What the HOWELL is going on? June 13th, 2025 Update

Happy Friday!

In this week’s episode of What the HOWELL is Going On, Clinton is joined by Andrea Crayden, Mortgage Agent with Dominion Lending, for a special edition market update. Together, they unpack what’s really happening in today’s real estate and mortgage markets.

Andrea also shares the key mortgage steps every buyer should understand:
⿡ Pre-qualification
⿢ Pre-approval
⿣ Firm approval

✔ Work closely with your realtor
✔ Keep a financing condition in your offer—even if pre-approved

🔍 Latest Trends from RE/MAX Escarpment & RE/MAX Niagara Appointment Centre
Great news! This week marks the highest appointment volume for this time in the past 6 years. With 3,144 appointments in just the first week of June, we’re on pace to see an 11–13% increase over June 2024, if the trend continues.

📍 What’s Happening Locally:

Burlington:
Active listings are up while sales have dipped slightly, resulting in just over 4 months of inventory. With an absorption rate of 36%, Burlington remains a strong buyer’s market. There are great deals available, along with more room for conditions and negotiation.

Hamilton:
Both active listings and sales are up week-over-week. The market is sitting at about 4.5 months of supply, with a 37% absorption rate, indicating a buyer’s market as well. Notably, 37% of homes are selling within the first 30 days.

Oakville:
Active listings and sales have risen slightly, keeping the market relatively steady with around 3.5 months of supply. The absorption rate remains under 40%, also pointing to ongoing buyer’s market conditions.

Whether you're a first-time buyer or planning your next move, this video is full of timely insights you won’t want to miss.

�� Tune in now for the full update!

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