THE END IS NEAR! Don’t panic, I’m only referring to 2016.
This year seems to have just flown by… For those of us in the real estate profession, it has been an interesting year in many ways.
The market picked up momentum early in the year, and we found ourselves in a market where you were happy to only be one of 5 representing a buyer trying to purchase a property instead of 15 or 20… Many buyers experienced an emotional ride to homeownership, and many stepped back and decided not to get on the roller coaster this year at all. The government got involved, changing policies to try an cool a market they felt was overheated.
The market does not seem to be slowing down in the Hamilton/Burlington area in spite of the government intervention. We are also beginning to see the slow climb of interest rates, which has many wondering whether our days of record low rates is coming to an end.
Looking back, a lot has happened this year, and looking forward, it appears that 2017 may be just as busy.
As 2016 comes to an end, we would like to wish everyone the best of the season, however you celebrate it – Happy Hanukkah, Merry Christmas, Joyous Kwanza, Happy Holidays…!
And a Happy New Year to All! Let’s see what 2017 brings!