OTTAWA WEEKLY MARKET STATS

August 10, 2020

AUGUST 3-9, 2020 The market continues to be strong, as a number of people are moving into Ottawa. This is a great time to sell as prices are at an all-time high, realizing of course that COVID protocol is still being adhered to for both Buyers and Sellers to be safe...

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Ottawa House Prices up 20% in Hot July Market

August 10, 2020

The steady rebound we’ve seen in Ottawa’s resale real estate market over the past few months continued with a spectacular July.   Average sale prices for residential properties were up 20 % over the same month last year, and the number of properties sold was up 19 % over July of...

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Ottawa Weekly Stats July 13-19, 2020

July 20, 2020

The market continues to be strong, although some people are now considering to take holidays to break away from working at home. There are sections of the city that have a little slower market activity, but overall the number of listings vs. sales is still showing very much a Seller’s...

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Considering a Foreign Investment Property? Know Your Tax Rules

July 15, 2020

If you’re a Canadian considering purchasing a condominium or home abroad for rental income, it’s important you understand the rules that will apply when filing your income taxes. I sometimes assist clients who are interested in buying foreign property, whether it’s a vacation getaway they will be using for their own...

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Ottawa Weekly Stats July 6-12, 2020

July 14, 2020

I hope that you have all been keeping cool in this heat! That might be making you think to buy a cottage, or maybe a larger home! Not only is the weather hot right now but so is the Ottawa Real Estate Market. This past month saw more and more...

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Ottawa Resale Home Prices up 15 % in June-Market rebounds

July 6, 2020

Ottawa’s resale real estate market rebounded impressively in June, with average sale prices up 15 % for residential properties and 17 % for condominium units over June of last year, the Ottawa Real Estate Board has reported. With the number of properties for sale continuing to be lower than usual, we...

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OTTAWA WEEKLY STATS June 22-28

June 29, 2020

Ottawa continues to have a strong business framework and seem to be insulated from some of the financial repercussions of the COVID-19 business closures. Mortgage rates continue to slip lower. Incredible never before seen rates available for those in the market for home buying. Current 5 yr fixed rate, for an...

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Weekly Homes Sales Ottawa – June 15-21

June 22, 2020

Real estate services were considered to be essential in Ontario throughout the pandemic. As Ottawa continues to have a strong business framework we seem to be insulated from some of the financial repercussions of the COVID-19 business closures. The low interest mortgages, continued hiring by the Federal Government and hi-tech...

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Ottawa Home Sale Prices up 11.2% in May

June 4, 2020

The market continues to stay strong. Ottawa’s resale home market in May saw a nearly 50% increase in the number of sales transactions from April’s numbers. May also saw average sale prices up by more than 10% over the average prices in May of last year. 1,345 MLS listings were sold...

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Dreaming of a Cottage? I can Help

May 14, 2020

Many Ottawa-area families are thinking about finally buying that dream cottage as their personal retreat from the city, especially due to COVID-19. Many are considering stay-cations and cottages are a GREAT WAY to do so. Often those buyers are couples with young children, who look forward to relaxed days of...

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