Ottawa infected with the home buying fever…
(Source: The Ottawa Citizen)
It’s March, when home buying fever strikes hard, and Ottawans are snapping up everything from hip urban condos to sedate retirement townhomes in the ‘burbs. Interest and mortgage rates are at a record low, making home ownership irresistible. Prices, meanwhile, are creeping steadily higher, a goad to buy now before they soar out of sight.
Across the country, it’s the same story. With the recession apparently already ancient history, the housing market has hit record highs over recent months. The average price for a house in Canada is now $340,000, a breathtaking amount of money when you think about it.
Read the full article, “Home buying fever” in the Ottawa Citizen (March 6, 2010).