When the COVID-19 pandemic was declared in March 2020 real estate agents in Ottawa and elsewhere were worried. News items at the time chronicled declining sales and fears that the housing market was in for a major slump. Instead, the real estate market in Ottawa has been on a tear, with few signs of slowing down.
“When the pandemic started in March, I personally was worried that things were going to decline and people weren’t going to have a strong demand for real estate anymore, everyone wanted to stay in their house,” said Jeffrey Gauthier, a broker with RE/MAX Hallmark Realty group.
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