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NEWS

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.

March 2021 Market Report

April 9, 2021

According to figures released April 8 by The Oakville, Milton and District Real Estate Board (OMDREB), the number of all property sales increased in March compared to the same period in 2020. Monthly property sales went up significantly by 453, totalling 990 compared to 537 in March 2020. The total number of new property listings also saw an increase of 396 this year: 1331 new listings in March 2021 compared to 935 in 2020.

February 2021 Market Report

March 9, 2021

According to figures released March 5 by The Oakville, Milton and District Real Estate Board (OMDREB), the number of all property sales increased in February compared to the same period in 2020. Monthly property sales went up by 176, totalling 677 compared to 501 in February 2020. The total number of new property listings also saw an increase of 127 this year: 872 new listings in February 2021 compared to 745 in 2020.

2021 OMDREB Annual Scholarship Package Available Now

March 5, 2021

The Oakville, Milton and District Real Estate Board is proud to announce the OMDREB Annual Scholarship program for 2021! The OMDREB Annual Scholarship provides the bright young minds of our local communities an opportunity to alleviate a small piece of the financial burden that comes with post-secondary education. Simultaneously, OMDREB's scholarship aims to play a role in raising awareness of issues that impact the lives of our family, friends, and community,

COVID-19 Vaccination Sites Selected By Halton Region

February 23, 2021

The Oakville, Milton and District Real Estate Board is pleased to learn that Halton Region has readied vaccination clinics for priority populations in preparation to vaccinate residents, pending more COVID-19 vaccine supply. One clinic in each municipality was selected based on the ability to maintain health and safety measures, accessibility and amenities. The clinics are not yet open to the general public. The clinics will first serve priority populations identified by the Province, beginning with adults 80 years of age and older. The Region’s ability to get these sites operational is dependent on supply from the Federal Government.