Now that the Bank of Canada has put a hold on its rate increases, it could be an opportune moment to purchase a home in the Oakville area before the market becomes more competitive. Many professionals predict that the housing market will rebound towards the end of 2023 as interest rates are expected to drop. The timing of your purchase can have a significant impact, as there is a backlog of potential buyers eagerly anticipating the chance to purchase properties at lower prices and interest rates.
If this forecast is accurate, even though we can’t always predict, it seems to be a beneficial time to sell and upgrade based on the differential on pricing. We are experiencing an increase in showings and increase in competitive offers. It is critical to make the right real estate decisions at the appropriate time, so don’t hesitate to reach out to a local market expert on Team RINA today!
A past client said to me one day; everyone needs a good doctor, a good lawyer and a good real estate agent. If you are looking for a real estate discovery call, just give Rina a call at 416-804-4347 or email firstname.lastname@example.org