june 2019 real estate Market Update Ottawa’s MLS Listing Market did well this month. As you can see below there were increases across the board. With inventory being so low the sellers remain quite happy while real estate buyers compete with multiple offers on seller’s designated offer dates.
Over the last year there have been some changes in real estate financing. First it was the introduction of the qualifying rate for insured mortgages. Yes back in the Fall of 2016 they introduced a rule where someone looking to buy a house or any type of real estate with a downpayment less than … Read more
I want to share some info about #Ottawa’s #realestate market. I pulled this graph from an article published on CBC.ca back in April of this year. http://www.cbc.ca/…/b…/cmhc-housing-market-warning-1.4086597 The graph is quite insightful about #Canada’s real estate market in general. It mainly speaks to CMHC’s ( Canadian Mortgage and Housing Corporation ) view of how properties … Read more
The Ottawa real estate market has been hot this year, but the question I’m hearing often from clients, family and friends is where is it going? Is it going to stay the course it is on? Will it level out? Well according to this CBC article there isn’t much of an indication that it is … Read more
Most people know that the Ottawa residential real estate market has grown significantly in the last year. What the vast majority don’t realize is that Ottawa’s commercial real estate market has also done very well. I want to share this article from the Ottawa Business Journal. It is a short description of how Ottawa has … Read more
The average price for residential properties in Ottawa sold in May jumped 7.4 year over year to $436,600, the Ottawa Real Estate Board reported Friday. It’s the second month in a row that has seen prices increase in excess of seven per cent, suggesting Ottawa’s real estate market is strengthening in favour of sellers. … Read more
As a Realtor you are there to provide a service to your client. “ Your best interests are most important when I represent you. “
Buying your first house got Cheaper this year, thanks to the changes in the land transfer tax regulations. As of January 1, Ontario’s first-time home buyers are eligible to receive a $4,000 land transfer tax rebate, an increase of $2,000. In cities where the average price of a home is $368,000 or less, the new … Read more
Spring is upon us and with the warmer weather comes the busy real estate season. Home owners try to sell their house to the right buyer. Money usually talks, but it is nice when as a home owner you feel you have found a buyer who’s family will have what you had, a HOME. There … Read more
There is a lot to consider when buying a house. Where do you want to live? What kind of property do you want? Condo? New build? Single family? Duplex? Here are somethings to think about when considering all the options. Decide what you want to buy Nowadays, there are many different types of homes to … Read more