GTA homes

OPEN HOUSE SUNDAY NOV 4TH 1-3 PM

OPEN HOUSE SUNDAY NOV 4TH 1-3 PM

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1345 Glenburnie Rd, Mississauga, Ontario L5G 3C (888803478428)

Gorgeous sprawling Bungalow located in the very prestigious “Mineloa West” along the Shores of Lake Ontario. Situated on a private lush & tranquil setting on a prime Ravine Property. Featuring large principle rooms,hardwood flooring,crown moulding,pot lights,large windows,Gourmet Kitchen with Granite & garden door to your deck &private oasis. Finished walk out basement, inground pool, hot tub and landscaped gardens. Enjoy over 3800 sq ft of total living space.

 

 

Posted by Christine Pecharich in Mississauga, 0 comments
MAY MARKET STATISTICS

MAY MARKET STATISTICS

GTA REALTORS® Release May 2019 Stats

June 5, 2019 — Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 9,989 transactions through TREB’s MLS® System in May 2019.* While this result represented a substantial increase of 18.9 per cent over the 15-year low in May 2018, it should be noted that the result was still below the average for month of May sales for the previous ten years, which stands at almost 10,300.

The year-over-year uptick in sales experienced so far in the second quarter of 2019 reflects spring polling results from Ipsos (undertaken on behalf of TREB) suggesting that the share of likely home buyers in the Greater Toronto Area has edged upwards since the fall.

“After a sluggish start to 2019, the second quarter appears to be reflecting a positive shift in consumer sentiment toward ownership housing. Households continue to see ownership housing in the GTA as a quality long-term investment as population growth from immigration remains strong and the regional economy continues to create jobs across diversity of sectors. However, sales activity continues to be below the longer term norm, as potential home buyers come to terms with the OSFI mortgage stress test and the fact that listings continue to be constrained relative to sales,” said Mr. Bhaura.

The number of new listings entered into TREB’s MLS® System in May 2019 was up only slightly compared to May 2018, increasing by 0.8 per cent to 19,386. Year-over-year growth in new listings was far outstripped by year-over-year growth in sales. This means that market conditions continued to tighten in favour of sellers. The MLS® Home Price Index (HPI) Composite benchmark price was up by 3.1 per cent on a year-over-basis. The average selling price for all home types combined was up by a similar 3.6 per cent to $838,540. Price growth was driven by the condominium apartment and townhouse market segments.

Milton Summary:

Average Sale Price over this time last year:  + 5.4%

Number of Sales over this time last year:  + 23.3%

Oakville Summary:

Average Sale Price over this time last year:  – 1.4%

Number of Sales over this time last year:  + 4.6%

Burlington Summary:

Average Sale Price over this time last year:  – 0.8%

Number of Sales over this time last year:  + 12.0%

Halton Hills (Georgetown) Summary:

Average Sale Price over this time last year:  + 2.2%

Number of Sales over this time last year:  + 55.6%

Mississauga Summary:

Average Sale Price over this time last year:  + 6.0%

Number of Sales over this time last year:  + 9.3%

Posted by Christine Pecharich, 0 comments