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Listing inventory is the critical indicator to watch in 2016 Ottawa real estate
31 March 16 07:43 AM | Gord McCormick | 0 Comments   
We have had some positive signs in the local real estate market over the last few months and most industry watchers and participants would expect it to be a good year in our marketplace. There are a still a couple of potential “potholes” though Read More...
Lots of potential potholes in Ottawa real estate for 2016
07 February 16 02:46 PM | Gord McCormick | 0 Comments   
Like it or not, our local economy is dominated by Federal government activity and there are a lot of potential potholes we may face as the new government sets out to try and keep all the promises it has made. Will Liberal history repeat itself? Trudeau Read More...
Optimism lifts residential and condo sales in Ottawa November 2015 results
15 December 15 11:45 AM | Gord McCormick | 0 Comments   
Optimistic unit sales for both residential and condo markets in November: Ottawa buyers and sellers were active in November in the fresh optimism generated by the new Federal Government. Unit sales were very positive for the month with residential sales 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...
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...
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...
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 strategies in a tougher market
18 November 14 07:15 AM | Gord McCormick | 0 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...
Good news and bad in Ottawa real estate 2014
08 August 14 09:01 AM | Gord McCormick | 0 Comments   
Well in to August and our real estate market has demonstrated a middling performance at best. Transactions and prices are pretty flat compared to previous years in the resale market and the new home market is also flat but is 17% off the 5 year average. 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...
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...

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