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What is the market doing right now?

What is the market doing right now? This is one of the most common questions that I’m most frequently asked.

 

As you may know, our Region has enjoyed a very significant growth in the past 18 months. What we are seeing now is a levelling of the market at the current prices.

 

Why is everything levelling out? These home values have been established as a result of bidding wars, limited inventory (more people wanting to buy but not enough homes available) and movement from the Greater Toronto Area, Milton, and Oakville markets. 

 

What you should expect...

 

1) Values should remain steady with an average growth resuming (3% to 5% annually)

2) Increased inventory in Waterloo and Wellington Region’s

3) Buyers should have less competition on offer presentation dates

 

Was this just merely a “bubble”?

 

No!

 

It is highly unlikely for home values to decline, as our Region still remains very attractive to our neighbours, who are still on average priced roughly 50% to 60% higher than us. 

 

If you have any more questions about the market or real estate – give me a call at 519-624-5555 or e-mail me directly at faisal@homeshack.com

 

 

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Faisal Susiwala
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June 12, 2017
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Faisal's career in real estate began at the early age of 18. He consistently earned a reputation as a top producer from the outset. In 1994, he joined the sales force of RE/MAX Twin City Realty Inc. and has continued to be a top producer there for the past twelve years. Susiwala covers a large sector of the Cambridge and KW market and attributes his success to a strong marketing plan with extensive advertising, state of the art technology, an experienced support team and a loyal clientele base for the past 17 years of being in the real estate business.

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