GREAT NEWS !!! The Bank of Canada today reduced its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is continuing its policy of balance sheet normalization. The global economy is expected to continue expanding at an annual rate of about 3% through 2026. While inflation is still above central bank targets in most advanced economies, it is forecast to ease gradually. In the United States, the anticipated economic slowdown is materializing, with consumption growth moderating. US inflation looks to have resumed its downward path. In the euro area,…

Niagara is experiencing a bit of a slower sales period during the beginning of the fourth quarter with more listings but less sales than last year,” reports Niagara Association of REALTORS® President, Amy Layton. “However, pent up demand is building in the region as people have begun to adjust to the higher cost of borrowing. We're continuing to see less of a gap year over year now than the sharper declines we saw in the third quarter of 2022.”   If you have any real estate questions or just want to chat about your home's current value. Give me a call I'm…

The Niagara Market Update for August 2023 Niagara real estate continues to hold steady, and with the recent Bank of Canada announcement September 6th that interest rates will hold for now. August showed us less new listings than July, with basically the same amount of sales, but this is expected during this month, as many are enjoying the last days of summer and getting the kids ready for school, We are also seeing the gap getting smaller regarding HPI composite benchmark price. Prices are only down 1% from July to August of 2023, and down 3.6% from August 2022 to August 2023.…

“The Niagara Real Estate Market is continuing to shift while buyers are in better positions to purchase their homes with more choices. The financial information available suggests residential prices will drop in the near future as well. Check out the monthly stats below. The Niagara Real Estate Market Report Month to Month, August 2022 vs July 2022 New listings in the Niagara Region were 1095 in August 2022 vs 1174 in July 2022, which is a decrease of 6.7% Residential home sales totaled 457 in August 2022 compared to 369 in July 2022, which is a Increase of 23.8%. ️ The average HPI…

⭐️The Niagara Real Estate Market Report Month to Month, July 2022 vs June 2022 New listings in the Niagara Region were 1174 in July 2022 vs 1534 in June 2022, which is a decrease of 23.5% ⬇️  Residential home sales totaled 369 in July 2022 compared to 483 in June 2022, which is a Decrease of 23.6%. ️⬇️ The average HPI composite benchmark* price was $716,500 In July 2022, compared to $753,200 in June 2022, which is an decrease of 4.9 %.️ ️⬇️  ⭐️The Niagara Real Estate Market Report Year over Year - July 2022 vs July 2021 ⭐️ New listings in the Niagara Region…

The Niagara Real Estate Market Report month to month, May 2022 vs April 2022 New listings in the Niagara Region were 1480 in May 2022 vs 1382 in April 2022, which is a increase of 7.1% Residential home sales totaled 595 in May 2022 compared to 707 in April 2022, which is a Decrease of 15.8%. ️ The average HPI composite benchmark* price was $790,500 In May 2022, compared to $814,600 in April 2022, which is an decrease of 3.0%. ️ The Niagara Real Estate Market Report Year over Year- May 2022 vs May 2021 New listings in the Niagara Region were 1480 in May…

️The Niagara Market Report March 2022 vs March 2021 Residential home sales in Niagara totaled 830 homes in March 2022 compared to1064 in March 2021, which is a decrease of 22% The average HPI composite benchmark* price was $825,300 in March 2022 compared to $624,700 in March 2021, which is an increase of 32.1% ️The Niagara Market Report month to month, March 2022 vs February 2022 Residential home sales totaled 830 in March 2022 compared to 630 in February 2022, which is a Increase of 31.7%. The average HPI composite benchmark* price was $825,300 In March 2022, compared to $798,100…

Typically, it’s easy to make your house look attractive when flowers are blooming, the sun is shining or the leaves are changing colour. But how do you make your property look great during the cold months? We asked the RE/MAX Influencers—a panel consisting of RE/MAX Sales Associates from throughout Canada—for their top Winter Curb Appeal Tips. Below are their top responses. 1 – Sweep the Leaves, Shovel the Snow A driveway with a thick layer of snow is much less inviting than a clear pathway leading to the front door of a home. Sweeping leaves and shovelling snow is incredibly important to make your…

Bidding wars have become the new normal during COVID, so here's how you can ensure you snag your dream home.