December 2022 – GTA Housing Market News
What is going on with the real estate market?
Here are the December stats:
- The average sale price in the GTA is $1,051,216
- Housing market experienced a marked adjustment in 2022 compared to record levels in 2021.
- Existing affordability issues brought about by a lack of housing supply were increased by the interest rate hikes by the Bank of Canada.
- Prices have leveled off in Milton, the average home prices in December is the same average price in June and July of 2022.
Milton Real Estate Market
The average price in Milton $1,069,068
Burlington Real Estate Market
The average price in Burlington $1,070,036
Oakville Real Estate Market
The average price in Oakville $1,449,722
