The volume of sales continues to pace pre-HST levels for June in Ottawa but is it bound to slowdown? right?
Interest rates down slightly may just promote hesitation but with a lack of lower priced, starter product how can you wait if something good comes up. If you don't want to spend more than a quarter of a million dollars there are 75 listings to pick from of which 44 are not mobile homes or on rental land. If you want a house with 3 bedrooms and a garage you will have 123 listings on MLS to pick from between $250,000 and $300,000.
I see the sales continuing and the average price continuing to rise.