Where to Buy Real Estate in Canada in 2022: Halton Region, Ont.
Commutable from both Toronto and Hamilton, Halton Region includes a mix of agricultural and urban communities. We break down the top neighbourhoods for home buyers.
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Commutable from both Toronto and Hamilton, Halton Region includes a mix of agricultural and urban communities. We break down the top neighbourhoods for home buyers.
Halton is a regional municipality located west of Toronto in Ontario’s Golden Horseshoe. Positioned between Hamilton and Mississauga, it consists of Burlington, Oakville, Milton and Halton Hills. The area combines agricultural communities and small-town life with urban amenities, including shopping and culinary hubs, a growing arts scene and various sporting activities—all located close to major airports, highways and GO Transit lines.
MoneySense partnered with Zoocasa—a full-service tech brokerage—on the 2022 edition of Where to Buy Real Estate in Canada, so prospective buyers could have a sense of what to expect when buying in hot housing markets like Halton Region. The local real estate data is calculated by Zoocasa, and it considered long-term trends to determine the Halton Region neighbourhoods for the greatest value and price-growth potential in the area.
If you’re looking beyond the Halton Region, our guide includes a national ranking of cities and regions, as well as information on the top neighbourhoods in 12 other markets across Canada (find it by tapping or clicking on the menu above). The rankings are based on data collected at the end of March 2022, and interviews were conducted in March and April. Read more about our methodology.
To view all the data in the table, slide the columns right or left using your fingers or mouse. You can filter or rearrange the rankings by using the search tool or clicking on column headings. You can also download the data to your device in Excel, CSV and PDF formats.
A short commute to Hamilton and Toronto, Halton Region is a great location for commuters and remote workers. The region has something for everyone: Burlington and Oakville offer a more suburban experience with bustling downtown cores, while Milton and Halton Hills provide a quieter lifestyle with no shortage of trails and nature to explore. In terms of real estate, buyers can expect to see everything from multi-million-dollar detached homes facing the waterfront, to more affordable townhouses and condos.
Urbanization throughout the region has become common in the last couple of years, particularly in Burlington and Oakville, but the Niagara Escarpment and the provincial Greenbelt ensure there is still plenty of protected green spaces and trails to explore. The area has seen significant growth in the last few years; now just shy of 600,000 people call Halton Region home, with a higher-than-average median household income of around $140,000.
Halton Region real estate appreciated at a similar rate to the rest of the GTA prior to the pandemic. In February 2020, the benchmark cost of a home was $977,617, only slightly lower than in Toronto. Prices and sales activity dipped when lockdowns began, with the benchmark selling price dropping 7% between March and April 2020, from $933,413 to $870,966. Things began to re-adjust towards the summer, when buyer demand increased for homes and larger lots. The benchmark price of a home hit a new high for the region in June 2020, reaching $995,218.
“Since the pandemic, houses have only become more expensive because of the high demand and the lack of houses to meet that demand. There have been lots of bidding wars and the market has been highly competitive,” says Firas Esttaifo, a sales representative at Zoocasa. “Because of the low interest rates—the lowest we’ve seen in 20 years—buyers have been making higher and higher offers on houses to match their competitors, which has driven up sales prices particularly through 2021.”
As a result, home prices in Halton Region have exploded, with the benchmark home price sitting at $1,515,730 in March 2022, making it the second-most expensive place to live in the GTA.
Halton Region has seen huge real estate price growth over the last few years, and prices are likely to keep rising, at least in the short term, but at a more modest pace. In March, Halton’s sales-to-new-listings-ratio (SNLR) was 55%, which indicates its real estate market is stabilizing and returning to a more balanced state.
“Even though prices may continue to climb, they won’t go up at the rate they have over the last couple of years,” Esttaifo says. “They’ll likely slow down a bit as more houses come on to the market and there is less competition for buyers. We’re already seeing it with the 55% SNLR, and we expect that the inventory situation will continue to improve throughout the year. Houses will likely spend a little longer on the market, as buyers will feel a little more strapped because of the rising interest rates.”
Located in central Burlington, Tansley offers residents easy access to the Queen Elizabeth Way (QEW) highway. The neighbourhood provides a balance between suburban community living and the convenience of nearby shops and amenities. With the benchmark price of a home reaching $1,202,239 in December 2021, Tansley has seen consistent price growth: prices were 101% higher than they were one year earlier, 36% higher than three years earlier, and 133% higher than five years earlier. That gives the area a value score of 4.5 out of 5 and a neighbourhood economics score of 4.1 out of 5.
One of Tansley’s best loved features might be its access to parks and community centres. Locals spend time in Tansley Woods Park, Tansley Woods Community Centre and Mainway Recreation Centre. There are also lots of schools to choose from with three public schools, four Catholic schools and one private school in the neighbourhood. It’s not surprising then that 53.4% of households have children.
Need access to public transit? There are a number of convenient stops in the neighbourhood, something which likely contributes to the area’s above-average accessibility score of 4.1 out of 5.
View Zoocasa’s real estate listings in Tansley.
Looking for a home in north Burlington? Welcome to Palmer, a part of Burlington developed in the 1960s. It’s home to gentle hills, large mature trees and wide lots. Compared to the other two areas on this list, it also offers great value. The benchmark price of a home in Palmer was $948,423 in December 2021. That’s the result of steady price growth. At the end of the year, prices were 29% higher than they were one year earlier, 43.2% higher than three years earlier and 12% higher than five years earlier. That works out to a value score of 4.5 out of 5 value score and a neighbourhood economics score of 4.1 out of 5.
Homes in this area are primarily in colonial revival and Tudor styles and come in the form of split-levels, raised bungalows, townhomes and two-storeys. Neighbourhood residents congregate at Lansdowne Park and Palmer Park where you can hit up playgrounds, tennis courts, sports fields and baseball diamonds. The area is a great place to raise kids, and unsurprisingly 53.3% of households have children.
Looking to get around easily? The area is very walkable and has easy access to public transit. For that reason, it boasts a neighbourhood accessibility score of 4.1 out of 5.
View Zoocasa’s real estate listings in Palmer.
You’ll find Uptown Core in the middle of Oakville with the neighbourhood’s centre at the intersection of Trafalgar Road and Dundas Street. The planning for this area was based on new urban design principles and the housing stock is primarily high-density modern townhomes, and condos in low-rise and mid-rise buildings. The benchmark price of a home was $1,328,911 in December 2021. That price is the outcome of impressive price growth. At the end of the year, home prices were 95% higher than they were one year earlier, 65% higher than three years earlier and 67% higher than five years earlier. That gives the area a value score of 4.6 out of 5 and a neighbourhood economics score of 3.7 out of 5.
Uptown Core was planned specifically to be pedestrian- and cyclist-friendly. The area has a number of paths and hiking trails that are easy to access and that likely contribute to its neighbourhood accessibility score of 3.4 out of 5. There are also many shops, fitness clubs and restaurants in the area. Greenspaces include Memorial Park, Windfield Parkette and Town Square, which are interconnected, as well as two other small parks with ponds. Uptown Core is filled with small starter homes, but it also has houses that are perfect for raising children. For that reason, 56.1% of area households have children.
View Zoocasa’s real estate listings in the Uptown Core.
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