If interest rates drop, will London home prices increase? Most likely not, as we are currently in a buyer’s market!
I can state what the real estate market is like today, but what about next week or next month? Motivated buyers or sellers will do what they want, regardless of the market.
As more homeowner mortgages come up for renewal, more homes may come on the market, and for buyers waiting for interest rates to drop, there is the market! However, more homes on the market tend to create a buyer’s market with more buyers and a seller’s market.
Fence-sitting in a real estate decision usually results in a proctological splinter in your finances!
A London home price increase of 2.5 to 3% per month should not be expected. Of course, there will be outliers, but as usual, the sky is not falling for real estate in London, Ontario.
The tariff threats by our neighbours to the south have created uncertainty in the market. We Canadians are strong, and this may be patriotic defiance on my part: “I would rather die standing on my feet than die on my knees!”
I refuse to join the fear-mongering rhetoric. I always see challenges or obstacles as an opportunity to improve, change, or overcome.
Amor fati!
Latin for a state of mind where one not only accepts fate but actively loves it, viewing all experiences as valuable and necessary.
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