Is it a buyer’s market or a seller’s market? The honest answer is that it depends on the city and the type of home. I looked at the latest numbers for Mississauga, Brampton, Milton, Oakville, Burlington and Vaughan, and here’s what stands out.

Where sellers still have the edge. Burlington and Milton are the tightest. Burlington detached sits at 3.89 months of inventory (MOI) and townhomes at 2.82. Milton townhomes are even hotter at 2.79, with 33 sales against 92 listings. When MOI drops below 4, homes move fast and sellers have leverage.

Where things are balanced. Brampton and Mississauga mostly land between 3.5 and 5 MOI for low-rise homes. Mississauga detached averaged $1.29M, up 0.8%, while Brampton detached eased 1.9% to just over $1M. Brampton semis are the standout at 3.45 MOI.

Where buyers have room to negotiate. Oakville detached is at 7.02 MOI, with prices down 2.7% to $1.74M. Vaughan is the softest market overall, with detached down 4.3%, townhomes down 5.9% and condo apartments down 9.7%. Condos are the story almost everywhere, with MOI above 6 in most cities.

A word of caution. Some big swings, like Burlington condo apartments up 23.6% or Oakville condo townhomes up 67.5%, come from very few sales. A handful of high-priced deals can distort an average, so don’t read them as trends.

My advice. Buyers, this is a good time to negotiate, especially on condos and in Oakville and Vaughan. Ask for better terms, not just a lower price. Sellers, price it right from day one. In hot segments like Milton townhomes, good listings still sell quickly, but in higher-inventory segments overpriced homes sit.

Curious what this means for your street or your property type? Reach out and I’ll break it down for you.