This summer felt like a reset in more ways than one. Between a busy season with my young family, an impromptu trip to Europe (where I discovered just how charmingly crooked Amsterdam’s houses truly are!), and some peaceful beachside moments that inspired our Behind Sherkston Shores story, I was reminded that change, whether personal or market-related, always brings fresh perspective.
Hamilton & Burlington:
In September, the Hamilton–Burlington region recorded 773 home sales, slightly higher than August and last year. Inventory remains elevated, giving buyers more choice and negotiation power, while the benchmark price hovered around $753,000, roughly 9–10% below last year. Homes are taking longer to sell as buyers weigh options and watch rates.
August saw 757 sales and 1,601 new listings, keeping the sales-to-new-listings ratio near 47 percent, a buyer-friendly balance. July was the busiest, with 886 sales, up 5.5% from last year.
Niagara:
Niagara followed a similar trend. September saw 500 homes sold, just below August’s 541, with 1,738 new listings offering plenty of choice. Homes took an average of 47 days to sell, and the benchmark price dropped to $595,800, a 2.3% dip from August. Detached homes settled in the low $600,000s, with townhomes and condos slightly lower.
Across Burlington, Haldimand, Hamilton, and Niagara, buyers have time, options, and leverage. Sellers, meanwhile, must be realistic, with well-cared-for homes, polished presentation, and accurate pricing to stand out. Overpriced or poorly maintained listings linger and ultimately sell for less, proving that first impressions have never mattered more.
Interest Rates & What’s Ahead:
Rates continue to shape buyer activity. In mid-September, the Bank of Canada lowered its overnight rate by 25 basis points to 2.50 percent, the first cut since March. Economists predict another reduction or two by early 2026 if inflation remains in check.
Lower rates may revive buyer confidence, but many homeowners renewing in 2025 or 2026 will face higher payments, especially those who bought at peak prices. Most were stress-tested under higher rates, which should soften the impact.
Looking Ahead:
The third quarter shows a market stabilizing. Buyers have more power, sellers need strategy and patience, and well-presented homes capture attention. As fall unfolds, modest increases in buyer activity are expected, especially as rates ease and families aim to settle before year-end. Maybe it’s the Libra in me talking, but this balanced market feels just right.
Out-of-the-box thinking, drive, and heart bring the happiest buyers and sellers together.
Thinking about making a move? Now’s the perfect time to start the conversation. Let’s create your next sweet success story together!