When looking at the numbers for May, we can see a fairly steady trend.
To quote Johnny MacDonald, Chair of the Niagara Association of REALTORS®:
“With Niagara’s sales-to-listings ratio for May landing at 36%, our regional market is staying firmly planted in a buyer’s market. “We are down 1.5% from April, and while some areas are performing better than others, with St. Catharines edging closer toward a balanced market with a sales-to-listings ratio of just over 42%, and West Lincoln having a stellar month, overall Niagara’s market is still showing favour to the buyer. But it’s not all doom and gloom friends, the current market reveals the silver lining of an excellent opportunity for those wanting to enter the housing market, and those upsizing!”
The Bank of Canada continues to hold its overnight lending rate at 2.25% and is expected to continue to do so despite global economic uncertainties, to avoid further inflation.
As always: if you have any questions, don’t hesitate to contact me!
905-321-5050!
So…. how did your municipality do?
