Ottawa Real Estate Market

What's happening in the Ottawa Real Estate Market

Brisk February Sales keep Ottawa in seller's market - Ottawa Real Estate Board Sales for February 2010

March 5, 2010 : A Great Start to 2010 for Ottawa’s Housing Market

Members of the Ottawa Real Estate Board sold 1,118 residential properties in February through the Board’s Multiple Listing Service® system compared with 787 in February 2009, an increase of 42.1 per cent.

Of those sales, 323 were in the condominium property class, while 795 were in the residential property class. The condominium property class includes any property, regardless of style (i.e. detached, semi-detached, apartment, stacked etc.) which is registered as a condominium, as well as properties which are co-operatives, life leases and timeshares. The residential property class includes all other residential properties.

Ottawa properties are about to cost more - Stop the HST – Cost of buying, owning and selling a home to go up by 8%

Subject: Stop the HST – Cost of buying, owning and selling a home to go up by 8%

Resale home sales still riding high in Ottawa Real Estate Market

November 4, 2009 : Resale home sales still riding high in Ottawa

Members of the Ottawa Real Estate Board sold 1,202 residential properties in October through the Board’s Multiple Listing Service® system compared with 964 in October 2008, an increase of 24.7 per cent.

Recommended Ottawa Mortgage Professionals that Provide Great Rates and Superb Service

There are many many places to get your mortgage but if you're looking for someone who will not only give you the best rates but will also give you superb service - then we highly recommend you call any of the people we list below.  Most of them will actually come to you - so no need to travel to a bank and look for parking etc.
Give any or all of them a call or email and tell them Eric and Steve sent you!.
 
Mike Hatch and Donna White from Dominion Lending Centres
Mike Hatch  -  (613) 203-2030
Donna White  - (613) 612-2111
info@ottawashometeam.com
www.ottawashometeam.com

 

Record-Breaking Number of Resale Homes Sold In May

Ottawa, June 3, 2009

Members of the Ottawa Real Estate Board sold 1,969 residential properties in May through the Board's Multiple Listing Service® system compared with 1,896 in May 2008, an increase of 3.9 per cent. That number also represents a 19 per cent increase over the 1,594 sales recorded in April 2009. Of those sales, 348 were in the condominium property class, while 1,621 were in the residential property class. The condominium property class includes any property, regardless of style (i.e. detached, semi-detached, apartment, etc.) which is registered as a condominium, as well as properties which are co-operatives, life leases and timeshares. The residential property class includes all other residential properties.

Ottawa Rated Number 2 in Best Places to Live in Canada - Moneysense.ca

The 2009 Canada's Best Places to Live study by MoneySense magazine has chosen Ottawa as second only to Victoria out of 154 Communities across Canada. 

Ratings are calculated based on a number of features, including weather, housing affordability, incomes, conveniences, safety, transit facilities or walkability, percentage of people working in the arts.  No matter which way you cut it Ottawa came out consistently in the top 10.  Overall it was #2.

What they don't mention is that Ottawa's also a very good place to invest in Real Estate. Even in the current economic woes facing most of the country, Ottawa real estate values are holding their own with prices even still on the increase. 

Time to Mortgage your Future? - Are you missing a great opportunity to buy!

Many consumers are missing out on opportunities to determine how much they can afford and are overlooking available tools, writes Derek Sankey. By Derek Sankey, Canwest News Service -April 1, 2009

New lower fixed mortgage rates! - Feb 17, 2009 - Ottawa's Home Team

New lower fixed mortgage rates! Mortgage rates continue to move lower, definitely helping to motivate reluctant buyers. The following are our current specials, please see attached rate sheet for various term lengths and rates. (coutesy of Mike, Donna and Elyse of www.ottawashometeam.com )
 
1 year fixed @ 3.50%, 3 year fixed @ 3.75% and 5 year fixed @ 4.05%!
 
New Alternate Lender – VFC Home Mortgages is now open for business
VFC Hime Mortgages, a subsidiary of TD bank, is only available via the broker channel

Ottawa ‘world leader’ of new economy

City well-positioned for the creative age, leading scholars say in release of $2.2M study! - By Lee Greenberg, The Ottawa CitizenFebruary 6, 2009

TORONTO — The city of Ottawa, with its well-educated, service-oriented workforce, is ideally suited to a new vision of Ontario’s economy unveiled Thursday by two of the world’s leading scholars.

Urban theorist Richard Florida, author of the global best-selling book The Rise of the Creative Class, said Ottawa “is a world leader” in the ascent of what he calls a new, creative economy.

Ottawa Real Estate Market for January 2008

February 4, 2009 : Ottawa Real Estate Market Holds Steady!

Members of the Ottawa Real Estate Board sold 530 residential properties in January through the Board’s Multiple Listing Service® system compared with 652 in January 2008, a decrease of 18.7 per cent. There were 467 sales in December 2008.

“While the market in Ottawa may not be booming, it’s certainly not a bust either. Sales declined the same amount in January as they did in December, which tells me that buyer confidence is holding steady here in the national capital,” said Board President Rick Snell.

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