TOUGH MARKET BUT WE HAVE YOU COVERED
There is no sugarcoating that if you are posted to Ottawa this year, your HHT may be challenging. Our inventory is down 20% over last year and 40% over 2017 numbers. It is bordering a housing crisis, considering the insatiable demand. Prices are still affordable but buyers are competing and putting upward pressure on prices. I really believe this could be the last year or two of prices that fall within the affordability index with average income levels of the city.
As you may know, we work with dozens of military buyers who get transferred into and out of Ottawa each year. I have been proactive in building up a database of off-market listings. This weekend we have 2 properties that we are showing to a couple on their HHT that are exclusive listings. They will be contenders for them. As an example of our proactiveness, we have sent this letter to 10,000 households in the West end of Ottawa: