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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...
Is fall a good time to buy or sell Ottawa real estate?
06 September 15 08:47 AM | Gord McCormick | 0 Comments   
Our peak real estate season is fading with the last weeks of summer but what is the outlook for those looking to buy or sell in the fall market? Business steady if unspectacular in Sept and Oct: As one can see from the table below, September and October Read More...
Why do most Ottawa buyers want "move-in-ready?"
27 March 15 09:56 AM | Gord McCormick | 0 Comments   
Most buyers we work with are looking for move in ready properties as much as possible. Though there are buyers who are prepared to do some updating after buying a property, these are in the minority with the possible exception of very high demand neighbourhoods. 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...
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...
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...
Semi-detached homes offer great compromise for both first time buyers and those downsizing
04 April 13 06:39 AM | Gord McCormick | 0 Comments   
Semi detached homes which feature one common wall with another dwelling seem to be popping up all over the place. From infill projects in the core to new suburban construction, the semi-detached home seems to be having a great renewal in popularity. When 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...
"Chilly" January continues 7 month trend in Ottawa real estate
07 February 13 05:16 AM | Gord McCormick | 0 Comments   
Transactions and residential average selling price dip: Ottawa got off to an even slower start than usual, posting an 11.7% decrease in the number of sales transactions in January with 602 residential and condo units being sold. The average residential Read More...
DND IRP Review could impact Ottawa real estate
05 February 13 06:14 AM | Gord McCormick | 1 Comments   
What is IRP? A recent article (Jan 29 th , 2013) in the Ottawa Citizen discusses a review being conducted by the Pierre Daigle, the DND Ombudsman in to the Military Integrated Relocation Program (IRP). This program is used to move large numbers of military Read More...
Disclosure statement often overlooked by new condo buyers
03 December 12 07:22 AM | Gord McCormick | 1 Comments   
What is it and why is it important? The disclosure statement is a compilation of information describing the condo, units and amenities, financial structure, responsibility and timing, first year budget, proposed bylaws, etc.. These documents are provided Read More...
Are "first refusal" offers making a comeback?
19 October 12 04:41 PM | Gord McCormick | 0 Comments   
The buyer offer containing a "first refusal" condition could be making a comeback in our current more challenging marketplace. With a market favouring sellers for the last many years, the first refusal offer had almost completely fallen out 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...
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