Date Posted: February 24, 2020
Home sales continue to be strong in the Ottawa Market. 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.
Average sales prices in February was $494,000, residential home prices was $581,000 on average and condo prices are averaging $347,000.
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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