Thursday, April 06, 2006

Ottawa Home Sales Slide Continues

Most Ottawa housing economists are forecasting that there will be a slower housing market in 2006. The Realtors' own forecast sees existing home sales are expected to fall in 2006.

Lower mortgage rates could help end the slowdown in home sales in the coming months, as it could make purchases more affordable.

With the supply of homes improving and buyers having more choices, the rate of price growth should come down to more normal levels this year.


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