Should You Wait or Buy?

ottawa real estate

Many home buyers worry constantly about timing the market and want to wait until Ottawa home prices drop. Before deciding on when to purchase your new Ottawa home you should discuss your needs and plans with your Ottawa real estate agent to receive some practical advice. In general you are better off purchasing a home when you are ready and able to pay for it. Since the 1950s the Ottawa real estate market only had four years when residential house prices actually decreased. The remaining fifty or more years saw home price increases. So waiting for the market prices to drop is betting against the odds. Playing the waiting game can be very expensive for home buyers as the prices have been steadily increasing in Ottawa since the early 1990s. If you are looking for a home to live in you are almost always better off purchasing today than waiting for another year.

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