The market in Ottawa right now seems to be in transition. Homes are still selling at record prices but the upward trend in prices month over month seems to be leveling out. The first quarter of this year saw unprecedented price growth. That type of rapid appreciation can happen only over a shorter period […]
It is hard to believe that Ottawa has had lockdowns in April of last year and this year! This of course is going to have an impact on real estate sales. We are an essential service and I have had very few clients suspend their search due to the lockdown measures. The market is red […]
Have you ever sold something and then had sellers remorse? What if that something was your home. It would be a tough spot to be in. Luckily sometimes in life you get a second chance to make it right. I was fortunate enough to meet Pat and Sylvie in 2016 when they relocated to Ottawa. […]
It has been so interesting observing market trends over the past few weeks. There are some homes going way more than what they should be selling for while other ones are not getting offers on their pre-arrange offer date. I think many sellers are starting to list at the higher end of the market but […]
The market has continued its red hot pace and is favored towards the seller. This seems to be how I am starting these write-ups over the past 13 months! Hard to believe considering we are one year into a pandemic. We have less than one months inventory available to buyers out there. To put it […]
Even in the midst of a stay-at-home order and a continuation of December’s lockdown, members of the Ottawa Real Estate Board sold 964 residential properties in January through the Board’s MLS System, compared with 778 in January 2020, an increase of 24 per cent. January’s sales included 674 in the residential-property class, up 21 percent […]
OTTAWA REAL ESTATE REPORT RECAP OF 2020: A Year We Will Never Forget It was a record-breaking year of growth and price appreciation in Ottawa. Coming into 2020 our supply levels were at all time lows and demand was strong. When the COVID hit supply also dropped. The demand did not. Buyers were still very […]
This is the time of year that we usually see a pretty big slowdown in our real estate market. The recent statistics from the Ottawa real estate board suggest that will not be the case this year. The demand is still extremely high for Ottawa real estate. There are so many buyers who are still […]
It has been a very interesting fall market so far. The number of new listings coming to market continues to increase each month. Interestingly the demand is so high that our market is absorbing these new listings quite nicely. However, each month I am feeling the showing activity and offer activity on listings drop. If […]
September has shown us that the market trajectory is continuing upwards. There continues to be an increase in new listings and demand is remaining strong. September saw 400 more new listings than in August. These new listings were easily absorbed in our market. As I mentioned last month, if these new listings continue it may […]
