Residential home sales activity recorded through the MLS® for the Niagara Association of REALTORS® (NAR) totaled 639 units in July 2025, compared to 585 in June 2025. In July, the Niagara Association of REALTORS® listed 1,689 residential properties compared to 1,724 in June 2025. The average days it took to sell a home in July 2025 was 39 days, a 9.3% decrease from June 2025. July’s numbers reinforce that the Niagara market remains active, but price-sensitive. Sales are up, and homes are selling faster—but only when they’re priced in line with market value. Buyers today have options and are taking their time, so overpriced homes risk being left behind. With mortgage rates remaining steady and a solid supply of homes on the market, this is a window of opportunity for buyers to act with more confidence. The slight dip in the benchmark price is a reminder that even in a busy season, this remains a buyer’s market in many areas. Sellers who adapt to that reality are the ones seeing results. As always, working with a knowledgeable local REALTOR® can help ensure you’re making smart, strategic choices in this shifting landscape. The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price for the Niagara Region was $608,400 in July 2025. This was a 0.8% decrease from June 2025.
Interest Rate Announcement:
July 30th the Bank of Canada held its key overnight rate at 2.75%, choosing to pause after multiple rate cuts over the past year. It is a more cautious approach as inflation and global uncertainty continue to influence the market.
So what does hit mean for you as a buyer of seller?
Buyers: Steady interest rates mean your borrowing costs aren’t going up—for now. That stability can give you some breathing room and great chance to lock in a mortgage rate before any future changes. If you’ve been on the fence about entering the market, this could be the time to take a closer look at your options.
Sellers: A stable rate environment helps support your buyer confidence . When buyers feel more secure about their monthly payments, they’re more likely to take action—and that can help generate solid activity around your listing. Alternatively, buyers could also be waiting for further interest rate drops to make a move- which could also lead to less buyer activity as well.
