Ottawa Real Estate Market Conditions Fall of 2024

The Ottawa Housing Market is VERY Slow and still not as good as 2 years ago

Today Sellers are not getting what they want because of interest rates. On a property selling last year for $1m they would loose $100,000 in todays market. And $200k compared to 2022.
By next spring the same property might get $1,100,000.
Therefore one strategy is to buy soon with a 90-120 day closing. Closing with an open mortgage and switching next June to a five year Mortgage
Then SELL (list) by April 2025 at which point he Market will be much hotter with lower interest rates. Hopefully at $3.5% or less

In any case I would like to discuss where you are in terms of planning and your criteria.