Oakville Milton Real Estate Market Remains Healthy

Recent announcements from the Bank of Canada regarding interest rates have resulted in experts predicting a strong end to 2011, translating into 2012.

All key measures including total sales, dollar volume of sales, average sale price, and new listings increased in relation to the same period last year.

The Bank of Canada’s recent announcement suggests that mortgage rates will stay low for the forseeable future. OMDREB President Jack McCrudden stated, “This supports our prediction that the Oakville Milton real estate market will remain vibrant into year end, winding up ahead of 2010 and well positioned to carry that strength into 2013”.

October 2011 Oakville Milton Real Estate board statistics