MARCH 2024 - STATS FOR NIAGARA REGION
Both by (Month vs Month) & (Year vs Year)- NIAGARA REGION.
You will notice (Month vs Month) has INCREASED SLIGHTLY 2.2% in price, however Year vs Year there is a (1.0%) DECREASE in SALE PRICE. UNIT SALES are UP(month over month) by 6.6% & DOWN(year over year) by (1.3%) & New Listings INCREASED by 11.6% (year over year) & INCREASE BY 8.8% (month over month), NEW LISTINGS are still outpacing MONTHLY SALES by over 2-1 Margins. BANK OF CANADA held rates again at their last meeting at 5% and still hinting they may start to reduce rate later in the spring. However Inflation was up again in March mainly driven by Fuel & Interest Rates on Mortgages. However, banks have made efforts to try to reduce their fixed rates slightly.
