Burlington market report · October 2024
Burlington housing market: October 2024
Burlington housing market in October 2024: $1,088,016 average sale price (down 4.6% year over year), 226 homes sold, 2.6 months of supply — a balanced market. Figures from the Toronto Regional Real Estate Board.
What happened in Burlington in October 2024
Burlington recorded 226 sales in October 2024, 65.0% more than the same month a year earlier. Sellers brought 475 new listings to market, leaving 709 properties in inventory — 25.9% more than a year ago. At the month's pace of sales that is 2.6 months of supply, which puts Burlington in a balanced market. 50% of the month's new listings sold.
The average sale price across all property types was $1,088,016, down 4.6% year over year and down 6.2% on the month. Detached homes averaged $1,339,645 against $662,855 for condo apartments — the gap that decides which side of the $1.5 million insured-financing cap a purchase here falls on.
The two years to October 2024
By property type
| Type | Average sale price | YoY | Sold | New listings | Inventory |
|---|---|---|---|---|---|
| Detached | $1,339,645 | -8.0% | 125 | 236 | 340 |
| Semi-detached | $971,800 | +0.9% | 10 | 15 | 16 |
| Row / townhouse | $920,355 | -13.6% | 11 | 31 | 35 |
| Apartment | $662,855 | +5.9% | 43 | 133 | 233 |
| All types | $1,088,016 | -4.6% | 226 | 475 | 709 |
Source: the Toronto Regional Real Estate Board, Burlington, October 2024.
What this means if you're buying in Burlington
Market conditions shape the negotiation; your income, debts and the stress test decide what you can actually borrow. Downsizing is common here and it comes with a specific trap: buying the next place before the current one has firmly sold. Bridge financing requires a firm, unconditional sale agreement — an accepted offer that still has conditions on it is not enough for most lenders. If you are selling and buying, line the closing dates up deliberately, and have the bridge arranged in principle before you commit to the purchase date.
Read the full Burlington area guide, compare it with the wider GTA market, or run your numbers and start an application.
Buying in Burlington?
Get a real pre-approval before you shop — it's the difference between a budget and a guess.