OTTAWA REAL ESTATE MARKET INFO – JULY 2016

Aug 9, 2021 | Blog

OTTAWA REAL ESTATE MARKET 2016
Good Morning Ottawa!!!

Let’s start by taking a moment to give thanks for an incredible summer with tons of hot, 30+ days 🙂

So, back to real estate, we just came out of another very strong month.   In July 2016, OREB members sold 1491 residential properties.   This is an increase of 5.5% over the 5 year July average of 1413 properties sold.  Once again, 2016 is proving to be a very big year for sales.

Not only is sales volume up, but prices are up slightly as well.  This July saw an increase of 1.1% for residential homes, over July of 2015, and an increase of 1.2% for condo properties (yes, it appears that condos are inching their way up again).   The hot markets continue to be freehold residential homes in the $300k to $400k range, and for condos it’s the $200k to $300k range.   For anyone who knows the Ottawa markets, these really are the low-end of the each respective market.  Looks like Ottawa buyers are still remaining fairly conservative with their spending 🙂

As always, if you’re interested in learning more about the real estate market in your neighborhood, please contact me.   Now get outside and enjoy the summer weather 😀
Oh yeah, if anyone is interested in learning about how to reduce their property tax, there are ways to do this.  Who doesn’t want to pay less taxes?!  Nobody, that’s who.  So here’s a short article I wrote on what you can do to lower your property tax.  I can’t guarantee success, but I know many people who have reduced their taxes by applying through the correct avenues.  If you have questions, definitely contact me. 

 

 

CHRIS STEEVES

Sales Representative. Residential & Commercial.
Capital Homes Realty
2059 Meadowbrook Rd, Ottawa, ON
Office: 613 744 0356

Visit our website:
WWW.CHRISSTEEVES.CA
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