Here’s the newest Suburban Statistics Series update. We’re highlighting stats for the five biggest urban neighbourhoods in Ottawa. Since Ottawa is pretty spread out, it’s interesting to see how things vary in each area. These stats are all based on MLS OREB sales from January 1, 2023, to March 31, 2023, compared to the same period from January 1, 2024, to March 31, 2024.
As the temperatures rise, so does the activity in the Ottawa real estate market. Buyers are emerging again, actively making offers on properties that are well priced and present well. While some sellers are hanging on to 2022 inflated prices they tend to remain sitting on the market.
The Bank of Canada’s target inflation rate stands between 1-3%, with our current standing at 2.9%. Although we’re within the target range, we’re not at the lower end, which is why we did not see an interest rate adjustment this past week. If we get that closer to 2% we might see some rate relief by June. Despite this, buyers are already factoring in possible changes and maintaining consumer confidence amidst a market of low inventory. This begs the question: will we maintain a balanced market, lean toward a seller’s market again, or shift to a buyer’s market.
Dive deeper with Chris’s predictions below. And, as always, if you’re curious about the latest trends in your neighbourhood, our team would love to provide a personalized assessment of what your home could fetch in today’s market
Here’s the newest Suburban Statistics Series update. We’re highlighting stats for the five biggest urban neighbourhoods in Ottawa. Since Ottawa is pretty spread out, it’s interesting to see how things vary in each area. These stats are all based on MLS OREB sales from January 1, 2023, to February 28, 2023, compared to the same period from January 1, 2024, to February 29, 2024.
Spring is approaching, and the real estate market, after a unique start in 2024 with hesitant buyers and sellers, is showing signs of optimism. Check out why we expect a pickup in activity as confidence grows, anticipating a dynamic and bustling season ahead. If you have questions about what’s happening in your neighbourhood, please don’t hesitate to get in touch. My team and I would love to have a chat with you.
Welcome to our Client Contest! This contest is designed to reward our valued clients who help us grow by referring new clients to our services. Participation in this contest is subject to the terms and conditions outlined below.
1. Eligibility
The contest is open to all existing clients and supporters except for family members of employees of our team.
Participants must be 18 years of age or older.
2. How to Enter
Participants enter the contest by referring new clients to our company who enter into an agency relationship with our firm. The clients must reference your name to get a ballot for the draw.
There is no limit to the number of referrals a participant can make.
Buying or Selling a home with our team between February 1st and December 1st 2024 would also qualify for 1 ballot for each transaction. Contract date must be within the specified time period.
3. Determining Winners
The winner(s) will be determined via a draw early December
4. Prizes
The grand prize is a $5000 travel voucher. We will work with the winning participant to finalize based on their travel preferences. For example, we can put towards Air Canada gift card or specific hotels or travel companies. We want to make it work for you!
5. Privacy
Personal information collected from participants will be used only for the purpose of administering the contest and not for marketing purposes unless consent is given.
6. Dispute Resolution
Any disputes arising out of this contest will be resolved by the company’s management, whose decisions are final and binding.
Here’s the newest Suburban Statistics Series update. We’re highlighting stats for the five biggest urban neighbourhoods in Ottawa. Since Ottawa is pretty spread out, it’s interesting to see how things vary in each area. These stats are all based on MLS OREB sales from January 1, 2023, to January 31, 2023, compared to the same period from January 1, 2024, to January 31, 2024.
Here’s the newest Suburban Statistics Series update. We’re highlighting stats for the five biggest urban neighbourhoods in Ottawa. Since Ottawa is pretty spread out, it’s interesting to see how things vary in each area. These stats are all based on MLS OREB sales from January 1, 2022, to December 31, 2022, compared to the same period from January 1, 2023, to December 31, 2023.
It has been an interesting 2023, to say the least! As interest rates go up, prices have been coming down. Sellers need to adjust their expectations while buyers finally have a chance to negotiate deals. New legislation that allows open bidding will definitely add an interesting twist to the market as we head into 2024. If you have questions about what’s happening in your neighbourhood, please don’t hesitate to get in touch. My team and I would love to have a chat with you.
Here’s the newest Suburban Statistics Series update. We’re highlighting stats for the five biggest urban neighbourhoods in Ottawa. Since Ottawa is pretty spread out, it’s interesting to see how things vary in each area. These stats are all based on MLS OREB sales from January 1, 2022, to November 30, 2022, compared to the same period from January 1, 2023, to November 30, 2023.
In the dynamic world of real estate, the sale of 38 Metropole Private #3201 stands out as a testament to the impact of strategic staging. Every single room underwent a full transformation, turning vacant spaces into luxurious, lived-in environments.
Each room was carefully staged with thoughtfully chosen furniture, art, place settings and more, creating an atmosphere that was not just aesthetically pleasing but also easy to picture living in. The once-empty spaces were brought to life, allowing potential buyers to envision their own lives within the confines of this sophisticated unit.
The success of 38 Metropole Private #3201 is a direct result of this intentional approach. By moving beyond the conventional and ensuring that every room was fully staged, the property transcended the ordinary. It ceased to be a collection of empty spaces and instead became a showcase of possibilities.
The impact was palpable as potential buyers, scrolling through listings, encountered a property that wasn’t just visually appealing but also evoked a sense of comfort and style. This focus on transformation, from vacant to inviting luxury was crucial to the successful sale of the home.
The strategic staging didn’t just contribute to a successful sale—it elevated the property’s desirability. Each room showcased a lifestyle waiting to be embraced. 38 Metropole Private #3201 is a prime example of how attention to detail in staging can turn a vacant space into a vision of luxury.
