Wanted: Ottawa Homes For Sale When the calendar rolled over into 2018 many real estate experts across Canada were speculating the housing market to “cool off” with tighter mortgage rules and higher interest rates impacting home buyers. While that may be the case in other real estate markets, in the Ottawa Real Estate market the biggest […]
Wanted: Ottawa Homes for Sale Read More »
New Mortgage Rules – Renewing and Refinancing January 1st, 2018 Canada’s new mortgage rules came into effect and it was big news. These new rules appear to have the greatest impact on those looking to qualify for a new mortgage but if you are looking to renew or refinance your mortgage, you may be impacted
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The Ottawa Real Estate board’s recently released statistics show that home buyers are still actively searching for properties. Sales were up over 7% (year over year) in spite of the low inventory, which is a trend that is continuing from 2017. January 2018 listings 994 (RES) and 406 (CONDO) compared with the 5 year 1,396 for
Ottawa Real Estate Market Update : Low Inventory Continues Into 2018 Read More »
An Era of Change: 2018 Canadian real estate is in an era of change. 2017 closed with a bang, as we saw some of the largest increases in real estate prices in nearly a decade. The curiosity now turns to 2018, and what can we expect to see in Ottawa, and across Canada. Ottawa is climbing
An Era of Change: 2018 Read More »
2017 was quite a year in the Ottawa Real Estate market; record breaking numbers in units sold (condominium sales up over 22%) and double digit (percentage) increases in average sale price in several neighbourhoods, Canada 150 (or should we say Ottawa 150?!) was anything but average! Below we’ve included the latest news release from the
A Strong Finish for Ottawa’s Real Estate Market in 2017 Read More »
It’s hard to believe November is over but here we are! If you’ve been following Ottawa real estate you’ll know it’s been a busy 2017 and December will likely be no exception. With the new mortgage rules coming into play in a few short weeks, many buyers are motivated to have firm deals completed before
Ottawa Real Estate Latest Market Snapshot Read More »
It’s hard to believe November is over but here we are! If you’ve been following Ottawa real estate you’ll know it’s been a busy 2017 and December will likely be no exception. With the new mortgage rules coming into play in a few short weeks, many buyers are motivated to have firm deals completed before
Ottawa Real Estate Latest Market Snapshot Read More »
What home buyers need to know before 2018 As of January 1, 2018, Canadian homebuyers will have to meet stiffer requirements in order to qualify for a mortgage with a federally regulated mortgage lender. Why are the Mortgage Rules changing? As Canada’s financial “watchdog” OSFI believes these new rules will decrease the risks for Canadian
What Canadian home buyers need to know NOW about the upcoming changes to Mortgage rules Read More »
We are still seeing lower than normal inventory, more multiple offer situations and fewer days on the market which is good for sellers but with prices remaining “relatively steady”, it is also good news for Buyers. Check out the highlights below and send us an email to info@teamrealty.ca for details and info on specific properties, we love
“a Stellar year so far”…Ottawa Real Estate Snapshot June 2017 Read More »
Another record breaking month in the Ottawa Real Estate market with the highest number of properties sold in one month ever recorded! The Ottawa condo market is gaining significant strength, with 44 Condos sold last month, that’s 44.6% more than May 2016. We are still seeing lower than normal inventory, more multiple offer situations and
Ottawa Real Estate Snapshot May 2017 Read More »