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Help for the First-Time Buyer a Seller’s Market

First time home buyers have had a particularly hard time buying homes in the last two years due to the strong seller’s market. It can be more difficult for sure, but don’t give up!

Considering different housing options and locations, being prepared (bank/mortgage) and being decisive will help you be successful. I believe that even though we continue to be in a seller’s market, there are now more opportunities for buyers.

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Ottawa Real Estate Stats for May 2021

Residential Resale Market: A Tale of Two May Lockdowns

OTTAWA, June 3, 2021 – Members of the Ottawa Real Estate Board sold 2,296 residential properties in May through the Board’s Multiple Listing Service® System, compared with 1,342 in May 2020, an increase of 71 per cent. May’s sales included 1,779 in the residential-property class, up 67 per cent from a year ago, and 517 in the condominium-property category, an increase of 85 per cent from May 2020. The five-year average for total unit sales in May is 2,123.

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Margaret’s Testimonial

Dan was indefatigable in helping me find a home during the pandemic. As a detail-oriented first time home buyer, I especially appreciated his extensive knowledge of real estate, his balanced explanations of pros and cons of different houses, and his patience in explaining multiple aspects of the home buying process.

M.S.