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Henga Nayeri's blog
Happy Halloween!
Wishing you a spooktacular day filled with treats, laughter, and maybe even a few friendly frights! Whether you're out trick-or-treating or staying cozy at home, I hope your Halloween is filled with all the best things (and maybe a new dream home or two!)
If you're looking to make a move that’s far from spooky, I'm here to help make the process easy and enjoyable! login or register to post comments
Bank of Canada Cuts Interest Rates by 50 Basis Points!
Exciting news for borrowers: the Bank of Canada has reduced its interest rate by 50 basis points, dropping it from 4.25% to 3.75%. As a result, the Prime rate will also decrease from 6.45% to 5.95%, potentially offering significant savings on mortgages and loans.
This move may signal more rate cuts ahead into 2025, so it's worth keeping an eye on future developments!
Next rate announcement: December 11th. Stay informed for further updates!
Ottawa Fall Real Estate Market Update September 2024: Navigating Shifts and Opportunities
As we enter the fall season, Ottawa's real estate market remains strong despite shifts in the broader economic landscape. According to OREB President Curtis Fillier, the city's outlook is healthy, with robust activity, an uptick in sales, and prices holding steady. Both buyers and sellers are re-evaluating their strategies as we anticipate possible interest rate cuts, extended amortization periods, and higher price caps for insured mortgages.
These factors will likely encourage demand, but Ottawa’s primary challenge isn’t on the demand side—it’s the ongoing shortage of housing supply. We...
Attention Homebuyers!
Exciting changes are coming to the mortgage landscape! New rules mean more options and clarity for those looking to buy a home. Whether you're a first-time buyer or looking to upgrade, it's essential to stay informed about how these updates could affect your financing options and the overall real estate market.
Stay ahead of the game and check out the latest insights on how these changes can impact your home-buying journey!
Give me a call 613-407-7040
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Ottawa and Canada Market Activity
"It's great to see the summer market staying strong!" says OREB President-elect Paul Czan. With interest rates dropping for the third time in a row, we're expecting a lively fall market. Buyers are being cautious with new listings and steady prices, so patience is key for sellers. Work with a me to navigate the market and price your property right!
613-407-7040
henga@henga.ca
The Bank of Canada has just cut interest rates!
The Bank of Canada has just cut interest rates! A boost for borrowers and a potential game-changer for the economy.
July’s real estate market
July’s real estate market is heating up despite the summer slowdown! Buyer confidence is rising, and new listings are steadily coming in. Recent policy changes like interest rate cuts and longer amortization periods could further boost the market. Have questions or need advice? Feel free to contact me!
Ottawa's real estate market
Ottawa's real estate market is heating up! Buyers have more time to choose, sellers are listing actively. It's a great time to buy or sell! #OttawaRealEstate #MarketUpdate