Posted by Leif Olson on Thursday, June 3, 2021 at 1:33 PM By Leif Olson / June 3, 2021 Comment
Are there changes happening in the Ottawa Real Estate Market?
I'm Chelsea Hamre from the Hamre Team at RE/MAX Affiliates in Ottawa.
As of June 1st, there are new mortgage qualification rules, which essentially means what you were qualified previously for a mortgage is now less.
The good news is Ottawa is still a very affordable city...If not one of the most affordable major cities here in Canada.
And the dream of homeownership is definitely still alive.
There'll be more pressure on entry price points, which is okay. However, the market won't be changing due to the lack of available inventory that we have here in Ottawa.
If you're planning on making a move in the near future, this fall, or next year, we want to talk to you.
If you want to become a homeowner for the first time, we want to set up a buyer roadmap and talk to what you'll need to be able to make that move.
If you currently own a home... we want to set up a consultation to talk about the selling process.
If you want to sell, or if you're looking for a second property, essentially, we want to set up a strategy to make sure that when your dream home comes along, we're ready to make a move on it.
For more information on the new mortgage qualification rates. Let us know, and we can set you up with a fantastic mortgage broker here in Ottawa.
If you want more info about the market or to set up a consultation, either virtually or in person, let me know. It'd be my pleasure to chat.
You can visit our website We Know Ottawa (dot com) or send me a message on social media or reach me directly at (613) 868-3551.
It would be our pleasure to help.
I hope everyone is enjoying this fantastic day. And we'll talk to you soon. Thanks for watching.
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