The Stittsville real estate market has had an incredible roller coaster ride of prices since the pandemic began in 2020. With prices peaking in early 2022. Since that time Bank of Canada’s measures to fight inflation through interest rate hikes has had a significant impact on house prices in our community. For this report, we […]
When purchasing a home it is important to know what the extra costs will be. The projections below are an estimate of expenses involved in a typical real estate purchase. Not all of these costs* will apply in all circumstances. LEGAL/ RELATED FEES INSPECTION COSTS Lawyer Fee $900-$1100 Home Inspection $500-$600 Legal Disbursements $600-$800 Status […]
When looking back on last year, it’s important to know that February 2022 represented the absolute peak of our local real estate market. We had the perfect storm of low-interest rates, high demand and extremely low inventory which of course caused prices to spike. This year our market is in a very different situation. We […]
Here is the most recent installment of our new monthly value-added feature, the Suburban Statistics Series. This series showcases statistics for the 5 largest urban neighbourhoods in Ottawa. As Ottawa is such a spread-out city it’s great to see the variances from area to area. All of these statistics are based on MLS OREB sales […]
Buying a home can feel overwhelming for many. That’s why it’s so important to get the guidance of a great Ottawa Realtor. Our team can certainly help you navigate this stressful time and help make it enjoyable and stress-free. There are so many things to take into consideration when buying a house. Here are a […]
With interest rates potentially holding steady the Ottawa market may be on the verge of heating up. Buyers are still super cautious but there are plenty of well-qualified buyers in the marketplace right now. Judging by full open houses and good showing activity. The challenge is that no buyer wants to make a large purchase […]
Here is the most recent installment of our new monthly value-added feature, the Suburban Statistics Series. This series showcases statistics for the 5 largest urban neighbourhoods in Ottawa. As Ottawa is such a spread-out city it’s great to see the variances from area to area. All of these statistics are based on MLS OREB sales […]
The Bank of Canada announced a small interest rate hike this week, up .25%, seeing the rate now sitting at 4.5%. This is the smallest of the rate increases since last March. I don’t think it will make a big impact in Ottawa. What this will do is bring further stability to our market […]
REAL ESTATE ADMINISTRATOR The ideal Administrator for The Chris Scott Team will be someone who already has Real Estate industry experience or an administrative position background. This person would be interested in the operations and administrative aspects of the business, rather than sales. If the idea of implementing systems, building out a structure, and creating […]
OTTAWA REAL ESTATE REPORT Ottawa 2022 Real Estate Market Report Review This past year was one that I will not soon forget! In the beginning of January I remember one of our team listings selling with 20 plus offers on it for an absolutely surprisingly high price. The ensuing few months brought more of the […]
