Housing sales slowed, prices dropped in August for Oakville, Milton, Burlington

Housing sales in Halton slowed in August, with prices dropping significantly in Oakville, where the median sales price fell to $1.2M, down $125,000 from earlier this year. Halton Hills and Milton also saw declines, while Burlington experienced a slight increase. The Bank of Canada's recent rate cut is expected to improve affordability, particularly for first-time buyers. Overall, the Greater Toronto Area reported a 5.3% decrease in home sales compared to August 2023, with new listings up by 1.5%.