Your First Home is a Big Deal. Buying your first home is monumental. It’s a huge financial investment and a major life milestone. Unfortunately, nowadays it’s more difficult than ever to make the purchase by yourself. Luckily, in a market as diverse and ever-evolving as ours, there are many resources available for first-time homebuyers. […]
In what has been an unprecedented year in buying and selling, Ottawa Real Estate is remaining hot, and mortgage rates cool. While buying a home and getting a mortgage is a big financial decision, the process of securing a loan leaves even the most experienced buyers with a laundry list of questions. Naturally, you will […]
While buying rural has its advantages, if you have never purchased rural property or lived in remote areas, knowing what to look for may make you feel a little lost. To make sure this process goes smoothly, we have compiled a list of tips to consider when making your purchase so that you can fully …
Royal LePage TEAM REALTY Tip Series: 6 Tips For Buying Rural in Ottawa Read More »
Real Estate in Ottawa has been a hot topic for some time now. Despite the industry’s sudden shutdown at the beginning of the pandemic, home sales picked up as soon as it was announced that the Real Estate industry was deemed an essential service. Since then, Ottawa residents have been fascinated as they watch homes …
How COVID-19 changed the face of Real Estate in Ottawa Read More »
HOME LISTINGS ACTIVE LISTINGS OPEN HOUSES LUXURY PROPERTIES REALTORS® RESOURCES COMPANY REAL ESTATE BLOG CAREER IN REAL ESTATE ABOUT TEAM REALTY CONTACT US HOME LISTINGS ACTIVE LISTINGS OPEN HOUSES LUXURY PROPERTIES REALTORS® RESOURCES COMPANY REAL ESTATE BLOG CAREER IN REAL ESTATE ABOUT TEAM REALTY CONTACT US HOME LISTINGS ACTIVE LISTINGS OPEN HOUSES LUXURY PROPERTIES REALTORS® RESOURCES COMPANY REAL ESTATE BLOG CAREER IN REAL ESTATE ABOUT TEAM REALTY CONTACT US HOME LISTINGS ACTIVE LISTINGS OPEN HOUSES LUXURY PROPERTIES REALTORS® RESOURCES COMPANY REAL ESTATE BLOG CAREER IN REAL ESTATE ABOUT TEAM REALTY CONTACT US Ottawa Real Estate Snapshot June 2020 Market Snapshot:
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Based on information released February 5, 2020 by the Ottawa Real Estate Board Average Sale Prices up over 19% in both Residential and Condominium Properties January’s average sale price for a condominium-class property was $338,077, an increase of 19.1 % from January 2019 January’s average sale price of a residential-class property was $516,229, an increase of 19.3 % from January 2019. Compared to last month, however, the average price for residential-class properties increased by a modest 3.2 % and the average price for condominium-class units was 8.8 % higher.* The Board’s Housing Price Index (HPI), which is another data point
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Weather isn’t Cooling the Resale Market! Highlights from the Ottawa Real Estate Board December 4, 2019 Ottawa Real Estate Highlights November 2019 UNIT SALES Members of the Ottawa Real Estate Board sold 1,288 residential properties in November through the Board’s Multiple Listing Service® System, compared with 1,161 in November 2018, an increase of 10.9 %. Residential: 958 Up 10.5 % from November 2018 Condo: 330 Up 12.2 % from November 2018. The five-year average for November unit sales is 1,133. “Even with the typical winter slowdown, Ottawa’s home resale market still experienced a relatively brisk pace in November. Our inventory is
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Ottawa Real Estate Snapshot: October 2019 Based on information from on the Ottawa Real Estate Board November 5th, 2019 Properties Sold Total properties sold: 1,607 an increase of 16.9% over October 2018 1,211 in the residential-property class, up 15% over October 2018 396 in the condominium-property category, up 23% over October 2018 The five-year average for October unit sales is 1,319. “New listings are down, inventory remains scarce, and yet more homes changed hands this October than in the past decade and a half,” reports President of the Ottawa Real Estate Board. “It’s perplexing at first; however, when you consider
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With the recent federal election there has been a great deal of discussion around the Liberal Government’s incentive for First-time Home Buyers which was effective September 2, 2019. The Government of Canada has allocated $1.25 billion over the next three years for this program. The incentive is designed to help first-time home buyers find an affordable home. Finding an affordable home has proven to be a challenge for first-time home buyers and especially younger Canadians. The lack of inventory has affected the availability of affordable housing options. This has made the cost of housing as a percentage of gross income
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In Ottawa, we talk about the Spring market and the Fall market as being the two busiest seasons to buy and sell real estate in Ottawa. Our Spring market started earlier this year and instead of slowing down over the Summer it continued to be strong throughout the Summer months. Throughout the year we have seen consistent growth in both listing prices and sale prices. In June, the Ottawa residential average sale price climbed over $500K for the first time ever! There is also great news for condominiums. Now that condo prices have bounced back, more condo sellers are deciding
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