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Ottawa Real Estate Upswing in Sales for the April Market

Members of the Ottawa Real Estate Board sold 1,573 residential properties in April through the Board’s Multiple Listing Service® system, compared with 1,568 in April 2012, an increase of 0.3 per cent. “The Ottawa market is doing well, and gaining ground back since the “cool-down” of the market for the past five months,” says Tim…

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Ottawa Spring market shows moderating trend

Members of the Ottawa Real Estate Board sold 1,167 residential properties in March through the Board’s Multiple Listing Service® system, compared with 1,388 in March 2012, a decrease of 15.9 per cent. “The Ottawa market has been described as steady and stable for the past few years. It’s not going up drastically, and it’s not…

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Ottawa Resale Home Market Drops 9% in February

OTTAWA — The market for resale home sales in Ottawa remained sluggish in  February, according to the Ottawa Real Estate Board. Figures released by the board Tuesday showed a 9.3-per-cent drop in sales  compared with February 2012. According to the board, a total of 914 resale homes  were sold through the board’s multiple listings service,…

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Understanding Mould in your Home

Believe it or not, everyone has a bit of mould in their home. Just leave some bread in a drawer for a month if you do not believe me. Mould can be helpful – as with penicillin, a small nuisance or a big one for anyone that has dealt with toxic mould. What is mould?…

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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…

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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…

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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…

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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…

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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…

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