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House prices in Halton Hills have hit a new peak, according to a real estate report examining recent sales in GTA markets.Real estate agency Zoocasa said the real estate mar
stanley fr ket in the Greater Toronto Area GTA continued on an upward trajectory this summer, with August 2020 hitting a second month of record breaking sales following a slow spring market.Every municipality in Halton Region noted an average detached home price at or near its peak in August 2020. In Burlington $1,184,945 and Halton Hills $1,046,213 , average prices hit their highest levels on record, Zoocasa said in its report, while Milton $1,044,360 saw prices $7,603 lower than the July record price. Oakville recorded its third highest average home price for detached properties at $1,582,531 in August, the report revealed. 聽 ARTICLE CO
stanley thermobecher NTINUES BELOW In all, 12 of the 33 GTA municipalities examined saw record-breaking average home prices for detached properties in August, Zoocasa spokesperson Jannine Rane said. With low borrowing costs, and improving economic conditions, GTA buyers jumped back
stanley tazas into the market, albeit with a renewed look at their housing priorities, she said. With more people spending the majority of their time at home over the past few months, some buyers are now seeking out larger properties with backyards or better access to green space, resulting in a shift in housing demand to munici Bpno Bus driver allegedly attacked by passenger
Oakville and Burlington are heading into the fall real estate market in different directions.The Toronto Regional Real Estate Board TRREB released its August report this week and it shows sales are up in both municipalities compared to August.Burlington saw 211 house sales in August, up from 177 in July. Oakville saw 167 sales last month, up slightly from 162 in July. ARTICLE CONTINUES BELOW Sales represented a higher share of new listings compared to the previous three months. If this trend continues, it could indicate some support for selling prices in the months ahead, according to the TRREB report.House prices in Oakville continue to climb, with the average sale price in August being $1,587,619, an increase of four per cent from the $
stanley mugs 1,524,237 average selling price in August. ARTICLE CONTINUES BELOW In Burlington, house prices continue to drop, with the average selling price being just over $1 million at $1,070,005 in August compared to $1,135,359 in July.While higher borrowing costs have impacted home purchase decisions, existing homeowners nearing mortgage renewal are also facing higher costs. There is room for the federal government to provide for greater housing affordability for existing homeowners
vaso stanley by removing the stress test when exis
stanley mug ting mortgages are switched to a new lender, allowing for greater competition in the mortgage market, said TRREB p
