The real estate market in Ottawa is often a very competitive place to purchase real estate. When a house is listed that shows well and is priced aggressively it will often attract more than one buyer. This creates a multiple bid situation. I have been in this situation too many times to count. Twice in the last […]
The resale housing market showed a steady increase during the month of February. Coupled with a healthy inventory of properties for sale, this indicates we are heading into spring with a balanced market which is great for both buyers and sellers. Members of the Ottawa Real Estate Board sold 1,009 residential properties in February through […]
Have you ever bought something only because the price was good? I have and I always learn something from it. It is not the price that really matters, for me it is the value of the product or service. Perfect example is my accountant. My previous guy was a bit rough around the edges. He was slow […]
The Ottawa Resale Housing Market had a fairly typical January although inventory of homes for sale is higher than a year ago, offering more choice for buyers. Members of the Ottawa Real Estate Board sold 684 residential properties in January through the Board’s Multiple Listing Service® system compared with 677 in January, 2011, an increase […]
Most predictions are that Ottawa’s housing market will remain stable in spite of slower economic growth and the continued uncertainty in global markets. I tend to agree with this outlook. The only question mark relates to the upcoming federal budget. Substantial cuts to jobs in the public service could have a temporary effect on our […]
Resale home sales in 2011 were slightly above the five-year average of 14,326 and that’s really the story of the year. The market started off the year quietly, but gained momentum as the year progressed, including the best November on record. The total number of homes sold through the Board’s Multiple LIsting Service® system in […]
Last month was the best November on record for resale homes in Ottawa and shows that even as we head into winter – a normally quiet time in real estate – our market is alive and well and, in fact, is thriving. The inventory of homes for sale is higher than at this time last […]
Condominiums were the main driver of resale homes in October with condo sales up 14.5% from the same month in 2010. Residential sales were near-identical to last year’s. The rising popularity of condos is certainly evident in the numbers. In general, Ottawa continues to enjoy a steady resale market with sales very near the 5-year […]
Members of the Ottawa Real Estate Board sold 1,202 residential properties in September through the Board’s Multiple Listing Service® system compared with 1,071 in September 2010, an increase of 12.2 per cent. The five-year average for September sales is 1,160. Of those sales, 280 were in the condominium property class, while 922 were in the […]
How Much Can You Afford? Before you begin shopping for a home, it’s important to know how much you can afford to spend on homeownership. You will want to plan ahead for the various expenses related to homeownership. In addition to purchasing the home, other significant expenses will include heating, property taxes, home maintenance and […]
