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Jan
17

Burlington Home Prices Surge by 15.8% in 2017

Burlington Home Prices Surge by 15.8% in 2017

December Market Highlights
  • Burlington home prices surged by 15.8% in 2017, to $761,356 for the average resale home
  • Ontario Fair Housing Plan, introduced in April 2016, had a significant psychological impact on buyers
  • 2017 total volume of 2,606 units was down by 16.3% versus record-setting 2016 volume of 3,114 units
  • New federal mortgage lending guidelines (“stress test” qualification) became effective on January 1st, 2018

Related: Monthly Neighbourhood Market Reports

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

Burlington Transactions - DEC 2017

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Aldershot South8$839,12548
Alton Central1$1,000,00028
Alton West---
Brant Hills7$598,89334
Central5$888,10045
Dynes4$661,25057
Elizabeth Gardens4$792,75023
Headon Forest9$568,33346
Longmoor3$831,50030
Maple6$733,48368
Millcroft6$721,46736
Mountainside3$592,66739
Orchard4$804,75015
Palmer2$618,75027
Pinedale6$525,66733
Roseland2$1,365,00099
Shoreacres5$969,00019
Tansley3$684,33346