This is an interesting development that may affect military postings into and out of Ottawa. With the move to the new DND headquarters the military is making an effort to get leaner. Part of the Defence Renewal Program launched in 2013, the initiative to reduce the number of staff at Ottawa’s NDHQ by between […]
It has been a good summer for Ottawa real estate, though prices are still fairly flat and there are some listing inventory concerns. August was a good month with unit sales increases for both residential properties and condos. Residential unit sales are up 5.3% YTD and the average selling price is up 1.9% to $395,437. […]
This August I had the pleasure of working with Erick and Mandy for the fourth time. One of my favourite clients! They originally relocated to Ottawa from the Petawawa base about 9 years ago. They bought a small townhouse in Kanata. It was the perfect place for them at the time. A few years later […]
Members of the Ottawa Real Estate Board sold 1,436 residential properties in July through the Board’s Multiple Listing Service® system, compared with 1,440 in July 2014, a decrease of 0.3 per cent. The five-year average for July sales is 1,380. The average cumulative days on market increased slightly to 78 days, compared to 74 last […]
Year to date sales for the first half of 2015 are up 4.9% over the same period in 2014. This is very positive news for the Ottawa real estate market. Low interest rates and a good local economy have helped sustain these levels. There is more inventory this year than in years past so Buyers […]
The Ottawa resale market remains steady and strong! This has been the most active May since 2009. Despite all the doom and gloom you hear on the news, the Ottawa real estate market remains very stable. The inventory levels are high which means lots of selection for buyers. By most accounts it would be considered […]
According to CMHC, MLS® sales are expected to remain flat between now and the end of 2016 and in spite of flat sales and rising listings, balanced market conditions will prevail in 2015. Listings will edge higher in 2016 and, as a result, the average price of a resale home will show a small increase. […]
The real estate market is in full swing at the moment. We had a really busy April. I was involved with 5 separate multiple bid situations in April. This is the surest sign that buyers are out of hibernation and eager to find something. This past month there were over 1570 residential properties sold. This […]
The Spring Market in Ottawa Real Estate is alive and well! Members of the Ottawa Real Estate Board sold 1,208 residential properties in March through the Board’s Multiple Listing Service® system, compared with 1,184 in March 2014, an increase of two per cent. The five-year average for March sales is 1,236. March’s sales, which numbered […]
DND employees were supposed to start moving in to buildings at 3500 Carling Avenue site by the end of this year but that will be delayed for at least nine months as the federal government spends $30 million to fix the structural problems. Existing leases for DND offices around the Ottawa area will have to […]
