As we move into the fall season, the housing market across Burlington, Hamilton, Oakville, and Milton continues to show a mix of steady demand and significant updates. Whether you’re considering buying or selling a home, these insights can help you make the best decision for your situation.
Detached homes remain a top choice for families, especially in Burlington and Oakville. These premium neighbourhoods are still drawing plenty of interest, offering the space and community that many desire. For those looking for more budget-friendly options, semi-detached homes and townhomes in Hamilton and Milton are seeing strong demand, providing great opportunities for first-time buyers and growing families.
Recent developments are worth noting, too. The federal government’s increase of the insured mortgage price cap to $1.5 million and expanded 30-year amortizations for first-time buyers and new builds offer more flexibility. Plus, the upcoming removal of the stress test for uninsured mortgage switches starting in November will make refinancing much simpler for many homeowners.
With these changes and stabilizing interest rates, now could be an excellent time to navigate the market. However, it’s important to remember that everyone’s situation is unique. The right time to buy or sell truly depends on your individual needs and goals.
Whether you’re looking to upgrade to a larger home, downsize, or make your first real estate investment, there are opportunities out there tailored for your family. At Florian Realty, we understand that the journey can feel overwhelming, but we’re here to support you every step of the way. Our team is dedicated to helping you make informed decisions that align with your future.
If you’re ready to explore your options or just have questions about the current market, don’t hesitate to reach out. Together, we can find the perfect fit for you and your family!