JANUARY 2024 – NIAGARA REGIONAL HOUSING STATS


Both by(Month vs Month) & (Year vs Year)- Niagara Region.

You will notice (Month vs Month) has DECREASED SLIGHTLY (0.1%) in price, however Year vs Year there is a (1.7%) DECREASE in SALE PRICE. UNIT SALES are UP(month over month) by 37.3 & UP(year over year) by 18.2% & New Listings INCREASED by 14.4% (year over year) & LARGE INCREASE BY 141% (month over month), NEW LISTINGS are still outpacing MONTHLY SALES by over 2-1 Margins With the milder weather this winter it has many putting their homes on earlier than expected and people are out shopping. BANK OF CANADA now hinting at delaying cuts due to inflation still as well. However we are seeing some banks reduce their Fixed Rates slightly