1. Know Your Credit Score and Monitor It Regularly

Start by checking your current credit score and reviewing your credit report. Knowing where you stand helps you set realistic goals for improvement. Many banks, financial services, and credit bureaus offer free or low-cost credit monitoring, making it easy to track your score and get alerts on any changes.

2. Pay Your Bills on Time, Every Time

Payment history is one of the biggest factors in your credit score. Late payments can hurt your score significantly, so it’s essential to pay bills on time. If you have trouble keeping track, consider setting up automatic payments for consistent and timely payments.

3. Reduce Outstanding Debt

Credit utilization, or the amount of credit you’re using compared to your limit, is another key factor. Aim to keep your credit utilization under 30%. Start by paying down any existing credit card balances and, if possible, avoid making large purchases on credit cards during this period.

4. Avoid Opening New Credit Accounts

When you’re preparing to buy a home, avoid opening new credit accounts or taking on new debt. Each application for new credit causes a hard inquiry on your report, which can lower your score temporarily. Stick with the accounts you have until you’re in your new home.

5. Don’t Close Old Credit Accounts

The length of your credit history impacts your score. If you have older credit accounts in good standing, keep them open. This history of on-time payments can positively impact your score, showing lenders that you have a consistent and reliable credit history.

6. Dispute Any Errors on Your Credit Report

Errors on your credit report, such as incorrect account information or fraudulent charges, can harm your credit score. Regularly review your credit report for any inaccuracies and dispute them with the credit bureau if necessary. Clearing up errors can have an immediate positive impact.

7. Consider a Credit Builder Loan or Secured Credit Card

If you’re building credit from scratch or recovering from past issues, consider a credit builder loan or secured credit card. These are designed to help those with lower credit scores establish a positive payment history, which can raise your credit score over time.

8. Consider Rent-to-Own as a Path to Homeownership While Building Credit

If you’re working on improving your credit but still want to start the journey toward homeownership, a rent-to-own option could be a practical solution. In a rent-to-own agreement, you lease a property with the option to purchase it after a set period. This arrangement allows you to live in your desired home while you build credit and save for a down payment. Just ensure the contract terms are clear, and be aware that these agreements often include a premium fee added to rent payments, which can later be credited toward the purchase price. Rent-to-own can offer flexibility and a head start on homeownership, even if your credit isn’t perfect yet.

Why Improving Your Credit Score Matters When Buying a Home

The better your credit score, the better the mortgage terms you’re likely to receive. Buyers with high credit scores can qualify for lower interest rates, smaller down payments, and more favorable repayment terms. On a long-term investment like a home, these benefits can make a significant difference in overall affordability.

Building a strong credit score takes time and patience, but the effort is well worth it. If you’re considering buying a home in the near future, start implementing these strategies now to improve your financial standing. A solid credit score will help you get closer to securing the home of your dreams with favorable terms.

The post How to Build and Improve Your Credit Score Before Buying a Home appeared first on FINDLAY REAL ESTATE.

Are you seeking a sun-filled, comfortable townhouse with a peaceful atmosphere and thoughtful amenities? This beautifully maintained 3-bedroom, 2.5-bathroom townhouse at 151 Green Road South in Stoney Creek is a must-see. With modern finishes, privacy, and ample storage, it’s perfectly designed for convenient, family-friendly living in a desirable neighborhood.

Expansive Main-Level Walkout for Effortless Indoor-Outdoor Living

Step into the main level, where natural light abounds and flows seamlessly through the space. This inviting area opens to a private outdoor walkout with no front or back neighbors—offering a serene view and ample space for relaxing and entertaining outdoors.

Generously Sized Ensuite Bathroom for Added Luxury

The primary bedroom features a spacious ensuite bathroom, designed for both functionality and comfort. This private retreat allows for relaxation with all the necessary amenities at your fingertips, making it an ideal space for winding down after a busy day.

Oversized Garage with Ample Storage and Visitor Parking

Storage is a breeze with the oversized garage, offering plenty of room for vehicles, seasonal items, and personal belongings. Plus, with visitor parking right next to the unit, hosting family and friends is simple and convenient.

Low Condo Fees for Hassle-Free Living

Enjoy the perks of community living without the high costs. This townhouse comes with low condo fees at only $274 monthly, covering shared amenities and maintenance, so you can focus on enjoying your home without worrying about extra expenses.

Why Choose 151 Green Road South?

Located in a peaceful area of Stoney Creek, this townhouse is minutes away from local amenities, scenic parks, schools, and more. It’s perfect for families, professionals, or anyone looking for a low-maintenance home with high-quality living spaces.

Whether you’re relaxing on the private walkout, enjoying the spacious primary suite, or taking advantage of the oversized garage, this townhouse at 151 Green Road South has everything you need for modern, comfortable living. Interested in viewing this home? Contact Sean Findlay today to schedule a showing and make this property yours!

Sean Findlay, Realtor
Sales Representative
Century 21 Millennium, Brokerage

Contact Info: Office: 905-450-8300
Toll-Free Number: 1-888-450-8301
Email: sean.findlay@century21.ca

The post Featured Stoney Creek Home For Sale: 151 Green Rd South Stoney Creek, ON appeared first on FINDLAY REAL ESTATE.

Enhance Curb Appeal with Landscaping

First impressions are crucial when it comes to selling your property in the GTA. A well-maintained and attractive landscape can make a significant difference. Start with simple improvements like planting shrubs, adding colorful flowers, and updating your front yard lighting. These changes create a welcoming atmosphere and boost your home’s curb appeal. Consider adding a pathway or decorative elements to enhance the exterior further. A beautiful garden or well-designed front yard can capture the interest of potential buyers and make your home stand out in the competitive GTA market.

Upgrade Your Kitchen for a Modern Appeal

A kitchen renovation is one of the most impactful ways to increase your property’s value in the GTA. Modern kitchens are highly sought after and can significantly enhance your home’s appeal. Focus on updates such as new countertops, energy-efficient appliances, and stylish cabinetry. These improvements make your kitchen more functional and create a space that buyers find attractive and inviting. Investing in high-quality materials and contemporary designs can yield a strong return, as the kitchen is often considered the heart of the home.

Be Prepared for the Sale with the Right Moving Services

When you’re ready to make your property improvements and consider a move from Toronto, utilizing professional moving services can ease the transition. Reputable movers in Downtown Toronto help transport your belongings and offer packing and storage services tailored to your needs. Moving can be a stressful experience, but having experts handle the logistics can make all the difference. Choosing professional movers simplifies the process, allowing you to focus on enhancing your home’s value.

Improve Energy Efficiency to Cut Costs

Energy efficiency is becoming increasingly important to homebuyers in the GTA. Upgrading your home’s energy efficiency can significantly impact its value. Start with energy-efficient windows and doors, which help reduce heating and cooling costs while enhancing comfort. Proper insulation and an updated HVAC system can also lead to substantial savings on energy bills. Consider adding green certifications, highlighting your commitment to sustainability, and making your property more appealing to environmentally conscious buyers. These upgrades provide immediate cost savings and long-term value, making your home a smarter investment for the future.

Add More Living Space with a Basement Renovation

Transforming your basement into usable living space can significantly boost your property’s value in the GTA. A well-renovated basement can serve various purposes, such as a home office, guest suite, or entertainment area. Investing in quality finishes, proper insulation, and adequate lighting will make the space inviting and functional. This type of renovation not only increases the overall square footage of your home but also adds versatility, catering to a range of buyer preferences. With a well-designed basement, you can turn unused space into a valuable asset, enhancing your property’s appeal and market value.

Modernize Your Bathroom for a Fresh Look

Updating your bathroom can significantly affect your property’s value in the GTA. Focus on modernizing key features like fixtures, tiles, and vanities. Stylish, contemporary designs can create a fresh, inviting space that appeals to buyers. Consider updating new faucets, showerheads, and lighting to enhance functionality and aesthetics. Investing in high-quality materials and finishes improves the look of your bathroom and adds to your home’s overall value. A well-designed, modern bathroom can make a strong impression and increase your property’s attractiveness in a competitive market.

Boosting Property Value in GTA with Smart Home Technology

Incorporating smart home technology can significantly enhance your property’s appeal in the GTA. Installing smart thermostats, security systems, and lighting adds modern convenience and boosts your home’s functionality. These upgrades attract tech-savvy buyers who value the ease of controlling their home’s environment remotely. Increasing property value and appeal can outweigh the cost of adding smart features. By integrating these technologies, you position your home as a forward-thinking choice in a competitive market, making it more desirable and potentially profitable.

Fresh Paint and Flooring for a Revitalized Space

Updating your home with fresh paint and new flooring can be a straightforward way to increase its appeal and value in the GTA. A new coat of paint can instantly refresh a room, making it look brighter and more inviting. Choose neutral, modern colors that appeal to a wide range of buyers. When it comes to flooring, consider updating to hardwood, laminate, or stylish tiles that offer durability and visual appeal. High-quality flooring options can enhance your home’s overall look and feel, making it more attractive to potential buyers. Investing in these updates effectively boosts property value in GTA and ensures your home stands out in a competitive market.

Enhance Storage Solutions for Better Functionality

Improving storage solutions can significantly impact your home’s value in the GTA. Effective storage not only keeps your space organized but also enhances its functionality. Add built-in shelves, cabinetry, or closet organizers to maximize available space. Well-designed solutions, like custom closets or attic and basement conversions, can make your home feel larger and more usable. These upgrades appeal to buyers who value functionality and efficient use of space. By maximizing your home’s storage, you’re making it more attractive and practical for potential buyers.

Invest in Professional Staging for a Polished Look

Professional staging can significantly impact your property’s appeal and value in the GTA. Staging highlights your home’s best features and helps potential buyers visualize living there. Focus on key areas such as the living room, kitchen, and bedrooms to create a cohesive and inviting atmosphere. A well-staged home can make spaces look larger, more functional, and stylish. While staging comes with an expense, it can lead to a quicker sale and potentially higher offers. By investing in professional staging, you’re enhancing your home’s presentation and boosting property value in GTA, ensuring it stands out in a competitive market.

Conclusion

Investing wisely in your property can significantly impact the GTA market. Thoughtful upgrades and enhancements not only improve your home’s appeal but also contribute to boosting property value in GTA. With each strategic improvement, you’re setting the stage for a more attractive and competitive property. Embrace these opportunities to create a home that truly stands out and delivers great returns.

Thinking about selling? Contact Us For A Free Seller or Buyers Consultation!

Call realtor Sean Findlay at 416-996-0054 or email sean.findlay@century21.ca

The post Best Investments for Boosting Property Value in GTA appeared first on FINDLAY REAL ESTATE.

Are you searching for a modern and serene condo with stunning lake views? Look no further than 560 North Service Rd in Grimsby. Priced at $449,000, this bright and airy 1-bedroom + den, 2-bathroom condo offers the perfect combination of convenience and luxury living.

Prime Location in Grimsby

Built in 2020, this condo is ideally situated just minutes from the QEW, making commuting a breeze. It’s only 2 minutes to the GO Bus Station, with easy access to nearby shopping, schools, restaurants, parks, and waterfront walking trails. This prime location offers both tranquility and accessibility, giving you the best of both worlds.

Open Concept Living with Modern Finishes

Step inside the open-concept living area and be greeted by the bright, spacious design. The kitchen is a chef’s dream, featuring quartz countertops, rich mocha cabinetry with a floor-to-ceiling pantry, and stainless steel appliances, including a built-in over-range microwave. The eat-in kitchen seamlessly flows into the cheerful living room, where wall-to-wall windows flood the space with natural light.

From here, step out onto the 20′ north-facing balcony and enjoy breathtaking views of Lake Ontario. The perfect spot to relax and unwind while soaking in the serene surroundings.

Spacious Bedroom and Functional Den

The bedroom suite is a true retreat, with huge windows overlooking the lake, a walk-in closet, and a 4-piece ensuite bathroom. The den offers additional flexibility—ideal as a home office or guest room. A coat closet with mirrored doors, powder room, and in-suite stacking laundry complete the functional layout.

Building Amenities and Extras

Living at 560 North Service Rd comes with access to fantastic amenities, including a rooftop garden and patio area with barbecues, a party room, common room, exercise room, media room, and more. The condo also comes with an owned parking space and a storage locker.

Condo fees cover heating and cooling, building insurance, common elements, exterior maintenance, parking, and water, ensuring a low-maintenance lifestyle.

Take a Tour Today

Don’t miss out on this incredible opportunity to own a beautiful lakeview condo in Grimsby for just $449,000. Contact Realtor Sean Findlay to schedule a showing and make this beautiful condo your new home!

Contact Info:
Office: 905-450-8300
Toll Free Number: 1-888-450-8301
Email: sean.findlay@century21.ca

The post Featured Grimsby Condo for sale: 560 North Service Rd Grimsby, ON appeared first on FINDLAY REAL ESTATE.

1. Not Getting Pre-Approved for a Mortgage

• The Mistake: Many first-time buyers start shopping for homes without knowing how much they can afford, leading to disappointment or wasted time.
• How to Avoid It: Get pre-approved for a mortgage before you start looking. This will give you a clear budget and make you a more attractive buyer to sellers.

2. Overlooking Additional Costs

• The Mistake: Buyers often focus solely on the home’s purchase price, forgetting about additional costs like property taxes, insurance, maintenance, and closing fees.
• How to Avoid It: Budget for the total cost of homeownership, including utilities, repairs, and unexpected expenses.

3. Skipping the Home Inspection

• The Mistake: Some buyers skip the home inspection to save money or to speed up the process, only to discover costly issues later.
• How to Avoid It: Always hire a professional home inspector to uncover potential problems, even if the home looks flawless at first glance.

4. Not Considering the Resale Value

• The Mistake: Buyers may focus too much on their current needs without considering how easy it will be to sell the home in the future.
• How to Avoid It: Look for homes in desirable neighborhoods and consider factors like school districts, local amenities, and market trends to ensure the home holds or increases its value over time.

5. Being Swayed by Emotions

• The Mistake: Falling in love with a home can lead buyers to overlook serious issues or stretch their budget beyond what’s comfortable.
• How to Avoid It: Stay objective and stick to your budget. If a home has major flaws or is out of your price range, walk away—even if it feels like “the one.”

6. Not Shopping Around for a Mortgage

• The Mistake: Many first-time buyers go with the first mortgage offer they receive, potentially missing out on better rates or terms.
• How to Avoid It: Shop around for mortgage offers from different lenders. Even a slightly lower interest rate can save you thousands over the life of the loan.

7. Ignoring First-Time Buyer Programs

• The Mistake: Some buyers aren’t aware of special programs designed to help first-time buyers with down payments, closing costs, or lower interest rates.
• How to Avoid It: Research first-time home buyer programs in your area. Many offer grants, tax incentives, or reduced mortgage insurance, making homeownership more affordable.

8. Forgetting About the Future

• The Mistake: First-time buyers may choose a home that fits their current lifestyle but doesn’t account for future changes, such as starting a family or working from home.
• How to Avoid It: Think long-term. Consider how your needs might change in the next 5–10 years and choose a home that can accommodate those changes.

9. Making Big Financial Changes Before Closing

• The Mistake: Some buyers make significant financial decisions, like buying a car or changing jobs, right before closing, which can disrupt their mortgage approval.
• How to Avoid It: Avoid making any major financial changes or large purchases until after the home purchase is complete. Lenders may recheck your finances right before closing.

10. Not Hiring a Real Estate Agent

• The Mistake: First-time buyers sometimes attempt to navigate the home-buying process alone, missing out on the expertise and negotiation skills a real estate agent offers.
• How to Avoid It: Work with an experienced real estate agent who knows the local market and can guide you through every step of the process, from home tours to closing.

Final Thoughts

By avoiding these top mistakes first-time home buyers make you’ll be better prepared to navigate the home-buying process and make informed decisions that lead to a successful purchase. Take your time, do your research, and rely on experts to help you along the way, and you’ll soon be on your way to owning your dream home!

Thinking about buying a house or condo? Book a free home buyers consultation today with Realtor Sean Findlay call 905-450-8300 or Text 289-236-2462.

The post Top 10 Mistakes First-Time Home Buyers Make (And How to Avoid Them) appeared first on FINDLAY REAL ESTATE.

As we enter September 2024, Hamilton’s real estate market shows a balanced performance, offering opportunities for both buyers and sellers. Here’s an overview of what’s happening across the city.

Hamilton Market Overview

• Average Home Price: The average price for a home in Hamilton is currently $760,000, reflecting a 1.5% increase from August. This moderate price rise indicates ongoing demand, especially in more affordable neighborhoods. Hamilton Market Watch: Real Estate Housing Update September 2024 highlights that despite these increases, the market remains accessible to a range of buyers.
• Inventory: There has been a 5% increase in listings, giving buyers more choices in both the detached and condo markets. This rise in inventory is softening competition slightly, making it easier for buyers to find homes without entering bidding wars.
• Days on Market: Homes in Hamilton are currently averaging 19 days on the market, a slight uptick from the previous months but still relatively quick for the region.

Key Market Trends

• Affordable Housing: Hamilton continues to attract first-time buyers due to its relatively affordable home prices compared to the GTA. Hamilton Market Watch: Real Estate Housing Update September 2024 points out that areas such as East Hamilton and Crown Point are seeing increased activity, with home prices remaining below the city average.
• Luxury Market: Higher-end homes in neighborhoods like Ancaster and Dundas remain in demand, with prices surpassing $1.4 million. Buyers in this segment are looking for properties with large lot sizes, premium finishes, and proximity to nature, making these neighborhoods prime targets for affluent homebuyers.
• Condo Market: The condo market in Hamilton is holding steady, with average prices around $450,000. This segment is attracting both young professionals and retirees looking for low-maintenance living. However, Hamilton Market Watch: Real Estate Housing Update September 2024 notes that sellers need to remain competitive with pricing due to increased condo listings.

Hamilton Neighborhood Spotlight: Westdale

Westdale has emerged as a thriving area for both families and investors. With its proximity to McMaster University and charming neighborhood feel, homes here average around $800,000. Properties in this area tend to sell quickly due to high demand for rental properties and family homes.

Looking Ahead

As we move into the fall market, Hamilton Market Watch: Real Estate Housing Update September 2024 forecasts steady price growth, with the market remaining favorable for both buyers and sellers. While inventory levels are rising, homes that are well-priced and move-in ready will continue to sell quickly.

Whether you’re buying or selling in Hamilton, the market remains vibrant, with a variety of opportunities depending on your goals.

*Stats from Toronto Regional Real Estate Board (TRREB)

Contact Realtor Sean Findlay for a Free Home Buyers Consultation

Planning to buy a home in Hamilton or surrounding area? Contact Realtor Sean Findlay today at 416-996-0054 for a free home buyers consultation, and let’s map out your home-buying journey together. I’ll help you navigate the process with confidence and ensure you’re fully prepared for every step along the way.

Let’s make home ownership a smooth and exciting experience! Reach out today to get started.

The post Hamilton Market Watch: Real Estate Housing Update September 2024 appeared first on FINDLAY REAL ESTATE.

The Stoney Creek real estate market is showing a balanced and steady performance as we move through September 2024. Here’s an overview of what to expect in the coming weeks:

Market Overview

• Average Home Price: The average home price in Stoney Creek currently stands at $880,000, reflecting a 2% decrease from last month. This slight dip is typical as we transition from the busy summer months, offering potential buyers an opportunity to enter the market.
• Inventory Levels: Inventory has increased by 8%, giving buyers more options, especially in the detached and townhome segments. Stoney Creek Market Watch: Real Estate Housing Update September 2024 notes that the additional supply is helping to balance out demand, providing some relief for those previously facing bidding wars.
• Days on Market: Properties are averaging 21 days on the market, with homes that are priced competitively moving more quickly. This is a shift from the shorter market times we saw earlier in the year.

Key Market Trends

• Detached Homes: Stoney Creek remains a hotspot for families looking for more space, particularly in areas like Winona and Lake Pointe. Detached homes are in high demand, with prices averaging $925,000, though more buyers are taking their time with decisions as inventory grows.
• Townhomes & Condos: Townhome and condo sales are steady, with prices hovering around $650,000. First-time buyers and downsizers are fueling this segment, but Stoney Creek Market Watch: Real Estate Housing Update September 2024 suggests that sellers need to remain competitive with their pricing strategies as the market adjusts.
• Luxury Market: Higher-end properties priced over $1.5 million are still seeing interest, particularly in areas with waterfront views and larger lot sizes. Buyers are becoming more selective, but properties with premium features continue to attract attention.

Stoney Creek Neighborhood Spotlight: Lake Pointe

The Lake Pointe community continues to shine, with homes averaging $900,000. Its close proximity to the waterfront, easy access to highways, and peaceful setting make it a popular choice for buyers. Stoney Creek Market Watch: Real Estate Housing Update September 2024 highlights Lake Pointe as a key area to watch, as properties here tend to sell faster than the Stoney Creek average.

Looking Ahead

As we move into the fall market, Stoney Creek Market Watch: Real Estate Housing Update September 2024 predicts a continued stabilization of home prices, with buyers gaining more negotiating power in certain segments. Sellers should be prepared for slightly longer market times but can still achieve competitive pricing with the right strategies.

Whether you’re buying or selling in Stoney Creek, now is a good time to assess your options and make informed decisions based on current market conditions.

*Stats from Toronto Regional Real Estate Board (TRREB)

Have any questions about the Stoney Creek Real Estate Market? Contact Realtor Sean Findlay at 905-450-8300 or Fill The Form Below!

The post Stoney Creek Market Watch: Real Estate Housing Update – September 2024 appeared first on FINDLAY REAL ESTATE.

Buying a home is a monumental step, especially for first-time buyers and newcomers. According to the 2024 CMHC Mortgage Consumer Survey, 63% of homebuyers expressed concerns about purchasing a home, with many encountering common unexpected expenses for first-time buyers. These surprises can cause stress, but with the right planning, you can confidently navigate the home-buying process and avoid financial pitfalls.

Common Unexpected Expenses for First-Time Buyers

While budgeting for a down payment and mortgage payments is crucial, many first-time buyers overlook additional costs that can arise during the home-buying journey. Here are some common unexpected expenses for first-time buyers and tips on how to prepare for them:

1. Home Inspection and Appraisal Fees These essential services ensure the home is in good condition and that the price reflects its value. Home inspections typically range between $300 and $500, while appraisals may cost up to $400. Ensure these costs are factored into your budget from the start.
2. Closing Costs Closing costs can add up to 2-5% of your home’s purchase price and may include legal fees, land transfer taxes, and title insurance. Preparing for these fees ahead of time will prevent any last-minute financial stress.
3. Property Taxes After buying your home, property taxes become a regular expense. It’s important to understand the tax rates in your area and whether taxes will be paid through your mortgage or directly to the municipality.
4. Moving Costs Many first-time buyers underestimate the cost of moving. Whether you hire professional movers or rent a truck and do it yourself, make sure to include this expense in your overall budget.
5. Immediate Repairs or Upgrades Even with a thorough inspection, some repairs or upgrades may be necessary soon after moving in. It’s always a good idea to have an emergency fund set aside for any unexpected maintenance, particularly for older homes.
6. Furniture and Appliances New homeowners often find they need additional furniture or appliances for their new space. Whether it’s a new couch or upgrading the washer and dryer, these costs can add up quickly.

How to Plan for the Unexpected

1. Budget for Additional Costs Beyond your down payment and monthly mortgage, create a budget that includes estimated costs for inspections, closing, and any other potential expenses.
2. Build an Emergency Fund It’s always a good idea to have an emergency fund in place before purchasing a home. Aim to save at least 3-6 months’ worth of living expenses to cover any surprises during the process.
3. Get Professional Guidance Working with a trusted real estate agent and mortgage professional will give you insights into local fees and help you estimate costs more accurately.
4. Consider Homebuyer Programs First-time homebuyers may qualify for various assistance programs that can offset costs. Research options like down payment assistance, tax credits, or first-time buyer grants.

Contact Realtor Sean Findlay for a Free Home Buyers Consultation

Buying a home may come with common unexpected expenses for first-time buyers, but with proper planning and guidance, you can avoid financial surprises and make your dream home a reality. Contact Realtor Sean Findlay today at 416-996-0054 for a free home buyers consultation, and let’s map out your home-buying journey together. I’ll help you navigate the process with confidence and ensure you’re fully prepared for every step along the way.

Let’s make home ownership a smooth and exciting experience! Reach out today to get started.

The post Common Unexpected Expenses for First-Time Buyers appeared first on FINDLAY REAL ESTATE.

As we move into September, the Oakville real estate market remains active, with a few key trends shaping the landscape. Here’s a breakdown of what’s happening in Oakville:

Market Overview

• Average Home Price: The average price for a home in Oakville has reached $1.75 million, holding steady as both buyers and sellers adjust to the current market conditions. This figure reflects a stable demand across various property types, from detached homes to townhomes.
• Inventory Levels: There’s been a 6% increase in inventory compared to last month, offering buyers more options. While some areas remain competitive, the additional listings have helped to balance supply and demand.
• Days on Market: Homes are averaging about 28 days on the market, a slight increase from August, signaling a more cautious approach from buyers as interest rates remain steady.

Key Market Trends

• Luxury Homes: Oakville’s luxury market continues to thrive, with properties priced over $3 million seeing consistent activity. High-end buyers, especially those relocating from Toronto, are drawn to Oakville’s waterfront estates and prestigious neighborhoods such as Morrison and Old Oakville.
• Condo Market: Condo sales have been more moderate, with an average price of $750,000. Demand for condos is primarily driven by downsizers and first-time buyers, though the market remains slower compared to detached homes.
• Buyer Behavior: Many buyers are adopting a wait-and-see approach, particularly with potential changes in interest rates looming. However, motivated buyers are still finding opportunities in Oakville’s market.

Neighborhood Spotlight: Joshua Creek

Joshua Creek continues to be a sought-after area, with homes averaging $1.9 million. Proximity to top-rated schools and the convenience of easy highway access make this neighborhood a favorite among families and professionals. Oakville Market Watch: Real Estate Update September 2024 highlights Joshua Creek as a key area to watch for continued growth.

What to Expect Moving Forward

As we enter the fall market, Oakville Market Watch: Real Estate Update September 2024 suggests that prices will likely remain steady, with slight fluctuations depending on neighborhood demand and property type. Buyers may find more negotiating power, particularly with homes that have been on the market for longer periods.

If you’re planning to buy or sell in Oakville, now is a great time to act, as the market is expected to shift again by year-end. Stay tuned for more insights in future Oakville Market Watch updates!

*Stats from Toronto Regional Real Estate Board (TRREB)

Have any questions about the Oakville Real Estate Market? Contact Realtor Sean Findlay at 905-450-8300 or Fill The Form Below!

The post Oakville Market Watch: Real Estate Market Update – September 2024 appeared first on FINDLAY REAL ESTATE.

As we step into the fall season, Burlington’s real estate market is showing some interesting trends. Here’s a snapshot of the current market:

Burlington Real Estate Market Activity

• Average Home Price: The average home price in Burlington is sitting at approximately $1.15 million, slightly down from the summer months as we enter a more balanced market.
• Inventory: Inventory levels have increased by about 10%, offering more options for buyers, particularly in the detached and semi-detached home categories. More homes on the market means less competition for buyers, but it’s still competitive in the higher-end and luxury segments.
• Days on Market: Homes are staying on the market for an average of 24 days, up from 18 days in August. This slower pace may signal that sellers need to be more strategic with pricing and presentation to attract serious buyers.

Key Market Trends in Burlington, Ontario

• Condo Market: Condos in Burlington are seeing a surge in activity as buyers seek affordable options. The average price for a condo has risen to $670,000, reflecting strong demand from first-time buyers and downsizers.
• Interest Rates Impact: The recent pause in interest rate hikes has stabilized buyer activity. Many potential buyers who were waiting on the sidelines due to rising borrowing costs are now taking action, leading to increased showings and offers.
• Luxury Market: Properties over $2 million continue to attract buyers, particularly from Toronto and international investors seeking more space without sacrificing proximity to the GTA. Burlington’s waterfront properties and high-end homes in the Aldershot and Tyandaga neighborhoods remain top choices.

Burlington Neighborhood Spotlight: Aldershot

Aldershot is emerging as a hotspot for luxury home buyers and investors. New developments, proximity to the waterfront, and easy access to major highways are drawing attention to this part of Burlington. The average home price in Aldershot has now reached $1.75 million, with detached homes in high demand.

Looking Ahead

As we move through September, expect a continued cooling in price growth but steady buyer activity, particularly in the more affordable segments of the market. Sellers may need to adjust pricing strategies to remain competitive, while buyers are encouraged to take advantage of the current inventory levels before potential interest rate changes later in the year.

Stay tuned for further Burlington Real Estate Market Updates as we monitor the September 2024 market through the fall season. If you’re looking to buy or sell in Burlington, now is a great time to strategize and make your move!

*Stats from Toronto Regional Real Estate Board (TRREB)

Have any questions about the Burlington Real Estate Market? Contact Us Using The Form Below!

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