Ottawa housing market to cool in 2022 but prices will rise: CMHC

CTV News reports in a recent blog post that the Ottawa Real Estate market will cool in 2022.

Factors influencing this cooldown:

• interest rate hikes;
• with another one to come on June 1;
• inflation rate at 6.8%;
• partly caused by the effect of the war in Ukraine;
• post pandemic return to normal life creating additional expenses;
• effect of the new mortgage rules.

We’re still in a seller’s market, but things are headed to a more balanced market. Read more here at the CTV News blog post. Beyond that post, the following are links to other posts that provide additional information. Bank of Canada interest rate. Details about the inflation rate. Details on the current mortgage rules.