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Oakville Beaver | Thursday, July 13, 2023 | 22 AY Conon ce elon naturally. B® NEWS LOUIE ROSELLA lrosella@metroland.com The summer market isn't bringing with it a plethora of house sales in Oakville and Burlington. The latest findings from the Toronto Regional Real Estate Board (TRREB), which released its June re- port Thursday (July 6) Bm HOME PRICES RISING BUT shows some interesting re- A fantastic line-up of blooms, activities and special events a alestate trends in Oakville and B The Enchanted Garden pubats in Bloom raeme Fisme/ Mel file photo July 14 - 16 | RBG Rock Garden prices but significant Home sales have seen a sharp decline in south Halto! Calling all gnomes, fairies, pixies and sprites. drop in cals. compared to ; , Make your way to Royal Botanical Gardens May numbers. hampered last month by __ tive to the same period last where a touch of magic awaits you. The report shows over- uncertainty surrounding year, the TRREB report allhouse pricesinOakville the Bank of Canada's out- _ states. are up, from $1,554,259 in look on inflation and inter- "A resilient economy, May to $1,568,200 last est rates. Furthermore, a tight labour market and re- persistent lack of invento- cord mulation growth Music in the Cealrelens : ; Sunday evenings; July 2 - August 27 sa ate, ; month RBG Hendrie Park, Michell’ Field WERE Ne In Burlington mi Bring a lawn chair or pack a blanket, grab a ry likely sidelined some willing buyers because kept home sales well above st year's lows. king cold drink and enjoy performances featuring afive per cent increase they couldn't find a home forward, the Bank of Cana- local and award-winning musicians in our at $1,178,036 last month eeting their needs. Sim- _da's interest rate decision lovely garden setting. compared with $1,115,294 in ply put, you tean't buy what i onth and its guid- May. is not available," said ance on inflation and bor- Shakespeare in the Garden — Living with Shakespeare louse sales in Burling- ton tool a big dip, dropping more than 20 per cent with TRREB president Paul Baron. Home sales and the ro’ ts the re- mainder of 2023 will help us understand how much ; 259 sales last month. In average selli ice inthe salesand price willrecover presented by Driftwood May, there were 332 house GTA overall in June 2023 eyond current levels," Theatre sales inthecity, TRREBre- remained above last year's said TRREB chief market August 25 - 27 | RBG Laking Garden orts. levels, the TRREB report analyst Jason Mercer. _ ' Oakville also saw a _ states. municipalities Driftwood Theatre presents Living With steep decline in house Seasonally adjusted. continne to lag in bringing Shakespeare. Driftwood Ar Jeremy Smith reckons with his life-long relationship to the Bard of Avon. Weaving scenes, passages, and music from Shakespeare's greatest plays wi sales, from 327 in May to 270 in June. There were 384 active listings in June in Burling- sales dipped on a month- over-month basis. The sea- sonally adjusted average selling price and the MLS new housing online at a pace sufficient to make up for the current deficit and po] stories from Jeremy's lifelong relationship to ton compared to299inMay, Home Price Index (HPI) _ lation growth, said TRREB the Bard. Run time: Approximately 90 minutes. while in Oakville, there Composite benchmark CEO John DiMichele. No intermission. were 555 active listings last | were up compared to the "In addition to the im- month compared to 478 in previousmonth,thereport _ pact of the listing shortage, May, the TRREB report re- _ states. housing affordability is al- veals. a realtors reported sohamperedonan ongoing There were 469 new list- sales thro basis by taxation and fees ings in Burlington last TRREB's MLS System in associated with home sales June 2023 — ups: 5 ds cent and construction as well as Come enjoy dishes inspired by fresh, seasonal ingredients. th 356 new Lis compared to dune fig 1 ine general deve schol Reservation ave at our RBG Rock Garden Bsr, Royal fine Sem newlistings ‘The number of listings ton impacting households Opentable- yy over the same period. The _ need tolookatall oo thet fae € Bota nical an demand forowner- year-over-year increase in tors 8 ® Gard lens ship housing is stronger sales coupled with the de- hold balance sheet ee peo. § than last year, despite mer crease in new listingsmean _ple's ability to house them- £ rbg.ca/more-to-do e000 CANADA er borr sts. market conditions were selves," said DiMicheleina g this said, home sales ware tighter this past June rela- statement. £