September 18, 2025 | Market Reports
Local Market Update – Here’s What You Need to Know
This week, the Bank of Canada reduced its key interest rate by 0.25% to 2.5%, making mortgages slightly more affordable and stirring new activity in the real estate market. Whether you’re buying or selling in Burlington, Oakville, or Hamilton, knowing the latest trends can help you make the right move.
What It Means for You
For Sellers
- Price with precision – Buyers are cost-conscious; well-priced homes move faster.
- Stage and market effectively – A Professional presentation makes your listing stand out.
- Take advantage of renewed demand – The rate cut and potential for another later this year are likely to bring more buyers back into the market this fall.
For Buyers
- Get pre-approved now – Lock in lower rates.
- Act strategically – Freehold homes have held their value well, while condos may offer more room to negotiate in the current market.
- Balance patience with decisiveness – There’s more choice on the market, but the best-priced homes still sell quickly.
Local Market Statistics (August 2025)
Burlington
- Average Sold Price (all types): ~$1,031,600
- Median Sold Price: ~$979,000
- Detached: ~$1.4M | Semi: ~$910K | Townhouse: ~$919K | Condo Apt: ~$597K
- Average Days on Market: ~35–37
Oakville
- Average Sold Price (all types): ~$1.53M
- Detached: ~$1.9M | Townhouse: ~$1.05M | Condo Apt: ~$730K
- Median Days on Market: ~33
Hamilton
- Average Sold Price (all types): ~$767,654
- Detached: ~$820K | Townhouse: ~$650K | Condo Apt: ~$440K
- Average Days on Market: ~38
Bottom Line:
With the Bank of Canada’s rate cut to 2.5%, conditions in Burlington, Oakville, and Hamilton are shifting. Buyers benefit from improved affordability and more selection, while sellers gain from increased buyer confidence.
Let’s connect today to discuss your specific neighbourhood and how to make the most of these changes.
—
Urban Group Realty
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