March Newsletter from Synergy Real Estate Group

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February 2024 Market Report

February 2024 Market Report

Did Spring

come earlier than expected?

February featured some spring-like weather and higher market activity.

With a $40,000 increase in the avg. sale price over the previous month, things have seemed to heat up rather quickly.

Bungalows are still in the #1 position for the most popular style of home, while ranches made the largest gains in both units sold and avg. sale price.

With continued limited inventory and growing buyer demand, multiple offers seem to be making a strong comeback.

Desjardin financial forecasts the Bank of Canada to reduce the rates by 25 basis points at every meeting this year into 2025, beginning this June. By the end of next year, it predicts they will be half of what they are now. This could be great news for those looking and needing to renew their rates, as well as for those who have been waiting for this so they can enter the market.

It should be noted that lower rates typically drive up demand which would essentially drive up prices.

It's important to know your options and be prepared. Reach out to us...we're here to help.

Top Mortgage Rates

Are you in the market for a new home or looking to refinance your current mortgage? Look no further! Our team of experts can help you access the top mortgage rates and products available, so you can find the best deal for your unique situation.

Don't wait, contact us today to start the process and take the first step to finding your dream home!

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Active Listings

297 Lakeside Drive | For Lease $2500+

3 Bed | 2 Baths

Lakefront Living in Wine Country. Turnkey and Renovated, 2 Full Bathroom Bungalow in the heart of the Lake Erie Country Club Community. Enjoy all that the area has to offer with multiple amenities within reach.

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Client Testimonial

⭐⭐⭐⭐⭐

"My fiancé and I had a great experience working with Nikko at Synergy Real Estate Group. He made the process of buying our house very enjoyable and stress-free. He was very easy to reach, very flexible to accommodate our schedules when arranging showings/meetings, and worked with us every step of the way. Would highly recommend them to anyone buying a house!" - Dobos Family