Blog Articles

March was the month of redemption for the Ottawa residential market where it generated record home sales.   Residential Market   The residential market regained back its previous history of record sales growth with 1,302 residential homes sold in March compared to 1,165 residential homes sold in March 2017, an 11.8 per cent decrease.   The majority of Read more →

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For the second consecutive month, residential home sales in the Ottawa real estate market continued to decrease in February. There were 729 residential homes sold during that period compared to 770 residential homes sold during the same time period in February 2017, a 5.3 per cent decrease.    Once again, the contributing factor to the low residential home sales in February w Read more →

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The winning streak for record residential home sales in the Ottawa real estate market officially ended in January. There were 539 residential homes sold during that period compared to 545 residential homes sold during the same time period in January 2017. January is a typical period where there is not plenty of housing sales activity.   The contributing factor to the low residenti Read more →

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Why did the Ottawa real estate market have another record-breaking year? There are three critical factors that made this milestone happen:   The Growth of the Resale Residential Market    2-storey single detached-homes and townhomes and bungalows drove the residential resale market with a 15 percent sales increase compared to 2016. These homes accounted for 83% Read more →

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The Ottawa real estate market finished 2017 with record-breaking results in December based on the following factors:    Increased Record Sales In Residential Homes    Residential homes contributed to record sales where 566 homes were sold compared to 547 homes in December 2016, a 3.5 per cent increase.   Similar to November 2017, the ma Read more →

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Once again, the Ottawa real estate market maintained its ongoing momentum of record home sales for November due to the following factors:    Increased Record Sales In Residential Homes    Residential homes contributed to record sales where 945 homes were sold compared to 762 homes in November 2016, a 24 per cent increase.   The majority Read more →

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The Ottawa real estate market continues its steady rapid growth in home sales for the month of October due to the following factors:    Record Sales In Resale Residential Homes    The resale market for residential homes contributed to record sales where 982 homes were sold compared to 951 homes in October 2016, a 3.3 per cent increase. T Read more →

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The Ottawa real estate market still has not slowed down as it continued with a steady record of home sales for the month of September. This performance is driven by the following factors:    Consistent Record Condo Sales  Similar to August, the condo market continued to dominate in home sales where 311 condo units were sold compared to 269 units in September 2016, a 1 Read more →

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The Ottawa real estate market continues with record home sales for the month of August. This positive news is driven by the following factors:    Record Condo Sales in the Resale Market Similar to July, the condo market continued to dominate the resale market where 359 condo units were sold compared to 294 units in August 2016, a 22.1 per cent increase. The Read more →

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The Ottawa real estate market continues with steady sales growth due to the following factors:   Record Condo Sales in the Resale Market The condo market dominated the resale market where 332 condo units were sold compared to 278 units in August 2016, a 19.4 per cent increase. Most of the sales were in the $150,000 and $249,999 price range, accounting for 50 Read more →

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Will the Ottawa real estate market ever slow down? Not anytime soon, according to the latest record home sales generated in June. What stood out from these record home sales were the following factors:   Record Sales in the Condo Market 408 condo units were sold compared to 331 units in June 2016, a 23.3 per cent increase. Most of the sales were in $150,000 and $249,999 pr Read more →

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Ottawa still continues its tremendous momentum streak in record home sales for the month of May. This achievement was attributed to the following factors:    Record Sales in the Condo Market 444 condo units were sold compared to 1,612 units in May 2016, a 15 per cent increase. Most of the sales were in $150,000 and $249,999 price range, accounting for 50.7 per cent of Read more →

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  Number-crunching in your mind can be a difficult task to do because it involves processing complex calculations that require a calculator and a notepad to write on. Through the latest mobile technology, there is no need for you to use a calculator and a notepad. If you need to quickly calculate your closing costs for selling your home, property taxes, mortgage payments, or to Read more →

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The Ottawa real estate market is not slowing down anytime soon as resale properties contributed to a 28% increase in properties sold in the residential market in March, compared to the same month last year. The contributing factors to this sales growth record were: a substantial number of residential and condo properties in the $1 million+ price range being sold. Seven additional resi Read more →

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You are anxious and eager to complete an important renovation in your home. You realize that completing this project is an essential step towards increasing the value and appeal of your home. You recognize there are many building materials you need to buy to complete your renovation project. Unless you are a do-it-yourself renovator, you also need to find and hire a dependable contractor Read more →

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February was another busy month of record sales in the residential market where 1,010 properties were sold, compared to 908 properties sold in the same month last year, an increase of 11.2 per cent. Here are the highlights of the market’s performance in February: The majority of the sales were in residential homes priced in the $300,000 to $399,999 price range, followed by $400 Read more →

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Throughout my experience, I have seen plenty of homeowners having a difficult and frustrating time selling their house quickly at the highest possible price they are looking for. For example, I have seen homeowners desperately trying to sell their home quickly at the highest price in order for them to qualify to purchase their new dream home that is on the verge of being sold to other ea Read more →

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What a remarkable, record-breaking year for the Ottawa real estate market in 2016! Here is a summary of the key factors that contributed to the market’s record year: The Growing Resale Market Single detached-homes drove the resale market with a 5.7 per cent sales increase over 2015. Sales of residential homes and condominium units generated the highest increase in resale Read more →

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Once again, the Ottawa real estate market achieved record-breaking sales in the resale market in December 2016. There were a total of 715 residential and condo properties sold, a 1.7-per-cent increase where 703 properties were sold during the same month in 2015. Here are the highlights of the market’s performance in December: ● The majority of the sales were from homes sold for Read more →

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Ottawa’s consecutive record-breaking home sales streak came to an end in November, which traditionally is a typical pattern where homes sales slow down. However, the good news is that the condo market has started to move in a positive direction. This could be the result of reduced condo inventory levels, steady prices and the buyers being affected by the recent changes to the mortg Read more →

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