Market Correction or Crash? I think everyone understands that the Ottawa real estate market is a much different landscape today than it was in February. The current prices feel similar to where they were last year without the bidding wars. A few people have asked if I think the market is going to crash or […]
The market has really changed drastically in the past 4 to 6 weeks. This is the fastest I have ever seen a market shift in my career. Why has the market shifted? There are really several factors at play right now. Interest rates have been steadily rising through the first half of this year. This […]
The real estate market has shifted. There is no question we are not in the extreme seller’s market we experienced in February. Prices have slightly retreated from the peak. One of the biggest differences I am seeing is that buyers have been much more cautious. The recent interest rate hike and announcement of more coming […]
Firstly, I am someone who is totally behind choices for consumers. I just want the public to understand some of the choices they have. We are hearing lots of ads on the radio about the company Unreserved. They want to disrupt the real estate industry. They have been in our market center for a little […]
Gordon Gecko would certainly have you believe that greed is good! My philosophy is that you want to absolutely maximize as a seller and be a bit greedy but also diligent that you do not put yourself in a position where you will end up with less. It is a balancing act that I believe […]
Do you know one of the most common questions I’m getting right now about the real estate market is, are we at our peak? Or is the market starting to decline? It’s a tough question to answer because there are a lot of variables at play right now. We have interest rates rising by a […]
Things are picking up as we head into the Spring season. We have seen a 52% increase in transactions from January to February of 2022 via MLS. This is a strong indicator that the Spring market has sprung. The number of new listings in February (1,762) offers some hope for prospective Buyers. At 4% higher […]
We recently took a listing in a building where 3 other identical units were up on the market at the same time. These units had all spent considerable time on the market. Of course, our sellers were concerned that they would be unable to sell. Our sellers were open to staging the home and already […]
We are starting this February in very much a similar way to the last 2 years. Housing inventory in Ottawa is scarce and sellers are cashing in on this once-in-a-lifetime market. This year feels different because we are already starting with high prices thanks to the last few years of double-digit increases in Ottawa home […]
I wanted to revisit this comparison that we did back in 2018. I thought it would be interesting for us to again compare prices in GTA vs Ottawa to see where we sit. Toronto has always been among the highest real estate prices in Canada and North America. Ottawa however is starting to close the gap. […]
