Tag: 2023 Market Snapshot

Wellington County’s 2023 Year in review and 2024 insights

January 13, 2024

Looking ahead in 2024, we will see a bit of a tipping point as many Canadians accept the reality that the era of ultra low interest rates is gone. The Bank of Canada has held its benchmark interest rate at 5% since July 2023, and while today’s rates seem high compared to the record Pandemic lows we witnessed, it is actually just below the long term average of 5.3% of the past 4 decades from 1980 to end of 2023………Check in with Frances Snider Royal LePage Royal City Realty for all the details. … More Wellington County’s 2023 Year in review and 2024 insights

Exploring opportunities in Wellington County’s Real Estate as 2023 comes to an end!

December 13, 2023

Wellington County real estate remains a balanced market this month despite an increase in unit sales and sales volume.  Average and median sale prices have dipped down from where they were this time last year, however, still quite strong. 

The year-to-date figures might be down compared to the previous year, but we are still witnessing that the gap has been slowly narrowing……..Check in with Frances Snider Royal LePage Royal City Realty for all the details. … More Exploring opportunities in Wellington County’s Real Estate as 2023 comes to an end!

Navigating Wellington County’s Real Estate Landscape and Opportunities as we close 2023!

November 15, 2023

Wellington County real estate remains a balanced market this month due to a continued increase in new listings, and a drop in unit sales and sales volume. ……..Check in with Frances Snider Royal LePage Royal City Realty for all the details. … More Navigating Wellington County’s Real Estate Landscape and Opportunities as we close 2023!

Wellington County Real Estate: A Balancing Act in 2023

October 13, 2023

In recent months, Wellington County’s real estate market has undergone a significant transformation, shifting towards a more balanced state. This transformation can be attributed to a substantial surge in new property listings, coupled with a decline in the number of units sold. However, amidst these market fluctuations, average and median sale prices have managed to hold steady, underscoring the resilience of the local real estate sector……..Check in with Frances Snider Royal LePage Royal City Realty for all the details. … More Wellington County Real Estate: A Balancing Act in 2023

Wellington County Real Estate: Where Opportunity Meets Change

September 22, 2023

Imagine Wellington County as the stage for a thrilling real estate saga. The market remains an exciting seller’s realm this month, even though the inventory has surpassed last year’s levels. While both unit sales and sales volume have taken a dip compared to last month, they are still faring better than they were in August 2022. This tells us that the market is not in turmoil; rather, it’s simply taking its customary late-summer breather…….Check in with Frances Snider Royal LePage Royal City Realty for all the details. … More Wellington County Real Estate: Where Opportunity Meets Change

Unveiling Wellington County’s Real Estate Rhythm: July 2023 Market Groove!

August 11, 2023

Get ready for a real estate showcase like no other! Wellington County’s market is in the spotlight, proving that even amidst twists and turns, sellers remain the stars of the show. Dive into the captivating tale of July 2023, where sales surged, prices sashayed, and new listings vied for attention. The rhythm is strong, the numbers are in, and the stage is set for a mesmerizing performance in the world of real estate……Check in with Frances Snider Royal LePage Royal City Realty for all the details. … More Unveiling Wellington County’s Real Estate Rhythm: July 2023 Market Groove!

Mid Year Regional Real Estate Review

July 14, 2023

Wellington County real estate remains a seller’s market this month as a lack of inventory continues to push the market forward in this mid year review. The lower number of new listings is also holding back both unit sales and sales volume. However, for the first time in 2023, we are seeing both of these numbers rise above where they were this time compared to last year. …..Check in with Frances Snider Royal LePage Royal City Realty for all the details. … More Mid Year Regional Real Estate Review

Real Estate Round up for End of May 2023

June 12, 2023

Wellington County real estate remains a seller’s market this month as a lack of inventory gives the market a push. The lower number of new listings is also holding back both unit sales and sales volume. Despite this, we continue to see both average and median sale prices rise consistently for the past 3 months……Check in with Frances Snider Royal LePage Royal City Realty for all the details. … More Real Estate Round up for End of May 2023

26% of Canadians plan to purchase an investment property in the next 5 years

May 26, 2023

Despite higher borrowing costs in today’s post-pandemic real estate environment, the aspiration to own property for the purpose of investment remains strong. Twenty-three per cent of Canadians who do not own a residential investment property say that they are likely to purchase one in the next five years……Check in with Frances Snider Royal LePage Royal City Realty for all the details. … More 26% of Canadians plan to purchase an investment property in the next 5 years

End of April 2023 Wellington County real estate update

May 16, 2023

Wellington County real estate shifts into a seller’s market this month as a lack of inventory gives the market a bit of a push. The lower number of new listings is also holding back both unit sales and sales volume. Despite this, monthly average and median sale prices remain on a steady rise month to month……Check in with Frances Snider Royal LePage Royal City Realty for all the details. … More End of April 2023 Wellington County real estate update