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...
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OTTAWA RESALE MARKET ADJUSTING TO RISING RATES
November 4, 2022Ottawa’s resale residential real estate market is continuing to see adjustments and corrections stemming in part from rising interest rates, the Ottawa Real Estate Board says in its report on sales results for October. While the average sale price for condominium properties in Ottawa was up 9% over October of 2021,...
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More Listings Create Better Balance in Ottawa Market
October 6, 2022There is good news for buyers in the report from Ottawa’s resale real estate market in September. If you’re looking for a home, the number of new listings added to the market in September was up, creating more choice for buyers who for much of the past year faced intense competition...
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Enjoy Pumpkin Season at These Ottawa-area Farms
September 30, 2022As a Realtor in Ottawa for more than three decades, I’ve worked regularly with home buyers who are new to the city and just starting to discover its attractions. One of the things I love pointing out to clients is how easy and fast it is to get out of the...
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Ottawa Continues Shift toward Balanced Market
September 12, 2022Uncertainty over rising interest rates continued to cool Ottawa’s resale residential real estate market in August, with total transactions for the month down more than 25% from August of last year, the Ottawa Real Estate Board has reported. Average sale prices, however, were still up from where they were a year...
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Ottawa heading towards Balanced Market
August 4, 2022If you’ve been considering buying a home in the Ottawa area, there’s some good news that could make your purchase easier in coming months. After more than a year of intense competition in what’s been a seller’s market, Ottawa is now on the way towards a balanced market, the Ottawa Real...
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Ottawa’s Resale market Continuing to Normalize
July 6, 2022Rising interest rates continued to have an impact on Ottawa’s resale real estate market in June, with a 29% drop in the number of properties sold compared to June of 2021, the Ottawa Real Estate Board has reported. In good news for buyers, inventory has increased, meaning there is more selection...
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BUYER/SELLER Tips for Ottawa’s Cooling Market
June 15, 2022If you’re planning to buy or sell property soon, you probably already know that the frenzied sellers’ market we’ve seen in Ottawa for more than a year is starting to cool. To combat inflation, the Bank of Canada started raising interest rates in March from the record lows of recent years....
