The Spring Market is here!

Though the weather is not spring-like and spring officially starts March 21st, the real estate housing market seems to be blooming early this year.

 

Even with the extreme weather the Realtors® Association of Hamilton-Burlington reports that unit sales of residential homes were higher this January than January 2013. We seem to be a month ahead compared to last year in terms of activity even though there have been fewer homes on the market for buyers to choose from.

 

Contributing to the strong activity are manageable interest rates and in our particular Hamilton area market a sizeable net migration of population. CMHC (Canada Mortgage and Housing Corporation) reported that the Hamilton area gained an approximate 4300 people in 2013. About half coming from within Ontario and most of this from the GTA. This trend is expected to continue.

 

Bottom line, there is good opportunity for anyone considering making a move in the market this year. Please feel free to contact me anytime if I can be of any assistance to you or anyone you know, or just call to say hello!

 

Sincerely, John Schlett