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]

  Happy New Year to All! 2023 is off to a slow start as total sales and sold prices continue to drop. Mortgage rates will remain high for the foreseeable future. There is an abundance of inventory for sale and for rent. The median sold price vs original list price for December was approximately 90%. January so far has an 88% sold to list price ratio. My thoughts? I think the next 2-3 months will be slow moving until we get to the spring market. In the meantime, if you are looking to... [read more]

Simplifyiing Home Decor for Reduced Stress and Anxiety Home should be your sanctuary, a place to escape and recharge.  When being at home leaves you feeling exhausted and depleted it might be time to rethink some of the décor and organization to help ease stress and anxiety.  Turn your space into a peaceful haven by incorporating some of the following ideas.   Yep, you guessed it, start with neutrals.  No yawns here.  Neutral does NOT have to mean... [read more]

Are you ready for the Holidays? I have been looking forward to this month all year. December is a busy time for most of us with Christmas shopping, Vacations and Family get togethers. This typically slows the real estate market down for the month. November sales saw a major decrease however prices continued to rise. As I have recently had the opportunity to travel to the States myself, I would assume several Canadians were vacationing last month and we will likely see this trend continue... [read more]

Members of the Ottawa Real Estate Board sold 1,459 residential properties in November through the Board’s Multiple Listing Service® System, compared with 1,605 in November 2020, a decrease of 9 per cent. November’s sales included 1,086 in the residential-property class, down 10 per cent from a year ago, and 373 in the condominium-property category, a decrease of 7 per cent from November 2020. The five-year average for total unit sales in November is 1,348. The average sale... [read more]