What's Happening In Hamilton's Real Estate Market | Buy Now or Wait??

[@CanadianRealEstateChannel]

Thanks for providing such valuable insights!

[@paulg8398]

Yes, keep trying to drum up the FOMO with the "Waterfall of Buyers" in Spring lmao

[@LivingInHamiltonOntarioCanada]

Hey, I totally get where you're coming from but in the video, I actually focus on how the best time to sell really depends on your personal lifestyle and needs. That being said, a lot of buyers I talk to are waiting for Spring, especially with the possibility of interest rates dropping, which could fuel more activity. Spring is always the busiest season in real estate, and considering that August is historically slow (and this past August was the slowest in 10 years), it’s not far-fetched to expect an increase in buyer demand. Appreciate the comment!

[@coolneter1]

You are right. What a crock of shit -- Was the worst August and will be the worst spring in a decade too. Inventory is going to get to a scary level by Spring and those buyers will have much more buying power.

[@travikumar18]

Awesome! Thanks for your perspective😊

[@LivingInHamiltonOntarioCanada]

@@travikumar18 your welcome! glad you found it helpful!

[@bayindir06]

Income income income, that will be the key factor to support housing. Others are just gambling.

[@SarahPierson-sp2sl]

It is not only interest rate based. The lag is about two years once the BOC starts cutting. That means layoffs and unemployment may continue to rise for another couple of years. Many will be keeping this in mind. Also, with a substantial number of people having to renew, even with rates going down, they will have to sell. The cost of living is just too high.

[@LivingInHamiltonOntarioCanada]

Thanks for your comment! You're absolutely right-it's not just about interest rates, and the lag in economic impact could bring more challenges like rising unemployment. And with so many people needing to renew their mortgages at higher rates, we could see more forced sales, which would likely add more supply to the market. I think we’ll see this across all property types, but condos might be hit the hardest, especially with the number of new builds set to finish construction in the GTA. It’s definitely something to keep in mind as we look ahead.