This is what we have been waiting for! This is the second month in a row that the Niagara Region has seen an increase in sales and new listings. After 6 months of record-low activity and consumer uncertainty, Buyers and Sellers are finally coming out of the woodwork and confidence in the market has improved. With back-to-back decisions from the Bank of Canada to hold rates for now, and the fact that most Buyers have realized prices stopped falling, we are seeing activity ramp up and even the occasional multiple offers again on well-priced new listings. Even though Buyers might be paying a bit more this month, this is reassurance that their investment is heading in the right direction again.  

The big question everyone is asking… will the bidding wars come back and are prices going to spike again. I wish I had the DeLorean time machine from Back to the Future and could arrive in 2024 and come back to provide answers! We will say there is a 6-month pent-up demand of Buyers that is resurfacing, interest rates have finally stopped climbing, the fixed rates have actually come down, and prices have corrected. As inflation continues to soften, the rates should begin to lower this year. The lowest 5-year fixed rate available in Canada is in the mid 4% range. This is all great news. For Sellers, pricing listings properly is crucial. We are still seeing some Sellers’ listing at last year's prices, and they will surely not sell and will have to do multiple price decreases. Educated, motivated Sellers are pricing correctly and Buyers will steer in their direction. 

The next 60 days will tell us a lot. Will the inventory increase enough for the growing demand? Will conditions remain balanced? We will certainly keep you updated. As always if you have any questions please reach out to your Barry Team representative. We are always here to help!

Emily and Joe Barry 

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Considering a move at any time can be emotional as well as stressful and we at The Barry Team understand that a Downsizing move can be one of the most difficult of all

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Steve Bergen has been an honorary member of The Barry Team for as long as we can remember! As the husband of our stager / event planner / team Mom, Steve is always getting roped into our crazy team adventures! Whether hammering in a sign in solid frozen ground, putting together the latest piece of furniture we “needed” for the office, toting around staging and helping hang artwork or transporting 100+ pies on Thanksgiving, Steve is always ready to lend a hand! Over the years Steve has become a great friend to Emily and Joe and we are forever grateful for all the little extras Steve helps out with.

We don’t know what we would do without you Steve, thank you for being a part of the Barry Team family! 

On Sunday, April 16th it was our sincere pleasure to host some of our loyal clients at Landmark Cinemas! Together we laughed over Mario and Luigis latest adventure and had our fill of yummy popcorn! It was a true joy to see the excitement on all of the children’s faces as they left the theatre but the biggest thrill of all was seeing the pure nostalgia on all the parents faces as they reminisced their hours spent playing Nintendo! We thank you all for joining us and your support and referrals over the years. You truly are the forefront of our business!

We hope you will join us in supporting our team member Mathew Vecia as he prepares to walk 5km’s for Heartache2Hope. Heartache2Hope is the only organization in Ontario providing a comprehensive program of supportive services aimed at reducing the impact and long-term effects of a suicide loss. Passionate about mental health, Mathew aims to bring awareness and much needed support to this vital organization. We are so proud of Mathew and wish him the best on his walk.

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