The peak homebuying season is quickly approaching, which means now is the perfect time to get your finances in order and schedule an appointment with your Milton mortgage broker. The spring and summer months are the most popular time to buy a home, so if you are interested in becoming a homeowner, there is no better time to become one then right now.
So, to help you get started, your local brokers with Loewen Group Mortgages have listed the most current market update for the Milton, Burlington, and Oakville region.
Milton Market Update
According to one of the top real estate websites in Canada, Zolo.ca states that the market trends for the Milton region have been consistently changing over the past year.
The current average sold price for March 2019 is $706,000, which is a 2.8% increase from this time last year, but is a 5% decrease from the previous month.
With rates currently lower than they have been since February 2019, it would be in your best interested, financially, to lock in a rate now with your broker to take advantage of these current low prices.
Canadian mortgage rates are expected to increase in the near future, so act quickly before they go back up.
Burlington Market Update
If you are looking for a home in Burlington, the current average sold price for all housing properties is $795,000. This price is a 5.5% increase since March 2018 and is a 12.1% increase over the past month. As mentioned previously, experts are predicting these rates will increase, especially during the peak homebuying season, so contact your local mortgage broker today to get started.
Oakville Market Update
The housing prices in Oakville has followed similar trends to that in Burlington. The current average sold price for homes in this area is $1.1 million. This price is 6.9% more expensive than March 2018 and is 8.2% more expensive since February 2019. Call your local broker for more details.
If you would like to receive more information on the current market trends for the Milton, Burlington, and Oakville region or if you are interested in finding out what the current Milton mortgage rates are, please contact the Loewen Group Mortgages team at 289-270-1586.