Oakville Market Declining at a Slower Rate

May Market Highlights
  • May volume was down by 16.1% versus last year
  • However, the annual rate of decline was less than February, March or April, when sales were down by more than 35%
  • Average price decline of 16.4% for the month has brought the year-to-date (January thru May) price decline down to 16.8%
  • New OSFI-mandated stress tests and higher borrowing costs remain key factors

Related: Monthly Neighbourhood Market Reports

What’s Your Oakville Home Worth? Get a Free market evaluation of your home.

Oakville Transactions - MAY 2018

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Bronte14$1,040,60732
Bronte Creek15$1,069,89336
Central9$1,071,51124
Clearview6$1,102,46724
College Park12$801,98324
Falgarwood9$601,57414
Ford10$2,317,90038
Glen Abbey17$1,315,17623
Glenorchy9$922,75617
Joshua Creek7$1,172,00034
Morrison7$2,976,28640
Old Oakville6$1,122,83325
River Oaks26$952,43920
Southwest3$1,577,66730
Wedgewood Creek5$957,00033
West23$1,060,78325
West Oak Trails14$929,67911
Westmount23$858,15322

Burlington Market Declining at a Slower Rate

May Market Highlights
  • May volume was down by 24.6% versus last year
  • However, the annual rate of decline was less than February, March or April, when sales were down by more than 35%
  • Supply of homes available for sale continues to be an issue, with new listings down by 25.3% versus last year
  • Average price decline of 7.5% for the month has brought the year-to-date (January thru May) price decline down to 7.4%

Related: Monthly Neighbourhood Market Reports

WHAT’S YOUR BUrlington HOME WORTH? GET A FREE MARKET EVALUATION OF YOUR HOME.

Burlington Transactions - MAY 2018

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Aldershot South9$912,98928
Alton Central5$813,80033
Alton West10$901,55027
Brant Hills17$620,64722
Central21$950,09232
Dynes7$872,70026
Elizabeth Gardens6$815,00014
Headon Forest11$737,26429
Longmoor8$644,67522
Maple10$750,55023
Millcroft15$1,041,76723
Mountainside5$593,65914
Orchard10$728,59024
Palmer9$609,30030
Pinedale10$721,35019
Roseland10$1,173,30033
Shoreacres6$1,431,25030
Tansley3$542,26730

École Forest Trail Fun Fair

École Forest Trail is a school that feels like a second home to all students, parents and even teachers. The sense of belonging and contribution is contagious as soon as you become a member of this wonderful, big family. Our annual Fun Fair Fantastique is one of École Forest Trail’s most popular fundraising events. École Forest Trail is one of the most technological and educationally advanced schools in Oakville and all of our fundraising proceeds are spent on additional supporting events and material focused on the student advancements.

Saghar is so proud to be a parent and a member of this school’s Parent Council. For her, it has been an honour and privilege to contribute to more forward the mission and vision of this amazing school.

We are inviting the whole community to be part of this very popular evening or possibly sponsoring an activity! There will be approximately 800 children from grades two to eight and this signature event brings our families together to celebrate! The École Forest Trail Fun Fair will include many fun activities such as bouncy castles, a cake walk, photo booth, carnival games, food trucks and a talent show. The evening is such a huge success because of the many wonderful parents, staff, and students that volunteer their time to make it all happen! École Forest Trail has received so many positive comments from everyone who has attended the event in the previous years.

Look for our branded Mini’s at the event! We hope to see you there on Thursday, June 14th from 5-8pm.

Oakville Market Doldrums Continue

April Market Highlights
  • April volume down by 44.9% versus last year’s robust sales (190 units versus 345 units)
  • Year-to-date (January through April) volume down 36.6% versus last year (694 units versus 1,095 units)
  • April average price also showed weakness, declining by 14.5% versus last year to $1,098,642
  • Lingering effects of 2017 Fair Housing Plan, new OSFI-mandated stress tests and higher borrowing costs remain key factors

Related: Monthly Neighbourhood Market Reports

What’s Your Oakville Home Worth? Get a Free market evaluation of your home.

Oakville Transactions - APR 2018

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Bronte14$1,080,91427
Bronte Creek16$1,096,24315
Central6$1,359,43325
Clearview3$1,067,13339
College Park10$868,65618
Falgarwood4$778,50020
Ford4$1,529,37524
Glen Abbey13$1,410,25420
Glenorchy17$952,61230
Joshua Creek5$1,370,37829
Morrison3$1,645,83337
Old Oakville3$1,918,33345
River Oaks20$1,021,04519
Southwest4$2,871,65824
Wedgewood Creek10$1,025,10040
West15$1,191,17328
West Oak Trails16$868,69918
Westmount21$878,81028

Burlington Market Doldrums Continue

April Market Highlights
  • April volume down by 34.9% vs last year’s highly robust sales (218 units vs 335 units)
  • Year-to-date (January through April) volume down 41.4% vs last year (622 units vs 1,062 units)
  • April average price also showed weakness, declining by 6.1% vs last year to $734,970
  • Lingering effects of 2017 Fair Housing Plan, new OSFI-mandated stress tests and higher borrowing costs remain key factors

Related: Monthly Neighbourhood Market Reports

WHAT’S YOUR BUrlington HOME WORTH? GET A FREE MARKET EVALUATION OF YOUR HOME.

Burlington Transactions - APR 2018

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Aldershot South10$684,99017
Alton Central---
Alton West4$1,066,50025
Brant Hills14$683,11618
Central6$957,43328
Dynes6$575,26443
Elizabeth Gardens13$689,57723
Headon Forest13$742,41519
Longmoor7$691,34318
Maple7$636,50017
Millcroft17$1,191,08820
Mountainside5$512,50032
Orchard6$765,83318
Palmer13$650,99224
Pinedale5$676,75726
Roseland7$1,539,28623
Shoreacres8$1,141,37512
Tansley6$768,83324