Burlington
established 1873
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DISCOVER
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.
april 2019
April 2019
Market stats
| City | Average Sale Price | Active Listings | New Listings | Sales | Sales to New Listings Ratio | Months of Inventory |
|---|---|---|---|---|---|---|
| Toronto | $1,355,764 | 2,126 | 2,050 | 982 | 48% | 2.16 |
| Mississauga | $1,115,033 | 715 | 662 | 317 | 48% | 2.26 |
| Georgetown | $884,780 | 156 | 135 | 65 | 48% | 2.40 |
| Milton | $858,954 | 183 | 197 | 123 | 62% | 1.49 |
| Oakville | $1,332,573 | 642 | 477 | 181 | 38% | 3.55 |
| Burlington | $960,274 | 340 | 285 | 157 | 55% | 2.17 |
evaluation
evaluation
market conditions
seller’s market
0-4 months of inventory
- all current listings can expect to be sold within 4 months
sales-to-listings ratio is 55% or more
- more buyers than properties for sale
balanced market
5-8 months of inventory
- all current listings can expect to be sold within 5 to 8 months
sales-to-listing ratio is between 34% and 54%
- about the same number of properties for sale as there are buyers
buyer’s market
9 or more months of inventory
- it would take 9 months or longer for all current listings to be sold
sales-to-listing ratio is 35% or less
- more properties for sale than there are buyers
summary
summary
Market update
In Burlington, the annual growth rate for new listings was much lower than that reported for sales. New listings were up year-over-year by 5.17% while homes sales were up 25.60% in April 2019. This points to the ongoing housing supply issue in the GTA and suggests that market conditions continued to tighten which points toward an acceleration in price growth.
april 2019
April 2019
Year-Over-Year Summary
| 2019 | 2018 | % Change | |
|---|---|---|---|
| Sales | 157 | 125 | 25.60% |
| New Listings | 285 | 271 | 5.17% |
| Active Listings | 340 | 359 | -5.29% |
| Average Sale Price | $960,274 | $964,428 | -0.43% |
listings
listings
Area listings
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