If we compare this past November’s real estate market to November 2020, we again see that it is skewed as the Spring market was pushed into Fall in 2020 due to the pandemic lockdown. In comparison, November’s unit sales tracked 14% higher than 2019 (1,284), a more relevant base year. This is good to keep […]
We recently had the pleasure of working with some wonderful past clients on the sale of their beautiful townhome in Upper Hunt Club. In preparation for our appointment, we looked at all the most recent comparable sales. The house right beside was the closest comparable property. In fact, it was the exact same layout, size, […]
October’s market was a bit more normal, in terms of units sold, given the regular Fall season, it was active, busy, and things seem to be stabilizing. Compared with 2020, the statistics are showing a decrease in units sold, which is still reflective of the shift of the 2020 Spring market to Fall 2020, which […]
The Ottawa Real Estate Market seems to be back to a typical September market. It started off slowly due to the long weekend and back to school, but it picked up again near the end of the month. Last month, 1,607 residential properties were sold, compared with 2,314 in September 2020, a decrease of […]
If anyone is interested. Here are some random thoughts on a few things real estate and otherwise. Capital Gains on Primary Residences? This is not going to happen. I have been asked this a few times this past month. Governments want to get elected again and having 100% of homeowners against them will not […]
This Fall will be an interesting real estate market to monitor in Ottawa. I think it will be very active but prices will continue to stabilize. I am already feeling a shift. Showing activity is down and buyers are not quite as willing to pay a premium price on some listings. They are starting to […]
The Ottawa real estate market has continued to stabilize. The record rise in prices seems to be trailing off. This is welcome news for buyers. You can see this in the numbers that were released from the Ottawa Real Estate Board. Last month there were 1,312 residential properties sold, compare that to 2,183 in July […]
The talk of Ottawa the past few weeks has been the cooling real estate market. I just wanted to add some perspective on this. The market is most certainly changing but the first quarter of this year was so hot that we may never see that type of inventory shortage again in our lifetime. […]
Earlier this year my wife and I sold our home. Being a seller myself was a great learning experience. I asked my team to put me through all the systems that any client of ours would experience. I was quite happy with the way things went! Selling with kids that are homeschooling is no easy […]
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 […]
