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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 April Sales "spring ahead" seasonally but listing inventory a concern
06 May 13 07:20 AM | Gord McCormick | 0 Comments   
April delivered some relatively encouraging residential sales results with unit sales growing seasonally compared to March but remaining pretty flat compared to last year. Average selling prices were up slightly during the month. These are positive improvements 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...
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...
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...
Key Homebuyer Mistakes and FREE Buyer Tool
30 May 12 09:16 AM | Dawn Davey | 0 Comments   
Key Homebuyer Mistakes: (in no particular order) 1. Couples are not on the same page when it comes to important buying criteria or one party overrides the other. 2. Unrealistic price expectations of what can purchased for available budget funds or lack 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...
Home Buyers Know Best? ...how can sellers even the score?
20 April 12 05:07 AM | Gord McCormick | 5 Comments   
Who knows market values better...buyers or sellers? While sellers know their own property/neighbourhood pretty well and have done some advance research on selling prices, we believe that buyers are more up to date with what is going on in the day to day Read More...

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