Months of inventory across Niagara have climbed, as indicated on page 16 of the CMHC Symposium report. Semi-detached dwellings now show 10.6 months of inventory, while townhomes and single-detached homes are at 6.8 and 6.9 months respectively.
For sellers, this means longer market times and greater need for strategic positioning. Benchmark prices (page 15) continue to decline year-over-year but remain above pre-pandemic levels.
Buyers are comparing more properties and are willing to negotiate. Sellers should focus on pricing accuracy, condition, and presentation. Realtors can use this data to help clients set realistic expectations and make decisions aligned with current local trends.