WASHINGTON (Reuters) – Foreclosure activity across the United States declined last month to the lowest level since July 2006, as banks reclaimed fewer homes, according to a report released on Thursday. RealtyTrac, which tracks housing market data, reported foreclosure filings for 106,866 properties across the country, an 8.6 percent decrease from August and a 18.6…
DetailsA few tips to help you successfully buy a power-of-sale (the term used in Ontario referring to foreclosed homes): 1. Banks always sell “as is” The lender has never been in the property and cannot warranty its condition. Usually if an owner can’t pay the mortgage, home maintenance can take a serious hit. It’s very important to…
DetailsMembers of the Ottawa Real Estate Board sold 1,133 residential properties in September through the Board’s Multiple Listing Service® system, compared with 1,118 in September 2013, an increase of 1.3 per cent. The five-year average for September sales is 1,103. “Our community is fortunate to enjoy one of the most stable real estate markets in…
DetailsMembers of the Ottawa Real Estate Board sold 1,203 residential properties in August through the Board’s Multiple Listing Service® system, compared with 1,216 in August 2013, a decrease of 1.1 per cent. The five-year average for August is 1,199. “As usual, we are seeing a typical end-of-summer slowdown, especially in comparison to July’s record sales,”…
DetailsMembers of the Ottawa Real Estate Board sold 1,661 residential properties in June through the Board’s Multiple Listing Service® system, compared with 1,593 in June 2013, an increase of 4.3 per cent. The five-year average for June is 1,636. “It is now very apparent that the long winter we experienced delayed the start of the…
DetailsMembers of the Ottawa Real Estate Board sold 1,792 residential properties in May through the Board’s Multiple Listing Service® system, compared with 1,797 in May 2013, a decrease of 0.3 per cent. The five-year average for May is 1,765. “Looking at the units sold this year in comparison to last year, there is only a…
DetailsNot every renovation or fix-up project ends in smiles and a pat on the back. If you want to know the six renovation undertakings to avoid at all costs, read on… 1. Removing all the trees: It might be tempting to pull out the chainsaw and sought that depressing looking willow tree out once…
DetailsThat’s the lowest five-year fixed rate among the big banks, and comes in slightly below the 2.99 per cent rate that Bank of Montreal has sparked controversy with in recent years (Bank of Montreal’s current five-year fixed rate is 3.29 per cent). When Bank of Montreal and Manulife Bank dropped their five-year fixed rates below…
DetailsMembers 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…
DetailsCMHC 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…
DetailsMembers 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…
DetailsMembers 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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Thanks to all my friends, family and clients for making 2013 such a great year!
2013 was a great year for RE/MAX metro-city. The chart below shows the average production per agent for each company based on MLS sales for all of 2013. Metro-city agents on average did 50.9% more business than the closest competitor. That’s 50% more experience in the marketplace.
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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