ee real estate blog
November Mortgage Update - The New Insured Refinancing Program
November Mortgage Update - The New Insured Refinancing Program
Exploring The Finest Kitchens In Waterloo Region
Exploring The Finest Kitchens In Waterloo Region
July Mortgage Update - What ACTUALLY happens with a rate decrease
July Mortgage Update - What ACTUALLY happens with a rate decrease
June Mortgage Update - Why First-Time Home Buyers Never Seem To Need an Appraisal
June Mortgage Update - Why first-time home buyers never seem to need an appraisal
May Mortgage Update - Can you buy a second property with 5% down?
May Mortgage Update - Can you buy a second property with 5% down?
April Mortgage Update - One Simple question to avoid disaster
April Mortgage Update - One Simple Question To Avoid Disaster
March Mortgage Update - What's the difference?
March Mortgage Update - What's the difference?
February Mortgage Update - The Dollar Difference
February Mortgage Update - The Dollar Difference
UHT Newsletter – Urgent as Deadline to File is Approaching
UHT Newsletter – Urgent as deadline to file is approaching
What to Expect in 2023
In 2022, the housing market experienced a correction phase, with a peak in February and a fairly steep decline from March to July and fairly flat since then. In January, the low inventory in Waterloo Region resulted in a significant rise in the average sale price for all housing types compared to December 2022. The shortage of inventory is propping up the market and leading to more multiple offers. However, there is a potential concern for the spring season, when there is typically an influx of inventory. It remains to be seen if there will be enough demand from buyers to absorb this additional supply, or if it will result in longer days on market and declining prices. While any potential price softening is a concern, it is unlikely to be as severe as the decreases seen from March to July 2022.
