A bit slower-than-average March kicks off the Spring Real Estate market. Active listings are up over 60% y/y, as reflected in months of inventory, which improved over February, is the highest in years (with the range from 2019 of 1.8 to last year of 2.3). It’s important to understand that these averages represent the class as a whole, and certain pockets and style of homes can be much more competitive than others. Buyers continue to reap the benefit of a continual downward trend in interest rates (borrowing costs) and increased supply (choice).
Ottawa Market Stats are out!
