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We observe that month-over-month average price increases for April and May are not as high as the jumps in value in the first quarter of 2021. While it is still too early to predict, this may be a

sign that the rapid price acceleration we have been experiencing is easing in the market.”

“As we come out of this lockdown,we will closely monitor other market factors including the effects of the increased stress test measures combined with the average five-year fixed mortgage rates climbing back over two per cent since the beginning of 2021, and whether pent-up supply

will decrease our supply shortage and eventually bring Ottawa’s real estate market to a more balanced state,” states Ottawa Real Estate Board President, Debra Wright.

Thinking about making a move?   Contact us to give you to up date information on how your particular neighbourhood is performing. 

Lamoine McCune - Realtor® - 613-323-1134 lamoinemccune@gmail.com