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How will Federal election results impact Ottawa real estate?
06 September 15 08:55 AM | Gord McCormick | 0 Comments   
As we reach the halfway mark in a hotly contested (and for us, lengthy) campaign, we were wondering what the election outcome might mean for our local real estate market. Though few can have an accurate crystal ball on this issue, we did a little history Read More...
Ottawa seller tips for summer showing success!
07 June 15 11:36 AM | Gord McCormick | 0 Comments   
Late spring and early summer should be the best time to sell a residential property, as most properties outdoor spaces will look their best. Here are a few tips on how to make sure your listing is as ready as can be: 1. Remember: buyers shop online first, Read More...
Will the Strandherd-Armstrong bridge impact real estate in Barrhaven and Riverside South?
30 September 13 11:27 AM | Gord McCormick | 0 Comments   
The long awaited bridge across the Rideau River is hopefully going to open sometime in 2014. Will this link change the real estate dynamics in the newly joined communities? Will one community or the other benefit? (or lose!) Here are some key questions Read More...
Condo Act review consumer input due by March 11th
22 February 13 11:32 AM | Gord McCormick | 0 Comments   
Condo Act Review: time is running out for consumer input The Ontario Condominium Act is currently in the final phases of being reviewed to determine updates to the legislation and what changes are needed. With the proliferation of condos, many problems Read More...
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...
Ottawa residential real estate market at mid-year: Steady or Slowing?
08 July 12 06:43 AM | Gord McCormick | 0 Comments   
Depending on your perspective, June resale results either indicate a steady performance in a balanced market or that the market is showing signs of slowing with both transaction levels and average prices being basically the same as June 2011. Unit Sales: 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...
Does company/brokerage size matter in residential real estate?
14 May 12 07:54 AM | Gord McCormick | 0 Comments   
Why company (brokerage) size doesn’t matter in residential real estate We feel there is often a misperception concerning organized real estate that we thought worth discussing. Many consumers may feel that there is some measure of security or added Read More...
Ottawa's 10 Largest Brokerages 2011
09 May 12 02:43 PM | Gord McCormick | 0 Comments   
Ottawa’s Largest Brokerages by Transaction Volume 2011 An interesting report was recently released by Real Trends, a US based real estate consulting and marketing firm. They have published a list of the 250 largest real estate brokerages in Canada. Read More...
The "Exclusive" Listing: Viable marketing tool or simply a closing technique?
25 April 12 07:25 AM | Gord McCormick | 1 Comments   
What is an exclusive listing? We are noticing that the use of “exclusive” listings is being employed by a number of sales people in our area at the present time. As many consumers may not be aware of the difference between the typical full Read More...

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