Open House - The Real Estate & Mortgage Show: February 29, 2020

Date Posted: March 2, 2020

Home sales continue to be strong in the Ottawa Market.

Currently there only 1817 listings in the Ottawa area with the average sales prices in February of $494,000, residential home prices was $581,000 on average and condo prices are averaging $347,000.

In this spring market we are seeing many instances of ‘multiple offer’ situations for Buyers and this is why working with a trusted Realtor and Mortgage Broker will help you navigate this process.  By knowing your market and working with a Mortgage Broker you can well position your home / purchase todays every changing real estate market.

If you are in the process of a buying a home, it is best to not add any additional debts to your scenario. This means, new car loans, additional credit card or line of credit debt. Lenders can pull a new credit bureau up until the day of closing. This is especially important when purchasing a new-build home when the closing date is a year or more in the future.

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Contact your Mortgage Broker today