There are a myriad of factors to take into consideration when purchasing a home in Ottawa such as real estate market fluctuations, closing costs and mortgage rates.
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The purchase of a house is both financially and emotionally complex, yet thrilling at the same time. Homebuyers can ease their home purchase by saving for a down payment and improving their credit. In addition, government programs may provide assistance for their mortgage.

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The purchase of a home is one of the most significant decisions one can make in their life, yet it can also be an extremely stressful experience, particularly for first-time buyers. Luckily, there are steps you can take to alleviate some of this anxiety: saving for a down payment and speaking to reputable realtors as well as getting pre-approval from mortgage lenders will all help alleviate stress levels and demonstrate to sellers that you are serious buyers.
Ottawa’s housing market is off to an encouraging start this year, showing an increase in activity as we head into the spring market. Unfortunately, interest rates have yet to come down and affordability remains an issue for potential buyers; thus some would-be homeowners are seeking rental options, or returning home due to financial strain.

Experts expect Ottawa’s housing market to remain resilient despite challenges, with stronger growth expected in more a...