November 2022 Real Estate Newsletter

Monday Nov 14th, 2022

Share

October was a slower than usual month for real estate transactions. Most buyers have put their home search on hold and are hoping to see the market crash or low rates to return. In my opinion, the market will not crash, and rates will likely remain high for at least the next 6 months or longer. The advantage of buying in this market is the abundance of inventory to choose from, negotiating power, conditional offers and far less competition from other buyers. Sure, the rates are high today,... [read more]

Ottawa Real Estate Stats May 2022

Thursday Jun 16th, 2022

Share

Members of the Ottawa Real Estate Board sold 1,846 residential properties in May through the Board’s Multiple Listing Service® System, compared with 2,285 in May 2021, a decrease of 19 per cent. May’s sales included 1,384 in the residential-property class, down 22 per cent from a year ago, and 462 in the condominium-property category, a decrease of 11 per cent from May 2021. The five-year average for total unit sales in May is 2,031. The average sale price for a... [read more]

June 2022 Real Estate Newsletter

Thursday Jun 16th, 2022

Share

  The month of May has brought more inventory throughout and what appears to be a cool down in the market. I’m noticing a lot more pre-emptive offer options and less offer hold outs than ever before. Prices remain strong with townhouses selling in the 700’s and detached homes well into the Millions. Interest rates have increased significantly, which may have played a role in the market cooling down. Current mortgage fixed rates are around 3.5-3.6% while a variable will... [read more]

October 2021 Real Estate Newsletter

Wednesday Oct 6th, 2021

Share

Goodbye September, Hello October! Thanksgiving is just around the corner; the leaves are changing colour and the temperatures are much cooler at night - Kind of refreshing if you ask me. So how is the real estate market doing now? Prices are still strong in the country markets, towns in the suburbs are not as competitive, but overall, it’s still a great time to buy. Selling on the other hand, is not as hot as it once was earlier this year. It does tend to take a little longer to sell a... [read more]

Fresh Ideas for Fall Décor

Friday Oct 1st, 2021

Share

Maybe your local supermarket is already fresh out of pumpkins, or maybe you’re just looking for something a little less predictable to transition your home into the holiday season…  If so, here are fifteen simple and modern ideas to inspire your fall décor. Swap out the usual pumpkins for squash.  Carve them, hollow them out and put floral arrangements in them, or, group together a few different varieties for an interesting grouping -  indoors, or,... [read more]

READ MORE