Not everything is doom and gloom in the papers these days. Today's Ottawa Citizen reports that Residental resale homes sales are up and that May 2009 had record volume and prices are up 5.3% from May 2008. This is great news fr the Ottawa Real Estate Market. The reasons given include steady, stable employment and healthy incomes.
With the recent rise in interest rates the market should continue to be active as buyer's take advantage of their rate guarantee's and the quality inventory that is available.
Read the full Ottawa Citizen article at http://www.ottawacitizen.com/business/merry+month+Ottawa+home+sellers/1660731/story.html