MARKET WATCH – FEB 2012

According to statistics released by the Canadian Real Estate Association (CREA), sales activity rose in more than half of all local markets, including some of Canada’s most active cities.

The momentum in sales activity provides clear evidence that low interest rates continue to draw homebuyers to the housing market. While buyers have become increasingly cautious, the hand off for sales activity going into the new year suggests that the Canada’s housing market will continue to benefit from low interest rates in 2012, and continue making a significant contribution to Canadian economic activity. However, prospects among housing markets and neighbourhoods differ, so buyers and sellers of the Ottawa area, feel free to contact me to see just how well we are doing here in Ottawa, or more specifically your neighbourhood.