Imagine going into a bidding war on a house against one of your best friends. Well, I was the Realtor caught in the middle. It was a cold, snowy night in Ottawa. I was on my way to show a house that had just come on the market to some really close friends of […]
Members of the Ottawa Real Estate Board sold 995 residential properties in November through the Board’s Multiple Listing Service® System, compared with 986 in November 2015, an increase of 0.9 percent. The five-year average for November is 939. The November’s sales included 230 in the condominium property class and 765 in the residential property class. […]
On Monday, the Ontario Liberal Government announced it is doubling the rebate on the land-transfer tax for first-time homebuyers to $4,000. This effort is to encourage first-time home buyers. The increased rebate will take effect January 1, 2017. According to the Ontario Finance Minister Charles Sousa doubling the refund will result in over half […]
Members of the Ottawa Real Estate Board sold 1,214 residential properties in October through the Board’s Multiple Listing Service® System, compared with 1,159 in October 2015, an increase of 4.7 per cent. The five-year average for October sales is 1,130. This is the third straight months of record-breaking resales. Residential sales are identical to that […]
Another month with records broken for residential and condo units sold – 200 more units sold than the 5-year average for September sales. Members of the Ottawa Real Estate Board sold 1,371 residential properties through the Board’s Multiple Listing Service® System, compared with 1,241 in September 2015 – an increase of 10.5%. With fewer listings […]
The Federal Government is taking steps to ease emerging risks in the country’s housing market. The new measures should slow the injection of foreign cash and will tighten the eligibility rules for prospective borrowers. The sizzling Toronto and Vancouver markets are out of reach for many Canadians and some fear that foreign investment money in […]
It’s hard to believe we got off to a quiet start this year. The market has been so hot as of late. We have had some record-breaking months in units sold. August was another hot month. There were 1484 homes sold in August – a 16.4% increase over the same month last year. This represents […]
This has been the best August on record EVER for Ottawa Real Estate Board members, blowing the average for August sales out of the water. There were 1,484 residential properties sold in August through the Board’s Multiple Listing Service ® compared with 1,276 in August 2015 – an increase of 16.3%. The five-year average for […]
One of the toughest choices facing Ottawa Buyers is exactly where to live. The city extends (on both sides of the Greenbelt) to the east, west and south of the downtown core. Figuring out what your target neighbourhood is can be a daunting task – especially if you are relocating to Ottawa. Schools and distance […]
I want to share this article from the Toronto Sun with you – it clearly spells out how real estate commissions work. The real estate industry operates on being paid only upon a successful result. This means that if your property does not sell or close, you do not pay. The fact that the fees […]
