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Little to be thankful for in September results for Ottawa real estate
05 October 12 05:20 AM | Gord McCormick | 0 Comments   
As we get ready to enjoy our Thanksgiving weekend, the Ottawa Real Estate Board has just released some less than encouraging results for the month of September, continuing a trend of spotty results registered over the last few months. The number of residential Read More...
Seller Strategies in a Buyer's Market
01 October 12 08:47 AM | Gord McCormick | 7 Comments   
The Ottawa Real Estate Board has recently hinted in its October 2014 news release that our market is "..moving in to Buyer's territory". Given our high listing inventory levels and a rare monthly price decrease in average prices of properties Read More...
July 2012 continues cooling trend in Ottawa real estate
05 August 12 08:17 AM | Gord McCormick | 3 Comments   
The resale market for residential homes and condos continued to show signs of cooling, based on July sales results. The number of sales transactions for the month was 1,366 residential properties and condos sold for a slight increase over 2011 of 3.4% Read More...
Just How Many REALTOR®'s are there?
02 August 12 07:32 AM | Gord McCormick | 0 Comments   
A cross section of data concerning the number of registered real estate professionals: Canada Wide: Total brokers, agents and salespeople in Canada: approx. 100,000 Number of local real estate boards in Canada: approx. 100 *source: Canadian Real Estate Read More...
Where are Ottawa's Priciest Neighbourhoods?
14 July 12 06:01 AM | Gord McCormick | 0 Comments   
Here are some stats on our priciest communities, based on year to date sales on the Ottawa Real Estate Board. Remember that approximately 85% of property sales are below $500,000, so these higher end properties account for only about 15% of sales. (just Read More...
May 2012 Sales Results Ottawa real estate
06 June 12 10:29 AM | Gord McCormick | 0 Comments   
May 2012 Sales Results Solid month in residential sales-condo resales lag and inventory accumulates # Transactions up 4.5% over 5 year average The Ottawa residential real estate market performed pretty well in the month of May with a total of 1,896 sales Read More...
Collateral mortgages: Caveat emptor
22 May 12 11:43 AM | Gord McCormick | 0 Comments   
Collateral Mortgages: Buyer Beware! Do you know whether you have a conventional mortgage or a collateral mortgage? Many banks are pushing their collateral mortgage products and at least two large banks now offer only collateral mortgages, while the others Read More...

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