Broker Clinton Howell breaks down Q1 real estate numbers for Burlington and shares tips on how best to approach the current market. Amid global uncertainties and economic shifts, the real estate market in Burlington remains active—though slower than usual—according to local broker Clinton Howell. He notes that both buyers and sellers are making decisions from a place of uncertainty, driven by life changes rather than speculation or investment. Factors like a growing family or downsizing due to age are prompting necessary moves, rather than discretionary upgrades. Economic anxiety, fluctuating policies, and trade tensions are causing hesitation in the market.
Despite the slow sales pace—March 2025 resales in the GTA hit the lowest point since 1998—buyer interest is strong. Howell explains this as a classic buyer’s market, driven by high inventory levels and cautious but ready buyers who are getting pre-approved and watching for the right moment to act. He emphasizes that conditions on offers are common, and it’s a prime time for buyers to find deals or upgrade strategically, especially with relatively small gaps between entry-level and move-up pricing.
Locally, Burlington saw a 36% drop in Q1 home sales compared to the previous year, the slowest start on record. Although new listings are rising, they haven’t surged like in surrounding areas. The sales-to-new listings ratio improved slightly to 43%, holding inventory growth in check, but elevated supply continues to put downward pressure on prices. Howell encourages both buyers and sellers to stay informed through his weekly market updates on social media @clintonhowell.ca to navigate this evolving market landscape.
