The beginning of a new year should bring big things! If moving is on your to do list, it’s important to stay informed on the real estate market so you can make the best decision possible for your future.

Don’t wait to buy
If you’re looking to buy a home in the Hamilton area, my advice is simple – don’t wait. Too often, buyers will sit back and take too much time deciding if it’s the right time to buy. They might contemplate whether it would be better to wait for a specific season or even a month of the year. However, this often backfires, leading to spending even more for a property than they would have if they’d jumped on the existing market opportunities months prior. The bottom line is, if you’re looking for a home, there will never be as good a time as now to make the purchase.

Prices will continue to rise with a growing population
The entire six regions of the province are expected to see growth over the next few years – 2022 included – and the Hamilton area is no exception. Ontario as a whole is expected to increase in size by almost 5.3 million by 2046, according to the provincial government’s population projections report. The projected population growth means more people will be looking for housing in the province, putting a consistent pressure on prices.

Mortgage rates will also increase
Although during the pandemic mortgage rates have fallen giving home buyers an advantage, that’s not expected to last. As the economy continues to make a recovery and people settle in back to work, mortgage rates will rise to reflect that. Unfortunately that means that if you’re purchasing a home in the Hamilton area, you’ll end up paying more.

Purchase a home before prices rise even more
With home prices looking like they will be rising in 2022, we want to help make sure you purchase your dream home in the Hamilton area before they go up. With an excellent selection of local cuisine and a number of places to relax and unwind outdoors including parks, hiking trails and waterfalls, Hamilton is a wonderful place to make your home.

Choose knowledge and experience
When you work with us, you’re choosing experience. Finding our clients their dream homes has always been a passion of mine, and I will work to make sure it’s a stress-free process for you from start to finish.

Contact me today to get started
I would love to hear from you and help you get started on your journey to finding your dream home. You can contact our office today at 905-385-9200, or through our website here: https://gregdedenus.com/contact/