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The Bank of Montreal released a new report that highlights the sudden shift in regional housing markets across the country. The Globe and Mail dove into the stats to provide a great overall look at what the report shows and what can make or break the housing market in specific areas in Canada.
One thing is clear, location is becoming increasingly more important in the strength of the Canadian real estate market.
Some highlights
- Ottawa and Kingston fall under the category of very weak when it comes to their area housing markets
- Toronto, Sudbury and Thunder Bay are found to be balanced in the current market
- Kitchener-Waterloo was deemed as weak as of February 2015
But most importantly…
- St. Catharines has been recognized as having a very strong real estate market!
My two cents
The St. Catharines real estate market is highly undervalued and will be for some time. I am absolutely bullish about this. The report just goes to show that people are finally waking up and realizing this fact. Clearly, the St. Catharines real estate market is something to watch on a national level, and it can only get better from here. With additions to our community, like the Niagara Health System and the possibility of GO Train commuter service, living in St. Catharines has never been better and the whole country is starting to take notice.
To read the full article, click here.
