6 Gregory Ave, Kingsville, On

Discover luxury in this brand-new custom-built 2-story home in Timbercreek Estates by Alta Nota Custom Homes. Featuring 5 spacious bedrooms, including a main-floor junior suite with a walk-in closet and ensuite, this residence offers 4.5 baths, including 3 ensuites and a convenient Jack & Jill bath. The elegant dining room has ample natural light while the custom kitchen boasts a large pantry and a functional mudroom. Enjoy outdoor living on the expansive 12ft x 27ft covered back porch. This home showcases exquisite millwork, custom ceiling details, and wainscoting throughout. Located just steps from the park, waterfront, Pelee Island Winery, and Main St. Kingsville's vibrant entertainment district and shopping. More lots and designs are available—build your dream home with us today!

The past two years have felt like a roller coaster, with the housing market plummeting, then beginning to rebound. After exploring countless perspectives on the market’s future, I found that most experts avoid making firm predictions. When COVID-19 first hit, a major housing authority predicted a 10% decline, but the market instead surged. So here’s my view.

Yes, the housing market has been rough. I frequently talk with clients concerned about rising interest rates, mortgage renewals, and inflation. The Bank of Canada’s interest rate hikes have helped bring inflation down to around 2%, but the focus now is on avoiding widespread mortgage defaults, which could lead to a deeper recession.

To address mortgage renewal challenges, I believe the Bank of Canada must make larger rate cuts. My prediction is that the next two announcements, in October and December, will include at least 0.5% decreases.

What impact will this have? Lower rates will make homebuying more affordable, drawing buyers back to the market. Many families have been waiting for this shift and are likely to re-enter the market once rate cuts are confirmed.

Currently, there is a lot of inventory sitting on the market, but as demand returns, we’ll see these homes start to sell. In any market, when inventory decreases, prices start to rise. Now is an opportune time to buy—many homes are significantly discounted compared to two years ago. Across Canada, the need for housing remains strong, and new home construction is gearing up. We’re likely to see a more active and appreciating market in 2025.

In real estate, the principle of “what goes up must come down” holds true. History shows that the best time to buy real estate is often in the past, but now presents a unique opportunity.


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