State of Emergency Update: Here’s What You Need To Know About The Real Estate Market
By now, you’ve heard about the new COVID-19 State of Emergency announced taking effect today. You’re probably thinking, how does this affect the real estate market?… I am still looking to buy or sell. Well… Real estate continues to be an essential service, members are permitted to continue to transact business and open houses remain […]
Read moreCanadian Housing Market Outlook For 2021
THE RE-LOCATION TREND ACROSS CANADIAN HOUSING MARKET IS REAL! RE/MAX CANADA SAYS THEY EXPECT AVERAGE RESIDENTIAL PRICES TO RISE 4% TO 6% IN 2021 35% of RE/MAX brokers indicate that “move-over” buyers from other cities and provinces will continue to spark market activity in 2021 45% of RE/MAX brokers indicate that move-up buyers will likely […]
Read moreHome Seller’s Glossary: 20 Real Estate Terms to Know
When it comes to buying or selling a home, it may seem overwhelming and maybe even a bit daunting at times — there’s so much to do, from preparing your home to be put on the market, marketing, negotiations and paperwork just to name a few! Here is a detailed glossary from RE/MAX to help […]
Read moreOttawa Market Update – August 2020
We have seen an incredible increase of listings brought onto the market throughout July & August — approximately 300 more Residential & 175 more Condo listings added than what we saw this time last year! We suspect the surge in listings could be due to the fact that home owners feel ready to receive a […]
Read moreExploring Our Own Backyard – Our Favourite Day Trips Summer 2020
Now that most of us have to stay close to home this summer, we’ve really had to take it upon ourselves to explore our own backyard! And honestly, we’re loving it! One of the most amazing things about Ottawa is how close it is to surrounding cities, towns & cottage country. Here’s a small list […]
Read moreThe Ottawa Real Estate Market Can’t Get Enough
This past month has been quite a whirlwind in terms of real estate in the Ottawa region! 2,189 residential properties were sold in July through MLS®, in comparison to 1,838 sold in July 2019 — we’re talking a year over year increase of 19%! It’s incredible what we have seen in the last few months […]
Read moreOttawa Real Estate Market is on the Rise!
2,052 Residential Homes were sold in the Month of June, compared with 2,096 sold this time in 2019. While unit sales were down 55% in April & 44% in May, June is now only down 2% of figures this time last year — We can definitely agree that Buyers, Sellers, as well as Agents are […]
Read moreFirst Time Home Buyers: What You Need to Know
The home buying process is often so exciting, especially for first time home buyers, but often people forget to be informed & prepare themselves financially, which can often be daunting. We’ve outlined below what things home buyers need to prepare themselves for, that are sometimes overlooked! You May Qualify for the First Time Home Buyer […]
Read moreHow CMHC’s Recent Eligibility Rules will Impact Home Buyers in Canada
On June 4, the Canadian Mortgage and Housing Corporation (CMHC) announced that they will be implementing changes to the eligibility for mortgage insurance in response the global COVID-19 pandemic. These changes have been put in place to provide housing market stability as CMHC predicts a price drop in average housing prices in the upcoming year. Mortgage deferrals […]
Read moreOttawa Market Update – June 2020
Market Trends Last Month we saw the season flip from winter to summer in an instant, and we can say the Ottawa real estate market did the same! Ottawa Real Estate Board President Deborah Burgoyne explains, “Around mid-May, we started to see a restrained uptick in our numbers with monthly unit sales only 44% lower […]
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