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The State of Real Estate in Niagara – Market Update February 2024

Looking back, 2023 presented its challenges, notably marking the lowest sales figures since the start of my career in real estate back in 2002. However, as we venture into March, there’s a tangible sense of optimism in the air. Encouraging developments in interest rates and market activities are signalling a more promising year ahead for us all.

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The State of Real Estate in Niagara – Market Update January 2024

The Bank of Canada’s recent announcement to hold interest rates steady, with a potential decrease later in the year, has injected a dose of positivity into the market. This decision is critical as it sets the tone for economic activities, including real estate transactions, and influences buyer and seller confidence.

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Niagara Real Estate Youtube Channel Art 2560 × 1440 px September 18

The State of Real Estate in Niagara – Market Update December 2023

Throughout the year, we’ve noticed a pattern similar to the previous year, particularly influenced by interest rates. The mid-year interest rates had a noticeable downward push on the market, leading us to what we consider the bottom. However, in the real estate cycle, hitting the bottom usually suggests an upcoming rise, which is what we’re anticipating for 2024.

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Niagara Real Estate Youtube Channel Art 2560 × 1440 px September 15

The State of Real Estate in Niagara – Market Update November 2023

The current climate, marked by high borrowing costs and economic uncertainty, has led to a noticeable slowdown in house sales. Many sellers opt to delay their plans, looking towards next year as a more opportune time to sell. However, it’s important to note that the Niagara region is experiencing its highest number of listings since the fall of 2014, with approximately 2,800 properties on the market.

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Niagara Real Estate Youtube Channel Art 2560 × 1440 px September 9

The State of Real Estate in Niagara – Market Update July 2023

Right now, in July/August I have to remind sellers, please don’t go to the MLS to price your house. Buyers have more information at their fingertips through the MLS, through the photos, videos, and apps that let them know what your house has sold for. So if you’re trying to stretch the market, you’re not pulling the wool over the buyers eyes.

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Niagara Real Estate Youtube Channel Art 2560 × 1440 px September 8

The State of Real Estate in Niagara – Market Update June 2023

Demand is picking up and prices are increasing in the GTA due to lack of supply. This is something I’ve been discussing for the past little bit because here in Niagara, what you need to know and understand is this is most likely coming our way. We are starting to experience that in certain price ranges and in certain locations in our region, as supply is now low and demand is high.

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Niagara Real Estate Youtube Channel Art 2560 × 1440 px September 6

The State of Real Estate in Niagara – Market Update May 2023

Demand is picking up and prices are increasing in the GTA due to lack of supply. This is something I’ve been discussing for the past little bit because here in Niagara, what you need to know and understand is this is most likely coming our way. We are starting to experience that in certain price ranges and in certain locations in our region, as supply is now low and demand is high.

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Niagara Real Estate Youtube Channel Art 2560 × 1440 px September 5

The State of Real Estate in Niagara – Market Update March 2023

Greetings and warm wishes. As the season of blooming flowers and new beginnings dawns upon us, sellers may find themselves busily preparing their houses for the spring market, which typically witnesses a peak in demand. On the other hand, prospective buyers will likely be scouring the internet and perusing various properties.

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