Updated: Sep 21, 2020
While the current Ottawa housing market is great for sellers, buyers are finding it difficult to navigate these terrains. Bidding wars and multiple offers have become the norm, and buyers find they may have to go all-in with very few or no conditions at all.
Ontario residents claim they've started seeing similarities between the Toronto and Ottawa housing market - although Ottawa's continues to be more affordable.
First-time homebuyers, in particular, are finding the current housing market to be extremely challenging, as they face stiff competition and find themselves frequently outbid. If any of these matters pertain to your situation, now more than ever, would be a good idea to schedule a consultation with MacAdam Law to review your Agreement of Purchase and Sale.