June Market Update

 
 

Oakville

In June 2024, Oakville's commercial real estate market saw significant year-over-year changes. The industrial sector experienced a notable increase, with the number of transactions rising by 200% and the average selling price increasing by 52.67%. However, the average price per square foot decreased by 33.14%. In contrast, the office sector had no transactions recorded for June 2024, compared to one transaction in June 2023.

 
 

Burlington

In June 2024, Burlington's retail sector saw no transactions, highlighting a potential pause or decline in retail investment activity. The absence of data on selling prices and price per square foot suggests a challenging market environment for retail properties. Conversely, the Industrial sector experienced a significant drop in transaction volume from 6 in 2023 to just 1 in 2024, yet average prices per square foot increased by 32.35%. This indicates reduced but more valuable industrial transactions, reflecting ongoing demand despite a decrease in overall deal volume.

 
 

Mississauga

Mississauga's commercial real estate market in June 2024 saw significant shifts. The retail sector experienced a sharp decline, with the number of transactions dropping by 91.3% and the average selling price falling by 25.14%. In contrast, the industrial sector showed resilience with a minor 5.56% decrease in transactions but a notable 22.84% increase in the average price per square foot.

 
 

Milton

In June 2024, Milton’s Industrial sector saw a 100% increase in transaction volume, though average selling prices dropped by 46.45%. This suggests growing activity and demand for industrial spaces, despite a shift towards more affordable deals. Conversely, the ICI Land sector's complete halt in transactions indicates a potential pause in land investment or market stability concerns. These shifts highlight evolving dynamics in Milton's commercial real estate landscape.

 
 

Brampton

In June 2024, Brampton's real estate market saw significant shifts. The Industrial sector had a 30% drop in transactions and a 25.58% decrease in average selling prices, while the price per square foot increased by 8.41%, indicating a preference for higher-quality spaces. The Residential Land sector remained stable with 2 transactions each year, but average selling prices surged by 534.71% and the price per acre more than doubled, showing increased demand for residential development land.

 
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July Market Update