Courtesy: Royal LePage Binder Blog
With the rise of interest rates, over the last few years we witnessed a more reluctant Buyer and Seller. Now that interest rates have remained consistent for the past several months and are forecasted to decrease starting in Q2 of 2024 and continuing into 2025, all of those hesitant buyers will begin to enter the market. With increased demand comes, you guessed it, an increase in multiple offer situations and higher prices.
While this is good news for sellers, it is also a good time for post pandemic buyers who have been saving their money and are eager to buy their next home, to get ahead of the market surge we usually see within the next few months.
Typically, spring and summer are considered peak seasons for real estate transactions, but right now is a unique window that might offer a less crowded market with motivated buyers looking to make a purchase before the busy season starts.
Take a look at what the CEO of Royal LePage Canada has to say about today’s market and what lies ahead, and if you have any questions our team can HELP!
