Despite the approaching lull season, the Ottawa Real Estate Board has reported steady sales in the housing market. This news comes as a relief to many industry experts who were concerned about a potential slowdown in activity. The board attributes this resilience to a combination of factors, including low interest rates and a strong demand for homes in the region.
While the market may experience a slight dip in the coming months, overall sales remain steady. This is good news for both buyers and sellers, as it indicates a healthy and stable real estate market in Ottawa. Experts advise potential buyers to act quickly if they are in the market for a new home, as competition remains fierce in certain areas.
The Ottawa Real Estate Board will continue to monitor market trends closely and provide updates as needed. In the meantime, both buyers and sellers can take comfort in the fact that the housing market in Ottawa remains strong despite the upcoming lull season.