DECEMBER REAL ESTATE MARKET UPDATE

Author: Tracy Phelan, Broker RE/MAX Garden City Realty Inc. Brokerage | | Categories: #Beamsville , #Grimsby , #Jordon , #NiagaraFalls , #NiagaraMarketStats , #NiagaraReal Estate , #NiagaraRealEstateAgent , #SellingNiagaraHomes , #StCatharines , #Welland

Blog by Tracy Phelan Broker RE/MAX Garden City Realty Inc. Brokerage

The benchmark price of $617,000 is an enticing number for Niagara to attract first time home buyers and anyone looking for an affordable and beautiful place to call home. With the Bank of Canada holding the interest rate at 5% and expectations are they could possibly reduce that rate this year, we should be prepared for a somewhat typical spring market.

With the many market changes seen in 2023 and with more expected in 2024, it’s vital to seek the advice and expertise of a professional. If you’re looking to buy or sell a home or just have questions about the market, reach out and I would be happy to set up an appointment to chat. Let’s find out if the timing is right for you in 2024.

905 321 6165 | www.tracyphelan.com

 

 



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