Rates Cut by 0.25% - June 2024 Buyer & Seller Advice - Kitchener-Waterloo Real Estate Market Update

THE MARKET UPDATE WITH PETER KOSTECKI

Despite two years of rising interest rates, the Bank of Canada finally cut the key rate by 0.25% on June 5th, as we predicted would happen (https://shorturl.at/V39OP). This is the first rate reduction in four years!

Last month saw a dip in property sales, with condos being hit the hardest. The condo market is flooded, making it tough for sellers - especially those with smaller units.

Join us for this month's Real Estate Market Update, where we crunch the numbers and offer valuable insights for both buyers and sellers. Stick around until the end (03:31) to catch Peter's expert advice!

Chapters:
Intro 00:00
Rate Cuts 00:17
May Recap 00:55
Total Sales 01:06
Sale Prices 01:42
Volume 02:26
Peter's Two Cents 03:31
Advice for Buyers 05:35
Advice for Sellers 05:52

We compile our market updates using data sourced from the Waterloo Region Association of REALTORS®. For additional details, please visit https://wrar.ca

Check out our Stunning Homes playlist here:    • Stunning Homes  
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Our Website: https://www.Kostecki.ca
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