Blog  //  Oakville Real Estate and GTA Market Watch

09 Feb. Posted by Ryan Crane in Oakville Real Estate Market | 0 comments
Oakville Homes

The Real Estate market has gotten off to a good start so far in 2011. Greater Toronto Realtors reported 4337 transactions through the Toronto MLS system in January 2011. “While off the record pace experienced a year ago, the GTA Resale market has started the year on a solid footing. Home buyers in Toronto and surrounding areas continue to benefit from a diversity of housing types for sale at many different price points,” Said TREB President Bill Johnston. Find all 'Oakville homes for sale' at the website created for people looking for homes for sale in Oakville.

The average selling price for January 2011 sales was $427 037, representing an increase of four per cent compared to the average of $409 058 reported in January 2010. “The average selling price is expected to grow at a moderate pace in 2011. Growth rates in the three to five per cent range will be sustainable from an affordability perspective,” Said Jason Mercer, TREBS’s Senior Manager of Market Analysis.

If you are looking for Oakville homes for sale, there is no better place to start than at Oakville real estate for sale.ca. Its a site created for people looking for information on homes for sale in Oakville and the surrouding areas.

'Oakville Real Estate agents' reported the sales of 96 'Oakville homes' in January with an average sale price of $731 871. This represents a 19.6% increase over the average price of $611 808 reported in January 2010. It is important to understand that the 'Oakville Real Estate' market had a relatively small number of homes changing hands so the average price can be swayed by the sale of a few multi-million dollar estates.

It is now 2011 and Canada’s economy appears to be in less danger of slipping into recession. Consumer confidence is back with strong retail sales in most sectors. The Christmas season was one of bigger spending than ever before, so I anticipate we will witness a very slow and stable real estate market for 2011,” states Oakville/Milton District Real Estate Board President Jack McCrudden. “Much of the real estate activity in early 2010 was driven by fear of big increases in interest rates and introduction of the HST. For 2011, with the tighter rules for mortgage qualification and the tie in with long term interest rates, many who can afford to buy a home will have a harder time qualifying for the highest rate mortgage. All these factors combined will lead to a stable and steady market through2011.”

02/05/2011 –This article was posted Oakville Real Estate agent Ryan Crane, who works throughout the GTA and specializes in the Milton, Mississauga, Burlington, and Oakville Real Estate markets.

This is an Oakville Real Estate Agents website that provides full access to all of the Oakville MLS Listings for all of the Oakville Homes for Sale including all the Oakville Sold Prices.

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