What the HOWELL is going on? | March 7th, 2025 Update
This week, Clinton shares insights on the potential impact of new U.S. tariffs on Canadian imports and what they mean for the Burlington, Hamilton, and Oakville real estate markets. While economic shifts could influence housing demand, market fundamentals remain strong. Pent-up buyer demand, favourable interest rates, steady immigration, and limited housing supply continue to support stability. Even in times of uncertainty, the local real estate market has demonstrated resilience.
RE/MAX Escarpment/Niagara Appointment Centre: On the demand side, from 2022 to 2025, the weekly appointment-to-sale ratio for February declined from over 10 to 7.7, indicating a shift toward higher market efficiency. Buyers are making quicker decisions, resulting in fewer appointments per sale.
Burlington Market Update: Burlington saw an increase in active listings this week, while sales dipped slightly, leading to a rise in months of supply. The market remains favourable for buyers across all property types. Prices have been relatively steady but have shown a slight downward trend in recent weeks.
Hamilton Market Update: Hamilton experienced a boost in both active listings and sales, resulting in a higher months-of-supply. However, properties are moving faster, reflecting ongoing buyer interest. The market continues to lean in favour of buyers, offering great opportunities for those looking to purchase.
Oakville Market Update: Oakville’s inventory remains elevated, with both listings and sales on the rise. The market still favors buyers, as seen in the absorption rate, making it an ideal time for those considering entering the market.
What the HOWELL is going on? | March 7th, 2025 Update
This week, Clinton shares insights on the potential impact of new U.S. tariffs on Canadian imports and what they mean for the Burlington, Hamilton, and Oakville real estate markets. While economic shifts could influence housing demand, market fundamentals remain strong. Pent-up buyer demand, favourable interest rates, steady immigration, and limited housing supply continue to support stability. Even in times of uncertainty, the local real estate market has demonstrated resilience.
RE/MAX Escarpment/Niagara Appointment Centre:
On the demand side, from 2022 to 2025, the weekly appointment-to-sale ratio for February declined from over 10 to 7.7, indicating a shift toward higher market efficiency. Buyers are making quicker decisions, resulting in fewer appointments per sale.
Burlington Market Update:
Burlington saw an increase in active listings this week, while sales dipped slightly, leading to a rise in months of supply. The market remains favourable for buyers across all property types. Prices have been relatively steady but have shown a slight downward trend in recent weeks.
Hamilton Market Update:
Hamilton experienced a boost in both active listings and sales, resulting in a higher months-of-supply. However, properties are moving faster, reflecting ongoing buyer interest. The market continues to lean in favour of buyers, offering great opportunities for those looking to purchase.
Oakville Market Update:
Oakville’s inventory remains elevated, with both listings and sales on the rise. The market still favors buyers, as seen in the absorption rate, making it an ideal time for those considering entering the market.