Local Economy We are fortunate to live in Ottawa with so many solid and secure public service jobs. This will help us recover faster than other market centres across the country. We are not however going to be immune to this unprecedented situation. It seems as if what first looked like a matter of weeks is now looking […]
March 2020 will be a month none of us will forget. The speed at which this virus has taken over has been astonishing. I was in the process of interviewing potential candidates to join our team early in the month. Two weeks later the majority of our clients put their real estate needs on hold. […]
Nothing is more exciting than a house-hunting trip to find your next home. Whether you want a single, condo or town there are so many styles and varieties of homes to choose. We often don’t think about whether we want a newly-constructed home or a resale. We often just jump on the internet and […]
Your home is one of the biggest investments in your lifetime. Home staging will help you get a better return on your money. Most buyers are looking for a move-in ready home and home staging helps them visualize this instantly. Besides, it makes your home look like a model home without you having to lift […]
OTTAWA MARKET UPDATE FEBRUARY 2020 The market is B-A-N-A-N-A-S! Was trying to think of a more eloquent word but bananas seems to fit here. Here are three reasons why: Prices in our residential-class properties are up 21% Prices in condo class are also up 21% Over 58% of homes are selling for above their asking price (feels […]
OTTAWA MARKET UPDATE JANUARY 2020 We have talked quite a bit about inventory in the past few months or the lack thereof. Right now this is the Ottawa real estate market’s biggest challenge. There were only 1082 properties that came for sale in January 2020. That is about 50% less than the average. Then you […]
OTTAWA REAL ESTATE REPORT RECAP OF 2019 It was an incredible year of growth and price appreciation in the Ottawa real estate market. Prices were up in all categories. Year-end figures show the average freehold property sale price was $486,590 in 2019. This represents an 8.9% increase over the previous year. In the condo market […]
OTTAWA MARKET UPDATE NOVEMBER 2019 Another year is almost in the books! This one has flown by. This year has been the most active housing market I have experienced. The numbers bear that out. In November new listings were being absorbed by buyers at a record-setting pace. Here is what our board president had to […]
OTTAWA MARKET UPDATE OCTOBER 2019 It is a winter wonderland out there already. What the heck is going on! A snow day on Nov 12th is madness!! Some people may be wondering if the cold weather will put a chill in this hot real estate market. I am not sure that will be the case. […]
What is a bully offer? Every day I look through the hot sheet from the Ottawa Real Estate board. It is a list of all new properties to the market. One thing that almost every one of them has in common is that they were holding offers. This means the seller is waiting till a […]
