December 2023 Ottawa Real Estate Market

What an interesting December market we are experiencing in the Ottawa real estate market. 🏡📈

Just this morning I was on my team meeting with my team and we were chatting about how active the market feels right now and how active we all are. 💬👥

And this is due to a combination of many different factors.

Number one, fixed interest rates have gone down a little bit. 💰📉 We can get you a five-year fixed rate under 5% right now. 🖐️🏷️

So definitely don't hesitate to reach out if you would like a contact for a wonderful mortgage broker. 📞👍 We work with some of the best in the industry and I would be happy to get you set up with one of our mortgage brokers. 💼🔍

Number two, affordability now, affordability is all relative. 💲📊 But in comparison to pricing where pricing was a year and a half ago, pricing has definitely balanced out and stabilized. 📈⚖️

So, we are seeing affordability out there and people are looking to take advantage of today's pricing and their leverage as a buyer in the winter market with these interest rates to get that deal that they're looking for. 🏘️💸

And number three, the weather. 🌤️ The weather is so interesting this December, we're still able to see driveways, roofs, patios, in our log, there's not much snow on the ground. ❄️🏠

So, buyers can really get a good look at the year of homes, which is causing buyers out there to be on the hunt. 🕵️‍♂️🔎

This time of year, we are very happy to be assisting our buyers and sellers with their home goals and reaching their home goals. 🤝🏠

If you're looking to make a move in the new year, I would love the opportunity to have a conversation with you and to help you achieve these real estate goals of yours. 🗓️🏡

I'm Melanie Giray with the Hamre Team and have a wonderful rest of your week. 🌟👋 Take care.


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