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Ottawa listing inventory highest in 12 years!
10 July 15 06:43 AM | Gord McCormick | 0 Comments   
Many sellers face a long, stressful summer in Ottawa real estate June sales results were generally positive with increases in unit sales and average prices but listing inventory continues to grow and make life miserable for many sellers. Listing inventory Read More...
Ottawa real estate Q1 2015: modest sales, potentially scary listing inventory above $500K
09 April 15 11:43 AM | Gord McCormick | 0 Comments   
Is it a flood of spring sales in Ottawa real estate….or just listings? April 9 th , 2015 Unit sales grew seasonally in March (from February), as usual but not enough to melt down a glacier of listing inventory and in fact, it appears the growth Read More...
What to expect from the 91 Most important days in Ottawa real estate...starting today!
01 April 15 02:00 PM | Gord McCormick | 0 Comments   
While the weather still has us wondering, there is no doubt that April 1 st marks the start of the most important 91 days in the Ottawa real estate year. 3 Biggest Sales Months: May is the #1 unit sales month of the year, followed closely by June #2 and Read More...
Buy first or sell first? Tough question in 2015 Ottawa real estate
22 March 15 10:38 AM | Gord McCormick | 0 Comments   
The dilemma: Homeowners have always had to decide whether to find their “dream home” first and secure it or sell their existing home first in the hope they can find the “dream home” at the same time. For a look at some of the challenges Read More...
Ottawa real estate Feb 2015: Listing inventory continues to pile up while sales and prices stagnate
05 March 15 04:12 PM | Gord McCormick | 0 Comments   
Frigid February 2015 Freezes Ottawa Real Estate: No surprise that it was tough sledding in Ottawa real estate in February. Record setting cold during the month certainly deterred many buyers, so hopefully they will be back in the market for the spring Read More...
Who or what is to blame for abysmal listings to sales ratio in Ottawa real estate?
15 February 15 09:55 AM | Gord McCormick | 0 Comments   
Who is most to blame for abysmal listings to sales ratio? We were reviewing year-end numbers for 2014 and discovered some disappointing stats on listing to sales performance across the board during the year. Success rate only 48.1% for new listings during Read More...
Is it the 1990's all over again in Ottawa real estate?
28 December 14 11:30 AM | Gord McCormick | 0 Comments   
Is it “déjà vu, all over again” in Ottawa Real Estate? We have suffered through another slow year in Ottawa real estate in 2014 with flat sales and overall prices barely in positive territory. A Federal restraint program and Read More...
Should I list my Ottawa property over the winter months?
05 December 14 12:24 PM | Gord McCormick | 0 Comments   
While the credo of professional real estate would suggest “there is never a bad time to list a house/property”, there are certainly a number of issues to be considered in marketing a property in the Ottawa winter. This is particularly true Read More...
Ottawa real estate: Why this may be the best time for a new home construction purchase
24 November 14 09:00 AM | Gord McCormick | 0 Comments   
As the overall market dips in to the winter doldrums with limited sales, it actually may be almost the perfect time to consider a new construction home purchase.(especially for those with existing properties to sell) Why is this? Re-sale timing for current Read More...
Ottawa real estate: residential average selling prices in negative territory in October 2014
19 November 14 10:44 AM | Gord McCormick | 0 Comments   
Ottawa real estate residential prices showed a 3.2 % decrease in the average price of properties sold in October, compared to Oct 2013. While one month does not make a trend, it is only the 2 nd time this year that average selling prices in a month have Read More...
Lower Seasonal fall unit sales a worry for Ottawa sellers
29 September 14 10:56 AM | Gord McCormick | 0 Comments   
As the leaves fall, so does the number of potential buyers-get it sold now! We still have a few weeks of good fall selling season ahead of us but these are dwindling quickly and we are already almost half way through the strongest portion of fall sales. Read More...
Why are so many Ottawa listings overpriced?
24 August 14 09:19 AM | Gord McCormick | 0 Comments   
...it has been a long spring and summer for many Ottawa sellers: why is that? Our Ottawa real estate market has been slowing for two years and we have been accumulating excess listing inventory steadily during that time to the level where we now have Read More...
Is a buyer's market coming to Ottawa real estate? ...or is it already here?
07 July 14 07:05 AM | Gord McCormick | 0 Comments   
Ottawa Real Estate: June 2014 results Listing inventory level remains key issue in very competitive Ottawa Market June Sales: Depending on your point of view, June sales were either steady or lacklustre with residential properties showing a slight increase Read More...
Ottawa real estate: May sales OK but listing inventory levels critically high
06 June 14 08:31 AM | Gord McCormick | 0 Comments   
Ottawa May Real Estate Results 2014 May Sales OK but listing inventory surges to worrisome levels Sales: Sales results were generally steady (or flat, depending your perspective) in May 2014. Residential sales transactions showed a slight increase over Read More...
What you can expect to pay for housing in Ottawa
19 March 13 10:19 AM | Gord McCormick | 0 Comments   
Here is a summary of average selling prices by housing type based on results for 2013 up until the end of February 2013. These are only averages of course and will vary by area, age of house, house features etc. Our current residential real estate market Read More...
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