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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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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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Your Niagara Real Estate Podcast: Ep. #36

Our pals Emily Barry (The Barry Team from Revel Realty) and Jason Jacobs (Home Team Realty Group from Royal Lepage State Realty) join us for a good ol’ fashioned round table discussion of yet another entertaining year in Niagara real estate.

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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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Your Niagara Real Estate Podcast: Ep. #34

A slow moving real estate market requires a change in the mental approach of both the seller or buyer as well as the Realtors involved. Here in the molasses market of October 2023, the mental wear & tear is real. So, let’s talk about it.

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Your Niagara Real Estate Podcast: Ep. #33

We had a little summer break so its time to get caught up on all things Niagara real estate. From prices to over ambitious sellers, mortgage rates and mental health…it’s all up for discussion on this one.

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