Inventory has increased, shooting up to the highest level since 2017 as we approach close to a buyer’s market based on months of inventory. This should be taken with a grain of salt, as different neighborhood and styles of home remain more competitive than others. With the latest interest rate drop, coupled with dropping bond yields the longer-term fixed rates (5+ out) have made it more enticing for buyers to jump into the market.
Ottawa Market Stats are out!
