National Trends

This decline follows significant rent increases in previous years, with growth rates of 8.6% in 2023 and 12.1% in 2022. Over the past five years, rents have risen by a total of 16.8%, averaging an annual increase of approximately 3.15%. The downward trend in 2024 was consistent over the latter part of the year, with December marking the fifth consecutive month of declining rents. Between September and December, average asking rents fell by 3.8%, indicating a steepening decline heading into 2025.

Provincial Overview

• Ontario: The province experienced a 4.7% year-over-year decrease in apartment rents, averaging $2,332 in December 2024. Despite this decline, Ontario remains one of the most expensive provinces for renters. BNN
• British Columbia: Average rents dipped slightly by 0.5% to $2,487, marking the second consecutive year of declines. Nevertheless, B.C. continues to be among the priciest provinces for renters. Mortgage Rates Canada
• Manitoba: The province led in rent growth, with a 5% annual increase bringing the average to $1,618. This consistent rise aligns with the 4.9% increase observed in 2023. BNN

Municipal Highlights

Here are the average rents for one-bedroom and two-bedroom units in select Canadian cities as of December 2024:

Factors Influencing the Market

Several factors contributed to the softening rental market in 2024:

• Increased Supply: A surge in apartment completions reached multi-decade highs, expanding the available rental inventory. BNN
• Slowing Population Growth: A deceleration in population inflows reduced the immediate demand for rental housing. Mortgage Rates Canada
• Economic Challenges: A weakening economy influenced renters’ ability to afford higher rents, contributing to downward pressure on prices. Mortgage Rates Canada

Outlook for 2025

Urbanation President Shaun Hildebrand suggests that while rents may experience further decreases in early 2025, these declines are expected to be temporary and minimal. The long-term under-supply of rental units in Canada is likely to exert upward pressure on rents in the coming years, especially as the current slowdown in construction may restrict future supply.

In conclusion, the Canadian rental market in 2024 saw a reversal of the upward trend in rents observed in previous years. While the recent declines offer some relief to renters, underlying supply constraints suggest that this trend may not persist in the long term. Stakeholders should monitor these dynamics closely as they plan for the future.

Get in Touch

If you have any questions, comments, or need help renting your home, or finding a rental home in Toronto, Hamilton or GTA, please contact Sean Findlay, Realtor at 1-888-450-8301 or click here to schedule a call.

The post Canada Rent Report for January 2025 appeared first on FINDLAY REAL ESTATE.

As we enter September 2024, Hamilton’s real estate market shows a balanced performance, offering opportunities for both buyers and sellers. Here’s an overview of what’s happening across the city.

Hamilton Market Overview

• Average Home Price: The average price for a home in Hamilton is currently $760,000, reflecting a 1.5% increase from August. This moderate price rise indicates ongoing demand, especially in more affordable neighborhoods. Hamilton Market Watch: Real Estate Housing Update September 2024 highlights that despite these increases, the market remains accessible to a range of buyers.
• Inventory: There has been a 5% increase in listings, giving buyers more choices in both the detached and condo markets. This rise in inventory is softening competition slightly, making it easier for buyers to find homes without entering bidding wars.
• Days on Market: Homes in Hamilton are currently averaging 19 days on the market, a slight uptick from the previous months but still relatively quick for the region.

Key Market Trends

• Affordable Housing: Hamilton continues to attract first-time buyers due to its relatively affordable home prices compared to the GTA. Hamilton Market Watch: Real Estate Housing Update September 2024 points out that areas such as East Hamilton and Crown Point are seeing increased activity, with home prices remaining below the city average.
• Luxury Market: Higher-end homes in neighborhoods like Ancaster and Dundas remain in demand, with prices surpassing $1.4 million. Buyers in this segment are looking for properties with large lot sizes, premium finishes, and proximity to nature, making these neighborhoods prime targets for affluent homebuyers.
• Condo Market: The condo market in Hamilton is holding steady, with average prices around $450,000. This segment is attracting both young professionals and retirees looking for low-maintenance living. However, Hamilton Market Watch: Real Estate Housing Update September 2024 notes that sellers need to remain competitive with pricing due to increased condo listings.

Hamilton Neighborhood Spotlight: Westdale

Westdale has emerged as a thriving area for both families and investors. With its proximity to McMaster University and charming neighborhood feel, homes here average around $800,000. Properties in this area tend to sell quickly due to high demand for rental properties and family homes.

Looking Ahead

As we move into the fall market, Hamilton Market Watch: Real Estate Housing Update September 2024 forecasts steady price growth, with the market remaining favorable for both buyers and sellers. While inventory levels are rising, homes that are well-priced and move-in ready will continue to sell quickly.

Whether you’re buying or selling in Hamilton, the market remains vibrant, with a variety of opportunities depending on your goals.

*Stats from Toronto Regional Real Estate Board (TRREB)

Contact Realtor Sean Findlay for a Free Home Buyers Consultation

Planning to buy a home in Hamilton or surrounding area? Contact Realtor Sean Findlay today at 416-996-0054 for a free home buyers consultation, and let’s map out your home-buying journey together. I’ll help you navigate the process with confidence and ensure you’re fully prepared for every step along the way.

Let’s make home ownership a smooth and exciting experience! Reach out today to get started.

The post Hamilton Market Watch: Real Estate Housing Update September 2024 appeared first on FINDLAY REAL ESTATE.

Ontario continues to be one of the most desirable places to live in Canada, attracting homebuyers and investors from across the country and around the globe. As the demand for housing grows, so do the prices, particularly in some of the province’s most sought-after cities. In this 2024 report, we explore the most expensive cities in Ontario for real estate, providing insights into what makes these locations so coveted and what you can expect if you’re looking to buy a home there.

1. Toronto: The Crown Jewel of Ontario Real Estate

Average Home Price: $1.5 Million

Toronto remains the most expensive city in Ontario—and Canada—for real estate in 2024. With its bustling economy, vibrant cultural scene, and diverse population, Toronto is a global city that continues to draw people from all walks of life. The city’s luxury condos, historic homes, and proximity to top-tier amenities make it a top choice for high-net-worth individuals.

Why Toronto?

• Economic Hub: Toronto is Canada’s financial center, home to major banks, corporations, and tech companies. The job market is robust, attracting professionals seeking proximity to work.
• Cultural Diversity: With its multicultural neighborhoods, Toronto offers a rich cultural tapestry, with dining, entertainment, and events that appeal to a wide range of tastes.
• Education and Healthcare: The city is home to world-class universities and hospitals, making it a desirable location for families and international students.

2. Oakville: Suburban Luxury Meets Tranquility

Average Home Price: $1.4 Million

Oakville, a picturesque town located on the shores of Lake Ontario, is known for its affluent neighborhoods, top-ranked schools, and peaceful suburban atmosphere. Despite being a quieter alternative to Toronto, Oakville’s real estate market is nearly as competitive, with luxury homes and waterfront properties driving prices up.

Why Oakville?

• Quality of Life: Oakville consistently ranks high in quality of life metrics, with excellent schools, parks, and community services.
• Proximity to Toronto: Just a short commute from Toronto, Oakville offers the perfect blend of suburban tranquility and easy access to the city’s amenities.
• Waterfront Living: The town’s scenic waterfront is lined with upscale homes, marinas, and parks, offering a serene lifestyle for those who can afford it.

3. Vaughan: The Rapidly Growing City of Innovation

Average Home Price: $1.2 Million

Vaughan, located just north of Toronto, has seen significant growth over the past decade, transforming from a suburban area into a thriving city. With new developments, state-of-the-art infrastructure, and the recent opening of the Vaughan Metropolitan Centre, the city has become a hotspot for real estate investment.

Why Vaughan?

• Modern Infrastructure: Vaughan’s rapid development has led to the creation of modern residential communities, shopping centers, and public transit options, including a direct subway link to Toronto.
• Family-Friendly: The city is known for its safe neighborhoods, excellent schools, and abundant recreational facilities, making it a top choice for families.
• Cultural Attractions: Vaughan is home to cultural landmarks like Canada’s Wonderland and the McMichael Canadian Art Collection, adding to its appeal.

4. Mississauga: The Growing Urban Powerhouse

Average Home Price: $1.1 Million

Mississauga, once considered a suburban extension of Toronto, has become a city in its own right, with a diverse population, thriving business districts, and a rapidly growing skyline. Real estate in Mississauga is highly sought after, especially in neighborhoods like Port Credit and Lorne Park.

Why Mississauga?

• Business and Employment: Mississauga is home to numerous multinational corporations, providing ample job opportunities for residents.
• Cultural Diversity: The city boasts a multicultural population, with vibrant communities and a variety of international cuisines, festivals, and events.
• Proximity to Toronto Pearson Airport: As the location of Canada’s busiest airport, Mississauga is a hub for business travelers and frequent flyers.

5. Markham: The Tech Hub of Ontario

Average Home Price: $1.1 Million

Markham, known as the “High-Tech Capital of Canada,” has a strong economy driven by technology and innovation. The city’s blend of modern urban development and rich cultural heritage has made it a top destination for real estate investment, particularly among young professionals and families.

Why Markham?

• Tech Industry: Markham is home to many leading tech companies, providing high-paying jobs and driving demand for housing.
• Education: The city offers excellent schools and is close to York University, making it a popular choice for families.
• Cultural Diversity: Markham’s diverse population is reflected in its array of cultural festivals, dining options, and community events.

6. Richmond Hill: The Upscale Suburban Retreat

Average Home Price: $1.0 Million

Richmond Hill offers a quieter, more suburban lifestyle while still being within reach of Toronto’s urban amenities. Known for its upscale neighborhoods and high-quality schools, Richmond Hill has become one of the most expensive places to buy a home in Ontario.

Why Richmond Hill?

• Safe and Quiet: Richmond Hill is ideal for those seeking a peaceful, family-friendly environment.
• Proximity to Nature: The city is surrounded by parks, trails, and conservation areas, providing ample opportunities for outdoor activities.
• High-Quality Education: Richmond Hill is known for its top-rated schools, attracting families looking for the best educational opportunities for their children.

7. Burlington: The Perfect Blend of City and Nature

Average Home Price: $1.0 Million

Burlington, located between Toronto and Hamilton, is known for its high quality of life, excellent schools, and beautiful waterfront. The city’s real estate market is competitive, with many buyers drawn to its combination of urban amenities and natural beauty.

Why Burlington?

• Scenic Views: Burlington’s location on the shores of Lake Ontario offers stunning waterfront views and outdoor activities.
• Strong Community: The city is known for its strong sense of community, with numerous events, festivals, and public spaces.
• Convenient Location: Burlington’s proximity to both Toronto and Hamilton makes it an ideal location for commuters.

8. Milton: The Fast-Growing Suburban Gem

Average Home Price: $950,000

Milton has rapidly transformed from a small town into one of Ontario’s fastest-growing cities. With new residential developments and expanding infrastructure, Milton offers a mix of suburban charm and modern conveniences, making it a desirable place for families and professionals alike.

Why Milton?

• Affordability: Compared to other cities in the Greater Toronto Area (GTA), Milton offers relatively more affordable housing options while still maintaining a high standard of living.
• Family-Oriented: Milton is known for its excellent schools, parks, and community centers, making it an attractive location for families.
• Proximity to Nature: The city is close to several conservation areas and parks, providing residents with ample opportunities for outdoor activities.

9. Hamilton: The Rising Star of Ontario Real Estate

Average Home Price: $900,000

Hamilton has emerged as a major player in Ontario’s real estate market, thanks to its affordable housing options, vibrant arts scene, and growing economy. The city’s revitalization efforts have made it increasingly attractive to both investors and homebuyers, particularly those looking for a more affordable alternative to Toronto.

Why Hamilton?

• Cultural Renaissance: Hamilton’s arts and culture scene has flourished in recent years, with new galleries, theaters, and music venues popping up across the city.
• Economic Growth: The city’s economy has diversified, with growth in sectors like healthcare, education, and technology.
• Affordable Living: While prices are rising, Hamilton still offers more affordable real estate options compared to cities like Toronto and Oakville.

10. Whitby: The Hidden Gem of the Durham Region

Average Home Price: $880,000

Whitby, located in the Durham Region, is often overshadowed by its more famous neighbors, but it has quietly become one of the most desirable places to live in Ontario. With its excellent schools, safe neighborhoods, and proximity to both Toronto and nature, Whitby offers a high quality of life at a more affordable price point.

Why Whitby?

• Community-Focused: Whitby is known for its tight-knit community, with plenty of local events, festivals, and family-friendly activities.
• Proximity to Toronto: The city offers an easy commute to Toronto, making it an attractive option for professionals who work in the city but prefer a suburban lifestyle.
• Access to Nature: Whitby is close to Lake Ontario and several parks, providing residents with ample opportunities for outdoor recreation.

Conclusion: Navigating Ontario’s Expensive Real Estate Markets

Ontario’s real estate market in 2024 is as competitive as ever, with prices continuing to rise in the province’s most desirable cities. Whether you’re drawn to the bustling urban life of Toronto, the suburban luxury of Oakville, or the innovation-driven growth of Vaughan, these cities offer a variety of lifestyle options for those who can afford them.

If you’re considering buying in one of Ontario’s most expensive cities, it’s crucial to work with a knowledgeable real estate agent who can guide you through the process. Understanding the local market, securing financing, and making a competitive offer are all essential steps in purchasing a home in these high-demand areas.

Ontario

2019 to 2021 saw modest growth in Ontario, and the past year in 2022 has seen even bigger increases. “Demand has been off the charts,” says  Realtor Sean Findlay owner of Findlay Real Estate | Century 21 “Our clients are moving up from Toronto now that they can work from home. People are also realizing how much more space you can get once you get out of the metro area.”

Suburbs have all seen double-digit increases in prices, with the highest in those communities that are just a little outside a regular commute. “Now that people are commuting a few times a week rather than every day, they’re willing to be a bit further from their jobs in order to secure a bigger home at a more affordable price,” says Amandalyn Findlay of Findlay Mortgages

Prices in downtown Toronto condos were actually slightly down for the first six months of the year, but are coming back strong. 2021 started with lower prices than we saw in the initial pandemic, but have increased as the year went on. Ottawa condos were also down year over year but, they too are rebounding as 2022 continues.

When it comes to living in Ontario, there’s no denying that there are some areas that are more expensive than others, with prices changing drastically from region to region.

And yet, despite the unprecedented economic crisis brought on by the pandemic, Ontario’s housing market is showing little signs of slowing down. In fact, HelloSafe — an insurance comparison platform — reported that “Ontario’s real estate prices increased faster between March 2020 and March 2021 than in British Colombia (29.9% vs 20.2%) – “which proves Ontario’s housing market dynamism despite the gloomy circumstances of COVID-19.”

As you can imagine, regions are now seeing vastly different real estate prices in the wake of the pandemic. And, if you’re curious which of Ontario’s cities are the most expensive to buy a home, HelloSafe has rounded up the top cities where real estate prices are currently the highest in Ontario.

Unsurprisingly, the great majority of them (except Ottawa) are located near, or in, the Greater Toronto Area (GTA).

These Are the Most Expensive Cities in Ontario for Real Estate- Chart

Most Expensive Cities Ontario/HelloSafe

According to HelloSafe, Oakville-Milton is currently the most expensive area to buy a home in the province, with the average transaction price hitting $1,335,200 in March 2021, a 20% year-over-year increase from March 2020, when the prices were an average of $1,113,200.

This is followed by the Toronto-area, where the transaction price in March was $1,102,804 — a 21.8% year-over-year increase. On the other hand of the ranking, Sault Ste. Marie came out in the final spot, with an average transaction price of $257,955 — up 24.3% year-over-year.

Historically The most expensive cities in Ontario for real estate:
1. Oakville-Milton
2. Mississauga
3. Toronto
4. Durham Region
5. Hamilton-Burlington
6. Orangeville
7. Guelph & District
8. Kitchener-Waterloo
9. Ottawa
10. Greater Sudbury
11. Thunder Bay
12. Sault Ste. Marie

While Ontario is known for being expensive for real estate with average prices sitting at $890,035 in March, the province still isn’t as pricey as British Columbia, where the average price reached $945,936 in March — a $55,901 difference from Ontario.
However, HelloSafe noted that prices in Ontario are still above the Canadian average of $716,828. In comparison, it’s almost twice as expensive to buy a house in Ontario than in Nova Scotia, where the average price was $362,988 in March.

Methodology: HelloSafe used data from CREA and the data is accurate at the time of publication.

For more information, questions or inquiries contact Realtor Sean Findlay at 905-450-8300 or email Sean.Findlay@Century21.ca

Sean Findlay – Professional Realtor | Sales Representative | Real Estate Digital Marketing Specialist

– Proudly Specializing in Toronto, Stoney Creek, Hamilton & GTA Real Estate –

Toronto, Mississauga, Brampton, Milton, Oakville, Burlington, Stoney Creek, Grimsby, Hamilton, Niagara Falls.

CENTURY 21 Millennium Inc., Brokerage * Office: 905-450-8300 or Toll Free: 1-888-450-8301 | Fax: 905-450-6736

Toronto Office Located: 181 Queen St E Brampton, ON L6W 2B3 (by Appointment Only)

Stoney Creek Office Located: 280 Barton St, Stoney Creek, ON L8E 2K6 (by Appointment Only)

The post These Are the Most Expensive Cities in Ontario for Real Estate: 2024 Report appeared first on FINDLAY REAL ESTATE.

Discover the economic and development opportunities and challenges in Stoney Creek, Ontario with our comprehensive market analysis. Our analysis covers key performance indicators such as population and job growth, median household income and home values, and crime rates. Learn about the unique regional challenges and opportunities for growth in emerging industries, sustainable infrastructure, and tourism and recreation.

Analysis of Unique Economic, Development, and/or Regional Challenges in Stoney Creek:

Stoney Creek is a rapidly growing community in the Hamilton area, and one of the main challenges the region faces is managing the growth while preserving the natural environment and maintaining a high quality of life for its residents. The community is known for its beautiful waterfront, natural parks, and outdoor recreational opportunities, but these assets are also under pressure from development and urbanization. The region needs to balance the need for economic growth and job creation with the need to protect its natural resources and preserve its unique character.

Another challenge faced by the Stoney Creek community is the aging infrastructure, particularly in terms of transportation. The region has been experiencing traffic congestion, especially during peak hours, which affects both commuters and businesses. There is a need for improved transportation infrastructure, including roads, highways, and public transportation, to support the growing population and economy.

Furthermore, Stoney Creek is also facing challenges related to affordable housing. As the median home values continue to rise, it may become increasingly difficult for some residents to afford housing in the community. This could lead to a lack of diversity in the community and make it more difficult for lower-income families to access employment opportunities and essential services.

Stoney Creek Data Table (2011-2021):

Stoney Creek Analysis of Positive Economic or Development Opportunities:

Despite the challenges, Stoney Creek presents several positive economic and development opportunities, particularly for investors. The region is strategically located near major highways and transportation hubs, making it an attractive location for businesses. The area has a diverse economy, with opportunities in manufacturing, healthcare, and education. The growing population also presents opportunities for real estate development, particularly in the areas of affordable housing and mixed-use developments that combine residential and commercial spaces.

Stoney Creek also has a strong sense of community and a growing cultural scene, which could attract businesses and entrepreneurs looking for a supportive environment. The region is home to several festivals and events throughout the year, such as the Winona Peach Festival and the Stoney Creek EasterFest, which could help drive tourism and support local businesses.

Overall, Stoney Creek presents a mix of challenges and opportunities, but with careful planning and investment, the region has the potential to continue its growth and development while preserving its unique character and natural assets.

Economic, Development, and Regional Challenges for Stoney Creek:

One of the main challenges facing Stoney Creek is the need for sustainable economic development. While the region has seen growth in recent years, it is facing increasing competition from other cities in the Greater Toronto Area. This competition for business investment and talent means that Stoney Creek must work to create a competitive and attractive business environment, which includes investing in infrastructure, fostering innovation, and providing supportive services to businesses.

Another challenge faced by Stoney Creek is its dependence on traditional industries, such as manufacturing. While these industries remain important to the local economy, they are facing increasing pressures from automation, outsourcing, and changing global markets. To remain competitive, Stoney Creek must diversify its economy, investing in emerging industries and supporting entrepreneurship and innovation.

Stoney Creek also faces environmental challenges, particularly in terms of preserving its natural assets and mitigating the effects of climate change. The region is home to several sensitive ecosystems, including the Niagara Escarpment, and must work to balance economic growth with environmental conservation. This includes investing in sustainable infrastructure, such as public transportation and renewable energy, and promoting green practices among businesses and residents.

Finally, Stoney Creek must address issues related to social and cultural inclusion. While the region is home to a diverse population, it also faces issues related to income inequality, access to affordable housing, and social exclusion. To address these challenges, Stoney Creek must work to create a more equitable and inclusive community, investing in affordable housing, social services, and cultural programs that celebrate diversity and promote social cohesion.

Positive Economic or Development Opportunities:

Stoney Creek presents several positive economic and development opportunities for investors and businesses. The region’s strategic location near major transportation hubs and highways makes it an attractive location for businesses looking to access markets in Toronto and the United States.

Stoney Creek’s diverse economy also presents opportunities for growth and investment in emerging industries, such as technology, healthcare, and education. The region is home to several research and development centers, including the McMaster Innovation Park and the Hamilton Health Sciences Centre, which provide opportunities for collaboration and innovation.

Furthermore, Stoney Creek’s natural assets and cultural scene present opportunities for tourism and recreation. The region is home to several parks, trails, and natural areas, including the Bruce Trail and the Niagara Escarpment, which attract outdoor enthusiasts and nature lovers. Stoney Creek also has a vibrant cultural scene, with several festivals and events throughout the year, including the Winona Peach Festival and the Stoney Creek EasterFest.

Finally, Stoney Creek’s strong sense of community and spirit of innovation make it an attractive location for entrepreneurs and small businesses. The region is home to several co-working spaces, incubators, and accelerators, which provide support and resources to startups and entrepreneurs. Stoney Creek also has a strong network of local businesses and community organizations, which provide opportunities for networking and collaboration.

In conclusion

In conclusion, Stoney Creek presents a mix of challenges and opportunities for economic and social development. While the region faces challenges related to sustainable development, diversification, and social inclusion, it also presents several positive opportunities for growth and investment, particularly in emerging industries, sustainable infrastructure, and tourism and recreation. With careful planning and investment, Stoney Creek has the potential to continue its growth and development while preserving its unique character and natural assets.

Report Written by Realtor Sean Findlay of Findlay Real Estate.

Sources

To gather the KPI data for Stoney Creek, the following sources were consulted:

• Population Growth: StatCan, Census Profile, 2016 Census – Stoney Creek, City [Census subdivision], Ontario and Canada
• Job Growth: StatCan, Labour Force Survey (LFS), Table 14-10-0294-01 Employment by industry, annual (x 1,000)
• Median Household Income: StatCan, Census Profile, 2016 Census – Stoney Creek, City [Census subdivision], Ontario and Canada
• Crime Rate: StatCan, Police-reported crime statistics by census metropolitan area and census agglomeration, 2011 to 2021
• Statistics Canada: Census Profile, 2011 and 2016 Census
• Statistics Canada: Labour Force Survey, 2011 and 2021
• Canadian Real Estate Association: MLS® Home Price Index, 2011-2021
• Stoney Creek News: Crime Rate Statistics, 2011-2021

The post Exploring Economic and Development Opportunities and Challenges in Stoney Creek, Ontario (2011-2021) appeared first on FINDLAY REAL ESTATE.

The report warns that this deficit could double the rental shortage numbers in GTA, Ontario to 177,000 units over the next decade if current levels of development are not increased. This could cause residential rental prices to skyrocket and leave many tenants struggling to find suitable accommodations.

The report states that the GTA needs to build more purpose-built rental housing faster to address this growing crisis.

“The majority of Ontario’s purpose-built rental housing stock was built before 1980, so new units are essential to provide more choice and take the pressure off aging units. We are calling on all levels of government to make new purpose-built rental housing a priority and to create a policy regime that recognizes the unique nature of this type of development,” said Tony Irwin, President and CEO of FRPO.

– Building Industry and Land Development Association (BILD)

According to the report, pre-construction projects will need to take action immediately and pick up the pace by doubling their work efforts, in order to prevent Toronto’s rental deficit from further escalating.

Nevertheless, it is essential to acknowledge that even with such action being implemented, it will take many years of aggressive planning and development in order to make up for the years of lack of building available rental homes.

Ultimately, the report concludes that without a firm commitment from the government and developers, the rental crisis in the GTA will only worsen.

Opportunities In The Making

Savvy buyers will take advantage of this rental home shortage and see rather see this as an opportunity to invest in a real estate property and become a landlord knowing that the supply and demand chain will bring forth a lot of real estate opportunities.

If you have been thinking about buying or have any questions about market conditions you can contact Realtor Sean Findlay and book a Free Buyers Consultation.

Source: CP24

The post Rental Shortage in GTA Ontario Could Reach 177,000 Units Over Next 10 Years appeared first on FINDLAY REAL ESTATE.

Housing Market Report for October 2022

In September, the Niagara Association of REALTORS® listed 1177 residential properties compared to 994 in
September 2021. The average days it took to sell a home in September 2022 was 37 days, compared to 22 days in September 2021. See below for Average Time On Market, Average Price for home in Niagara, Number of New Listings in Niagara and Number of House Listings Sold in Niagara.

Niagara Housing Inventory – October 2022

About this Report

FindlayRealEstate.ca real estate market trends gives you an up-to-date look at the Niagara housing market. We’ve made real estate data like average house prices, housing inventory, and days on market readily available to you. The home price data we report is consistently refreshed, with the most recent coverage between September 04 – October 02. The report also includes percentages that represent the year-over-year change from the same period in 2021. Along with all these real estate statistics is a ranking of every city in the Greater Toronto area based on their home sold price, price growth, days on market, and turnover. This way, you get to see the Niagara housing market on a wider scale, and how it compares to other cities in the metro area. This market report was designed to give you new insights on both the Niagara real estate market and the Greater Toronto area so that you have a better idea of where you want to live. In addition to our market report, consider reviewing other MLS® stats, like the MLS® Home Price Index, to get a better perspective of the market.

Numbers are based on firm contract dates, not when the transaction is reported or when the contract closes.

A contract is firm when both the home seller and buyer agree to the transaction, however this may not be reported in a timely fashion. Therefore, transaction reported dates are when the agent submits the sale to their local board. A contract is closed when the transaction actually occurs and the buyers move into the house. Normally, contracts close about 6-8 weeks after a contract is firm, which means the data you’re seeing is reported in real-time.

Niagara Real Estate Data is reported in 4 or 8 week periods.

28 and 56 day periods are used because some months have more weekends than others. This ensures that each period has the same amount of days and weekends so that a like-for-like comparison can be made.

What does pro-rated data mean?

Based on historical reporting, it can take up to four weeks or more for transactions to be reported. This means that approximately 30% of home transactions that occured within this period have yet to be included in this report. Because of this, this period’s numbers are considered “pro-rated.”

For More Information About Toronto, Niagara or GTA Real Estate Statistics

If you’re looking for a more in-depth matrix of these statistics, please contact Realtor Sean Findlay

If you are looking to purchase or sell your home contact us using the form below.

Sean Findlay – Professional Realtor | Sales Representative | Digital Marketing SEO Real Estate Specialist

Proudly Buying & Selling Real Estate in Toronto, GTA, Mississauga, Brampton, Milton, Oakville, Burlington, Stoney Creek, Hamilton, Grimsby & Niagara

CENTURY 21 Millennium Inc., Brokerage *
Office Phone Number: 905-450-8300 or Toll Free:1-888-450-8301 | Fax: 905-450-6736

Toronto Real Estate Office Located: 181 Queen St East, Brampton, ON, L6W 3A8 ( (by Appointment Only)
Stoney Creek Real Estate Office Located: 280 Barton St, Stoney Creek, ON L8E 2K6 (by Appointment Only)

The post Niagara Housing Market Report | October 2022 Real Estate Trends & Stats appeared first on FINDLAY REAL ESTATE.

Housing Market Report for October 2022

Current Grimsby MLS® stats indicate an average house price of $823,400 and 127 new listings in the last 28 days. As of today, Grimsby housing data shows median days on market for a home is 42 days.See below for Average Time On Market, Average Price for home in Grimsby, Number of New Listings in Grimsby and Number of House Listings Sold in Grimsby.

Grimsby Housing Inventory – October 2022

Check out the Grimsby real estate “Hot Sheet” which details Monthly, Quarterly and Yearly changes to Grimsby real estate trends. As well, a more detailed look into the average prices of homes in Grimsby are detailed below:

About this Report

FindlayRealEstate.ca real estate market trends gives you an up-to-date look at the Grimsby housing market. We’ve made real estate data like average house prices, housing inventory, and days on market readily available to you. The home price data we report is consistently refreshed, with the most recent coverage between September 04 – October 02. The report also includes percentages that represent the year-over-year change from the same period in 2021. Along with all these real estate statistics is a ranking of every city in the Greater Toronto area based on their home sold price, price growth, days on market, and turnover. This way, you get to see the Grimsby housing market on a wider scale, and how it compares to other cities in the metro area. This market report was designed to give you new insights on both the Grimsby real estate market and the Greater Toronto area so that you have a better idea of where you want to live. In addition to our market report, consider reviewing other MLS® stats, like the MLS® Home Price Index, to get a better perspective of the market.

Numbers are based on firm contract dates, not when the transaction is reported or when the contract closes.

A contract is firm when both the home seller and buyer agree to the transaction, however this may not be reported in a timely fashion. Therefore, transaction reported dates are when the agent submits the sale to their local board. A contract is closed when the transaction actually occurs and the buyers move into the house. Normally, contracts close about 6-8 weeks after a contract is firm, which means the data you’re seeing is reported in real-time.

Grimsby Real Estate Data is reported in 4 or 8 week periods.

28 and 56 day periods are used because some months have more weekends than others. This ensures that each period has the same amount of days and weekends so that a like-for-like comparison can be made.

What does pro-rated data mean?

Based on historical reporting, it can take up to four weeks or more for transactions to be reported. This means that approximately 30% of home transactions that occured within this period have yet to be included in this report. Because of this, this period’s numbers are considered “pro-rated.”

For More Information About Toronto, Grimsby or GTA Real Estate Statistics

If you’re looking for a more in-depth matrix of these statistics, please contact Realtor Sean Findlay

If you are looking to purchase or sell your home contact us using the form below.

Sean Findlay – Professional Realtor | Sales Representative | Digital Marketing SEO Real Estate Specialist

Proudly Buying & Selling Real Estate in Toronto, GTA, Mississauga, Brampton, Milton, Oakville, Burlington, Stoney Creek, Hamilton, Grimsby & Niagara

CENTURY 21 Millennium Inc., Brokerage *
Office Phone Number: 905-450-8300 or Toll Free:1-888-450-8301 | Fax: 905-450-6736

Toronto Real Estate Office Located: 181 Queen St East, Brampton, ON, L6W 3A8 ( (by Appointment Only)
Stoney Creek Real Estate Office Located: 280 Barton St, Stoney Creek, ON L8E 2K6 (by Appointment Only)

The post Grimsby Housing Market Report | October 2022 Real Estate Trends & Stats appeared first on FINDLAY REAL ESTATE.

Housing Market Report for October 2022

Current Stoney Creek MLS® stats indicate an average house price of $815,188 and 210 new listings in the last 56 days. As of today, Stoney Creek housing data shows median days on market for a home is 26 days. See below for Average Time On Market, Average Price for home in Stoney Creek, Number of New Listings in Stoney Creek and Number of House Listings Sold in Stoney Creek.

Stoney Creek Housing Inventory – October 2022

Check out the Stoney Creek real estate “Hot Sheet” which details Monthly, Quarterly and Yearly changes to Stoney Creek real estate trends. As well, a more detailed look into the average prices of homes in Stoney Creek are detailed below:

About this Report

FindlayRealEstate.ca real estate market trends gives you an up-to-date look at the Stoney Creek housing market. We’ve made real estate data like average house prices, housing inventory, and days on market readily available to you. The home price data we report is consistently refreshed, with the most recent coverage between September 04 – October 02. The report also includes percentages that represent the year-over-year change from the same period in 2021. Along with all these real estate statistics is a ranking of every city in the Greater Toronto area based on their home sold price, price growth, days on market, and turnover. This way, you get to see the Stoney Creek housing market on a wider scale, and how it compares to other cities in the metro area. This market report was designed to give you new insights on both the Stoney Creek real estate market and the Greater Toronto area so that you have a better idea of where you want to live. In addition to our market report, consider reviewing other MLS® stats, like the MLS® Home Price Index, to get a better perspective of the market.

Numbers are based on firm contract dates, not when the transaction is reported or when the contract closes.

A contract is firm when both the home seller and buyer agree to the transaction, however this may not be reported in a timely fashion. Therefore, transaction reported dates are when the agent submits the sale to their local board. A contract is closed when the transaction actually occurs and the buyers move into the house. Normally, contracts close about 6-8 weeks after a contract is firm, which means the data you’re seeing is reported in real-time.

Stoney Creek Real Estate Data is reported in 4 or 8 week periods.

28 and 56 day periods are used because some months have more weekends than others. This ensures that each period has the same amount of days and weekends so that a like-for-like comparison can be made.

What does pro-rated data mean?

Based on historical reporting, it can take up to four weeks or more for transactions to be reported. This means that approximately 30% of home transactions that occured within this period have yet to be included in this report. Because of this, this period’s numbers are considered “pro-rated.”

For More Information About Toronto, Stoney Creek or GTA Real Estate Statistics

If you’re looking for a more in-depth matrix of these statistics, please contact Realtor Sean Findlay

If you are looking to purchase or sell your home contact us using the form below.

Sean Findlay – Professional Realtor | Sales Representative | Digital Marketing SEO Real Estate Specialist

Proudly Buying & Selling Real Estate in Toronto, GTA, Mississauga, Brampton, Milton, Oakville, Burlington, Stoney Creek, Hamilton, Grimsby & Niagara

CENTURY 21 Millennium Inc., Brokerage *
Office Phone Number: 905-450-8300 or Toll Free:1-888-450-8301 | Fax: 905-450-6736

Toronto Real Estate Office Located: 181 Queen St East, Brampton, ON, L6W 3A8 ( (by Appointment Only)
Stoney Creek Real Estate Office Located: 280 Barton St, Stoney Creek, ON L8E 2K6 (by Appointment Only)

The post Stoney Creek Housing Market Report | October 2022 Real Estate Trends & Stats appeared first on FINDLAY REAL ESTATE.

Housing Market Report for October 2022

Current Hamilton MLS® stats indicate an average house price of $830,539 and 1,509 new listings in the last 28 days. As of today, Hamilton housing data shows median days on market for a home is 27 days. See below for Average Time On Market, Average Price for home in Hamilton, Number of New Listings in Hamilton and Number of House Listings Sold in Hamilton.

Hamilton Housing Inventory – October 2022

Check out the Hamilton real estate “Hot Sheet” which details Monthly, Quarterly and Yearly changes to Hamilton real estate trends. As well, a more detailed look into the average prices of homes in Hamilton are detailed below:

About this Report

FindlayRealEstate.ca real estate market trends gives you an up-to-date look at the Hamilton housing market. We’ve made real estate data like average house prices, housing inventory, and days on market readily available to you. The home price data we report is consistently refreshed, with the most recent coverage between September 04 – October 02. The report also includes percentages that represent the year-over-year change from the same period in 2021. Along with all these real estate statistics is a ranking of every city in the Greater Toronto area based on their home sold price, price growth, days on market, and turnover. This way, you get to see the Hamilton housing market on a wider scale, and how it compares to other cities in the metro area. This market report was designed to give you new insights on both the Hamilton real estate market and the Greater Toronto area so that you have a better idea of where you want to live. In addition to our market report, consider reviewing other MLS® stats, like the MLS® Home Price Index, to get a better perspective of the market.

Numbers are based on firm contract dates, not when the transaction is reported or when the contract closes.

A contract is firm when both the home seller and buyer agree to the transaction, however this may not be reported in a timely fashion. Therefore, transaction reported dates are when the agent submits the sale to their local board. A contract is closed when the transaction actually occurs and the buyers move into the house. Normally, contracts close about 6-8 weeks after a contract is firm, which means the data you’re seeing is reported in real-time.

Hamilton Real Estate Data is reported in 4 or 8 week periods.

28 and 56 day periods are used because some months have more weekends than others. This ensures that each period has the same amount of days and weekends so that a like-for-like comparison can be made.

What does pro-rated data mean?

Based on historical reporting, it can take up to four weeks or more for transactions to be reported. This means that approximately 30% of home transactions that occured within this period have yet to be included in this report. Because of this, this period’s numbers are considered “pro-rated.”

For More Information About Toronto, Hamilton or GTA Real Estate Statistics

If you’re looking for a more in-depth matrix of these statistics, please contact Realtor Sean Findlay

If you are looking to purchase or sell your home contact us using the form below.

Sean Findlay – Professional Realtor | Sales Representative | Digital Marketing SEO Real Estate Specialist

Proudly Buying & Selling Real Estate in Toronto, GTA, Mississauga, Brampton, Milton, Oakville, Burlington, Stoney Creek, Hamilton, Grimsby & Niagara

CENTURY 21 Millennium Inc., Brokerage *
Office Phone Number: 905-450-8300 or Toll Free:1-888-450-8301 | Fax: 905-450-6736

Toronto Real Estate Office Located: 181 Queen St East, Brampton, ON, L6W 3A8 ( (by Appointment Only)
Stoney Creek Real Estate Office Located: 280 Barton St, Stoney Creek, ON L8E 2K6 (by Appointment Only)

The post Hamilton Housing Market Report | October 2022 Real Estate Trends & Stats appeared first on FINDLAY REAL ESTATE.

Real Estate Housing Market Report for October 2022

Current Burlington MLS® stats indicate an average house price of $1,065,309 and 768 new listings in the last 28 days. As of today, Burlington housing data shows median days on market for a home is 23 days. See below for Average Time On Market, Average Price for home in Burlington, Number of New Listings in Burlington and Number of House Listings Sold in Burlington.

Burlington Housing Inventory – October 2022

Check out the Burlington real estate “Hot Sheet” which details Monthly, Quarterly and Yearly changes to Burlington real estate trends. As well, a more detailed look into the average prices of homes in Burlington are detailed below:

About this Report

FindlayRealEstate.ca real estate market trends gives you an up-to-date look at the Burlington housing market. We’ve made real estate data like average house prices, housing inventory, and days on market readily available to you. The home price data we report is consistently refreshed, with the most recent coverage between September 04 – October 02. The report also includes percentages that represent the year-over-year change from the same period in 2021. Along with all these real estate statistics is a ranking of every city in the Greater Toronto area based on their home sold price, price growth, days on market, and turnover. This way, you get to see the Burlington housing market on a wider scale, and how it compares to other cities in the metro area. This market report was designed to give you new insights on both the Burlington real estate market and the Greater Toronto area so that you have a better idea of where you want to live. In addition to our market report, consider reviewing other MLS® stats, like the MLS® Home Price Index, to get a better perspective of the market.

Numbers are based on firm contract dates, not when the transaction is reported or when the contract closes.

A contract is firm when both the home seller and buyer agree to the transaction, however this may not be reported in a timely fashion. Therefore, transaction reported dates are when the agent submits the sale to their local board. A contract is closed when the transaction actually occurs and the buyers move into the house. Normally, contracts close about 6-8 weeks after a contract is firm, which means the data you’re seeing is reported in real-time.

Burlington Real Estate Data is reported in 4 or 8 week periods.

28 and 56 day periods are used because some months have more weekends than others. This ensures that each period has the same amount of days and weekends so that a like-for-like comparison can be made.

What does pro-rated data mean?

Based on historical reporting, it can take up to four weeks or more for transactions to be reported. This means that approximately 30% of home transactions that occured within this period have yet to be included in this report. Because of this, this period’s numbers are considered “pro-rated.”

For More Information About Toronto, Burlington or GTA Real Estate Statistics

If you’re looking for a more in-depth matrix of these statistics, please contact Realtor Sean Findlay

If you are looking to purchase or sell your home contact us using the form below.

Sean Findlay – Professional Realtor | Sales Representative | Digital Marketing SEO Real Estate Specialist

Proudly Buying & Selling Real Estate in Toronto, GTA, Mississauga, Brampton, Milton, Oakville, Burlington, Stoney Creek, Hamilton, Grimsby & Niagara

CENTURY 21 Millennium Inc., Brokerage *
Office Phone Number: 905-450-8300 or Toll Free:1-888-450-8301 | Fax: 905-450-6736

Toronto Real Estate Office Located: 181 Queen St East, Brampton, ON, L6W 3A8 ( (by Appointment Only)
Stoney Creek Real Estate Office Located: 280 Barton St, Stoney Creek, ON L8E 2K6 (by Appointment Only)

The post Burlington Housing Market Report | October 2022 Real Estate Trends & Stats appeared first on FINDLAY REAL ESTATE.