For the week ending March 4, 2022, mortgage applications increased 8.5% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. See:.
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OTTAWA At a time when nothing seems the same or normal, Ottawa’s real estate numbers are consistent. The growth is constant. “Aside from a brief pause during the first two weeks after the initial Stay-At-Home order, the local real estate market has grown consistently over the last 36 months, including record-setting growth over the last year,” says Taylor Bennett of Bennett Property Shop Realty, (bennettpros.com) a regular contributor on CTV’s News at Noon. Inventory levels are still at record lows. Sales are at historic highs. “Despite the inventory levels being almost 40 per cent lower than this time last year we have seen a substantial increase in sales with an average of 35 per cent growth,” Bennett says.