Ottawa Market Update: May 2021
It’s been a wild year with Covid-19 and lockdowns & you’re probably wondering how this is STILL impacting Ottawa’s Real Estate Market today? Ottawa Real Estate Board President, Debra Wright states that “Although Ontario was in a lockdown in both May 2020 and May 2021, the impact they had on Ottawa’s resale market was quite […]
Read moreMarket Update: Stress Test
As some of you might be aware, Canada’s Top Banking Regulator is proposing to raise the mortgage stress test level to 5.25 % or two percentage points above the market rate- (whichever is higher). Currently, the stress test is at 4.79 %. So you’re probably wondering…How does this affect me when buying, selling, or investing […]
Read moreOTTAWA MARKET UPDATE – MARCH 2021
The month of March has continued to show how HOT the Ottawa Real Estate Market is! Ottawa has seen 2,285 residential properties in March through MLS, compared to 1,514 in March 2020, an increase of 51 per cent! March’s sales included 1,705 in the residential-property class, up 47 per cent from a year ago, and 580 in the […]
Read moreValentine’s + Family Day Fun In Ottawa This Weekend!
With COVID-19 protocols still in place, there is still plenty to do in the Nation’s Capital this Valentine’s / Family Day weekend! Check out these ways to experience the city virtually and spend time outdoors safely! Winterlude is taking place virtually starting today until Sunday, February 21! This year, download the brand-new Winterlude app (search […]
Read moreState 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 […]
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