In a groundbreaking move announced today by Finance Minister Chrystia Freeland, the Canadian Federal Government has extended the maximum mortgage amortization period for insured mortgages for first-time homebuyers from 25 years to 30 years. This significant policy change aims to make homeownership more accessible by spreading out mortgage payments over a longer period, potentially easing the financial burden for aspiring homeowners. Read our full article exploring the implications of this announcement and what it means for homebuyers and the real estate market.
A lot has happened in the Ottawa Real Estate Market over the past few years. In this article we endeavor to make sense of the events that led us into the current market conditions, and try to look into the clouded future to see what is next to come for Ottawa home buyers and sellers. […]
Welcome to the August 2023 Ottawa Real Estate Market Update. Amidst a slower year in sales, the market showcases resilience. Home prices remain stable, even appreciating slightly, while inventory and transaction times balance out. Whether selling or buying, strategic approaches are key in this dynamic landscape. Connect with us to navigate these evolving trends.
Welcome to the July 2023 Ottawa Real Estate Market Update. In a market marked by improved sales, stable pricing, and a balance between demand and supply, nuances tell a compelling story. Strong buyer interest and limited inventory create equilibrium, and although prices show stability, long-term prospects remain positive. For personalized insights and discussions on this evolving landscape, we’re here to connect.
Welcome to the June 2023 Ottawa Real Estate Market Update, revealing a dynamic market in action. Sales surged by 6%, with shorter days on market and limited inventory favoring sellers. Prices are ascending, signaling a potential rebound. Amidst potential interest rate changes, strategic decisions are key for both buyers and sellers. Reach out to us for personalized insights in this evolving landscape.
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.
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.
Last year, if you sneezed, a house had sold. It was that fast! It is more balanced this year and we are glad to see it. Last year we emphasized how unbalanced the Ottawa market was, and we are glad to see it returning to a more healthy market for everyone. Both buyers and sellers […]
The Ottawa Real Estate Market is feeling very balanced right now. There are some hot spots where homes are moving very quickly, and the average number of days it takes to sell your home is varied, depending on many different factors. This is one reason that it is important to have a trusted Real Estate […]
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