Blog

OTTAWA MARKET UPDATE FOR MARCH 2019

  Interesting numbers released by the Ottawa real estate market this week. The number of sales are down over 12% in the residential class segment. At first glance, one would think it is a slow market but the lack of sales is only because of the extremely tight supply. There is just not much available […]

OTTAWA MARKET UPDATE FOR FEBRUARY 2019

It was another strong month for real estate sales in Ottawa. Members of the board sold 1,005 residential properties, that is up from 978 last year. What is more impressive is that this was done while the inventory is down. The low inventory has left buyers competing over fewer homes. The sales numbers would have […]

OTTAWA MARKET UPDATE FOR JANUARY 2019

  January is usually one of the slowest months of the year in real estate and although we had record low temperatures and lots of snowfall… the Ottawa market was hot. In January the residential and condo property classes there were 820 homes sold. That is a large jump to a 15.8% increase in units sold over January 2018. This is […]

OUR NEW CONCIERGE MOVING SERVICE!

Our team has just invested in a moving concierge program that will be a game changer for our clients. This new platform will assist our clients with everything from changing addresses, transferring home services, updating identification, and getting helpful advice. This can include anything from setting up short term Airbnb accommodations to organizing moving company […]

WHAT HAPPENS AT A HOME STAGING CONSULTATION

Many of our Ottawa home sellers are nervous about home staging. Many do not understand the process. I thought I would clarify what it looks like with our team. We take a hands on approach and understand that every house has its own unique challenges. Here is an example of a staging consultation where the home was in […]

WHEN SELLING MY OTTAWA HOME AND BUYING A NEW HOME IN OTTAWA, DO I PAY CMHC?

As an Ottawa realtor, I’m often asked by my clients that are both selling and buying a home, if they will have to pay CMHC again. It is an important real estate question and we want our clients to have all the answers before proceeding. What is CMHC? Canada Mortgage and Housing Corporation is insurance […]

ANNUAL REAL ESTATE REPORT: OTTAWA 2018

RECAP OF 2018 When I set out last year to undertake this exercise I was optimistic 2018 was going to be a good year. I could not predict just how hot our market was going to be. Early in 2018, there was a significant shortage of housing inventory across the city. This is usual in […]

OTTAWA MARKET UPDATE FOR NOVEMBER 2018

  The Ottawa real estate market has been so interesting to track over the past 12-18 months. It simply continues to stay heated while other major markets in Canada cool. Here is great insight from our board president Ralph Shaw: “When you look at what’s happening in real estate markets across Canada, Ottawa’s market performance […]

OTTAWA MARKET UPDATE FOR OCTOBER 2018

  Each year CMHC releases detailed reports on each of Ottawa’s major market centres. Interestingly, Ottawa is the only city to experience continuous growth in both sales and prices since 2015. We are outperforming other markets because of our healthy economy and relative affordability. The unemployment rate is at its lowest rate in a decade. […]

OTTAWA MARKET UPDATE FOR SEPTEMBER 2018

  The average sale price for homes in Ottawa continues to rise over last year’s numbers. In September we saw a 7.9% increase in the residential class property and in the condo property class we saw an increase of 7.6% over September 2017. These are very impressive numbers. Even with a continued low inventory in Ottawa, the number of […]