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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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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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