From April 2016 to April 2017, homes in Halton Hills have increased a staggering 37%, placing home prices to an undisputed all-time high.
According to Toronto Real Estate Board's (TREB) monthly real estate figures, a detached home in Halton Hills now costs an average of $887,915, and $825,106 for the average home across all home types. This pins average home prices in every category very close to the pricing levels of detached homes.
It is amazing to see the pace of price growth in the Halton Region this past April. We have not seen such growth for over a decade, with a month-over-month price increase of $95,272 over Match. This means that a mere month of delays due to indecision, financial preparation, or simply finding the right home cost buyers almost an extra $100,000!
Since 2012, homes in Halton Hills have increase a staggering $318,706, almost $64,000 per year.
All this growth can partially be called a consequence of a number of measure imposed by the Ontario government to cool the housing market in late April, including the 15% foreign buyers' tax, rent control policies, and policy aimed at decreasing speculation, resulting in a drop in both sales and prices.
The market is changing rapidly, and it will be interested to see whether these measures will slow sales numbers and growth of prices in the long term, or at least until the end of 2017.
The next time you are looking to buy a home in the GTA, consider Canada's fastest growing town, Milton!
1. A wide selection of homes for sale including detached, semi-detached, executive homes, condos and townhouses.
2. Strong re-sale value in sought after safe, family oriented community.
3. 35 minutes from Toronto with easy access to highways 401, 407 ETR, QEW and GO train service.
4. Charming blend of Town & Country atmosphere in the embracing shadow of the beautiful Niagara Escarpment.
5. Many established and modern new schools.
6. A true Canadian mosaic, rich in diversity and culture.
7. An abundance of amenities including health care, small and major retail shopping, acclaimed restaurants, libraries, Centre for Arts, theater, religious & financial institutions, residence for Seniors, public transportation, parks and much more.
8. Leisure and Sports including Kelso Lake, Glen Eden Skiing, Milton Sports and Leisure Centres, endless walking, hiking and cycling on scenic trails, rock climbing, fishing, swimming, family farms, town fairs, youth / adult sports leagues and a vast list of other enoyable activities.
9. Strong Municipal Services and Government focused on a thriving diversification of family, community, health care, education and well planned economic growth combined with a steadfast dedication to conservation and preservation of the environment.
10. Reasonable Municipal Tax and Utilities.
History of Milton
The Town of Milton is located in the heart of Southern Ontario and thrives in the shadow of the gorgeous Niagara Escarpment. Milton boasts winding scenic trails, great skiing at Glen Eden, seemingly endless paved bicycle paths and awesome outdoor tourist attractions. The area which is now Milton was first settled in the early 1800's by the Martin family from Newcastle England. Jasper Martin quickly realized that his 100 acre plot of land had Sixteen Mile Creek running through it and proceeded to build a grist mill on the creek, with a pond to harness the power of the water. Over a period of 17 years, the mill became the centre of a population base that grew to about 100 people. During this period, the town was referred to as Martin's Mills. The title then changed in 1837 to Mill Town before finally becoming Milton shortly thereafter. In 1857, Milton was incorporated as a town and was chosen as the county seat for the Halton District. Over the years, Milton has expanded it's borders by encompassing former sections of Oakville and Burlington, along with the addition in recent years, of parts of the Niagara Escarpment. Modern day Milton has received a lot of publicity and with the release of the 2006 Census, Milton was declared the fastest growing community in Canada. In 2008, Milton's population had grown to 72,500 with no signs of slowing down. Milton was built on the hard work and determination of it's early settlers and has grown into a dynamic, ever expanding community, that also cherishes the idea of environmental and historical conservation.