foreign investor tax: Oakville-Milton Housing Market Updates: Int Rate Hike & HPI Drop
- 07/17/17 06:22 AM
Welcome back to my Oakville-Milton housing market blog! We have seen a shift in the housing market: Bank of Canada hiked interest rates 1/4% and the home price index (HPI) for single family and town houses has dropped, but apartments / condos still grew somewhat.
The median Oakville-Miton residential sale prices have fallen - see below: “Oakville’s median residential sale price for the month of June was $992,500 an increase of 28.48 per cent from $901,777 compared to June 2016. The median sale price in Milton was $745,395, an increase of 24.63 per cent from $638,156 compared to the … (0 comments)
Since it was originally posted (part 1) we have seen a shift in the Oakville-Milton housing market:
"...the number of all property sales decreased by 19.08 per cent in May compared to the same period in 2016. Monthly property sales totaled 840 compared to 1,038 in May 2016. The number of new property listings saw an increase of 40.28 per cent, from 1,266 in May 2016 to 1,776 in 2017. The dollar volume of all property sales processed through the OMDREB MLS® system saw a decrease of 11.83 per cent in May 2017 to … (0 comments)
foreign investor tax: Oakville Housing - Good Investment or a Bubble? Part 1
- 05/02/17 05:54 PM
"Oakville’s median residential sale price for the month of March was $1,298,888, an increase of 47.77 per cent from $879,000 compared to March 2016. The median sale price in Milton was $817,500, an increase of 48.64 per cent from $550,000 compared to the same time last year." (Source: CREA) To better gauge public reaction to this occurrence, during the month of April, I have had the pleasure talking to about 200 home owners in the Oakville Area. There was a common thread in their questions asked: 1) We may be thinking of selling, but is now the best time or should I wait to … (17 comments)
Welcome back to my Oakville-Milton housing market blog!
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