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Optimistic for the Fall – October Market Report

Optimistic for the Fall – October Market Report

Will The Market Turn Over a New Leaf?

The kids are back to school and the leaves are beginning to fall. After the reopening this summer, this fall is full of optimism.

Despite the traditional summer lull in real estate, TREB reported the third-best sales results on record for August. The demand for housing continues to be high resulting in competition between buyers. Regardless of the low inventory, the average selling price for all property types was up 12.6% year-over-year.

TRREB President Kevin Crigger echoed that sentiment by stating, “It is clear that the supply of homes is not keeping pace with demand… Working with provincial and municipal levels of government on solving supply-related issues is much more important to affordability than interfering with consumer choice during the home buying and selling offer process or revisiting demand-side policies that will at best have a short-term impact on market conditions.”

With the double-digit annual increases in selling prices, the market is very appealing to sellers across the GTA. Homeowners are either capitalizing on the continuance of the seller’s market or awaiting new government policies.

As we transition to spending more time indoors and celebrate Thanksgiving, you may realize you have either outgrown your space or want to downsize. Whatever you are looking for, the team at the Dan Cooper Group is here to help. Contact us today to discuss your housing needs and dreams!

Oakville Report

Oakville Market Insights Oct
Oct Oakville Housing Stats
Oakville Stats by Housing Type

Burlington Report

Burlington Market Insights Oct
Oct Burlington Housing Stats
Burlington Stats by Housing Type

Milton Report

Milton Market Insights Oct
Oct Milton Housing Stats
Milton Stats by Housing Type

Waterdown Report

Waterdown Market Insights Oct
Oct Waterdown Housing Stats
Waterdown Stats by Housing Stats

Mississauga Report

Mississauga Market Insights Oct
Oct Mississauga Housing Stats
Mississauga Stats by Housing Type

Statistics provided by the Toronto Regional Real Estate Board, the Oakville, Milton & District Real Estate Board and the REALTORS® Association of Hamilton-Burlington.

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