Burlington bustling with activity

It seems the change in mortgage lending ratios has made it a little harder now for first-time buyers to qualify and find a home in the lower entry-level price range.  Many have decided to look outside of the Burlington and Hamilton areas where homes are not quite as expensive and where multiple offers are not as prevalent–this, despite Burlington being voted 2nd best place to live in Canada in 2016, out of 219 cities.  With the ongoing demand for housing there is also a lot of new construction taking place in Burlington and the surrounding areas. Year over year the average sale price in Burlington was up 14.5% in September 2016 to $654,679 vs. $571,439 in September 2015. Comparing September to the previous month of August, the number of homes sold increased to 2,470 vs. 2,235, listings jumped to 3,006 vs. 2,638 and the average days on mark stayed the same at 21 days.