Members of the Ottawa Real Estate Board sold 893 residential properties in November through the Board’s Multiple Listing Service® system, compared with 888 in November 2013, an increase of 0.6 per cent. The five-year average for November sales is 935. “Sales have been remarkably similar to last year overall, with units sold for the first…
The new Ottawa trend of full-service, “live, work, play” neighbourhoods will continue to change the city’s landscape and with it, the commercial real estate market, according to CBRE. In its 2015 outlook released Monday, the company said projects such as Lansdowne Park and Windmill Development Group’s plan for a mixed-use community at the old Domtar…
WASHINGTON (Reuters) – Foreclosure activity across the United States declined last month to the lowest level since July 2006, as banks reclaimed fewer homes, according to a report released on Thursday. RealtyTrac, which tracks housing market data, reported foreclosure filings for 106,866 properties across the country, an 8.6 percent decrease from August and a 18.6…
A few tips to help you successfully buy a power-of-sale (the term used in Ontario referring to foreclosed homes): 1. Banks always sell “as is” The lender has never been in the property and cannot warranty its condition. Usually if an owner can’t pay the mortgage, home maintenance can take a serious hit. It’s very important to…
Members of the Ottawa Real Estate Board sold 1,133 residential properties in September through the Board’s Multiple Listing Service® system, compared with 1,118 in September 2013, an increase of 1.3 per cent. The five-year average for September sales is 1,103. “Our community is fortunate to enjoy one of the most stable real estate markets in…
September 9, 2014 After 36 years of military service and various relocations throughout the world, it was time to purchase our very first home. Having met Tom at an open house and we immediately felt comfortable and impressed with his friendly, relaxed and confident approach. As mature first-time home buyers, Tom always ensured we were…
Members of the Ottawa Real Estate Board sold 1,203 residential properties in August through the Board’s Multiple Listing Service® system, compared with 1,216 in August 2013, a decrease of 1.1 per cent. The five-year average for August is 1,199. “As usual, we are seeing a typical end-of-summer slowdown, especially in comparison to July’s record sales,”…
Members of the Ottawa Real Estate Board sold 1,661 residential properties in June through the Board’s Multiple Listing Service® system, compared with 1,593 in June 2013, an increase of 4.3 per cent. The five-year average for June is 1,636. “It is now very apparent that the long winter we experienced delayed the start of the…
Members of the Ottawa Real Estate Board sold 1,792 residential properties in May through the Board’s Multiple Listing Service® system, compared with 1,797 in May 2013, a decrease of 0.3 per cent. The five-year average for May is 1,765. “Looking at the units sold this year in comparison to last year, there is only a…
Not every renovation or fix-up project ends in smiles and a pat on the back. If you want to know the six renovation undertakings to avoid at all costs, read on… 1. Removing all the trees: It might be tempting to pull out the chainsaw and sought that depressing looking willow tree out once…