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To: Earlie who wrote (56769)	1/11/2001 8:34:23 AM
From: AllansAlias	Read Replies (1) \| Respond to of 436258

Given what Ottawa has been through, some contraction will be seen as "normal and healthy". Of course, the unfortunate part is that most will not realize until it's too late that this "small downturn" will very likely be anything but small. It hardly matters where you live, I think this is a great time to sell and downsize for spell. This is a particularly good strategy in places like greater Ottawa. I lived in the Glebe in the late eighties. Could of bought a small, charming two-story for nothing back then. Last spring they were going for $250,000, up 30% from 1995 and I know they have been setting records for YoY units sold. So we are just seeing some selling pressure in Ontario hotspots now?