Oakville
The aggregate price of a home in Oakville increased 1.5% to $1,096,588 in the fourth quarter 2019.
The median price of a standard two-storey home increased 2.2% year-over-year to $1,212,883 while bungalows decreased 3.8% year-over-year to $917,271.
Burlington
Burlington saw a decrease in listings by 5.7%, an increase in sales by 5.7%, and an increase in average price by 2.8 per cent to $755,639;
Milton
Milton's aggregate home price increased 5.0% year-over-year to $765,395.
The price of a standard two-storey home, bungalow and condominium increased 5.0%, 4.4% and 4.8% year-over-year to $797,267, $798,307 and $457,265, respectively.
Greater Toronto Area (GTA)
The median price of a standard two-storey home increased 4.4% year-over-year to $982,944 and the price of a bungalow rose 2.4% year-over-year to $806,977.
The condominiums in GTA continued to see strong price appreciation, with the median price rising 7.8% to $565,919.
Vacancy rate
The national vacancy rate for rental apartment units declined in 2019 for a third consecutive year to 2.2%, its lowest level since 2002, according to the latest Rental Market Survey report from Canada Mortgage and Housing Corporation (CMHC).
Even though the overall vacancy rate in Toronto is 1.5%, that is up from the 2018 levels of 1.2%. Despite the increase, high homeownership costs coupled with tightened mortgage regulations have encouraged individuals in the GTA to continue to seek or remain in rental housing.
Rent
The average two-bedroom apartment rent was highest in Vancouver ($1,748) and Toronto ($1,562), Calgary ($1,305) and Halifax ($1,202) also remained above the national average, while Montreal ($855) continued to exemplify the relatively lower rent levels generally seen in Quebec.
