In my daily travels, the people I meet are primarily concerned with my response to this very important question. As homeowners, we all have a very significant stake in the health of our local real estate market.
My analysis says that there are quite a number of positive factors for Waterloo Region real estate. The supply of homes coming on the market remains stable. The average days on the market for homes sold to date in February is 52 days. Home buyers have a good selection of properties to choose from. Interest rates are extremely favourable with a 5 year mortgage available at 4.29%. Homes selling for less than $300 000 account for 75% of the sales while homes for sale over $300 000 make up 40% of the listings. What a great time to move up to your "Dream Home".
As a bonus, our Guaranteed Sale Program allows you to make a cash offer on the home you're moving up to which gives you even more leverage. Contact me to discuss how this applies to your current situation.