The Market Overview:
While the average price across all home types in Oakville was down 6% at the end of August over last year, the number of sales were up, and this also holds true for Burlington. While the Toronto and Hamilton markets were slightly down year-over-year.
In essence, we are now in a more balanced market which bodes well for Buyers and Sellers alike. Buyers can expect to have more negotiating power and time as they look for homes. However, demand does exceed the supply so Sellers still have leverage. We expect to see increases in Q4.