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Two years ago, newly built townhomes in Carleton Place, Ont. sold for nearly $900,000. Low interest rates were a driving force behind the hefty price tag. Now, the same houses are being relisted at a significantly lower price.
Two years ago, newly built townhomes in Carleton Place, Ont. sold for nearly $900,000. Low interest rates were a driving force behind the hefty price tag. Now, the same houses are being relisted at a significantly lower price.
Broker Paul Rushforth, who owns the agency that bears his name, said Tracy Arnett and her agents bring “a wealth of knowledge” about the Ottawa market to his company.
“Eventually, interest rates will go back down, and then people are going to (scramble) trying to buy everything up,” Paul Rushforth predicts, adding city could see “a mini version" of 2021's frenzy.
“Eventually, interest rates will go back down, and then people are going to (scramble) trying to buy everything up,” Paul Rushforth predicts, adding city could see “a mini version" of 2021's frenzy.