Milton

established 1857

discover
DISCOVER

Milton

As Canada’s fastest-growing community, Milton is a blend of urban and rural, modern and historic, all set in the backdrop of the Niagara Escarpment.

With a population of 120,556 (2018), Milton offers state-of-the-art recreational facilities including the Milton Sports Centre and the Mattamy National Cycling Centre (Milton Velodrome). Milton also has two libraries, more than 50 parks, and is home to one of the finest Farmer’s Markets in Canada from May to October.

Milton was ranked sixth on MoneySense.ca’s Canada’s Best Places to Live 2018.

Population 120,556 2018

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 Milton, the annual growth rate for home sales was much higher than its GTA neighbours, including Toronto. New listings were down year-over-year by -1.50% while homes sales were up 38.20% 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. The sales to new listings ratio was 62% (more buyers than homes for sale), while months of inventory was only 1.49. These numbers indicate a strong seller’s market in Milton in April.

april 2019
April 2019

Year-Over-Year Summary

2019 2018 % Change
Sales 123 89 38.20%
New Listings 197 200 -1.50%
Active Listings 183 268 -31.72%
Average Sale Price $858,954 $853,013 0.70%
listings
listings

Area listings


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