“Looking back at the 2012 market, home sales in the first part of the year increased in comparison to the first half of 2011. However, with the introduction of tighter mortgage rules in July, and looming government layoffs, the market seemed to cool down for the second half of 2012.
Although the government has succeeded in its plan to cool down the market, Ottawa remains steady and balanced, devoid of large fluctuations in resale activity. We are truly fortunate to live and work in such a stable market area, and it seems buyers and sellers agree that Ottawa remains a great place to call home.”
—Tim Lee, President, Ottawa Real Estate Board