LACKIE: Real estate market looking more like 'crash' than 'correction'

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Yet buyers are still buying, sellers are still selling \u002D\u002D the ones who need to at least \u002D\u002D and multiple offers continue in some pockets of the city

We sure spent a lot of time considering the ways that pandemic buyer sensibilities had changed.Sign up to receive daily headline news from the Ottawa SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.

No, no, we were told that it was pent-up buyer demand crashing into low supply. It just happened to coalesce all at once. What we were witnessing was natural market forces at work.Article content And now that we are being forced to come to grips with the fastest interest rate-hiking cycle in more than three decades, one can assume that it is those same forces now bringing the deep chill to the market.

 

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