Predictions of Next Rate Increase in OTTAWA

👀More talks about rate increases here in Canada are expected later this month.

👉It's a true fact that the US has already got to 8%.

The economy in Ottawa is very good.💰

📈One of the strongest economies in Ottawa, but things are changing quickly.

🙋‍♂️My name is Greg Hamre from RE/MAX Affiliates in Ottawa and the Hamre Real Estate Team, and the rumor is that we're going to go up another 0.25%.

You can feel a bit of urgency in the market right now.🏍

🎯People are snapping up homes very quickly.

💡We had four sales over the weekend, two of them were listings that sold relatively quickly.

We had the exposure on them.🌎

🖥We did the marketing on them so they looked beautiful and they attracted a lot of buyers' emotions.

That's what you need today.🔑

🛎You need to be priced correctly and you need a marketing plan that's going to get the eyeballs on your list.

Sellers need to react quickly because they were last fall.🍂

🏡There just won't be as large a buyer pool, and that typically happens in fall anyway.

If you're a buyer and you haven't 🔒locked in today's rates, lock in because there will be some options out there.

📞And people are asking me, should I buy now, Greg, or should I wait till the rates go up and deals be better?

💿But the fact is last year, the $800,000 home costs less than the $600,000 price home in the fall of 2022.

It was more expensive.💰

🔎So the average price in Ottawa dropped but affordability was more like $250,000 for that same monthly payment on a mortgage time is now that's why we're expressing urgency.

It's best to get going.🏎

✅Let's take advantage of the market today and the inventory that we do have, and there are some beautiful issues out there.

🐬We have a new one coming up with a pool, it's a family-sized home.

If you're looking for that kind of product, please reach out.☎️

🔑We'll get you in it right away.

🙋‍♂️My name is Greg Hamre from Affiliates and the Hamre Real Estate Team.

I hope to see you soon.😀

Take care.