October 2022 – GTA Housing Market News
Real Estate stats worth noting
From September to October 2022 home prices & number of transactions fell flat (meaning we saw a 0% increase month over month).
Why?
Simply due to lack of inventory.
Where do home prices sit when looking at the last year? 2 years? 5 years? 10 years?
➡️ Year 6% decrease
➡️ 2 years 11% increase
➡️ 5 years 28% increase
➡️ 10 years 54% increase
This is why it’s important to look at the larger picture and not try to time the market.
Buy and sell when it makes sense for you and your particular situation.
Milton Real Estate Market
The average price in Milton $1,031,770
Burlington Real Estate Market
The average price in Burlington $1,223,189
Oakville Real Estate Market
The average price in Oakville $1,487,485
