental apts.
Main Sail Estates N/E corner of Bronte/Britania 272 4-6 fl. C- apts.
Fieldgate Homes 7480 Derry Rd 191 6 floor C-apts *seniors
Howland Green 710 Bronte St.S. 132 6 floor C-apts
Briarwood Homes 6791 Reg.Rd. #25 688 16,20,25 fl. C-apts.

***TOTAL UNDER CONSIDERATION 2,123 units

TOTAL 17 PROPOSALS FOR 3806 UNITS AT 2.2 PEOPLE PER UNIT = 8,373 PEOPLE.

Posted by Christine Pecharich, 2 comments