Toronto Suburbs Halton Region Real Estate Report

This is the first installment in a four part series chronicling Toronto Suburbs real estate activity for winter 2011. This first installment will focus on Halton Region which is located at the western boundary of the Greater Toronto Area and includes the municipalities of the:Town of Oakville, City of Burlington, Town of Milton and the Town of Halton Hills. It may have been a cold winter but the real estate activity in Halton Region this winter has been red hot.
Let's begin in Oakville the most affluent and urbanized of the four Halton Region municipalities. There are still great opportunities for first time buyers in Oakville as over 100 homes were sold between $280,000-$400,000. Most of these were attached row and townhouses with some bungalow and detached two-storey houses included in this mix. Another 100 houses sold between $420,000-$520,000 with a higher number of detached houses being sold in this price range. The $550,00-$750,000 price range was also busy posting another100 sales. Most of these would have been your typical suburban style 4 bedroom family home with attached garage, gas heating and central air. Oakville is especially known for its high-end real estate and this segment was also busy with over 100 homes selling from $725,000 to $8 million dollars. Fifty-six houses sold for over $1 million dollars. Most of these were located in Oakville's old downtown neighbourhood near the lake which contains some of the most impressive houses in the Greater Toronto Area.
The City of Burlington is the second most populous municipality in the region. Still relatively affordable buyers were eager to get into this market with 100 houses selling in the $290,000-$425,000 range. A roughly equal mix of attached and detached houses were sold. The majority of these were 3 bedrooms with attached garages. Approximately 70 houses were sold between $450,00-$1 million. These were mostly 4 and 5 bedroom detached homes in the south end of the city. Burlington has had 4 sales over 1 million so far in 2011. All of these were custom built homes near the lakeshore.
The Town of Milton is one of the fastest growing municipalities in the GTA. Young families are flocking to snap up the affordable real estate in this lovely setting amidst the Niagara Escarpment. Over 250 houses were sold in the $270,000-$500,000 price range so far this year. Main floor family rooms were a popular selling feature for most of the houses over $400,000. Another 50 houses sold between $500,000-$700,000. Most of these were 4 bedrooms.
The Town of Halton Hills is the most rural of Halton Region's four municipalities. It is also the most affordable. Houses start in the $250,000 range and most are detached. Approximately 100 houses have already sold this year between $250,000-$500,000. Most of these sales were concentrated in the higher density centres clustered in Georgetown and Acton. Bungalows, split-level homes and detached 2-storey houses comprised most of these sales. Approximately 35 houses sold in the $500,000-$950,000 price range. Many of these were 4 bedrooms with family rooms. There were also a handful of ranch-style bungalows sold in the rural countryside away from the hustle and bustle.
Please note the aforementioned stats are based on Toronto Real Estate Board MLS sales and are approximate numbers only. For a more detailed analysis of your community please contact the Realtor Sponsor on this website for your area.