Ottawa's Real Estate Market Report.
Let's Start with the Numbers
10204 properties sold so far this year, 8104 residential and 2100 condos, compared to 9943 last year in the same time period.
285 properties sold last week, and 342 conditionally sold properties. With 3615 properties currently listed that is 9.5% of the current inventory currently under contract.
So what does that mean for Ottawa's REALTORS?
We are experiencing a very strong market, with condos selling at an incredible rate we are in the midst of a sellers market, so some questions that pops up repeatedly is "How do I motivate buyers to buy?" or "How to I get a buyer who does not need to buy motivated?"
Well one way is to talk with them about the financial benefits of buying, or...investing. Take a look at this link to see what the Financial Post has to say about investing in Real Estate.
Armed with this knowledge we can talk about investing in real estate.
Don't know if it's the right time to buy? -> Buy an investment property to make you some money until it is!
Don't want to sell? -> Use your equity to buy a near by investment property and build your wealth!
Need more information about Investing in real estate?
Call or email me!