2nd Jan, 2013

2013 Niagara residential real estate market

Looking for advice with the Niagara real estate market? Contact D. W. Howard Realty now for expertise & experience with Niagara Falls homes, Fort Erie waterfront homes, Crystal Beach cottages for sale, Niagara rental property, and more.

Across Canada, the Canada Mortgage & Housing Corp. predicts a housing cool-down in the first half 2013, with prices rising and sales slowing, and Niagara will not be immune.

Locally, the Niagara Association of Realtors doesn’t predict the same softening of the real estate market. Average Niagara house sales prices are up, as are number of units sold. ┬áThis could be a great time to invest in Niagara residential real estate, since you can count on the market right now to have nice, sustained steady growth.

Interesting facts: In 2003 the average sale price of a Niagara home was $156,294, and in 2011 it was $226,670.

Winter slowdown is natural, and consumer debt as well as tighter mortgage lending rules in Canada are factors that affect house prices and the time a house takes to sell.

Talk to D. W. Howard Realty about the current state of the housing market in Niagara!

Click here to contact D. W. Howard Realty or call 905-894-1703 for assistance with all your real estate needs from our experience team of Realtors. Nobody knows the northeast shore of Lake Erie like D. W. Howard Realty, selling more Fort Erie lakefront homes than all other brokerages combined.

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