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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…

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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…

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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…

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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…

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4 Changes to Default Insured Mortgages

 The  following changes to mortgage regulations for insured (CMHC or Genworth) mortgages will be taking place July 9th, 2012: 1. Lowering the maximum amount consumers can borrow when refinancing their mortgages. This change will lower the maximum mortgage amount to 80% of the appraised value of the property from the current 85%. This change will…

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May Home Sales at a High for the Year in Ottawa

Members of the Ottawa Real Estate Board sold 1,896 residential properties in May through the Board’s Multiple Listing Service® system, compared with 1,659 in May 2011, an increase of 14.3 per cent. May’s sales included 364 in the condominium property class, and 1,532 in the residential property class. “Year-over-year for May, the Ottawa market is…

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Lock in those Rates!!

http://www.cbc.ca/news/canada/story/2012/05/22/oecd-canada-rates.html Canada’s central bank should move its benchmark target for the overnight rate above its current one per cent level or risk unsustainable increases in the country’s inflation rate and real estate market, the Organization for Economic Co-operation and Development said today. The bank has held the rate steady at one per cent for the…

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Ottawa Home Sales Sailing Through Spring

Members of the Ottawa Real Estate Board sold 1,568 residential properties in April through the Board’s Multiple Listing Service® system, compared with 1,530 in April 2011, an increase of 2.5 per cent. April’s sales included 300 in the condominium property class, and 1,268 in the residential property class. “Sales in April indicate a steady Ottawa…

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Home Buying is Back in Ottawa this Spring

Members of the Ottawa Real Estate Board sold 1,396 residential properties in March through the Board’s Multiple Listing Service® system, compared with 1,240 in March 2011, an increase of 12.6 per cent. The five-year average for March sales is 1,276. March’s sales included 277 in the condominium property class, and 1,119 in the residential property…

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News Release, Ottawa Home sales up from January

Members of the Ottawa Real Estate Board sold 1,009 residential properties in February through the Board’s Multiple Listing Service® system compared with 940 in February 2011, an increase of 7.3 per cent. The five-year average for February sales is 949. February’s sales included 244 in the condominium property class, and 765 in the residential property…

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Paying off your mortgage early can cost you

Date Posted: February 23, 2012 Seeing a light at the end of the tunnel when it comes to your mortgage payments is a terrific feeling. However, discharging early, though satisfying, isn’t without penalties. This article from the Toronto Star illustrates various situations in which a prepayment penalty can occur, and how to avoid paying more…

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Two steady housing years ahead: CMHC

The Canadian Mortgage and Housing Corporation, the crown corporation that insures Canadian mortgages, seems optimistic about the housing market in the next two years. Recently, there have been steadily rising concerns of what record low mortgage rates will do to the housing market. However, in this article we learn the CMHC is predicting the market will stay…

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Resale Housing Off to a Typical Start

Members of the Ottawa Real Estate Board sold 684 residential properties in January through the Board’s Multiple Listing Service system compared with 677 in January 2011, an increase of one per cent. The five-year average for January sales is 652. Of those sales, 138 were in the condominium property class, while 546 were in the…

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