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Spring Season hits Ottawa Real Estate

Members of the Ottawa Real Estate Board sold 1,126 residential properties in March through the Board’s Multiple Listing Service® system, compared with 1,160 in March 2013, a decrease of 2.9 per cent. “Sales picked up month over month, with 256 more properties switching hands in March than in February,” says Randy Oickle, President of the…

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Ottawa Real Estate Update!

CMHC to Increase Mortgage Insurance Premiums OTTAWA, February 28, 2014 — Following the annual review of its insurance products and capital requirements, CMHC will increase its mortgage loan insurance premiums for homeowner and 1 – 4 unit rental properties effective May 1, 2014. The increase applies to mortgage loan insurance premiums for owner occupied, self-employed…

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Ottawa Real Estate Market Remains Stable

Members of the Ottawa Real Estate Board sold 870 residential properties in February through the Board’s Multiple Listing Service® system, compared with 903 in February 2013, a decrease of 3.7 per cent. “February sales are down slightly year-over-year, despite the less than favourable weather, and possible distraction of the Olympics,” says President-Elect of the Ottawa…

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Ottawa Real Estate Lands Softly in New Year

Members of the Ottawa Real Estate Board sold 589 residential properties in January through the Board’s Multiple Listing Service® system, compared with 594 in January 2013.   “Residential sales this January were virtually identical to January 2013. Our members sold five more freehold residential properties and 10 fewer residential condos. Statistically, the difference is less…

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Luxury Home Market on an Upward Trajectory

Mississauga, ON (January 28, 2014) — Significant gains at the top end of the country’s housing market continued to demonstrate the overall strength of Canadian real estate in 2013, according to a report released today by RE/MAX. The RE/MAX Upper End Report, highlighting trends and developments in 16 major Canadian centres, revealed that: Seventy-five per…

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Ottawa Home and Condo Market Steady through 2013

Members of the Ottawa Real Estate Board sold 610 residential properties in December through the Board’s Multiple Listing Service® system, compared with 615 in December 2012, a decrease of less than one per cent. The five-year average for December sales is 646, with sales from December 2011 and 2009 increasing that average. The total number…

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Some Pros to Selling Your Ottawa Home this Winter

Spring and summer are often touted as the busiest seasons for real estate. However, listing your home or house hunting in the winter can yield results. The most obvious benefit to listing your home in the winter is less competition. Many Canadians are traveling, visiting relatives, or hosting so opening their home for prospective buyers…

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November Home and Condo Sales on Par with Last Year

The snowy month of November brought with it a slower than average resale market in Ottawa. Members of the Ottawa Real Estate Board sold 891 residential properties in November through the Board’s Multiple Listing Service® system, compared with 928 in November 2012, a decrease of four per cent. The five-year average for November sales is…

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October Sales Steady in Ottawa Real Estate

Members of the Ottawa Real Estate Board sold 1,090 residential properties in October through the Board’s Multiple Listing Service® system, compared with 1,069 in October 2012, an increase of two per cent. The five-year average for October sales is 1,091. “Resale units sold in October are right on par compared to the five-year average,” says…

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Ottawa market heats up as fall settles in – September stats

Members of the Ottawa Real Estate Board sold 1,119 residential properties in September through the Board’s Multiple Listing Service® system, compared with 995 in September 2012, an increase of 12.5 per cent. The five-year average for September sales is 1,121. “As a result of the new mortgage rules introduced last summer, we saw continuous decreases…

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?Ottawa resale market on the up and up

Members of the Ottawa Real Estate Board sold 1,219 residential properties in August through the Board’s Multiple Listing Service® system, compared with 1,145 in August 2012, an increase of 6.5 per cent. The five-year average for August sales is 1,202. “It has been one year since the Canadian Government introduced the new mortgage rules, and…

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Ottawa Home and Condo Market Steady but Slow

Members of the Ottawa Real Estate Board sold 1,339 residential properties in July through the Board’s Multiple Listing Service® system, compared with 1,376 in July 2012, a decrease of 2.7 per cent. July’s sales are just below the five-year average of 1,347. “Although the number of residential properties, including condominiums, is down since last year,…

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