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Mar
13

Burlington Market Remains Soft In Early 2018

Burlington Market Remains Soft In Early 2018

February Market Highlights
  • February volume down by 50.0% versus last year’s strong sales, with 118 total units sold
  • Average price also showed weakness, declining by 9.2% versus last year to $686,856
  • New OSFI-mandated mortgage stress tests for uninsured mortgages plus higher borrowing rates are likely key factors
  • Days on market at 33 days, down from 40 days in January but up from just 18 days in February 2017

Related: Monthly Neighbourhood Market Reports

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

Burlington Transactions - FEB 2018

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Aldershot South8$682,57523
Alton Central1$735,00020
Alton West4$739,87524
Brant Hills8$666,00020
Central4$709,01149
Dynes2$763,00081
Elizabeth Gardens3$810,26730
Headon Forest8$763,62527
Longmoor3$597,63339
Maple3$835,00071
Millcroft10$999,82127
Mountainside5$574,40030
Orchard5$832,88012
Palmer6$625,21712
Pinedale3$698,66745
Roseland5$910,90033
Shoreacres2$1,129,00023
Tansley2$493,50032