It's been a promising start to 2024, with the Bank of Canada projecting a decrease in the rate of inflation as the year progresses. This anticipated decline in inflation would likely result in lower interest rates, which in turn would boost the confidence of home buyers in reentering the market.

 

In Hamilton, we've observed a notable increase of five percent in sales compared to the same month last year. Despite this positive growth, inventory levels remain higher than they were at the beginning of last year. However, it is worth noting that these levels are gradually returning to pre-pandemic figures.

 

On a personal note, I've been noticing a higher level of activity in open houses and an increasing number of my buyer clients resuming their search for a new home. For a comprehensive market report on both Hamilton and Toronto real estate, feel free to explore the links provided below. Alternatively, don't hesitate to reach out to me if you have any real estate-related inquiries or concerns. Wishing you all a fantastic weekend ahead!