Preparing to Sell in Ottawa’s Spring Resale Market
March 19, 2023As winter comes to an end, the days are getting longer and the weather warmer, and with spring finally here, we begin what in Ottawa (and other cities) is the busiest time of year for selling and buying resale homes and condo units. If you’re planning to sell, I’d be happy...
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Ottawa Market Update: February
March 6, 2023Ottawa’s resale residential market in February continued to see the impact of higher interest rates, but there’s also good news for sellers and buyers. Compared to a year ago, when inventory was low and the sellers’ market was at its peak, average sale prices in February were down. The total number...
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A New Tax-Free Savings Account for First-Time Home Buyers
February 11, 2023If you’re planning to buy a first home and you’re saving for a down payment, there’s a new tax-free registered savings account worth knowing about, designed to help Canadians reach that goal a little sooner. Scheduled to start April 1, the federal government’s new program is known as the Tax-Free First...
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MARKET UPDATE: SUPPLY IS UP DRAMATICALLY
February 6, 2023The official numbers for Ottawa’s resale housing market in January are in from the Ottawa Real Estate Board, and we’re continuing to see good news for buyers. If you’re planning to buy a house or condo unit, you’ll be happy to hear that Ottawa’s resale housing market in January remained balanced,...
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What to Know about Ottawa’s Vacant Unit Tax
January 25, 2023If you own a residential property in Ottawa, you’ve likely heard about the city’s new Residential Vacant Unit Tax (VUT). The city sent letters in November to property owners to inform them of the new tax and explain how to declare the occupancy status of their properties by the deadline of...
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A Look at Ottawa House & Condo Prices: 2012 to 2022
January 23, 2023If you’ve been considering selling your house or condo in Ottawa, you’ve probably heard that in our city and others across Canada, the hot sellers’ market of the past few years has cooled and become a balanced market. For much of the pandemic, with little inventory and interest rates at historic...
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Ottawa’s Resale Market 2022
January 6, 2023The official numbers for 2022 are in, and average sale prices for residential properties and condo units in Ottawa were up 7 and 8 % over 2021 prices, despite the cooling market in the second half of the year. The average sale price for a residential-class property in Ottawa in 2022...
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Five Ways to Enjoy Boxing Week in Ottawa
December 22, 2022Happy holidays, everyone! The week between Christmas and New Year is a time when many of us have some welcome days off of work, parents have children at home from school, and we are sometimes in search of fun things to do. In Ottawa, it’s a great time to get out and...
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Ottawa’s Resale Market Now Balanced
December 7, 2022GOOD NEWS FOR BUYERS: Ottawa's resale market now balanced. If you’re planning to buy property in Ottawa, there’s some good news in the latest sales report from the Ottawa Real Estate Board. While interest rates have been rising in recent months, you’ll find that average sale prices are also lower than...
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Mortgage Pre-Approval: What’s Involved
November 24, 2022If you’re planning to buy property in Ottawa, you’ve probably heard mortgage and real estate experts, or friends recommend getting a mortgage pre-approval before you start. It’s something I strongly recommended to my buyer clients, for many reasons. With a pre-approval, a lender approves you for a specific mortgage and rate for...
