According to the senior economist with Canada Mortgage and Housing Corporation, Shaun Hildebrand, Milton's real estate market is benefiting from slower housing price increases than surrounding areas, as well as a steady increase in the number of listings on the market.
While other areas of the GTA have had dramatic declines in listings compared to last year, Milton's have increased by 2% over the same period. Also, with new condos available with prices in the $250/sq ft. range, Milton is an increasingly attractive place to live for new families. This will result in many first time buyers choosing Milton, as they are likely to be priced out of other housing markets.
This stable housing market is a treat for buyers, who are able to plan ahead more confidently. They are also able to be more patient and make sure they've made the right choice of home without rushing into anything.
Century 21 Miller Real Estate Ltd, Brokerage
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905 845 9180