The Ottawa Real Estate Board says 1,110 residential properties were sold in Ottawa last month, compared with 1,718 homes in July 2021.
The 35 per cent drop in home sales in Ottawa in July follows a 29 per cent decrease in June, when 1,508 properties were sold in Ottawa compared to 2,122 in June 2021. Torontow says the single-digit increases align with a "traditional stable year-over-year price growth" in Ottawa.
So essentially 35% less people are able to get a mortgage & fulfill their aspiration of having a home? Aren't our governments just wonderful in helping banks & their shareholders maintain their record profits?
Reason: Interest rate hikes, inflation and your usual “alarming” article titles 😂
Looks good on you.
I honestly ask myself everyday, why people re-elected JustinTrudeau. He has done nothing other than making Canabis legal and doing black face. Yet, he not a racist because the word liberal is next to his name, so let’s forgive and forget 🙄
But, Canadians have the $10 a day! That should keep the economy going?
Greed and gouging and foreign 'investors' are to blame.
cost of living cooled ? rising rates adds to the cost of doing business. My restaurant bill has dropped? NOT! Plumber cheaper NOT......
More to come.
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Source: OttawaCitizen - 🏆 21. / 68 Read more »