September 9, 2014 After 36 years of military service and various relocations throughout the world, it was time to purchase our very first home. Having met Tom at an open house and we immediately felt comfortable and impressed with his friendly, relaxed and confident approach. As mature first-time home buyers, Tom always ensured we were…
Members 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,”…
Members 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…
Members 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…
Not 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…
That’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…
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…
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…
