Events 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
COMMUNITY EVENTS IN MILTON

COMMUNITY EVENTS IN MILTON

Whats happening in Milton:

For more details just click on the description

May 2018

May 5th –  Milton’s Good Neighbour Community Day 8:00 am register at Hugh Foster Hall

April 2018

April 7thGhostly Encounters in Milton, 1:00 pm – 10 pm, Country Heritage Park

April 6thBowl for kids sake – Councillor Zee hamid Challenge, Champs Entertainment Centre 

April 8thMother’s day shopping event 2pm – 5 pm 783 Clements Dr Milton

April 13thMilton Lifestyle Homeshow 3:00 – 8:00 pm Milton Memorial Arena 

April 14thMilton Historical Society Annual Garage Sale 9;30 am – 4 pm

April 28th – Kids Fishing Derby at Mill Pond 8:00 am to 12:50 pm, 13 years and under, prizes and 50/50 raffle

March 2018

March 21stWild Wing West Milton 7-9 pm / Wine Glass Painting

March 22nd5th Annual Charity Wine Tasting 7 pm / Casa Americo

March 24thDowntown Milton Easter Egg Hunt 10 am- 12pm

March 25thBronte Creek Maple Syrup Festival 2018 March 18-24th/ March 30-April 1st

March 27thMompreneurs Momentum Luncheon Series 11:30 am – 1:30 pm Pasqualina’s Fine Food

March 30th, 31st, April 1st 10 am – 4pm Easter Festival “Professional Puppet Show”/hosted by Springride Farm

March 31st – 10 am-12:30 pm Bronte Easter EGGstravaganza and Bunny Trail

Posted by Christine Pecharich, 0 comments