Ottawa Ontario Homes for Sale

Oasis Realty, Ottawa Real Estate

Quality Service, Affordable Rates!

Contacts



Dawn Davey
Email Dawn

Phone:	613-821-9690
TollFree:	1-877-821-9690
Cell:	613-293-6088
Fax:	613-821-0491

City:	Ottawa
Province:	Ontario K4P 1B6
Country:	Canada



Gord McCormick
Email Gord

Phone:	613-821-9690
Cell:	613-371-9691
Fax:	613-821-0491

City:	Ottawa
Province:	Ontario K4P1B6
Country:	Canada

Globe and Mail article February 6th, 2010

Globe and Mail Article: Top Banks urge Ottawa to tighten mortgage rules

See the link below to read the full article in today’s (February 6^th Globe and Mail) While no definitive action has been decided; a couple of the recommendations include raising the minimum down payment to 10% (currently 5%) and limiting amortization periods to a maximum of 30 years.

The reason is to prevent a US style housing bubble here, as home values continue to rise across the county due to historically low mortgage rates.

We would hope the Federal government would not take such action on top of the impact we believe is coming from the HST implementation and the probability of higher mortgage rates starting in the second half of 2010.

First time buyers would be well advised to consider moving up their buying plans; particularly if they do not have a 10% down payment.

The Federal Government is due to bring down a budget on March 4^th and perhaps something may be included in that budget pertaining to this issue.

If you know any first time buyers who may be impacted by this potential change in mortgage rules, please feel free to refer them to us and we would be happy to work with them to find an appropriate property.

Dawn Davey, Broker

Gord McCormick, Broker of Record

Oasis Realty Brokerage

Ottawa

613-821-9690

oasisrealty@rogers.com

http://www.theglobeandmail.com/report-on-business/big-six-banks-urge-ottawa-to-tighten-mortgage-rules/article1458585/

Ottawa Real Estate Market Hot in January!

The Ottawa real estate market continued it's torrid pace in January (as did the Sens!) with residential sales transactions increasing 34.8% over January 2009. There was a slow start to the market last year, however. Continuing low listing inventory levels and strong sales have made this a seller's market. Residential listings are down 30.3% compared to last year and there are 21.5% fewer condos listed for sale.
This all means it is a good time to be selling but not necessarily good for buyers. Inventory scarcity means homes are selling quickly and often in multiple offer situations.
Two of our new listings this month sold in less than two days on the market!
To see the official press release from the Ottawa Real Estate Board for the full story on January results check out the link.
http://orebweb2.oreb.ca/news_release.shtml

Welcome to Oasis Realty, Brokerage

In today's low listing inventory environment, it just makes sense to be represented by a real estate professional and beat other buyers to new listings. We constantly hear from buyers who follow new listings on their own, only to find out many properties in today's hot market are already sold by the time they see them. As your buyer representatives, we will help insure you get immediate notification of all new listings that meet your buying criteria. We will provide you notification to the hottest new homes for sale in Ottawa with our "Instantaneous listing notification service" and you will never miss out on a hot new listing again. See the "Home Search" page at left for details.

Welcome to Oasis Realty, Brokerage your source for Ottawa real estate which offers Quality Service & Affordable Rates!

Whether you are buying or selling a home, hire us as your executive team. We will be your researchers, marketing and advertising managers, administrators and sales executives in a consultative approach. We can show you any property listed on MLS®, private sales, and new construction homes or condos from builders . We have earned our "Broker" level registration; a title only 1 of out of 5 real estate professionals have. (source Real Estate Council of Ontario) Put our knowledge and professionalism to work for you during this major change in your life!

In addition, if you have any general questions about buying or selling real estate in Ottawa, please contact either Dawn or Gord as we would be most pleased to help.

Please browse our website for listings, reports and other miscellaneous real estate information. There are a couple of recent articles on the menu at left; including the year end 2009 "Ottawa Real Estate Market Results", "Buying From a Builder" and "Why Buy or Sell Right Now" which may be of interest.

Our key tip for 2010: Don't wait for Spring...do it now! Buy or sell early to beat the HST and take advantage of low mortgage rates. Sellers should get their properties on the market as soon as possible and take advantage of the unbalanced listing inventory condition currently favouring sellers. (although this can change)

Sincerest Regards,

Dawn Davey, Broker

Gord McCormick, Broker of Record

613-821-9690 or 1-877-821-9690

Let us help you buy &/or sell your "Oasis" !

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Contacts

Globe and Mail article February 6th, 2010

Ottawa Real Estate Market Hot in January!

Welcome to Oasis Realty, Brokerage

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