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January 2024 Real Estate Newsletter

Thursday Feb 1st, 2024

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The new year is finally here! 2023 ended strong with a 7.6% increase in sales over December 2022.  Average home prices also went up by 1.7%. It appears buyer confidence is slowly returning. Interest rates are speculated to head downwards by mid 2024.  I am noticing a lack of inventory in several areas of town. If you are planning to sell in the spring, you may want to consider listing now as the competition will be less. If you would like to know what your home is worth, I offer a... [read more]

Ottawa Real Estate Stats February 2021

Monday Apr 12th, 2021

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"Members of the Ottawa Real Estate Board sold 1,390 residential properties in February through the Board’s Multiple Listing Service® System, compared with 1,134 in February 2020, an increase of 23 per cent. February’s sales included 1,028 in the residential-property class, up 24 per cent from a year ago, and 362 in the condominium-property category, an increase of 19 per cent from February 2020. The five-year average for total unit sales in February is... [read more]

March 2021 Real Estate Newsletter

Tuesday Mar 9th, 2021

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Spring is around the corner!    Spring will be here in just a few weeks! With warmer temperatures on the horizon, an increase in housing inventory is also expected. Interest rates remain at historically low levels – some lenders offering less than 1%. Where does it go from here? I think eventually, if this pace keeps up, townhouses in the suburbs will eventually sell in the 800’s and most single homes will be in the millions. If you are thinking of selling your home,... [read more]

Ottawa Real Estate Stats January 2021

Monday Feb 8th, 2021

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"Members of the Ottawa Real Estate Board sold 964 residential properties in January through the Board’s Multiple Listing Service® System, compared with 778 in January 2020, an increase of 24 per cent. January’s sales included 674 in the residential-property class, up 21 per cent from a year ago, and 290 in the condominium-property category, an increase of 31 per cent from January 2020. The five-year average for total unit sales in January is... [read more]

February 2021 Real Estate Newsletter

Monday Feb 15th, 2021

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February is Here!!   Wow its already February! January went by quickly and winter is here to stay for at least another two months. House prices have skyrocketed and its looks like they are going to continue along this trend. It seems more and more people are moving further away from the downtown core and heading towards the suburbs. Country homes have also seen a major spike in prices – Greely, Osgoode, Kemptville, Metcalfe have seen significant price increases. If you are... [read more]

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