Fall 2017 - Ottawa Homes Spending Less Time On Market

By: Colleen Lyle & Joey Grimm

Fall 2017 - Ottawa Homes Spending Less Time On Market

Tags: Ottawa Real Estate Market News

  Compared to this time last year, the average number of days homes are spending on the market dropped from 55 to 45 days - a decrease of 17.7%.  For the month of October alone, there were 261 Real Estate transactions.  According to the Ottawa Real Estate Board, condominiums are driving the overall residential real estate market, with year-to-date sales up 21.4 per cent over last y...Read More

Ottawa's Resale Housing Market Tilts West

By: Colleen Lyle & Joey Grimm

Ottawa's Resale Housing Market Tilts West

Tags: Ottawa Real Estate Market

According to the Ottawa Real Estate Board, the Ottawa Resale Housing Market in West Ottawa neighbourhoods is outpacing those in Ottawa East.  Prices for Ottawa Single Family Homes have risen by 7.1% over the year to $403,000, however in all the areas tracked by the Board, 16 of them recorded double digit percent increases in house prices, and all these were in west end neighbourhoods.  C...Read More

September 2017, Ottawa Real Estate Market update

By: Colleen Lyle

September 2017, Ottawa Real Estate Market update

Tags: Ottawa Real Estate Market News

Steady September contributes to strong third quarter for 2017 October 4, 2017 Members of the Ottawa Real Estate Board sold 1,387 residential properties in September through the Board’s Multiple Listing Service® System, compared with 1,365 in September 2016, an increase of 1.6 per cent. The five-year average for September sales is 1,250. “We are seeing no slowdown in the condo ma...Read More

Canadian House Market Still Vulnerable Says CMHC

By: Joey Grimm & Colleen Lyle

Canadian House Market Still Vulnerable Says CMHC

Tags: Real Estate Market News

Moderate overvaluation and price acceleration continue to concern the CMHC which said Thursday that the Canadian housing market remains “highly vulnerable”.  In two reports, the agency said that construction is set to slow down by 2019 after a boost in 2017, but the level will remain close to the average from the past 5 years.  The markets considered highly vulnerable are Tor...Read More

Canada's Priciest Neighbourhoods - Ottawa Ranks 41

By: Joey Grimm & Colleen Lyle

Canada's Priciest Neighbourhoods - Ottawa Ranks 41

Tags: Ottawa Housing Market

Vancouver West Side is the priciest neighbourhood in Canada on a price-per-square-foot basis, and the city dominates the top 10. A nationwide study by Century 21 reveals that Vancouver West Side has a PPSF of $1,201 with the city’s Downtown second at $962.75 and Toronto Downtown taking third place at $818.86. READ MORE ... Source=RepMAG.ca   Got Questions About The Ottawa Real Estat...Read More

New Mortgage Rules Jan 2018, How Will This Affect You?

By: Colleen Lyle

New Mortgage Rules Jan 2018, How Will This Affect You?

Tags: Home Mortgages

  The mortgage rules are changing again January 2018 making it harder for some to qualify for a mortgage.  In this video Colleen discusses why ...   Have More Questions About This Topic, or about Ottawa Real Estate in general?   Ask Us Today!   ...Read More

By: Joey Grimm

Aug 2017 - Ottawa Real Estate Market Update

Tags: Ottawa Real Estate Market

The following is what the Ottawa Real Estate Board reported on how the Ottawa Real Estate Market performed in the month of August 2017... "OTTAWA, Sept. 6, 2017 - Members of the Ottawa Real Estate Board sold 1,538 residential properties in August through the Board’s Multiple Listing Service® System, compared with 1,481 in August 2016, an increase of 3.8 per cent. The five-year av...Read More

By: Joey Grimm

Ottawa Housing Starts Up 95% In July

Tags: Ottawa Housing Market

The following is an interesting article in the Ottawa Business Journal that talks about how Ottawa Housing Starts are up 95% in July, and how Ottawa Homebuilders are diversifying their construction projects. Click image to read more ...   Thinking of Buying or Selling a Home in Ottawa?  Talk to Us Today! ...Read More

By: Colleen Lyle

July 2017 - Ottawa Housing Market News

Tags: Ottawa Housing Market

        Source=Ottawa Real Estate Board Condo sales drive the Ottawa resale market in July August 3, 2017 Members of the Ottawa Real Estate Board sold 1,530 residential properties in July through the Board’s Multiple Listing Service® System, compared with 1,490 in July 2016, an increase of 2.7 per cent. The five-year average for July sales is 1,446. “Th...Read More

By: Colleen Lyle & Joey Grimm

May 2017 Ottawa Housing Market Update

Tags: Ottawa Housing Market

The Ottawa Real Estate board just released the latest housing market update for May... "Condo sales lead the way for stellar performance in May OTTAWA, June 2, 2017 - Members of the Ottawa Real Estate Board sold 2,300 residential properties in May through the Board’s Multiple Listing Service® System, compared with 1,919 in May 2016, an increase of 19.9 per cent. The five-y...Read More

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