Lots to unpack here! In this episode I discuss the market stats for January 2025 and the global market trends, highlighting the predictable downward trend in the average price for January and Bank of Canada's overnight rate, which I attribute to the high inventory environment in the condo sector and the decline in sales volume during the first half of December and January. 

Welcome to a new episode of Building Wealth Through Real Estate...Brick by Brick with me, Nico James-Bock, Founder of The CondoWiz™ Group and Broker at Royal LePage Signature Realty in Downtown Toronto.  

For Buyers, Investors and Sellers: 

1. Buyers to consider purchasing properties in Oakville due to high inventory levels and potential opportunities.
2. Buyers to focus on making purchases in the next 4-6 months to take advantage of the declining interest rate environment.
3. First-time buyers to explore opportunities in Mississauga's condo market, particularly around the Square One area.
4. Sellers to carefully price their properties in line with market conditions to avoid turning away potential buyers.
5. Investors to monitor the condo market for potential opportunities as prices are expected to rebound in late 2025 and early 2026.
6. Market participants to closely watch the March 12th Bank of Canada interest rate announcement for potential further rate cuts.
7. Buyers and investors to pay attention to the Durham Region market, which is currently in seller's market territory with low inventory.
8. Market participants to monitor developments regarding potential U.S. tariffs and their impact on the Canadian economy and housing market.

Ciao ciao

Support the show

Helping you increase wealth through #realestate

Book a time for a quick 15min Chat - Discovery: https://calendly.com/thecondowiz/15min
Social:
https://linktr.ee/nicojamesbock

Mark as Played

Popular Podcasts

Stuff You Should Know

Stuff You Should Know

If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.

Dateline NBC

Dateline NBC

Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com

On Purpose with Jay Shetty

On Purpose with Jay Shetty

I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!