Dreaming of a Cottage? I can Help

May 14, 2020

Every year at this time, as the days get warmer and longer and outdoor life starts to beckon, many Ottawa-area families start thinking about finally buying that dream cottage as their personal retreat from the city. Often those buyers are couples with young children, who look forward to relaxed days of...

Read More

Ottawa Home and Condo Prices up more than 6% in a Challenging April

May 5, 2020

It will not surprise anyone that the number of properties sold in Ottawa in April was down in the face of the COVID-19 crisis, but there is also considerable good news to share about prices, I’m happy to report. The average sale price for condo units and residential-class properties were up...

Read More

Ottawa still has an active real estate market

April 16, 2020

As we face uncertainty because of the virus pandemic, many of our lives have changed considerably. In my work as a Realtor, I’ve heard from many people who are putting a temporary hold on their plans for home buying or selling. That’s completely understandable. With a lot of things to deal with,...

Read More

Ottawa House Prices up 16.5% in March

April 9, 2020

The average sale price for an Ottawa residential home in March was $559,739 _ up 16.5 % from March of 2019, and up 18.8 % year-to-date, the Ottawa Real Estate Board has reported. In its announcement of sales numbers in the Ottawa resale market in March of 2020, the Board reports the average sale price...

Read More

COVID-19 & The Ottawa Real Estate Market

April 3, 2020

It’s that time of the year when many people think of making a move, but 2020 is a bit different. Here at NANCY BENSON & ASSOCIATES we are still considered an essential service and therefore have had to change the way that we are doing business. COVID-19 has certainly changed the landscape, but...

Read More

Canada’s Prime Rate drops after third Bank of Canada rate cut

March 30, 2020

With all the uncertainty we’re facing these days because of the virus pandemic, it’s nice to share some good news this week: Canada’s prime lending rate is falling to 2.45% after the Bank of Canada just announced another emergency rate cut. On March 27, the Bank of Canada lowered its target for the overnight rate...

Read More

Refinancing & Future home financing

March 26, 2020

If you’re following the real estate market, likely you know that mortgage rates are at an all time low. We at Nancy Benson & Associates, with our strategic partners in the finance sector, are suggesting that this is a great time to get pre-qualified for a mortgage, or perhaps to think about refinancing....

Read More

Low Interest Rates, Mortgage Payment Deferrals Among Good Housing News

March 26, 2020

If you’re a homeowner facing uncertain cash flow because of the current virus pandemic, there’s some positive news from Canada’s major banks and the City of Ottawa about deferral of mortgage and property tax payments. There is also good news for those who are thinking of buying property soon and are shopping for mortgage...

Read More

Ottawa’s Affordable Market Attracting Millennials & Entrepreneurs

March 16, 2020

The trend is certainly noticeable as the prices in Ottawa have started to increase. I’ve helped a number of clients moving to Ottawa from abroad and from other parts of Canada and the United State as they find Ottawa a very affordable city and notably a “green” city. So I wasn’t surprised at...

Read More

Average Ottawa Home & Condo Prices up 21% in Hot February Market

March 4, 2020

If you’ve been thinking about selling your home or condo in the near future, the news from Ottawa’s resale home market in February shows why the numbers are in your favour. The numbers, just released by the Ottawa Real Estate Board, tell the story of a very hot market in February of 2020. ...

Read More