Recessions for Home Buyers/Sellers in Ottawa: What You Need to Know As the Canadian economy continues to navigate the lingering effects of the COVID-19 pandemic, the real estate market has experienced various changes, especially for those looking to buy or sell a home in Ottawa. The uncertainty of the economy can make it challenging to […]
Selling Your Home in Ottawa: A Comprehensive Guide If you plan to sell your home in Ottawa, you’re probably wondering how you should go about it. After all, selling a property can be a complicated process, and it’s essential to have a clear understanding of the steps involved to ensure a successful transaction. Worry not, […]
US Financial Institutions Defaulting – What Does That Mean For Canada? With 3 small to mid-sized banks (Silvergate Bank, Silicon Valley Bank, and Signature Bank) in the United States failing over the course of just under a week in March of 2023, you might be asking yourself what the far-reaching implications of such an event […]
How does the Tax-Free Home Savings Account work? The Tax-Free Home Savings Account (FHSA) is a type of savings account that allows Canadians to save money for a down payment on their first home or to pay for home renovations. Contributions to the FHSA may be deductible on your income tax return for the year […]
In an effort to cool down the Canadian housing market and make it more affordable for Canadians, the federal government has implemented a new policy aimed at restricting foreign buyers from purchasing real estate in the country. In this blog, we will discuss what the foreign buyer ban is, how it works, and what impact […]
You might’ve heard of a Tax-Free Savings Account (TFSA), a popular savings option in Canada that began on January 1, 2009. It allows Canadians like yourself to save and invest your money without paying taxes on growth or withdrawals. Now, there’s a new addition to the TFSA family – the Tax-Free Home Savings Account (FHSA), […]
Welcome to the May 2023 Ottawa Real Estate Market Update, where shifts in transactions and prices unfold. Despite a 40% decline in sales, price adjustments are evident, with Freehold and condo prices down 17% and 13%. Year-to-date figures hint at a recovery. The market’s pace is picking up, inventory levels show balance, and despite interest rate adjustments, opportunities abound for both buyers and sellers in Ottawa’s dynamic market. Connect with us to explore your options and goals.
What is Title Insurance? Title insurance is a type of insurance that provides protection against loss or damage that may occur as a result of defects or issues with the title of a property. It is a form of indemnity insurance that protects both the owner of the property and their lender. What does Title […]
Welcome to the April 2023 Ottawa Real Estate Market Update, where we unpack recent trends. Amid a 40% dip in transactions from last year, cautious buyers are observing disruptions in interest rates. Both freehold and condo prices have gradually declined, hinting at a controlled market adjustment. Signs of stabilization and growing demand indicate a future of rising prices, making this an opportune moment for both first-time buyers and investors. Discover the evolving landscape and potential opportunities ahead.
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