As we all know the Real Estate market is still hot and very active. As you can see in the article by the Ottawa Citizen, the housing market in Canada is still very active. Looking at these numbers is very impressive.
Resale home activity was up 41.5 per cent in the month, reaching a total of 42,288 units. On a seasonally adjusted basis, homes sold on the Multiple Listing Service totalled 45,818 units in October. (source: Ottawa Citizen).
Because of these stats the Canadian Real Estate Association in looking to boost its outlook for 2009 and 2010. Its a great sign that the market is still active.
Even the stats from the Ottawa REal Estae Board shows that it's still a seller's market out there. We still have some clients that are pre-approved, ready to buy but can't find a suitable home. Multiple offers are still present in this market.
Click below for the article published by the Ottawa Citizen today.
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