Rates just went up. Burlington prices barely moved.
The typical Burlington home is $850,800, up 0.3% in a year while the wider GTA fell 4.3%. On October 28 the Bank of Canada raised its rate a quarter point. Here's what that means for your mortgage, plus the new city council, an early look at 2027 taxes and what the rules let you build on your lot.
- Typical home price
- $850,800
- +0.3% vs last year (GTA: -4.3%)
- Homes sold
- 214
- 417 new listings
- Days to sell
- 32
- Sold at 97% of asking
- Months of inventory
- 3.6
- 712 homes for sale
| Month | Typical price | Homes sold |
|---|---|---|
| Jan | $833,800 | 109 |
| Feb | $871,700 | 126 |
| Mar | $864,000 | 207 |
| Apr | $863,800 | 250 |
| May | $886,500 | 278 |
| Jun | $871,400 | 279 |
| Jul | $855,600 | 221 |
| Aug | $849,900 | 193 |
| Sep | $840,600 | 177 |
| Oct | $850,800 | 214 |
| Detached | $1,212,400 | +1.3% |
|---|---|---|
| Semi or freehold townhouse | $888,400 | +1.8% |
| Condo townhouse | $657,100 | -4.4% |
| Condo apartment | $492,600 | -5.7% |
Pick your part of Burlington
See all 18 with prices, or compare up to three side by side.
Big name: what locals call it. Small name: the TRREB area the numbers come from.
The Bank of Canada raised its key rate to 2.50%
On October 28 the Bank of Canada raised its policy rate by a quarter point, from 2.25% to 2.50%. Banks moved their prime rate up the same amount, to 4.70%.
- Bank of Canada rate
- 2.50%
- Up 0.25 on October 28
- Prime rate
- 4.70%
- Was 4.45%
- 5-year fixed, posted
- 6.19%
- Banks' posted rate. Most borrowers are offered less.
- Next rate decision
- December 9, 2026
On a $500,000 variable-rate mortgage, the change means about $70 more a month. See it for your balance.
Source: Bank of Canada. General information, not mortgage advice.The numbers that move mortgage rates
- 5-year Government of Canada bond yield 3.39% Down from 3.58% a week earlier (Nov 5)
- Canadian dollar 70.9¢ US Down from 71.6¢ a week earlier (Nov 6)
- Gas, Toronto-area average 167.9¢/L Down 11 cents, lowest since August 9 (Nov 4)
- Crude oil US$90.52 Up US$2.40 on the day (Nov 5)
- Toronto stock market (S&P/TSX) 35,605 Down 736 points on the day (Nov 5)
- U.S. stock market (S&P 500) 7,354 Down 335 points on the day (Nov 5)
- U.S. tech stocks (Nasdaq) 24,315 Down 1,422 points on the day (Nov 5)
All 7 numbers and what each means for your mortgage, with sources
Updated weekly. General information, not financial or mortgage advice.
City news that touches your home
- City councilElection results: same mayor, four new ward councillorsYour ward councillor is the first person to contact about a development near you or a city tax question.
- Halton RegionProvince appoints Ann Mulvale as Halton's regional chairHalton Region's budget is part of every Burlington property tax bill, along with your water rates.
- Property taxEarly look at 2027: city staff forecast another tax increaseThe proposed budget is due in January. That is when residents can comment before council votes.
- ZoningYes, you can add up to three extra units to your lotA suite has to meet zoning, building and fire rules to be legal. The city's zoning check is the first step.
- Housing policyProvince sets zoning directly for three Millcroft-area propertiesProvincial orders can override local zoning, so new building near you may not go through the usual city process.
Coming up at council
Meetings, and the reports and applications on their agendas, as the city lists them. Anyone can watch, write in, or ask to speak.
-
Mon Nov 16, 6:30 pmRegular Meeting of Council Agenda
-
Tue Nov 17, 9:30 amCouncil Workshop Committee Agenda
- Staff presentation regarding Council Foundations (CWC-01-26)
-
Tue Nov 17, 1 pm
-
Wed Nov 18, 1 pmCommittee of Adjustment Agenda
-
Thu Nov 26, 1 pmAppeals Committee Agenda not posted yet
Titles as written by the City of Burlington; listed for information only. Each title links to the staff report. Source: City of Burlington meeting calendar, checked Nov 13, 5:30 am.
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Buying in Burlington, with eyes open
Lennox C. James, Sales Representative
Burlington Home Hub is written and run by Lennox C. James, a Sales Representative with Skybound Realty, Brokerage, working with buyers and homeowners across Burlington and Halton. Every market report is prepared and reviewed by Lennox personally, using recent sales of homes like yours. Questions? Call or text (647) 691-0229. About this site
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