The first snowfall is just as magical as it was last year—and the year before that. No matter how much we all complain about winter, when those first flakes fall, we all run to the window to watch. It also reminds us that Christmas is right around the corner.
The winter season can feel gloomy or we can choose to enjoy this time and plan for a new year ahead.
Our real estate market in Ontario has undergone many shifts as inflation is tackled. As houses prices adjust, many markets are rebalancing and home price affordability is improving.
We expect that the slowdown will alleviate inflationary pressures sufficiently for the Bank to reverse some rate rises next year. This will increase housing affordability across the board when Canada’s housing market begins to stabilize in 2023/24.
Wishing you a warm, cozy and special Holiday season surrounded by family and friends.
Please reach out anytime to say hello, with a real estate question or to find out where the value of your home sits now. We’d love to hear from you.
The Katharine Loucaidou Real Estate Group