Oakville Real Estate News

Housing Affordability In The GTA


Blog by Joette Fielding | May 6th, 2016


Mixed Housing.jpgIt now costs an average of $1 million to buy a new detached house in the GTA. As of March 31, the average price of a new detached home available for sale in the GTA was $1,045,659.

Why is this happening? It’s primarily because there aren’t enough low-rise homes out there to satisfy demand.

We’ve all seen the recent signs of demand outpacing supply; lineups in the winter to get into new homes sales centres, and bidding wars and bully offers on resale homes....
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