Subscribe to the Robertson Kadwell Newsletter:

Submitting Form...

The server encountered an error.

Form received.

March 2020 - Robertson Kadwell Newsletter
Oakville – Burlington – Mississauga – Hamilton – Flamborough Cambridge – Toronto – Dundas – Waterdown

These are unusual times. As we write this, Ontario has declared a public Health Emergency and Canada has closed the borders to all but Canadian and American citizens. Meanwhile we have had 2 Bank of Canada interest rate reductions (now sitting at 0.75%), and there is even talk of further reduction in the next few weeks. We can't even look at the DOW and the TSX. It is incredible how things have changed since our last Newsletter. In January we were looking forward to a strong economy, there was absolutely no talk of a recession, and the real estate market looked to bounce back after two weak years.

What we can tell you about real estate is that people still need to buy and to sell their homes. We also know that many feel that real estate continues to be a good investment. So while not every lending institution is lowering their mortgage rates to keep up with the BofC, and any change to the stress test formula has been put on hold, we are still open for business. We will be working from home, we are accessible as always by phone or email, and we will continue to provide our usual service. Our listings are always exceptionally represented online with floor plans, videos and still photography. Buyers will be able to "see" a listing very well online. Check out and Do not hesitate to get in touch if you need anything. We can even pick up and deliver prescriptions or groceries if you are stuck at home.

This Newsletter is a reminder that we run monthly real estate Statistics for all the neighbourhoods in Oakville and Burlington. If you want your current neighbourhood stat for 2020, just give us a call!

Stay healthy everyone.
With no crystal ball, we are not in a position to predict what is going to happen with the real estate market in the coming weeks. We do expect that people may sit on the sideline for a week or two. As we move into what should be the Spring season, we are looking at uncharted territory. Just before the COVID-19 crisis began, inventory of available homes for sale were down but buyers were around. Homes were selling, and in certain price points, they were selling in multiple offers and over the list price. Interesting to note though, Buyers are not going over the top with their offers for most styles of homes. Realtors are providing the comparable sales information that allows them to make offers that reflect the true value of that home. This is important because sale prices have to meet the critical eye of bank appraisers.

At Robertson Kadwell in the last week (March 9 - 16) we have purchased a home for buyers, and sold one of our listings. We continue to show homes to our buyers and are getting ready to list 3 new homes in the coming weeks. Life goes on.
Statistically speaking 2020 was starting strong in comparison to the previous year. According to the Ontario Milton Real Estate Board, as of March 1, 2020 the average sale price for a residential home for the year to date (all styles) is $1,258,014 with a total of 297 sales. Whereas by March 1, 2019 the average sale price was $1,083,520 (all styles), with 203 sales across the town.

Click on the images below to see the Median Sale Prices of 2-Storey homes within Burlington and Oakville neighbourhoods for 2019. This will give you a sense of neighbourhood value across both towns.
What gives a community its roots? Local schools (both elementary and secondary) definitely play an important role. One could also argue that a recreation centre can add value to that all-important sense of community. South-East Oakville has not had a community centre before, but we are almost there and is definitely something to look forward to.

The Oakville Trafalgar Community Centre and Park is currently under construction at what was previously the site of the Oakville Hospital. Anticipated to open September 19th, 2020, the space will be home to a variety of amenities. According to the Town, the modern building design includes a 25-metre lap pool, warm water pool, double gymnasium, fitness centre, running track, meeting rooms and space for intergenerational programming. With the support of the town and Oakville Hydro it will be an LEED-certified energy efficient building with rooftop solar panels, geo-thermal heating and cooling, as well as car charging stations.

In the meantime while we wait on the new space, we definitely recommend checking out the already completed Trafalgar Park Community Centre when it re-opens in the coming weeks, located at the corner of Kerr and Rebecca Streets. While preserving the heritage of the original wood truss roof system on the previous "Oakville Arena," it is now connected to a variety of adjacent recreational facilities. The added space includes a full-size gymnasium, running track, seniors centre, fitness centre and public meeting rooms.

Wishing everyone some quality family time during these next few weeks at home. Lots of hand washing and sanitizing is in our future, hoping this too shall pass very soon.
Nancy Robertson
Sr Vice President, Sales / Partner
Direct 905 334 9422
Andrew Kadwell
Sales Representative / Partner
Direct 905 399 8187
Get to know us
Our own website

The company's Canadian website
Our Office
Ask for Nancy R or Andrew K
Sotheby's International Realty Canada
125 Lakeshore Road East, Suite 200
Oakville, ON L6J 1H3
t 905 845 0024

Extraordinary Service & Exceptional Results