NEW LISTINGS RISE, WHILE HOME SALES DECLINE IN WATERLOO REGION
WHAT IMPACT WILL TARIFFS HAVE IN THE UPCOMING MONTHS
While February’s home sales were affected by concerns over tariffs and their potential impact on employment, the market showed some encouraging signs. We saw a steady increase in new listings while prices remained stable,” notes Christal Moura, spokesperson for the Waterloo Region market. “The month’s significant snowfall created practical challenges for buyers and sellers, affecting property viewings and transactions. However, I am seeing positive indicators in the market, with consistent attendance at open houses, pre-listing appointments, steady mortgage pre-approvals, and buyers on the sidelines carefully watching for the right opportunity to make their move.
As we navigate these shifting dynamics in the Waterloo Region housing market, it’s important to remember that while sales may be down, the increase in inventory reflects growing opportunities for buyers, said Moura.
The Bank of Canada has scheduled it’s next financial report and rate announcement for March 12th 2025. According to TD Economist Derek Burleton, the Bank of Canada is likely to cut its lending rate at the upcoming announcement by 25 basis points.