As an Ottawa realtor, I’m often asked by my clients that are both selling and buying a home, if they will have to pay CMHC again. It is an important real estate question and we want our clients to have all the answers before proceeding. What is CMHC? Canada Mortgage and Housing Corporation is insurance […]
RECAP OF 2018 When I set out last year to undertake this exercise I was optimistic 2018 was going to be a good year. I could not predict just how hot our market was going to be. Early in 2018, there was a significant shortage of housing inventory across the city. This is usual in […]
The Ottawa real estate market has been so interesting to track over the past 12-18 months. It simply continues to stay heated while other major markets in Canada cool. Here is great insight from our board president Ralph Shaw: “When you look at what’s happening in real estate markets across Canada, Ottawa’s market performance […]
Each year CMHC releases detailed reports on each of Ottawa’s major market centres. Interestingly, Ottawa is the only city to experience continuous growth in both sales and prices since 2015. We are outperforming other markets because of our healthy economy and relative affordability. The unemployment rate is at its lowest rate in a decade. […]
The average sale price for homes in Ottawa continues to rise over last year’s numbers. In September we saw a 7.9% increase in the residential class property and in the condo property class we saw an increase of 7.6% over September 2017. These are very impressive numbers. Even with a continued low inventory in Ottawa, the number of […]
The Ottawa summer real estate market was busier than normal. No surprise to see strong August numbers coming through from the Ottawa real estate board. I think this trend will continue in the fall months ahead. The city continues to have low inventory which has put an upward pressure on prices. Even with the […]
As an owner of Ottawa investment properties, the upcoming legalization of marijuana is another element that needs to be considered when finding tenants. When this law is passed it would grant the right for individuals to grow up to four plants in their home. I certainly don’t want them growing those plants in my […]
I think everyone should have at least one real estate investment. Something brick and mortar in their portfolio. I have learned that many of the high net worth people I have met include real estate as an integral component. I am a big believer in Ottawa real estate. I truly believe that in 25 years […]
It was another robust month of sales in Ottawa real estate. Over 1600 properties changed hands. That is a big number considering the 5-year trend is at about an average of 1500 units sold in July. Sales are up 6% compared to last year same time. Residential prices are up 5% over July of […]
The Ottawa real estate market continues to impress. We are certainly the leader in Canada right now in terms of market activity. Let’s look at the numbers. Our average price for a residential-class property was up 3.4% over last June, sitting at $449,200. In the residential-class property segment, there were 1,615 units sold which […]
