Oasis Realty Brokerage, Ottawa Real Estate
Gord McCormick Ottawa, ON K2S0H6
Phone: 613-435-4692 Mobile: 613-371-9691

March a pivotal month in Ottawa real estate

Though winter and flu weary Ottawans are often still feeling the effects of winter, the real estate market really comes alive as a very important month and often a great indicator for how the whole year will unfold.

 6th largest unit sales month:
March kicks off the 7 largest sales months of the year in Ottawa real estate when peak season runs from March through September.  May is typically the #1 sales month, June is 2nd and April is 3rd.  March comes in 6th, just behind July and August, based on 2017 unit sales.

2nd or 3rd highest in # of new monthly listings: (tied with June and April)
Buyers may notice that new listings really start to flow in March and in fact  it is the 2nd or 3rd largest month of the year for new listings, so buyers will want to keep an eye out for fresh new inventory appearing this month, particularly in our listing starved market conditions.

March Breaks and an early Easter in 2018:
March school breaks may have an impact on activity, as those who take family time off but don’t travel, may spend some extra time on real estate plans.  Also, in 2018 we have an “early” Easter (Good Friday stat holiday Friday March 30th), so this provides another long weekend opportunity for home buyers, particularly those who may be from out of town who can use those extra days off to visit the National Capital Region on a house hunting trip.

Winter listing special until March 21st
We have an amazing residential listing special for Ottawa sellers, see below or call us to discuss your plans! 613-435-4692 or call/text 613-371-9691

(not intended to solicit clients of other Realtors)

Gord McCormick, Broker of Record
Dawn Davey, Broker
Oasis Realty Brokerage


12th year in business as a lower commission independent brokerage

Enhanced IRP listing service for Government employees relocating

We offer an enhanced listing program for those moving on the Federal Government's Intergrated Relocation Program (IRP)  we are a Brookfield registered supplier for this program and have been helping families relocate to and from Ottawa for many years.

In a nutshell, our program offers a full 2.5% buyer representative commission the agent and brokerage that brings a buyer to the listed property.  Given the discount government rate (which we offer to all residential sellers!) of only 3.7%, this means many buyer reps would only receive 1.85% commission for their assistance in getting the property sold.  This falls well short of the 2.5% typically expected by most sales people and brokers in our market.

So if you or someone you know is moving out of Ottawa on a government or military posting or transfer, they can rest easy with our program, knowing they will have the full support of any of the 3,000 Ottawa Real Estate Board members who may have a buyer for their property.

For more detail or background, you can see a archived piece on our blog at:  http://blog.oasisrealtyottawa.com/fedbrookfield-irp-contract-cuts-realtor-commission-to-3-7/


...or feel free to give us a call at 613-435-4692


Gord McCormick, Broker of Record
Dawn Davey, Broker
Oasis Realty Brokerage


winter listing special continues to March 21st!

We have pretty much sold through our listings, so we are sharpening the pencil to encourage sellers to get on the market “pre-season” as listing inventory remains very low and sellers have a good opportunity to get a deal done now!

We are offering full service MLS® listings for suburban residential properties until winter is done on March 21st for only 3.5% (+HST) and if a that seller also buys with us, then they pay total commission of only 3.0%....a huge savings in commission and HST!

While we are not a fan of the current "exclusive listing" craze, if a seller wants to try this non MLS® type of listing then our total commission is only 2.5% if we find a buyer without having to pay another Realtor.

Some conditions apply, not intended to solicit those with existing representation agreements.  Condos and country properties slightly higher.

After this SALE period our regular rates of 3.7% for residential and 3.99% for condos will apply.

Give us a call today to discuss your plans!  613-435-4692 or text to 613-371-9691

Gord McCormick, Broker of Record
Dawn Davey, Broker
Oasis Realty Brokerage.


Listing inventory woes continue to dominate 2018 real estate

New listings are down 13-15% vs last year at the end of January 2018 and total listing inventory is 26% lower than a year ago and 33-35% lower than at the end of January 2016.  This sets the stage for a very interesting year in Ottawa real estate.

Upwards price pressure on residential property:
Not surprisingly, there was upwards price pressure on residential sales values with the average house in January selling for $427,487 up 8.8% from a year ago.  This price increase despite a unit sales decrease of 1.1%,, perhaps reflecting lack of buyer choice due to limited listing inventory.

Condo flip side:
The condo market, meanwhile surged 45.4% on unit sales yet the average selling price was 8.6% lower at $263,744.

These results tend not to agree with typical supply/demand principles and will probably even out in the months to come.

“Grey Market” listings:
Some Realtors are keeping listings out of the MLS® market by use of pocket listings, coming soon listings or exclusive listings that do not appear on MLS®.  In a strong market, there is an opportunity to market properties via social media and other 3 party sources and online, so this may be exacerbating the already limited listing inventory.

So if you see a sign or promo that talks about an “exclusive” listing or see a sign that says “coming soon”, these will not appear on the public MLS® sites.  We don’t agree with these practices, in most cases,  but it is up to each individual seller and their Realtor to determine marketing options for their own property.

Generally speaking however, a seller can only be certain of getting the best market value price by having the property exposed to the widest possible market and this is only possible by full blown exposure on the MLS® system.

When you think it about it….it is also the most fair and democratic, too.

We are back from vacation, refreshed and ready to go for another great year in Ottawa real estate and have some super opportunities for those wishing to list pre-season (February especially!) so feel free to give us a call to discuss your buying or selling plans for 2018.

Gord McCormick, Broker of Record
Dawn Davey, Broker
Oasis Realty Brokerage
613-435-4692  oasisrealty@rogers.com

12th year in business with lower commission rates for sellers

What can we expect in Ottawa real estate 2018?

Here are a few thoughts on some trends or factors that will shape our market in the coming year:

New mortgage “stress test”:
Much has been written about how this additional 2% will impact buyers and approval levels and it will have some impact on the upper end of the market and perhaps for some investors.  Biggest worriers on this have been the mortgage broker community and they are closer to the approval lines than we, so if they are concerned then there is probably something to it.  With mortgage rates continuing to move slightly higher, this may also have an impact on the market.

Re-sale listing inventory levels:
Resale listing levels have been very low for most of the past year and this has caused challenges for buyers and has helped push prices up on residential properties, as demand exceeds supply in most cases.

Listing scarcity has also spawned a number of Realtor activities including more widespread use of exclusive listings or pocket listings, as well as future sales or purchases.  Ie sell now buy later or buy now-sell later.  These creative marketing programs are mostly for the individual Realtor benefit but also have the effect of keeping listings off the MLS® system and further tightening supply.  Unless a property is exposed to the full MLS® market and buying public, one cannot guarantee they are getting their best market value and we think all properties are best listed on full MLS® market.

Builder activity:
Builders had a big year in 2017 and prices have been catching up after several slower years.  Builder delivery schedules may be tightened ie lengthened   if the strong sales performance continues.  We can also expect to see further price increases, if scarcity and labour constraints are present.  Builder inventory or quick occupancy homes remain a good option for buyers and Realtors can help their clients’ research new construction options.

Local ownership diminishing in real estate brokerages:
A clear trend has been taking place over the last couple of years and this has resulted in a lot of Ottawa real estate brokerages ending up in the hands of out of town owners, primarily Toronto based large firms.  All quality organisations but if you prefer to deal with a local broker and owner then there are many small, independent brokers that offer excellent service and more often than not, at lower prices than the mega brokerage.

Competition Bureau vs TREB:
Will this be the year that the final story is written on availability of MLS® data via 3rd parties, so consumers can do their own research on line?  This legal trail is a long and winding one but if an when it is completed, we can expect to see a bit of disruption in the market. Update Feb 6th: apparently TREB is now appealing to the Supreme Court of Canada, so the saga continues....

Government activity:
There is always the potential for government or other regulatory activity that can impact the market but we can’t see anything in the short term that should have a major impact on our market.  The marijuana legalization and some of the provincial moves on tenancies may cause a few wrinkles and deter investor buyers but this remains to be seen.


All in all, it looks like is should be another solid year in Ottawa real estate….stay tuned!, we look forward to working with you this year!

Gord McCormick, Broker of Record
Dawn Davey, Broker

A lower commission brokerage...12th year in business!

Budget beater: new fiscal year 3.7% special MLS® offering for sellers!

The new government relocation contract calls for full service commission of only 3.7% for Federal employees who are relocating under the government Integrated Relocation Contract (IRP) which is administered by Brookfield Relocation Services.

We are offering this 3.7% rate to residential sellers in our coverage area and you will pay even less if you also buy with us!  (some conditions apply. condos slightly higher at 3.99%

If you are a government employee posted out of Ottawa, we also have a special “enhanced or improved IRP”program rate and strategy that helps ensure your property gets sold quickly. 

Check out the attached blogpost to see why this improved IRP program is necessary: http://blog.oasisrealtyottawa.com/fedbrookfield-irp-contract-cuts-realtor-commission-to-3-7/ 

*not intended to solicit those with existing representation agreements

Gord McCormick, Broker of Record
Dawn Davey, Broker
Oasis Realty Brokerage


a lower commission brokerage for sellers!

Ottawa real estate guide