New Mortgage Rules – Renewing and Refinancing January 1st, 2018 Canada’s new mortgage rules came into effect and it was big news. These new rules appear to have the greatest impact on those looking to qualify for a new mortgage but if you are looking to renew or refinance your mortgage, you may be impacted […]
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The Ottawa Real Estate board’s recently released statistics show that home buyers are still actively searching for properties. Sales were up over 7% (year over year) in spite of the low inventory, which is a trend that is continuing from 2017. January 2018 listings 994 (RES) and 406 (CONDO) compared with the 5 year 1,396 for
Ottawa Real Estate Market Update : Low Inventory Continues Into 2018 Read More »
There’s no doubt about it, Ottawa has topped the list of real estate markets to watch in 2018. With it’s ever growing communities, and variety of opportunities for all ages, Ottawa ranks among the world’s most desirable cities to call home. With is diverse neighbourhoods, excellent education system, distinct seasons, and constant opportunities for entertainment,
Moving to Ottawa? The Real Question is "Why Not?" Read More »
An Era of Change: 2018 Canadian real estate is in an era of change. 2017 closed with a bang, as we saw some of the largest increases in real estate prices in nearly a decade. The curiosity now turns to 2018, and what can we expect to see in Ottawa, and across Canada. Ottawa is climbing
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2017 was quite a year in the Ottawa Real Estate market; record breaking numbers in units sold (condominium sales up over 22%) and double digit (percentage) increases in average sale price in several neighbourhoods, Canada 150 (or should we say Ottawa 150?!) was anything but average! Below we’ve included the latest news release from the
A Strong Finish for Ottawa’s Real Estate Market in 2017 Read More »
It’s hard to believe November is over but here we are! If you’ve been following Ottawa real estate you’ll know it’s been a busy 2017 and December will likely be no exception. With the new mortgage rules coming into play in a few short weeks, many buyers are motivated to have firm deals completed before
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What home buyers need to know before 2018 As of January 1, 2018, Canadian homebuyers will have to meet stiffer requirements in order to qualify for a mortgage with a federally regulated mortgage lender. Why are the Mortgage Rules changing? As Canada’s financial “watchdog” OSFI believes these new rules will decrease the risks for Canadian
What Canadian home buyers need to know NOW about the upcoming changes to Mortgage rules Read More »
posted November 2nd, 2017 by the Ottawa Real Estate Board “Leaves may be falling, but the real estate market is not” OTTAWA, Nov. 2, 2017 – Members of the Ottawa Real Estate Board sold 1,243 residential properties in October through the Board’s Multiple Listing Service® System,compared with 1,214 in October 2016, an increase of 2.3
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“Steady September contributes to strong third quarter for 2017” It’s hard to believe that the fall real estate market has arrived, but here we are in October! If you’ve been following Ottawa real estate this year you’ll know that it’s been a record breaker, particularly with the number of sales year over year. According to
Ottawa Real Estate Highlights September 2017 Read More »
Condo sales help set new record for August unit sales OTTAWA, September 6, 2017 – Members of the Ottawa Real Estate Board sold 1,538 residential properties in August through the Board’s Multiple Listing Service® System, compared with 1,481 in August 2016, an increase of 3.8 per cent. The five-year average for August sales is 1,343. “Condo sales
Market update! Latest news in Ottawa Real Estate August 2017 Stats Read More »