To say the growth in real estate prices in Halton Region over the past 10 years is staggering would be an understatement.
According to sales data from the Toronto Regional Real Estate Board, the average sale price for all dwelling types combined in Halton Region was $1,230,389 in August. In August 2013, that average was $572,934 — 114.7 per cent increase over the past decade.
Despite falling from record-high average prices set in early 2022, prices over the past 10 years have seen huge gains across Burlington, Halton Hills, Milton and Oakville.
When looking at year-over-year average sale prices for the month of August between 2013 and 2023, the combined average price of real estate in Burlington is up 94.5 per cent from $553,175 to $1,075,897.
Over the past 10 years in Halton Hills, the average price has increased 163 per cent from $475,462 to $1,250,700, while Milton saw its average for all dwelling types combined increase from $476,599 in August 2013 to $1,083,812 last month — or 127.4 per cent.
The combined average sale price in Oakville was $1,492,687 last month compared to $707,606 in August 2023, representing a 110.9 per cent increase over the same period.
The graphic below breaks down the average price for detached homes, semi-detached homes and apartment condos for the month of August dating back to 2013.
Here’s how much the average prices for detached homes, semi-detached homes and condo apartments in each community have increased percentagewise since 2013. There is insufficient data for semi-detached and condo apartments in Halton Hills for relevant statistical comparison due to low inventory and sales.
Burlington:
Detached homes: $639,168 (Aug. 2013) to $1,406,473 (Aug. 2023) — +120 per cent.
Semi-detached: $446,580 (Aug. 2013) to $965,714 (Aug. 2023) — +116.2 per cent.
Condo apartments: $301,967 (Aug. 2013) to $668,446 (Aug. 2023) — +121.4 per cent.
Halton Hills:
Detached homes: $511,505 (Aug. 2013) to $1,344,305 (Aug. 2023) — +162.8 per cent.
Semi-detached: N/A.
Condo apartments: N/A.
Milton:
Detached homes: $569,278 (Aug. 2013) to $1,350,202 (Aug. 2023) — +137.1 per cent.
Semi-detached: $418,713 (Aug. 2013) to $1,053,375 (Aug. 2023) — +151.6 per cent.
Condo apartments: $288,333 (Aug. 2013) to $635,406 (Aug. 2023) — +120.1 per cent.
Oakville:
Detached homes: $860,975 (Aug. 2013) to $1,989,978 (Aug. 2023) — +131.1 per cent.
Semi-detached: $472,577 (Aug. 2013) to $1,167,500 (Aug. 2023) — +147 per cent.
Condo apartments: $418,118 (Aug. 2013) to $824,568 (Aug. 2023) — +97.2 per cent.
