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 […]
With the summer coming to a close it will be interesting to see if our real estate market will continue its red hot pace. August brought some much-needed housing inventory. In fact, we had the most August listings since 2015. This is good news for buyers! It also led to a record-breaking month for sales. […]
Saying goodbye to my childhood home was a bit more challenging than I thought. Afterall a house is just brick and mortar, right? I have been told memories are really what matter and you can take them with you. Over the course of the 45 years in that home, we certainly have some great […]
Prices are surging in Ottawa. Somewhat surprising given the current pandemic!! Employment levels are down by over 60,000 in Ottawa. So how is it that prices are going up? The biggest single factor is the shortage of listings. In July we were down 55% year over year. We are down in availability at a time where demand […]
