What the HOWELL is going on? March 12th, 2025 Update
BREAKING NEWS - BANK OF CANADA DROPS POLICY RATE TO 2.75% TO SUPPORT OUR ECONOMY WITH TRADE WAR UNCERTAINTY
Today, the Bank of Canada cut its key interest rate for the seventh consecutive time, lowering it by 25 basis points to 2.75%. The move, widely anticipated by economists, comes as trade tensions with the U.S. raise concerns of a potential recession.
RE/MAX Escarpment/Niagara Appointment Centre: On the demand side, the appointment-to-sold index shows that, on average, it now takes 8.9 showings to sell a property. The steady increase in appointments in early 2025 suggests another strong year for real estate transactions, potentially reflecting the rapid growth seen in 2019.
Burlington Market Update: Burlington saw little to no change in active listings and sales this week, leading to a slight decline in months of supply. The market remains favourable for buyers across most property types.
Hamilton Market Update: Hamilton experienced an increase in active listings alongside a drop in sales, pushing months of supply higher. However, homes are selling faster, indicating sustained buyer interest. The market continues to favour buyers.
Oakville Market Update: Oakville’s inventory continued to rise this week, with active listings increasing while sales declined. The market remains firmly in buyers' territory, with all property types as seen in the absorption rate.
What the HOWELL is going on?
March 12th, 2025 Update
BREAKING NEWS - BANK OF CANADA DROPS POLICY RATE TO 2.75% TO SUPPORT OUR ECONOMY WITH TRADE WAR UNCERTAINTY
Today, the Bank of Canada cut its key interest rate for the seventh consecutive time, lowering it by 25 basis points to 2.75%. The move, widely anticipated by economists, comes as trade tensions with the U.S. raise concerns of a potential recession.
RE/MAX Escarpment/Niagara Appointment Centre:
On the demand side, the appointment-to-sold index shows that, on average, it now takes 8.9 showings to sell a property. The steady increase in appointments in early 2025 suggests another strong year for real estate transactions, potentially reflecting the rapid growth seen in 2019.
Burlington Market Update:
Burlington saw little to no change in active listings and sales this week, leading to a slight decline in months of supply. The market remains favourable for buyers across most property types.
Hamilton Market Update:
Hamilton experienced an increase in active listings alongside a drop in sales, pushing months of supply higher. However, homes are selling faster, indicating sustained buyer interest. The market continues to favour buyers.
Oakville Market Update:
Oakville’s inventory continued to rise this week, with active listings increasing while sales declined. The market remains firmly in buyers' territory, with all property types as seen in the absorption rate.