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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