As a whole it was a stable year for Ottawa Real Estate in 2014. Sales were fairly flat and prices were up about 1.2%. The average selling price for all housing types was $361,712, an increase of 1.2 per cent over 2013. The most significant change we have seen in the market is the build […]
Every year I go through statistical reports from CMHC, top brokerages, economists, and our local real estate board. My objective in this research is to try and get a feel for where the market is heading in the upcoming year. I also poll other Realtors in my office to try and get a gauge on […]
‘Tis the Holiday Season! It sure came around quickly! Let’s hope the winter passes by just as quickly!! Members of the Ottawa Real Estate Board sold 893 residential properties in November through the Board’s Multiple Listing Service® system, compared with 888 in November 2013, an increase of 0.6 per cent. The five-year average for November […]
Members of the Ottawa Real Estate Board sold 1,121 residential properties in October through the Board’s Multiple Listing Service® system, compared with 1,089 in October 2013, an increase of 2.9 per cent. The five-year average for October sales is 1,076. The local residential listing inventory is up 12.5% from 2013, with 7,550 active listings at […]
Our community is fortunate to enjoy one of the most stable real estate markets in Canada. Overall the Ottawa real estate numbers for September are right in line with 2013’s. Condos are the only segment that is struggling a little bit right now. Inventory in this segment remains very high. This is putting downward pressure on […]
We were talking today about some embarrassing moments being a Realtor. I have had a few. The front runner was pretty easy to identify. I was waiting in my car for my chance to present an offer on behalf of my clients. We were in a multiple bid situation. It was an unusually dark night. […]
The children are back in school – a sure sign that summer is coming to an end! Members of the Ottawa Real Estate Board sold 1,203 residential properties in August through the Board’s Multiple Listing Service® system, compared with 1,216 in August 2013, a decrease of 1.1 per cent. The five-year average for August is […]
It now looks like the initial move of DND employees to the former Nortel Campus on Moodie Drive at Carling has been delayed until late 2015. The original plan was for the first group of 3,300 employees to start moving in January of 2014. Eventually, 8,500 military and civilian employees will move to the new […]
Imagine going into a bidding war on a house against your best friend. 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 mine. It looked […]
Second highest July sales on record For those of you who like really hot weather, this has not been the best summer. It has, however, been a good summer – at least so far – for real estate. Members of the Ottawa Real Estate Board sold 1,445 residential properties in July through the Board’s Multiple […]
