Every quarter point increase in interest rates can mean thousands of dollars more spent over the course of your ownership. It’s true there has been a lower inventory for over 6 months now, which of course meant less choice for buyers. That trend is starting to switch, the number of homes offered for sale in Ottawa has been increasing each week since the beginning of the year.
The good nest is folks who have been waiting for the right home to come on the market have more and more options each week, although we are at the top of the spring market and home sales slow down through the summer.
Here’s hoping I’ve given you something to think about.