OTTAWA MARKET IS ‘LOW RISK’ SAYS CMHC

Aug 9, 2021 | Blog

Good Morning Ottawans! It’s been a while since my last update, so I figured it was time  Many people seem to be speculating as to what’s happening with real estate in Ottawa, so here’s a quick update. According to a recent report, CMHC (insurer of Canadian mortgages)...

IS OTTAWA’S CONDO MARKET PICKING UP AGAIN?

Aug 9, 2021 | Blog

Happy September everyone! So I’ll just start by saying that even I’m surprised to find out that there has been an 18 per cent rise in condominium sales this past August  (hard to believe, I know.  And let’s be honest, for a while there many of you were wondering if...

BEST QUALITY OF LIFE IN OTTAWA?

Aug 9, 2021 | Blog

Could Ottawa have one of the best qualities of life in the world? According to Numbeo’s 2015 ‘Mid-Year Quality of Life Index’, our great city ranked 3rd worldwide in overall quality of life. I knew we had it pretty good here, but this is quite a pleasant surprise  THE...

BANK OF CANADA INTEREST RATES – UPDATE OCT 2015

Aug 9, 2021 | Blog

No news is good news for borrowers; interest rates remain at all-time lows.     According to the primary dealers of Canadian govt securities, most say they do not expect any increase until at least the 2nd half of 2016 or later (according to a recent article from Dow...

SAY NO TO NEW REAL ESTATE TAX IN ONTARIO!!

Aug 9, 2021 | Blog

Yes, the good old Ontario government is considering introducing yet another tax.  I know I know, I’m not surprised either. This new tax will apply to anyone who buys real estate in Ontario.  Just like the Land Transfer Tax, this will be another tax applied at the time...

TOO MANY CONDOS IN OTTAWA?

Aug 9, 2021 | Blog

I will agree that there are quite a few condos for sale out there.  Does this mean trouble for Ottawa’s condo market?  CMHC definitely feels there is some cause for concern. The federal housing agency has recently decided that Ottawa’s condo market is now considered...

ARTHAUS CONDOS – OTTAWA’S ARTS COURT DEVELOPMENT

Aug 9, 2021 | Blog

Ottawa’s art gallery and Arts Court is about to see some big changes.  Montreal-based developer DevMcGill, has recently announced the upcoming residential component of this grand development, the Arthaus Condos. ARTHAUS OTTAWA – BYWARD MARKET CONDO HOTEL DEVELOPMENT...

STRONG POST ELECTION SALES FOR OTTAWA HOMES

Aug 9, 2021 | Blog

Is it the election results?  Or is it the warmer fall weather?  Whatever it is, home  sales in Ottawa over the past month have picked up considerably. According to the Ottawa Real Estate Board, a total of 990 residential properties were sold through MLS in Ottawa in...

NOVEMBER – ANOTHER STRONG MONTH FOR REAL ESTATE SALES IN OTTAWA

Aug 9, 2021 | Blog

Alright, here’s the quick breakdown of why this past month was such a strong one for home sales in Ottawa: – New home sales are up 36% over November of 2014.  Yes, that’s a huge jump. – Overall home sales are up 11% over Nov. 2014.  They are also above the 5 year...