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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...
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...
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...
Who is most at risk in a slowing Ottawa real estate market?
01 November 12 09:00 AM | Gord McCormick | 2 Comments   
Our recent market changes will affect all participants but who is at the most risk in this downturn? (in no particular order) Those who had signed up for new construction properties some time ago and still have an existing property to sell, will face 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...

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