Ottawa resale market to cool in 2011; sales to fall 8%: CMHC - Residential - Real Estat... - 0 views
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local sales of existing homes listed on the Multiple Listing Service are anticipated to fall to an estimated 13,750 units from 14,923 in 2010, a 7.9-per-cent drop, before picking up again to approximately 14,100 units in 2012.
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Higher anticipated mortgage rates have resulted in a pull-forward effect on housing demand
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sales were higher in late 2010 and early 2011 as buyers rushed to avoid rising interest rates and new mortgage rule changes
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