Good morning Ottawa!
I hope everyone is enjoying the crisp, clean air of December. Time to get out the skis and take embrace our lovely winter season! 
As always, here’s the update for the real estate market in our lovely city, Ottawa. It’s been another ‘business-as-usual’ month in November.
Members of the Ottawa Real Estate Board sold 893 residential properties in November through the Board’s Multiple Listing Service® system, compared with 888 in November 2013, an increase of 0.6 per cent. The five-year average for November sales is 935.
Sales have been remarkably similar to last year overall, with units sold for the first eleven months of the year at 13,291, just slightly above the year-to-date sales for 2013,” says Randy Oickle, President of the Ottawa Real Estate Board. “Inventory levels are starting to dip back down, which is normal for this time of year, and average sales prices keep steady with last year. Overall, it has been a typical year so far for the real estate market in Ottawa – steady and fluctuating between a balanced and buyer’s market.“
Since Ottawa continues to be Canada’s ‘steady and predictable’ real estate market, it also makes for some safe investing. If anyone is interested in various investment options, I have been working with a team of professionals who are very experienced with adding legal secondary dwelling units into houses. This is a great way to increase a property’s income and make it an attractive investment with substantial positive cashflow. Contact me if you’d like to learn more about these opportunities.
In other news, Whole Foods finally opened at Lansdowne (better late than never :)) Love them or hate them, they definitely offer a huge variety of absolutely amazing foods, with many local and organic options. Lansdowne is developing quickly with many great stores starting to open.
That’s it for now. I welcome everyone to contact me with any and all questions relating to real estate. And if you know of anyone who wants to buy, sell, or invest, let me know!
Have a great weekend!
CHRIS STEEVES
Sales Representative.
Keller Williams Ottawa Realty.Independently Owned & Operated
610 Bronson Av, Ottawa
Cel: 613 262 1697
Fax: 613 369 6013
Office: 613 236 5959
