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Writer's pictureLeigh Ann Stapleton

February Residential Market Update

Updated: Apr 3

February Residential Market Update

February brought a mixed bag to the residential housing market. Haldimand County saw a bit of a slowdown from last year, while Niagara North and Burlington were on a roll, balancing things out. Overall, sales are up by 9% compared to last year. New listings were strong, with 1,489 properties coming onto the market, marking a significant 23% jump from the previous year. This increase has given buyers more options, nearly 18% more than last year, across all price ranges.


The market is holding steady with a healthy amount of supply, and a consistent sales-to-new listings ratio of 57% suggests a balanced market. Heading into spring, the benchmark home price has nudged up to $835,900, maintaining a stable position year-on-year. The market's shaping up to stay steady as the seasons change.


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*Data includes detached homes, semi detached homes, town homes, apartments, and mobile homes.


The content provided is informational and should not be considered as financial or legal advice. It is not a substitute for seeking professional guidance from qualified financial or legal experts.

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