3rd Quarter 2017

Gone are the days of multiple Offers.  And here to stay for a good while is a balance/buyer's market.

Our inventory levels are healthy with 445 properties for sale. 72 of those are condo apartments. If you were interested in acquiring a detached home in Southeast Oakville the cheapest homes available at the moment are $1100000/$1250000/$1500000 for Ford/Old Oakville & Morrioson areas, respectively.

This quarter saw sales volumes and price movement year over year as follows;


Type              3rd Qtr 2017              3rd Qtr 2016           Percentage change
                                                                                          Vol / Price
                     
D-2 storey     99/$1392K                     143/$1323K         -45% / +5%

D Bung's        20/$1106K                     43/$933                -110% / +18% 

C-apts             33/$562

Sales prices for condo apartments were essentially flat since Qtr 2 2017, and up slightly by a single percentage point.  Average prices were down however for detached 2-storey homes and bungalows by 12.5% and 10% respectively. We will see what the fourth quarter brings.

On the rental side there are 151 properties available. Of those 29 are condo apartments.

Financing is a little more expensive year over year.  Variable rates are up 20 basis points to 2.40% and 5 year mortgage money is available at approxinately 2.79% up from 2.35% last year.