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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: 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...
Ottawa real estate: seller tips for winter showings
18 November 14 07:44 AM | Gord McCormick | 0 Comments   
Alas, we are entering the winter doldrum season for Ottawa real estate (Nov-Feb are the slowest 4 months of the year!) Though business is much reduced, there is still activity and some buyers and sellers are still active. Winter brings some additional 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...
Ottawa real estate: Could a Toronto like Municipal Land Transfer Tax (MLTT) be coming to Ottawa?
19 May 14 09:16 AM | Gord McCormick | 0 Comments   
Taxing Housing questions for your Municipal and Provincial Candidates: The City of Toronto has had a Municipal Land Transfer Tax in place since Feb 1, 2008. This tax basically mirrors the Provincial Land Transfer Tax (LTT) and doubles the amount of tax Read More...
REALTOR® experience and assistance can be invaluable in new construction home purchase
15 April 14 08:55 AM | Gord McCormick | 0 Comments   
Many buyers do not realize that real estate professionals are also on top of builder offerings in the area. We have to be, as builder properties are very much a competitive issue in the marketplace and impact pricing and marketability of our resale listings. Read More...
Ottawa real estate sales continue to stall in wintry March
08 April 14 09:22 AM | Gord McCormick | 0 Comments   
Sales: While the number of sales transactions in March decreased only 2.9% in March compared to last year, the comparison with the 5 year average paints a much more challenging picture. Residential transactions during the month were 11.3% lower than the Read More...
Ottawa real estate January 2014 results: mostly "chilly" except mortgage rates
10 February 14 08:59 AM | Gord McCormick | 0 Comments   
January 2014: Most indicators “chilly” except mortgage rates January is always about the lowest transaction/volume point in our real estate year in terms of results and January 2014 was no exception and in fact this year was slower than most. Read More...
What we "city slickers" need to know about country properties
31 January 14 07:20 AM | Gord McCormick | 0 Comments   
Many buyers consider a country residential property as their “Oasis” to get away from the density, traffic and hustle and bustle of our urban and suburban neighbourhoods. Fortunately, we have many excellent “country suburbs” or Read More...
Beware of "headlines" in shaping real estate plans
28 January 14 11:12 AM | Gord McCormick | 0 Comments   
The last year or year and a half has provided an amazing disparity of headlines concerning the real estate market and where it is headed. We have seen a myriad of headlines in print and online media varying from “strong spring market” predictions Read More...
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