Changes In The Ottawa Real Estate Market - Karen MacDonald

Not everything in real estate is black and white.

There are many shades a grey and changes that have happened and are coming.

My name is Karen MacDonald from the Hamre real estate team at RE/MAX Affiliates in Ottawa. We are entering into a Transition Zone.

Sellers still want prices from earlier in the year which don't exist, and buyers don't know what properties are worth.

Buyers are waiting out of a mix of fear and uncertainty but remember once the property is gone it is gone.

Heading into September and once we get used to the changes happening, we are actually going to be able to look at comparable sales and things will make a lot more sense but coming into the next month there are going to be a lot of questions.