Inflation in Ottawa - Hamre Real Estate RE/MAX
The bank of Canada has just announced that inflation is here for years. If you're a home buyer you want to get in front of this because this means interest rates will go up high.
If you're a seller, you have more buyers that can afford to purchase your home today, you might want to get on the market in the month of February. My name is Greg Hamre from RE/MAX Affiliates in Ottawa and the Hamre Real Estate Team. We're right in Downtown Ottawa.
You can hear the horns in the background from the truck protest. The feeling on the real estate market is quite active. Pricing is on the rise.
✅People are trying to take advantage of low-interest rates. We know interest rates will go up quickly. The bank of Canada warned the government to raise, start raising interest rates a year ago.
They pushed off on that. ⚡So we know that when they go up, they're going to go up quickly.
This should have started to happen in the March time period, we've seen interest rates in the last few weeks, actually take a drop.
So again, if you're a supplier you might want to get ahead of this. If you're a seller today, you have more hope more purchasers can purchase their home today.
☎️If you're looking to buy or sell or want a little insight on the real estate market, my name is Greg Hamre from RE/MAX Affiliates in Ottawa and the Hamre Real Estate Team.
We'd be happy to help you! Downtown in Ottawa with the sound of horns in the background.
We hope everybody has a wonderful day, stay safe and let's all get along. Take care.
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