We have seen real estate go up and down like a bit of a roller coaster for the last years. During Covid, the market exploded and sales went through the roof. This amazing seller’s market lasted for quite some time and normalized again in 2023. Since then, it has been...
The announcement by the Bank of Canada reducing the interest rate to 4.75%, is great news! This positive development is set to boost the housing market, providing a great opportunity for both buyers and sellers to make their move with confidence. Whether you are...
In March 2024, the average days to sell a home increased by 4.9% compared to the previous year, with the HPI benchmark price rising over 2% month-over-month. These statistics indicate a positive trend in the Niagara housing market, offering potential opportunities for...
We're excited to share that the numbers for November 2023 are now available! We are noticing a slight decrease in price of less than 1% month over month and year over year. In addition, the higher average days on market of 45.5 days from 37 days in October 2023...
We are pleased to share the latest update on the Niagara real estate market. As we enter the fourth quarter of 2023, we have observed a slower sales period in comparison to the same period last year. This is due to an increase in listings and a decrease in sales....
The Real Estate numbers for September are available! The latest data shows that the HPI Benchmark price has decreased by 1.4% since last month. This slight dip indicates a favourable market for buyers. As we transition into October and people settle back into their...
We are excited to see that the price gap between home sales in 2022 and 2023 is gradually shrinking. Our latest market analysis reveals a noticeable increase in home prices, indicating a positive trend for homeowners and real estate investors. This development is...
Good news for homeowners! Real estate statistics are still continuing to climb again! Your municipality's performance is also improving. Find out how it fared during the month of June! In general, we can say that the number of sales has increased and the price gap...
How did we do in May? Although there is still a significant difference between sale prices May 2022 versus May 2023, we have to keep in mind that the prices in the first half of 2022 were still at an all time high! In the second half of 2022 though, prices started to...
While comparing 2023 numbers to 2022 still show a significantly lower sale price, we have to keep in mind the 2022 sales were at an all time high. However: when we compare the Niagara Region residential sales for March 2023 with February 2023, we can see an increase!...
We are noticing a slight chance in the market! Home values are holding steady at roughly the same as it was in January 2023. The number of days a house is listed has slightly gone down and the number of listings has slightly gone up. When we compare January 2023 with...
The first real estate numbers for 2023 are available! How did we do?? When comparing last year January to this year, please remember that the real estate market in January 2022 was still very frenzied! For example, the average sale price for the Niagara Region in...
SOOOO you like numbers HUH, than check this end of year report published by Royal LePage! Click the image below to view the full report!
Let's have a look at the December Real Estate numbers! Last month of 2022! How did we do?? I will answer this by quoting the Niagara Association of Realtors Board of Directors president Amy Layton: “As expected, NAR experienced fewer sales this past December compared...
The real estate market continues to trend towards a more stable market as we head into the Christmas season. Home sales have been slashed just about in half and although prices are still slightly decreasing. Let's remember that last year they were at an all-time high...
Let's have a look at the October Real Estate numbers! How did we do?? The real estate market for the entire Niagara Region is slowing down. Prices are still decreasing compared to last year and the number of sales is much lower for every municipality. In the Niagara...
How did we do compared to September 2021?? The market is still slowing down. Not only are the number of sales down per municipality compared to last year's September, but in most municipalities the sale price has also dropped, with the exception of Lincoln, Thorold...
How did this month do compared to last year's? As mentioned in our previous Market Report, we are still seeing a continuation of the declining trend. Number of Sales in August 2022 are going down,but sale prices are still slightly going up compared to 2021. In the...
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We are seeing a continuation of the declining trend; the number of sold houses continues to go down and so are the sale prices. However: when we look at the year by year numbers, we can still see an overall increase in sale price percentages. For example: In the...
The Real Estate Numbers for June 2022 are in! How did this month do compared to last year's? We are seeing a continuation of the declining trend; the number of sold houses continues to go down and so are the sale prices. However: when we look at the year by year...
How did May do compared to last year's? We are noticing a definite shift in the market. Whereas 2021 was an amazing seller’s year, 2022 seems to be shifting more towards a balance between seller and buyer, while leaning a bit more towards a buyer’s market currently....
How did April 2022 do compared to April 2021? We can see the market is still changing compared to last year. For example, the number of new listings in the Niagara Region have increased with 4.3% for April 2022 compared to April 2021. The number of sales for the same...
We can see the market is shifting a little bit over the last several weeks. It is very important to understand how to navigate these changes in order to be a successful seller or buyer! Interest rates are rising and so is inflation; and to top it off: after having to...
Does February look anything like the first month of this year?? Let's look at some numbers!! We can still see a steady increase in the HPI benchmark prices for the month of February! As a matter of fact, that increase is almost the same percentage as in January! Where...
If you have sold a house in 2021 the Canada Revenue Agency (CRA) has some information for you! The global pandemic has also resulted in changes to CRA services. I hope that this information is helpful. Now is a good time to report the sale of your principal residence....
How did 2022 kick off? Are we continuing the trend of last year decreasing listings and increasing sale prices? What does the first month of the new year look like?? Let's look at some numbers!! In the Niagara Region we continue to see a steady increase in benchmark...
It is definitely interesting to see what happened in real estate in the last month of 2021. So, what did happen in December? How did we do compared to this time last year? Let's look at some numbers!! In the Niagara Region as a whole, we continue to see a...
Being so close to Christmas and the New Year we have seen some great opportunities for our buyers with less competition so maybe now is the time to accelerate your timeline to start looking for that new home now! So, what happened in real estate last month? What did...
What do these numbers mean? Four things we noticed. There is still a decrease in residential sales compared to June last year, approximately 10.8%. Residential houses are taking 55% longer to sale than June 2017. The residential average sale price had a very marginal...