Professional Home Stagers in Welland, ON

The Canadian real estate market, as well as the Ontario housing sector, are expected to calm down in 2022, according to most forecasts. Some industry observers feel it due to homebuyer fatigue and rising interest rates. Does the same apply to Niagara real estate market? Niagara, like other parts of the province, has been experiencing a lack of homes available for sale. People moving to smaller towns, is likely to continue in 2022 and beyond. Putting pressure on the already low supply. This means that some smaller town’s prices growth can out pace, that of bigger cities. Despite the fact that the Bank of Canada (BoC) is expected to raise rates this year, borrowing prices are still historically low, indicating that affordable credit will remain available, offering homebuyers more purchasing power. As per Niagara Association of REALTORS (NAR), the Niagara continues to be popular with homebuyers from the GTA. And a large number of people are also planning to enter the market this winter, according to recent surveys. Due to these reasons, Niagara could "break the trend" of slowing national home price growth. Experts believe that while growth may not accelerate as quickly as it did in the pandemic, higher prices and low supplies are likely to persist. Niagara remains a highly sought-after location for both visitors and residents. And will continue to be a seller's market, with average prices expected to rise 14 percent to $786,000. Sources: NAR, CMHC...