The February 2026 data from the Oakville Milton District Real Estate Board (OMDREB) is in, and the narrative for the Halton Region is clear: a "healthy rebound" is underway. As we shake off the winter chill, the market is showing signs of a classic spring build-up, though with a much more disciplined approach to pricing than we saw in the post-pandemic frenzy.
Across Halton, OMDREB reported 380 residential transactions in February. This represents a significant bounce-back from January activity, signalling that both buyers and sellers are ready to re-engage.
President’s Outlook: A Market Moving with Precision
Heidi Noel, President of OMDREB, notes that while the engine is humming, buyers are keeping a very close eye on the fuel gauge—affordability.
“February numbers show a market that’s moving, with buyers paying close attention to price,” says Noel. “We saw more sales and more overall dollar volume compared to January, which tells us people are becoming more active again as we head toward spring. At the same time, compared to last year, affordability is still shaping decisions and keeping expectations realistic.”
Noel further emphasized that the "frenzy" of previous years has been replaced by negotiation:
“Most homes are selling below asking, and properties are taking a little longer to sell than they did in 2025. Borrowing costs are expected to level out this year, so affordability will likely continue to depend on buyers having room to negotiate.”
The Stats: Single-Family Homes vs. Condos/Towns
The Halton market is currently split between a recovering single-family sector and a highly active (but price-sensitive) townhouse and condo segment.
Single-Family Homes
Single-family residences saw a modest price bump compared to last month, though they remain more affordable than this time last year.
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Average Price: $1,444,840 (+3.1% MoM, -6.8% YoY)
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Transactions: 205 (+9% MoM, -5.5% YoY )
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Inventory: 617 New Listings (+10% MoM, -11.4% YoY)
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Days on Market: 35 days (up from 24 days in February 2025)
Townhouse and Condo Market
This segment saw a massive surge in month-over-month volume, proving that entry-level and mid-range properties remain the primary engine of the market.
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Average Price: $772,451 (-0.8% MoM, -6.0% YoY)
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Transactions: 175 (+26.8% MoM, -16.7% YoY)
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New Listings: 558 (-5.9% MoM, -24.1% YoY)
Local Market Breakdown
Geography matters. While the region-wide trend shows normalization, specific pockets like Burlington and Halton Hills are defying broader year-over-year price drops in certain segments.
| Municipality | Property Type | Average Price | Year-Over-Year (YoY) |
| Oakville | Single Family | $1,751,327 | -15.4% |
| Town/Condo | $822,158 | -10.9% | |
| Milton | Single Family | $1,133,395 | -3.0% |
| Town/Condo | $749,098 | -10.7% | |
| Burlington | Single Family | $1,420,564 | +3.3% |
| Town/Condo | $722,085 | -0.7% | |
| Halton Hills | Single Family | $1,073,786 | -5.3% |
| Town/Condo | $799,250 | +13.8%* |
*Note: Halton Hills Town/Condo segment is a low-volume sector, which can lead to higher percentage fluctuations.
Strategy for Sellers and Buyers
With homes taking longer to sell (averaging 35 days for detached houses), the "list it and they will come" strategy is officially retired.
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For Sellers: As President Heidi Noel suggests, "pricing thoughtfully" is the only way to capture attention. With more new listings entering the market (+10% in the single-family segment), competition is increasing.
For Buyers: The current climate offers a rare window of "improved negotiating conditions." With many properties selling below asking, there is finally room to breathe and perform due diligence.
The Bottom Line
The February 2026 report paints a picture of a balanced market. We are seeing a healthy rebound in volume, but a stabilization in prices that favours the patient, educated consumer. As borrowing costs look to level out, the spring market in Oakville and Milton is shaping up to be one of the most accessible for buyers in recent years.
Are you curious about what your specific home is worth in today's balanced market? Read the full February 2026 Market Report here.
Partner with The Bernard Team
The February data shows a market that rewards strategy over guesswork. Whether you’re navigating Oakville real estate, Burlington real estate, or the Mississauga corridor, the Bernard Team offers the hyper-local expertise needed to negotiate effectively in today’s balanced market. We turn complex data into a clear competitive advantage for our clients.
Ready to move? Connect with The Bernard Team today for a personalized market evaluation and let’s plan your next step
