Are you considering buying, selling or investing in the Niagara, Ontario real estate market?
In today’s video Adam JD Martin sits down with Kayla Smith our local realtor investor expert from the Niagara Region to give us a general overview of the market, a full breakdown of the year-to-year and month-to-month market stats and she also breaks down from the stats why she thinks the real estate market is not crashing.
Kayla Smith has a strong knowledge of both the Hamilton & Niagara Region markets having lived in Hamilton until 24 years old and then moving to Niagara Region to house hack and continued to invest with plans to settle down and stay.
Previously working as a consultant for the provincial government in contract management, negotiation and client management, investing in real estate led Kayla to getting her real estate license, where she has completed her first full year in 2020 doing 30+ deals while finishing up her Masters Degree in Education!
Did you enjoy and get value from this video with our local Niagara Region Expert Kayla Smith? What do you want us to cover in next month’s real estate market analysis? Make sure to leave us a comment down below and don’t forget to SMASH the like button!
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You look like you dropped out of dental hygiene school.
Think alot of people are looking outside of Ontario and Quebec. So those markets are the ones inflating. At worst the Ontario market just becomes more normal like 5-10k over asking. Not 250k over asking😎
I am starting seeing price cuts in Markham detached, think this will be a repeat of what happened 2017?
Crash is coming
it's gonna crash hard,time for these vulcher real estate agents to go back to flipping burgers…
Buy
From where you get money $$ 600 000
What type of job?????
Stupid.
At this stage, income to housing prices in Canada is a human right violation. And minimum wage is legit slavery. We need more compassion and less attempts of inflating an already overly inflated crisis.
realtors trying to calm the buyers and underplay the impact of rate increases. just wait for all those low pre-approved rates expired in few weeks. worst is yet to come…
Prices to drop 40% in Niagara
Would love to see a segment on chippawa ( Niagara falls ) home of James Cameron…. I believe it will become the new notl in the future.. especially if the 2 billion China project gets moving .. thanks for all these videos
Really who wanna buy a house for a higher price and higher interest rate. People gonna understand what this fast increasing interest does together with high debts, this together with extremely high living cost on everything else will correct the price big time.
Not crashing? Jesus H christ it'll only be nosediving for the next 3-5 yrs!
Homed sales is a lagging indicator. If you want to be forward looking with your outlook you need to review mortgage application demand. How's the demand for mortgage applications?
Wait till June 1st. Interest rates are going up. Inflation was 6.7 in March. At that rate we should be at 7%. We are at 1%. You do the math. Good luck.
The real estate market is a massive bubble thanks to historically low interest rates and a flood of speculative buying. A simple mortgage calculator will show you that there are simply less qualified buyers able to afford large mortgages needed to sustain the high prices in the housing market. We've already seen a massive correction from January highs and we've only had one interest rate hike. Why would 5 more interest rate hikes this year keep home prices stable? Predatory lending created the 2008 problem. Record low interest rates and speculative buying has created this one. Its basic macro-economics. If you believe inflation is historically high and you believe interest rates will have to be hiked aggressively then you can't believe the housing market will remain stable after an appreciation of 50%+ super-bubble since the start of the pandemic. No different than equities as an asset class. If an asset goes up very quickly it is likely to come down very quickly too.
Thank you Kayla!