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Ottawa Market Update – July 2013

Members of the Ottawa Real Estate Board sold 1,339 residential properties in July through the Board’s Multiple Listing Service® system, compared with 1,376 in July 2012, a decrease of 2.7 per cent. July’s sales are just below the five-year average of 1,347.  The market has cooled down slightly, but Ottawa remains balanced, and we are […]

Ottawa Market Update for June, 2013

Members of the Ottawa Real Estate Board sold 1,594 residential properties in June through the Board’s Multiple Listing Service® system, compared with 1,662 in June 2012, a decrease of 4.1 per cent. Throughout the years, overall sales have consistently decreased from May to June so this is “normal” for the time of year. June’s sales […]

Ottawa Market Update for May, 2013

Members of the Ottawa Real Estate Board sold 1,804 residential properties in May through the Board’s Multiple Listing Service® system, compared with 1,890 in May 2012, a decrease of 4.6 per cent. Sales are 233 units ahead of last month and the 5-year average for May is 1,802 sales so we are still on track. […]

Ottawa Market Update for April, 2013

Spring is finally here – and better late than never!  The traditional spring market is a bit later than usual this year due to the long winter we experienced. Members of the Ottawa Real Estate Board sold 1,573 residential properties in April through the Board’s Multiple Listing Service® system, compared with 1,568 in April 2012, […]

Ottawa Market Update for March, 2013

The market was forecasted to slow down in 2013, mostly as a result of recent mortgage changes, and indeed, the Spring Market is showing a moderating trend.  Members of the Ottawa Real Estate Board sold 1,167 residential properties in March through the Board’s Multiple Listing Service® system, compared with 1,388 in March 2012, a decrease […]

Military Moves

Spring is almost here!  The weather is getting a bit warmer, days are a little longer,  and the real estate market is picking up steam.  This is in large part due to the many military personnel who transfer into and out of Ottawa this time of year. I am so lucky to have the pleasure […]

Ottawa Market Update for February 2013

The Ottawa Resale Market is moving in the right direction! If we compare sales for February 2013 with sales for February 2012, we see a decrease of 9.3% – a response to some of the government changes in an attempt to “cool down” the market.  The good news, however, is that sales seem to be […]

Ottawa Market Update for January, 2013

Members of the Ottawa Real Estate Board sold 602 residential properties in January through the Boards Multiple Listing Service® system, compared with 682 in January 2012, a decrease of 11.7 per cent. “The Ottawa resale market, which started to flatten out in November and December  maintained its steadiness into January,” says Tim Lee, President of […]

What you Should Know about For Sale By Owner Companies

The Canadian Real Estate Association has been under recent pressure to allow for-sale-by-owner companies to advertise listings on MLS®.  The idea is to give the consumer more cost effective choices.  Since early 2011 the for-sale-by-owner companies have been given access to post “mere listings” on the MLS®. The two largest companies competing for this type […]

Ottawa Market Update for 2012

Happy New Year Everyone! We are fortunate to live and work in a city with a stable real estate market. While the number of residential units sold in December 2012 (618) through the Board’s Multiple Listing Service® system was lower than units sold in December 2011 (695), we are still on track to the five-year […]