Well, there is some light at the end of the tunnel! According to real estate analysts, the Ontario real estate market is on its way up from 2013. According to a recent article by the Real Estate Council of Ontario (RECO), "In 2014, national activity is forecast to climb to 475,000 units (+3.7 per cent). Most of the increase reflects the weak start to 2013, which is not expected to recur in early 2014."
The year ended with low volume but the beginning of 2014 will begin a rise in sales and home prices, especially in the larger markets. Kingston is expected to have a strong 2nd, 3rd and 4th quarter this year. Keeping the trend of a Buyer's market until late spring where some analysts have predicted many new buyers into the market switching the momentum to potentially a seller's market!
Interested in buying a great deal in the Kingston market or hoping to sell your property for top dollar? Give me a call or email and we can put a plan in place to make it happen!