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Is the "Stress test" stressing buyers out?

1/23/2017

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Prices have been soft for the past several years in Hunt Club Park and Greenboro in Ottawa's south end.  However we may be at a turning point.

The recent changes to mortgage lending practices where buyers have to qualify for higher mortgage rates even if the actual mortgage they get today is at a lower rate could help the south end market.

Since these new measures, referred to as the "stress test", could potentially force some buyers to adjust their purchases to a lower price level, these buyers may consider the south-end inventory of town homes and condos as a viable option.

We at the Vani Team have been watching the home sales activity here since 1999 and would be pleased to discuss the current market with you. 

Call us for a confidential chat!

Paul and Eric Vani
gladeviewtowns.ca
613-286-8264

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    The Vani Team has been selling Gladeview properties since they were first built in the early 2000's. We have sold every type of model and so can speak from experience about the property you may be interested in selling or buying.

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Eric Vani, The ''GLADEVIEW GLADIATOR!®''    613-862-8264