Milton
established 1857
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About 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
market update
market update
Comparative Analysis
| 2022 | Y/Y | M/M | |
|---|---|---|---|
| Sales | 77 | -35.3% | -16.3% |
| New Listings | 202 | 9.8% | -17.2% |
| Average Sale Price | $1,352,357 | 3.4% | -7.2% |
| Median Sale Price | $1,257,500 | 0.5% | -7.0% |
| SNLR* | 38.1% | -26.6% | 0.4% |
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
milton
milton
June 2022
Higher borrowing costs continued to impact home sales in June 2022. The Toronto Regional Real Estate Board (TRREB) has released its latest market stats, which show a 41 percent decline in sales compared to last year across all housing types. The average selling price, at $1,146,254, remained 5.3 per cent above the June 2021 level, but continued to trend lower on a monthly basis. Month-over-month the average selling price dipped by 5.5 per cent.
While the number of transactions was down year-over-year, the number of new listings was up in most of our service areas. This has provided for an even greater shift into a buyer’s market, resulting in a more moderate annual pace of price growth.
“Our region continues to grow because we attract people and businesses from all around the world. All of these people will require a place to live, whether they choose to buy or rent. Despite the shorter-term impact of higher borrowing costs, housing demand will remain strong over the long-term, as long as we can produce homes within which people can live. Policy makers at all levels need to make this their key goal,” said TRREB CEO John DiMichele.
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