June 2018 newsletter: Spring market recap

Highlights:

  • After several years of modest growth & flat house price gains in and around 3%, May 2018 has seen an average increase of 6.3% in house prices over May 2017;
  • Interest rate increases are coming in July - lock in your rates now for renewals and refinancing. I work with great mortgage brokers who crunch the numbers to see if it's worthwhile for you - happy to provide referrals;
  • Ottawa continues to be a strong market: we are isolated from more national trends, thanks to government, DND & hi-tech sectors, especially in the west end of the city, plus Ottawa is still affordable - great for 1st time home buyers!