Burlington

established 1873

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About Burlington

Burlington has the best of both worlds, with the Niagara Escarpment in its backyard and Lake Ontario in its front yard. Residents can enjoy waterfront activities along 5.6 kilometres of parkland on the shore of Lake Ontario, or hiking on 31.6 kilometres of multi-use trails.

Burlington is close to major transportation and to the cities of Hamilton and Toronto and to the U.S. border. It is a prosperous city with a small-town feel that is home to more than 183,000 people.

The city offers world-class urban amenities, including shopping and dining and is home to some of Ontario’s top festivals and events. Attractions include the Royal Botanical Gardens and the Burlington Performing Arts Centre.

market update
market update

Comparative Analysis

  2022 Y/Y M/M
Sales 131 -32.8% -28.4%
New Listings 302 24.3% 0.7%
Average Sale Price $1,669,923 20.1% 1.9%
Median Sale Price $1,550,000 25.0% 3.0%
SNLR* 43.4% -36.9% -17.6%

 

Source: TRREB Market Watch Report – Summary of Existing Home Transactions (Detached)

*SNLR (Sales-to-New-Listings-Ratio)

  • SNLR at 55% or more indicates a seller’s market; more buyers than properties for sale
  • SNLR between 34% and 54% indicates a balanced market; about the same number of properties for sale as there are buyers
  • SNLR at 35% or less indicates a buyer’s market; more properties for sale than there are buyers
burlington
burlington

April 2022

The Toronto Regional Real Estate Board (TRREB) has released its latest market stats, which show a 30 percent decline in sales compared to the record result of 15,628 in March 2021. Month-over-month the average selling price dipped slightly to $1.3 million for all housing types.

New listings were also down on a year-over-year basis, but by a much lesser annual rate than sales. This suggests that while market conditions remained very tight, homebuyers did not experience the same level of competition from other buyers compared to a year earlier.

“Competition between homebuyers in the GTA remains very strong in most neighbourhoods and market segments. However, we did experience more balance in the first quarter of 2022 compared to last year. If this trend continues, it is possible that the pace of price growth could moderate as we move through the year,” said TRREB Chief Market Analyst Jason Mercer.

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listings

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