More homes, more buyers, more sales as real estate market strong in Oakville, Burlington, Milton

A drop in interest rates has led to a more active real estate market in Oakville, Burlington, Milton, and Halton Hills. Following a 25 basis point cut by the Bank of Canada, new listings surged, giving buyers more options and negotiating power. Total home sales in the GTA reached 4,996, an 8.5% increase from last year. Halton Region saw a 37.9% rise in new listings, with Oakville's average home price increasing by 10.8% to $1,585,452. Changes to mortgage lending guidelines are expected to provide more flexibility for homebuyers.