The world is shifting fast, and while international events may feel distant, they often have a direct impact on real estate here in Niagara.
Here’s what’s happening right now that could affect your buying or selling decisions:
1. U.S. Tariffs on Steel & Aluminum
The U.S. has announced new 25% tariffs on steel and aluminum imports, which could affect construction costs and home pricing. New builds may get more expensive, pushing more buyers toward resale homes.
2. Interest Rate Fluctuations
With recent shifts in Bank of Canada rates, mortgage lenders are adjusting their strategies. What you qualify for today may be different in just a few months.
3. Changing Buyer & Seller Patterns
As market conditions shift, buyers and sellers are making decisions differently. Some are moving faster to lock in prices, while others are waiting for more certainty.
The Smartest Approach? Be Proactive.
Real estate success is about strategy, not reaction. Whether you're buying or selling, having a clear plan based on facts, not fear, makes all the difference.