One of the Ottawa Real Estate Questions I often get asked by Buyers and Sellers is "what do you think will happen to the interest rates ?"
David Rosenberg is chief strategist for Gluskin Sheff + Associates Inc. and a guest columnist for Report on Business says on January 27,2010,
"In a nutshell, the Canadian market is already braced for 50 basis points of tightening from the Bank of Canada by September. With that in mind, it is difficult to believe that there is any significant rate risk here; if anything, the surprise will be that the bank is on hold for longer...........In fact, my view is that the Bank of Canada will not be raising rates until mid-2011 - at the earliest."
So Buyers,in answer to this all important of the Ottawa Real Estate Questions, the window of opportunity remains open to buy property and get into the market at the cheapest borrowing rate of money in Canada in over 70 years, and for Seller's the demand for housing is bound to keep high over the next few months which will probably continue the Seller's Market conditions.
For your answers to any other Ottawa Real Estate Questions please contact me at http://www.OttawaRealEstateQuestions.com
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