Coupled with today’s rate cut announcement, the Ottawa market stats for February paint an interesting picture. Buyer choice (months of inventory) remains very high and with continual downward pressure on interest rates, buyers reap the benefit of lower mortgage cost and more options for homes. Sellers that had previously delayed listings (or relisting from last year which didn’t sell), are coming to market increasing supply suggesting more inventory and choice for buyers. Some segments of the market continue to experience very strong demand - it’s important to understand that the housing market stats can vary considerably based on property type and location.
February Market Report.
