Ottawa's land sales finding greater degree of value consistency as interest rates stabilize somewhat
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- It’s interesting to note that Land sales are showing a better degree of value consistency as interest rates are somewhat stabilizing. This suggests that the market is finding a firmer footing.
- Despite this improvement, transaction volumes are still below the peak seen in the third quarter of 2022.
- The volume of transactions reduced due to continuing interest rate uncertainty, and a general stabilizing effect following an unprecedented surge in Industrial and Residential Development Land Sales.
July 19, 2023
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