Archives for Ottawa Real Estate

Market Snapshot: June 2019 Ottawa Real Estate update

July 8, 2019 | Comments Off

Condo Sales Continue to Dominate Resale Market | Ottawa Residential Average Sale Price Climbs over $500K for the first time ever July 4, 2019 from the Ottawa Real Estate Board’s latest News Release Members of the Ottawa Real Estate Board sold 2,105 residential properties in June through the Board’s Multiple Listing Service® System, compared with 2,064 in June 2018, an increase of 2 per cent. June’s sales included 1,612 in the residential-property class, on par with a year ago, and 493 in the condominium-property class, a rise of 8.8% from June 2018. The five-year average for June unit sales is
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Ottawa Real Estate highlights & Market Snapshot April 2019

May 6, 2019 | Comments Off

Ottawa Real Estate Highlights April 2019: There’s been an upward pressure on prices due to the continuing lower supply levels (residential supply is down 18%, and condo inventory is down almost 40% from last April 2018 according to the latest OREB stats). However these price points are “still well under the Canadian average, and our residents tend to be in comfortable financial situations due to secure employment and a thriving local economy.” [President of the Ottawa Real Estate Board] who also notes that “Certainly, the stunted supply is likely responsible for the multiple offer situations we are experiencing, but the reality
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OTTAWA REAL ESTATE HIGHLIGHTS: Higher Prices, Fewer Residential Sales

April 3, 2019 | Comments Off

Tightness of listing supply is significantly reducing days on market, properties are selling very quickly. The latest statistics are out from the Ottawa Real Estate board! here are the highlights… 1,511 residential properties were sold in March through the Board’s Multiple Listing Service® System, compared with 1,654 in March 2018, a decrease of 8.6 per cent. 1,136 in the residential property class, a drop of 12.4 per cent from a year ago, and 375 in the condominium property class, an increase of 5 per cent from March 2018. The five-year average for March unit sales is 1,402. The average sale
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OTTAWA REAL ESTATE HIGHLIGHTS: Higher Prices but Fewer Sales in MARCH 2019

April 3, 2019 | Comments Off

Why Use a Full Service Realtor?

March 7, 2019 | Comments Off

The decision to buy or sell a home is a big one; there is so much to think about and do! A home is likely the largest investment you will ever, or have ever, made in your life and it’s important to have someone you can trust to make the process as smooth as possible and offer expert advice. A Royal LePage Team Realty Realtor® offers full service support which ensures that you will have experience, knowledge, and expertise in your court every step of the way as you navigate your next move. Most importantly, a full service Realtor® will
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Why Use a Full Service Realtor®?

March 7, 2019 | Comments Off

Ottawa Real Estate Update: February Buyers Snap Up Limited Inventory

March 5, 2019 | Comments Off

FEBRUARY 2019 Ottawa Real Estate MARKET HIGHLIGHTS Buyers Snap Up Limited Inventory! HIGHLIGHTS (RELEASED BY THE OTTAWA REAL ESTATE BOARD MARCH 5TH, 2019) Total properties sold: 1,005 residential properties sold on MLS® compared with 978 in February 2018, an increase of 2.8% 756 in the residential property class, a rise of 3.8% over Feb 2019 249 in the condominium property class, a decrease of 0.4 % from February 2018. The five-year average for February sales is 949. “February has been a strong month, and with year-to-date unit sales 8% higher in both the condo and residential categories, it is looking
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Getting Ready to Sell Your Home in Winter: What You Need to Know

November 8, 2018 | Comments Off

Selling your home in the winter Real Estate market may seem undesirable to some, but it has many overlooked advantages that actually make the cold dreary season a potential sellers-market! One thing found is that winter buyers are generally more serious, which makes complete sense, as most people don’t find joy in dawning winter-wear and bracing cold icy roads and weather just to check out the real estate market on a lazy sunday. Additionally, with fewer properties listed for sale, the market is smaller, making it easy to stand out in the neighbourhood. Keeping up with yard work and weeding
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Ottawa Real Estate Market Snapshot October 2018

November 6, 2018 | Comments Off

Highlights from the Ottawa Real Estate Board’s Latest News Release read full story Halloween has not Scared Away Home Buyers “October’s sales are truly indicative of the fast-paced market we have experienced for much of 2018,” points out Ottawa Real Estate Board President, Ralph Shaw. “In some pockets of the city, listings are not lingering on the market. Year-to-date average Days on Market (DOMs) are down 14% from 45 to 39 days for residential homes and 24% from 68 to 51 days for condominiums.” “However, lack of supply continues to be a major driving factor in Ottawa’s real estate market,”
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Home Renovations with a Great Return on Investment

October 24, 2018 | Comments Off

Home Renovations with a Great Return on Investment We’ve all been there: “I love our kitchen, but what if we added an island?” or “our en suite bathroom is great, but it’s missing a little colour” or even “our basement is so spacious, I wonder what it would look like finished”. Sound familiar? If you can relate with any of the above questions (or have debated a slightly different tweak to your home) then you’re likely well-acquainted with the idea of home renovations and how they can truly revamp a living space (or two). But what if we told you
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