10 Factors to Consider When Purchasing a Property
If you are considering purchasing a property, it’s important to know what features are important to your lifestyle. While some buyers may be downsizing, others are looking for more space to accommodate a growing family or changing needs. Whatever the story may be, determining your wants and needs, along with obtaining your pre-approval for financing are the first steps to take on this exciting journey into home ownership.
Ottawa Real Estate Market Snapshot July 2023
The July 2023 Ottawa Real Estate Stats are out! Market Snapshot: The Bank of Canada made two recent hikes to interest rates however, consumers remained confident as we saw the number of sales rise 15% over July of last year. Inventory has continued to climb as did the average sale price in comparison to July of 2022.
Ottawa Real Estate Market Snapshot June 2023
The June 2023 Ottawa Real Estate Stats are out! Market Snapshot: We saw an increase in the number of sold properties over those of June 2022 even though the number of listings were down from the previous year. A strong indication that those who are out shopping are serious about making a purchase. With summer in full swing (holidays, festivals, high temps and humidity) a decline in activity is common for this time of year.
Ottawa Real Estate Market Snapshot May 2023
The May 2023 Ottawa Real Estate Stats are out! Market Snapshot: Temperatures were on the rise last week and we saw the resale housing market mimic the rise in May as the number of properties sold were up 6% over those of May 2022. With inventory at a low and sale prices up from this time last year the seller’s market continues to stay strong.
Ottawa Real Estate Market Snapshot April 2023
The April 2023 Ottawa Real Estate Stats are out! It MAY not feel like spring with the current cool temperatures but the real estate stats for April are a sure sign that spring is in the air! Three signs we’re in a seller’s market: inventory is down to less than two months stock, the average sale price has increased over the past four months and we are seeing multiple offers again in some areas.
Ottawa Real Estate Market Snapshot March 2023
The March 2023 Ottawa Real Estate Stats are out! Market Snapshot: The number of property sales may be down 40% from those in March of 2022 however, they’ve increased by 40% over last month (February 2023) showing signs that the spring market is sprouting in Ottawa. If you’re preparing to list your property for sale pricing it right is crucial in this market.
Ottawa Real Estate Market Snapshot February 2023
The February 2023 Ottawa Real Estate Stats are out! Market Snapshot: The average days on market for a listing has decreased as the market continues to stabilize. A decrease in average sale price from February of 2022 which was the peak of the pandemic market however we did see a month over month increase of 5% over January of 2023.
Ottawa Real Estate Market Snapshot January 2023
The January 2023 Ottawa Real Estate Stats are out! Market Snapshot: New year, new market as we see a slowdown in the number of sales for January and a decrease in the average sale price over January of 2022. We did however see an increase of 3% in the average sale price of a residential home from January over December.
What Will Your New Property Look Like? 10 Factors to Consider
If you are considering purchasing a property, it’s important to know what features are important to your lifestyle. While some buyers may be downsizing, others are looking for more space to accommodate a growing family or changing needs. Whatever the story may be, determining your wants and needs, along with obtaining your pre-approval for financing are the first steps to take on this exciting journey into home ownership.
Ottawa Real Estate Market Snapshot December 2022
The December 2022 Ottawa Real Estate Stats are out! Market Snapshot: As interest rates and inflation increase, buyers are retreating to the sidelines, taking a wait, and see approach. The seasonal slowdown for December’s resale market is in stark contrast to the active resale market that started the year off which has officially balanced the market.