Things are picking up as we head into the Spring season. We have seen a 52% increase in transactions from January to February of 2022 via MLS. This is a strong indicator that the Spring market has sprung. The number of new listings in February (1,762) offers some hope for prospective Buyers. At 4% higher […]
We recently took a listing in a building where 3 other identical units were up on the market at the same time. These units had all spent considerable time on the market. Of course, our sellers were concerned that they would be unable to sell. Our sellers were open to staging the home and already […]
We are starting this February in very much a similar way to the last 2 years. Housing inventory in Ottawa is scarce and sellers are cashing in on this once-in-a-lifetime market. This year feels different because we are already starting with high prices thanks to the last few years of double-digit increases in Ottawa home […]
I wanted to revisit this comparison that we did back in 2018. I thought it would be interesting for us to again compare prices in GTA vs Ottawa to see where we sit. Toronto has always been among the highest real estate prices in Canada and North America. Ottawa however is starting to close the gap. […]
OTTAWA REAL ESTATE REPORT Ottawa 2021 Real Estate Market Report Review Do you ever feel like you are in the movie Groundhog Day? Well, I certainly do. We are starting the year with school online, COVID is still a part of everyday life, and for home buyers, very few homes to choose from. Prices are smashing […]
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 […]
