Your First Home is a Big Deal. Buying your first home is monumental. It’s a huge financial investment and a major life milestone. Unfortunately, nowadays it’s more difficult than ever to make the purchase by yourself. Luckily, in a market as diverse and ever-evolving as ours, there are many resources available for first-time homebuyers. […]
What is The Hype Around Ottawa’s Boom Towns: Why “Rural” Ottawa Continues to Grow While we have seen an increase in home prices steady across the province over the last two years, rural outlier communities like Carleton Place, Arnprior and Kemptville have seen unprecedented growth and attention, handing them over “Boom Town” status. These Ottawa area […]
Real estate in Ottawa is so great for so many reasons. Not only is the capital city a beautiful one filled with breathtaking scenery, extraordinary views, lively green space, and the ravishing Rideau River, it also is one of the most affordable major cities in the country, with a little something for everyone. Whether you […]
After an intense few years, the local real estate market is showing a very slight shift towards calmer waters. Jason Ralph, Broker of Record and President of Royal LePage Team Realty, explains, “The market was so overheated that even a small shift seems drastic, even though it isn’t going back to pre-2020 levels. We are starting […]
In what has been an unprecedented year in buying and selling, Ottawa Real Estate is remaining hot, and mortgage rates cool. While buying a home and getting a mortgage is a big financial decision, the process of securing a loan leaves even the most experienced buyers with a laundry list of questions. Naturally, you will […]
While buying rural has its advantages, if you have never purchased rural property or lived in remote areas, knowing what to look for may make you feel a little lost. To make sure this process goes smoothly, we have compiled a list of tips to consider when making your purchase so that you can fully …
Royal LePage TEAM REALTY Tip Series: 6 Tips For Buying Rural in Ottawa Read More »
Real Estate in Ottawa has been a hot topic for some time now. Despite the industry’s sudden shutdown at the beginning of the pandemic, home sales picked up as soon as it was announced that the Real Estate industry was deemed an essential service. Since then, Ottawa residents have been fascinated as they watch homes …
How COVID-19 changed the face of Real Estate in Ottawa Read More »
Market Snapshot: A dramatic upswing in the number of sales this past month with sales within 2% of this time last year! While it didn’t come as a surprise that unit sales were down 55% in April, and 44% in May, in dramatic contrast the June figures are a welcome sign of things getting back …
Based on information released February 5, 2020 by the Ottawa Real Estate Board Average Sale Prices up over 19% in both Residential and Condominium Properties January’s average sale price for a condominium-class property was $338,077, an increase of 19.1 % from January 2019 January’s average sale price of a residential-class property was $516,229, an increase of 19.3 % from January 2019. Compared to last month, however, the average price for residential-class properties increased by a modest 3.2 % and the average price for condominium-class units was 8.8 % higher.* The Board’s Housing Price Index (HPI), which is another data point
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Ottawa Real Estate Highlights November 2019 Weather isn’t Cooling the Resale Market! Highlights from the Ottawa Real Estate Board December 4, 2019 UNIT SALES Members of the Ottawa Real Estate Board sold 1,288 residential properties in November through the Board’s Multiple Listing Service® System, compared with 1,161 in November 2018, an increase of 10.9 %. Residential: 958 Up 10.5 % from November 2018 Condo: 330 Up 12.2 % from November 2018. The five-year average for November unit sales is 1,133. “Even with the typical winter slowdown, Ottawa’s home resale market still experienced a relatively brisk pace in November. Our inventory is
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