Ottawa Real Estate Market

Today the Ottawa Citizen Business Section reported on home sales in Ottawa for the month of January. The report suggests that the local Ottawa market is on “strong footing “  despite the sale of residential homes being down approximately 2% from the same period last year.
The Canadian Mortgage and Housing Corporation released an updated report Thursday forecasting a strong real estate market through the first half of the year. Favourable employment numbers this week posted for the month of January will be a boost to the provincial economy as well as locally.
Cold weather did not seem to be in the way of Buyers this month  as it typically does, which bodes well for the remaining winter months.
More jobs created will soften the migration to the West in the latter part of the year, CMHC reports, and all of these factors will be a positive influence on the re sale market despite the potential for rising interest rates.
Stay in touch with us at Exceptionalproperties.ca for information on the Ottawa Real Estate market. Informed clients are always in the very best position.

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