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As we move into March 2025, the Lethbridge real estate market continues to showcase exciting trends. Whether you’re looking to buy, sell, or invest, staying updated on the latest shifts in home prices and local events can help you make informed decisions. Let’s dive into what’s happening in the market this month and how you can take advantage of the current conditions.
Spring weather has a significant impact on the real estate market for several reasons:
1. Increased Buyer Activity: As temperatures rise and days get longer, people are more likely to venture out to look at homes. The warmer weather and the start of the school year break often motivate families and individuals to start house hunting, leading to an uptick in demand.
2. Better Curb Appeal: Spring brings flowers, greenery, and pleasant weather, which can enhance the aesthetic appeal of homes. Sellers can take advantage of this by showcasing their properties at their best—lush gardens, vibrant flowers, and green lawns all help…
Last week The Bank of Canada dropped their key interest rate down to 4.25%. This is the third rate cut we have seen since this June, after rates climbing or holding strong all the way from March 2020 - June 2024.
So what does this mean for the real estate market?!
For buyers, this might be the news you've been waiting for. However, if you've been waiting to buy, the time is now. When we see interest rates dip, more buyers jump in to the market, which means prices will go up. Good news for sellers! Inventory in Lethbridge remains low with…
