Why Lowering Interest Rates Alone Won’t Solve the First-Time Homebuyer Dilemma

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Why Lowering Interest Rates Alone Won’t Solve the First-Time Homebuyer Dilemma Yesterday the Bank of Canada announced another interest rate reduction, this time being a more significant 50 basis points. However, while lower interest rates might help ease monthly mortgage payments, they’re not a silver bullet for making homeownership attainable. For first-time buyers in Ottawa’s […]

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Ottawa Real Estate Market Update November 2019

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October’s Whirlwind Resale Market The Ottawa real estate market is still hot despite the colder weather. Number of transactions is up. Average days on market is lower. Prices keep going up. If you are thinking of selling, now might be a great time. We can even negotiate a longer closing for the spring. Members of […]

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Ottawa Real Estate Market Update September 2019

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Sizzling Summer Continues into August 2019 Members of the Ottawa Real Estate Board sold 1,731 residential properties in August through the Board’s Multiple Listing Service® System, compared with 1,581 in August 2018, an increase of 9.5 per cent. August’s sales included 1,300 in the residential-property class. It’is up 9.7 per cent from a year ago. […]

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Ottawa Real Estate Market Update August 2019

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Hot Market in a Scorching July Members of the Ottawa Real Estate Board sold 1,842 residential properties in July through the Board’s Multiple Listing Service® System, compared with 1,605 in July 2018, an increase of 14.8 per cent. July’s sales included 1,382 in the residential-property class, up 12.3 per cent from a year ago, and […]

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Ottawa Real Estate Market Update July 2019

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Condo Sales Continue to Dominate Resale Market Members of the Ottawa Real Estate Board sold 2,105 residential properties in June through the Board’s Multiple Listing Service® System, compared with 2,064 in June 2018, an increase of 2 per cent. June’s sales included 1,612 in the residential-property class, on par with a year ago, and 493 […]

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Ottawa Real Estate Market Update June 2019

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Blossoming Condo Market Bolsters May Resales Members of the Ottawa Real Estate Board sold 2,423 residential properties in May through the Board’s Multiple Listing Service® System, compared with 2,271 in May 2018, an increase of 6.7 per cent. May’s sales included 1,869 in the residential property class, an increase of 4.6 per cent from a […]

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Ottawa Real Estate Market Update May 2019

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“Catch 22” Defines the April Resale Market Members of the Ottawa Real Estate Board sold 2,032 residential properties in April through the Board’s Multiple Listing Service® System, compared with 2,024 in April 2018, an increase of 0.4 per cent. April’s sales included 1,594 in the residential property class, on par from a year ago, and […]

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Ottawa Real Estate Market Update April 2019

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A Slow March into Spring Market for Ottawa Real Estate Members of the Ottawa Real Estate Board sold 1,511 residential properties in March 2019 through the Board’s Multiple Listing Service® System, compared with 1,654 in March 2018, a decrease of 8.6 per cent. March’s sales included 1,136 in the residential property class, a drop of […]

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