Blog

Soft Landing Not a Hard Crash

The pace of housing construction fell slightly in December in yet another sign that Canada’s once-hot real estate market may be headed for a soft landing with home sales declining while prices remain stable. The Canada Mortgage and Housing Corp. said on Wednesday the pace of housing starts fell in December, reaching 197,976 starts compared…

Details

Ottawa Home and Condo Market Steady in 2012

Steady as she goes for the Ottawa resale market in 2012 Members of the Ottawa Real Estate Board sold 618 residential properties in December through the Board’s Multiple Listing Service® system, compared with 695 in December 2011, a decrease of 11.1 per cent. The five-year average for December sales is 617. The total number of…

Details

Ottawa’s Vacancy Rate Rose as Rental Supply Expanded in 2012

OTTAWA, ONTARIO–(Marketwire – Dec. 13, 2012) – Canada Mortgage and Housing Corporation (CMHC) released its latest Rental Market Survey results for the Ottawa Census Metropolitan Area (CMA) today in the Ottawa Rental Market Report, fall 2012 edition. Ottawa’s apartment vacancy rate rose to 2.5 percent in 2012 mainly due to a strong expansion in the…

Details

A Chilly November for Ottawa Home and Condo Sales

With the cooler weather, comes a slight “cool down” in the Ottawa resale market. While the average sale price increased, the number of units sold decreased on a year over year analysis. Members of the Ottawa Real Estate Board sold 931 residential properties in November through the Board’s Multiple Listing Service® system, compared with 1,023…

Details

Ottawa Housing Market Picks up as the Leaves Fall

As the leaves continue to fall in Ottawa, we are seeing an increase in units sold, as well as an increase in average sale price. Members of the Ottawa Real Estate Board sold 1,073 residential properties in October through the Board’s Multiple Listing Service® system, compared with 1,059 in October 2011, an increase of 1.3…

Details

Homes and Condo Sales in Ottawa take a Mini Vacation

Members of the Ottawa Real Estate Board sold 1,141 residential properties in August through the Board’s Multiple Listing Service® system, compared with 1,328 in August 2011, a decrease of 14.1 per cent. The five-year average for August sales is 1,193. August’s sales included 248 in the condominium property class, and 893 in the residential property…

Details

Canadian home prices hit new high, but pace slowing

TORONTO – Canadian home prices rose in July from June to hit a record high for a third consecutive month, but the slower pace of gains and falling prices in Vancouver added to recent evidence the market is cooling. The Teranet-National Bank Composite House Price Index released on Wednesday showed overall prices climbed 0.7% in…

Details

Steady summer sales in the Ottawa housing market

Ottawa, August 3, 2012 – Members of the Ottawa Real Estate Board sold 1,366 residential properties in July through the Board’s Multiple Listing Service® system, compared with 1,321 in July 2011, an increase of 3.4 per cent. The five-year average for July sales is 1,360. July’s sales included 304 in the condominium property class, and 1,062…

Details

Renovated Condo Ready for You!

Move in and Enjoy! Great Condo for Sale in Hunt Club Park/Greenboro Forget Renting This convenient ground level condo has been fully renovated since 2009. Featuring a bright, modern kitchen with appliances included, low maintenance, high quality floating and ceramic floors, new counter tops, an updated bath, spacious master, new patio door, newer windows and…

Details