October Market Update
All data is sourced from Altus Data Studio. Readers should verify information before making real estate decisions.
In October 2024, commercial real estate activity in Oakville, Burlington, Mississauga, Milton, and Brampton showed significant shifts compared to September, with a total of 43 transactions—an increase from 23 last month and an increase in transactions across all markets.
Key highlights from the data include:
Oakville: Transaction volume grew by 16.67%, with industrial and office properties leading in activity.
Burlington: 77.78% decline in transactions from last year, with fewer office and retail sales. Average selling prices fell across most property types.
Mississauga: Recorded a 12.5% increase in transactions from last year, with retail properties seeing a 36.34% rise in average selling price.
Milton: Transactions rose by 200%, due to residential land sales and ICI land sales, indicating a continued interest in investment in this area.
Brampton: Volume stayed stagnate as transactions decreased by 7.14%, but the area saw significant average price increases from last year which rose 215.50% across all asset types.
Oakville
Oakville saw a 16.67% increase in total transactions from last year. Industrial properties led in price growth, with an average price increase of 795.46%. Retail properties also saw a significant jump from last years numbers, up 300.00% with 4 properties changing hands this October.
Oakville saw 6 transactions last month compared to 7 this month.
Burlington
In October, Burlington experienced another slower month, with transaction volume dropping to just two transactions compared to nine in 2023. A fall of 77.78%. Notable declines include office and retail property sales. Average prices dropped across most property types, including a decrease of 94.48% in price per acre for ICI land.
There were no transactions in Apartment, Industrial, Office, and Retail in October 2024.
Mississauga
Mississauga recorded a 12.5% increase in transactions from last year, driven by industrial and retail properties. Office spaces saw a 36.34% increase in average price, while overall transaction values dropped by 40.23%.
In September, there were 11 transactions, rising to 18 this month, continuing the trend of increased transaction volume, potentially driven by last month's interest rate decrease. Notable amount of transactions in the Industrial, Retail, and ICI Land sectors.
Milton
Milton’s transaction volume rose by 200% from last year, with residential land driving this growth. The average selling price across all sectors surged by 433.33%, indicating significant investment in this area. All transactions this month can be attributed to the ICI and Residential Land asset types.
Milton saw 2 transactions in September compared to 3 this October.
Brampton
Brampton’s year over year transaction volume decreased by 7.14%, down to 13 this October compared to 14 the previous year. Average selling Prices across all assets increased by 215.50%. Retail properties saw a surge in transaction volume along with ICI Land. Industrial spaces and Residential Land saw decreases in transaction volume.
In September, there were just 4 transactions across all asset types, while October saw an upward trend in investment with a total of 13 transactions.
