" What is the bust time to buy a house?' poeple often ask me this question,as a Real Estate professional. I always smile and reply: " whenever you can afford to buy one". But seriusly, is there any time better than now to buy a property with such a historical low interest rate and relativley high housing market inventory.we should not take this low interest rate as granted while almost every finacial expert beleives that interaest rate has to be normalized sooner or later. When the interest rates goes up a potential buyer faces two main issues: higher monthly payment and lower purchase power. As a rule of tomb, fall and early winter is also a good time to buy a property in Ottawa market. If one can afford to buy, and needs to buy today is better than tommorow!