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 […]
If you’re like most people, buying a home is the biggest investment you will ever make. Whether you’re buying a starter home, your dream home or an investment property, you should find an agent with experience in the local market to ensure you are making the most informed decisions you can, every step of the […]
