06 Jan Staying in Touch – January 2023 Newsletter
Staying in Touch – January 2023
To read the full issue of Staying in Touch – January 2023
Happy New Year!
We wish you and your family a fantastic 2023!
We all appreciate the many changes in 2022 and look forward to a balanced market in 2023.
Although you can get used to the unbelievable rise in market value, we all knew that this could not go on forever. When we look back to other tough markets, most recently 2008 and 2009 – we were able to work through it. The changing real estate market brings back offers with financing and building inspection conditions and some first refusal offers (conditional on the sale of another property). Changes in the market will happen and we look forward to the upswing predicted by Royal LePage later in 2023 for the Ottawa market. The Ottawa Real Estate Board published this week that we are now in a balanced market, this means that buyers and sellers have equal influence, and those wishing to upgrade may obtain less for their home than before, but they will benefit from a wider choice of homes at attractive prices.
This month we’ve included: Year to date update on the Ottawa market, Mortgage information on the importance of term selection, Things to consider when purchasing a home, Market news, Upcoming community events. Articles: Downsizing/Rightsizing, The Psychology of Clutter and Closing Costs and Budgeting for Your Purchase.
We thank all of you that we have had the pleasure of meeting and working with in 2022 and over the years. We look forward to working with you again and we would be pleased to assist your family and friends. Feel free to contact us with any market, renovation or real estate questions.
Joan, Victoria and Luc