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NEWS

September 2021 Market Report

October 5, 2021

According to figures released October 5 by The Oakville, Milton and District Real Estate Board (OMDREB), the number of all property sales reported by OMDREB REALTORS® decreased in September compared to the same period in 2020. Monthly property sales were down by 226, totalling 604 compared to 830 in September 2020. The total number of new property listings also saw a decrease of 361 this year: 787 new listings in September 2021 compared to 1,148 in 2020.

August 2021 Market Report

September 8, 2021

According to figures released September 8 by The Oakville, Milton and District Real Estate Board (OMDREB), the number of all property sales reported by OMDREB REALTORS® decreased in August compared to the same period in 2020. Monthly property sales were down by 295, totalling 534 compared to 829 in August 2020. The total number of new property listings also saw a decrease of 484 this year: 575 new listings in August 2021 compared to 1,046 in 2020.

July 2021 Market Report

August 5, 2021

According to figures released August 5 by The Oakville, Milton and District Real Estate Board (OMDREB), the number of all property sales reported by OMDREB REALTORS® decreased in July compared to the same period in 2020. Monthly property sales were down by 289, totalling 609 compared to 898 in July 2020. The total number of new property listings also saw a decrease of 484 this year: 688 new listings in July 2021 compared to 1,172 in 2020.

OMDREB Gives Guidelines To Protect The Health And Safety Of Our Clients, Colleagues, and Communities During Step 3 of Ontario's Roadmap To Reopen

July 15, 2021

With Ontario entering Step 3 of the Roadmap to Reopen today which allows for real estate open houses, it remains the number one priority of The Oakville, Milton and District Real Estate Board (OMDREB) to protect the health and safety of our REALTORS® and their clients, as well as our colleagues and communities. OMDREB is happy to provide both REALTORS® and the general public with recommendations and guidance on how an open house should be conducted during Step 3.

June 2021 Market Report

July 9, 2021

Oakville, ON, July 9, 2021 – According to figures released July 9 by The Oakville, Milton and District Real Estate Board (OMDREB), the number of all property sales decreased in June compared to the same period in 2020. Monthly property sales were down slightly by 41, totalling 719 compared to 761 in June 2020. The total number of new property listings also saw a decrease of 134 this year: 983 new listings in June 2021 compared to 1,117 in 2020.

May 2021 Market Report

June 7, 2021

According to figures released June 7 by The Oakville, Milton and District Real Estate Board (OMDREB), the number of all property sales increased in May compared to the same period in 2020. Monthly property sales went up by 385, totalling 821 compared to 436 in May 2020. The total number of new property listings also saw an increase of 375 this year: 1,020 new listings in May 2021 compared to 645 in 2020.

2021 OMDREB Scholarship Award Winners

June 1, 2021

The Oakville, Milton and District Real Estate Board’s annual Scholarship Awards Ceremony recognizes the talented students and winners of the OMDREB Annual Scholarship. They have demonstrated an incredible drive and passion to excel both inside and outside of the classroom. For 2021, OMDREB’s Scholarship focus was surrounding how the home, grieving, and the human connection has been impacted during the COVID pandemic. This is in line with OMDREB’s President’s Charity, The Lighthouse Program For Grieving Children. This year’s essay submissions were creative, thought provoking, and well-researched.

Government Announces Changes to the Qualifying Rates for Mortgages

May 21, 2021

On Thursday, May 20, the Office of the Superintendent of Financial Institutions (OSFI) announced it will move forward with a proposed new qualifying rate for uninsured mortgages, reinforcing the mortgage underwriting principles outlined in Guideline B-20. As of June 1, 2021, the qualifying rate for all uninsured mortgages should be the greater of the mortgage contractual rate plus 2%, or 5.25%. The change raises the minimum qualifying rate by 46 basis points from the current 4.79%.

COVID-19 Self-Screening Test Kits Now Available

May 10, 2021

OMDREB Brokerages can now obtain FREE Rapid COVID-19 Self-Screening Test Kits. These kits are meant for small businesses (up to 150 employees) who remain open and operating as essential to test their employees - typically twice weekly - in order to reduce exposure and keep their workforce safe for all. These kits are made available through the Oakville Chamber of Commerce and the Milton Chamber of Commerce.

April 2021 Market Report

May 7, 2021

According to figures released May 7 by The Oakville, Milton and District Real Estate Board (OMDREB), the number of all property sales increased drastically in April compared to the same period in 2020. Monthly property sales went up by 652, totalling 862 compared to 210 in April 2020. The total number of new property listings also saw a large increase of 799 this year: 1,202 new listings in April 2021 compared to 403 in 2020.