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Market Update February 2024

Posted by admin on February 9, 2024

Market Insights

Ottawa & Lanark County Real Estate Market Update February 2024 statistics are in for another month.

The Bank of Canada held firm on it’s interest rate. This has actually given buyers more confidence in the market place and they are coming back. Perhaps realizing that the bottom isn’t falling out of the real estate market and if they want to invest now is the time.

The 5 year insured mortgage is 5.09% but some brokerages have specials of 4.09% and the prime rate is still at 7.20%.

Stay tuned for more real estate insights and tips next month

Reach out if you want to discuss your local neighbourhood statistics.

Download the PDF – February 2024 – Market Snapshot

Lynn 613-686-2064

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