THE MARKET UPDATE WITH PETER KOSTECKI
Despite two years of rising interest rates, the Bank of Canada finally cut the key rate by 0.25% on June 5th, as we predicted would happen (shorturl.at/V39OP). This is the first rate reduction in four years!
Last month saw a dip in property sales, with condos being hit the hardest. The condo market is flooded, making it tough for sellers - especially those with smaller units.
Join us for this month's Real Estate Market Update, where we crunch the numbers and offer valuable insights for both buyers and sellers. Stick around until the end (03:31) to catch Peter's expert advice!
Chapters:
Intro 00:00
Rate Cuts 00:17
May Recap 00:55
Total Sales 01:06
Sale Prices 01:42
Volume 02:26
Peter's Two Cents 03:31
Advice for Buyers 05:35
Advice for Sellers 05:52
We compile our market updates using data sourced from the Waterloo Region Association of REALTORS®. For additional details, please visit wrar.ca
Check out our Stunning Homes playlist here: • Stunning Homes
***
Want to find The Kostecki Real Estate Group elsewhere on the internet?
Instagram - / kosteckirealestate
Facebook - / peterkosteckirealestate
Our Website: www.Kostecki.ca
__
[JUNE 2024] Real Estate market update for Waterloo Region, Kitchener Waterloo real estate market, Ontario housing market update, Kitchener-Waterloo property trends, Home prices in Kitchener Waterloo, Real estate market analysis, Housing market statistics in Waterloo Region, Property market insights in Waterloo Region, Kitchener Waterloo housing demand, Ontario real estate outlook 10. Buyer's market vs. seller's market Investment opportunities in Kitchener-Waterloo, Housing inventory in Kitchener Waterloo, Renting vs. buying in KW region, Mortgage rates in Ontario 15. Economic factors affecting real estate in Waterloo Region