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Thursday, May 10, 2018

Ottawa’s red-hot housing market is country’s most active - The Globe and Mail

Ottawa’s red-hot housing market is country’s most active - The Globe and Mail: Casey Van Camp and her partner are moving into their first home together this month, but the process wasn’t without its challenges.

Ms. Van Camp is just one of many Ottawa-area buyers who have had to adjust to the unfamiliar in the local real estate market so far in 2018 – with bidding wars, homes being sold well over their asking prices and unconditional offers becoming the norm. According to the Canadian Real Estate Association, Ottawa is one of the strongest real estate markets in the country, with home sales up more than 10 per cent so far this year, even as sales have dived by more than 23 per cent nationally.