Selling homes in Ottawa

There has been a noticeable rush on resale houses lately in Ottawa. I have been in several situations this spring where there have been multiple offers on homes and in many cases these homes have sold for more than the asking price. Part of the reason is that, early in the year, some sellers decided to wait and see what was going to happen to our market.  This caused a slow start at the beginning of the year. and now there is pent up demand for homes.   Secondly, mortgage rates are at an all time low and families are discovering that they can afford to buy now and lock in to an amazing five year mortgage rate.  I feel our market will stay strong all throughout the summer and the outlook is good for both buyers and seller.

Linda Ludlow

Linda Ludlow

Broker of Record
CENTURY 21 Capital Realty Inc., Brokerage*
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