Ottawa Real Estate Update

Hello fellow Ottawans, So I may be going against the grain a little here, but I’m going to go ahead and say it; there’s actually some exciting stuff happening in this wonderful city of ours. I’ve decided to highlight some of the more positive things happening around...

Awesome new website now up and running!!

After some hiccups with previous sites, here it is, my most amazing new website for your viewing/browsing pleasure.  Stay tuned for updates in all things real estate!!  

Ottawa Real Estate Update

Here’s where we’re at in Ottawa’s residential resales market.  A softer market, but still moving steadily.    As I mentioned in my earlier newsletters, it’s going to be a fairly level market this year; not increasing and not decreasing by any significant amount.  Of...

CMHC Mortgage News – August 2013

According to CMHC: “Approximately 70 per cent of Canadian mortgages are insured. In the U.S., during the years preceding the economic downturn in 2008, about 15 per cent of mortgages were insured,” says CMHC’s Karine LeBlanc. “Due to prudent underwriting standards and...

Ottawa Housing Market Forecast 2013 & 2014

Since there are a lot of questions and confusion in the real estate market these days, here’s the quick and dirty on Ottawa’s market for 2013 and 2014 (according to CMHC).  I’m not going to write an essay here, but here’s some point form notes  – Ottawa prices will...

King Edward/Lowertown Project Moving Towards Revitalization

As someone who lives downtown in the market area, I, for one, am happy to see some slow changes being made to this neighborhood.  The byward market is the heart of the city: the heart of tourism, the heart of the entertainment district, restaurants, foot-traffic,...

Bank of Canada Continues to Hold Low Rates

Good news for Canadians and our real estate markets; Bank of Canada is continuing to hold its rates.  I’m told by my trusted mortgage broker, that prime rate for most lenders should remain at the historical low of 3% (very good news if you’re a variable rate holder)....

Modern Lofts in Ottawa

As someone who loves cool architecture and design, I’m very happy to see this kind of project happening in this city.  This company is doing very cool stuff. http://modbox.ca/project/mechanicsville-lofts/

Ottawa market update – August 2013

Here is the long-awaited, highly anticipated, Ottawa real estate newsletter for August of 2013  So, a lot of people are asking me questions like: what’s going on with this market?  Why aren’t homes selling?  Is the market dead?  Is the world going to end?….  As...

MORTGAGE INDUSTRY NEWS: BANK OF CANADA TO HOLD RATES

Here’s the deal; the Bank of Canada announced it will hold the overnight target interest rate at 1%, extending the three year trend of low prime interest rates, and expects it to remain there until 2015 (although this is not set in stone).  This is good news for...