With the rise of interest rates over the last few years, we’ve been witness to more reluctant Buyers and Sellers. Now that interest rates have remained consistent for the past several months, and forecasts are starting to predict Q2 of 2024 through to 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 now eager to buy their next home.  With that in mind, we’re anticipating a market surge within the next few months.

Typically, spring and summer are considered peak seasons for real estate transactions, but the timing right now offers a unique window.  We’re experiencing a less crowded marketplace against 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 REALTORS® can HELP!