Uncategorized 6 December 2024

Niagara MLS Sales Stats to November 30, 2024 vs. Last Year

NOTE: The Niagara Association of REALTORS is transitioning to a new MLS system and is currently working with two different databases. As a result, some information might be missing in the stats below.

The following chart displays the number of sales over12 months to
November, 2024 vs. 12 months prior. The CREA HPI Benchmark Prices are also for 12 months to November 2024 vs.12 months prior.

*The above stats are based in whole or in part on MLS® System data owned by the Niagara Association of REALTORS® and CREA.

Centum Mortgage Rates
at end of November, 2024

Current Variable Mortgage Rate 5.05%

The 5-yr fixed high ratio 4.29% – 6.99%

The 5-yr variable high ratio: 4.95% – 6.55%

The 5-year fixed uninsurable: 4.84% – 8.44%

The Current Prime Rate is 5.95%…

…Next Announcement Dec 11

NOTE: Rates shown are for “A” rated deals only and don’t apply for BFS, rentals, vacation homes, second home purchases, etc.

Stress Test Qualifying RateMortgage lenders use the greater of the qualifying rate (5.25%) or the contract rate plus 2 points.

Rates are Based On Approved Credit

May vary between geographic areas