February Buyers Snap Up Limited Inventory
Members of the Ottawa Real Estate Board sold 1,005 residential properties in February, compared with 978 in February 2018, an increase of 2.8 per cent. February’s sales included 756 in the residential property class, a rise of 3.8 per cent from a year ago, and 249 in the condominium property class, a decrease of 0.4…
Ottawa – a Real Estate Market to Watch in 2018!
You could be forgiven if you’ve paid no mind to Ottawa’s real estate market as the action in Toronto and Vancouver has stolen the headlines. But those in the know are already seeing Canada’s capital as a market to watch in 2018 and beyond. Bank of Montreal Senior Economist Robert Kavcic wrote the Ottawa real…
Ottawa Real Estates Great Housing Divide – East vs West
A significant divide has opened up in Ottawa’s housing market, as the city’s economic centre of gravity shifts to the west. The split has been growing for months but rarely has it been as clear as it was in August. While the benchmark price for single family homes climbed 6.6 per cent year over year…
Get Your Home Ready For Fall & Winter
As you and your family enjoy the last days of summer, you might already be anticipating the cold weather that is coming. Many people become so busy with the onset of the school year, or life in general, that cooler air arrives before they are ready for it. That’s why it makes sense to start…
Bank of Canada Rate Increases 1/4 point today – Now what to do with variable rate mortgages??
Today marks a rare moment for many of my variable-rate borrowers because the Bank of Canada hasn’t raised its overnight rate in more than seven years, which means there are many among this group who have never experienced a rate rise (this is the part where the older generations shake their heads). Well, after years…
Ottawa Real Estate Outpacing Toronto!!
Ottawa’s housing market is becoming much livelier with realtors reporting a nearly nine per cent jump in June year over year, in prices and number of transactions alike. The average sale price for residential properties in Ottawa was up 8.8 per cent to reach $434,500 in June, while prices for condominiums surged 9.4 per cent…
WORKED SO HARD…
Tom worked so hard for us to get us into our first home. As a military family searching for a relocation home I couldn’t imagine a better realtor for the job! It was a stressful week and he made it as easy as he could for us.
Amanda and J
5 Things to know about the New Ontario 15% Non- Resident Speculation Tax
Although the Province has just announced the 15% Non-Resident Speculation tax, there are already more questions than answers. Here is what you need to know. The tax is for non-residents of Canada buying 1-6 residential units in the Golden Horseshoe area of Ontario. This tax is in addition to any Land Transfer Tax payable. It…