COVID-19 & The Ottawa Real Estate Market
April 3, 2020It’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...
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Canada’s Prime Rate drops after third Bank of Canada rate cut
March 30, 2020With 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...
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Refinancing & Future home financing
March 26, 2020If 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....
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Low Interest Rates, Mortgage Payment Deferrals Among Good Housing News
March 26, 2020If 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...
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Ottawa’s Affordable Market Attracting Millennials & Entrepreneurs
March 16, 2020The 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...
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Average Ottawa Home & Condo Prices up 21% in Hot February Market
March 4, 2020If 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. ...
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Ottawa Expected to Remain one of Canada’s Most Desirable Real Estate Markets
February 20, 2020“Ottawa, after another gold star year of sales and price growth, is expected to remain one of the country’s most desirable markets.” For homeowners and home buyers in the Ottawa area, that’s one of the noteworthy conclusions in “The Hallmark Report 2020.” The report looks back at trends and average sale prices in...
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Buying a House or Condo? Here’s Why You Should Have a Buyer’s Agent
February 17, 2020Buying a home is an exciting but also nerve-racking venture these days. For many Buyers they are finding themselves having to pay over the listing price for a home they love and often rushing through the process this purchase is likely to be the most substantial investment in your life, engaging a Realtor who...
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Average Ottawa resale Home Price up 19.3% in January
February 6, 2020Members of the Ottawa Real Estate Board sold 780 residential properties in January of 2020 through the Board’s Multiple Listing Service (MLS) system. While that’s above the five-year average for January, which is 713, it’s down 4.5 % from the 817 properties that sold in January of last year, the Ottawa Real Estate...
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BEST PRICE WHEN YOU LIST YOUR PROPERTY IN FEBRUARY
January 20, 2020Have you been considering listing your Ottawa house or condo for sale in 2020, but have been hesitant, thinking you should wait until spring? In fact, Ottawa’s market conditions are considered “a sellers’ market” and there are several reasons why listing your property in February, March or early April could be a winning strategy. HERE ARE...
