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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...
16 tips to guarantee a successful sale in spring or summer 2016
15 November 15 01:18 PM | Gord McCormick | 0 Comments   
1. meet with your Realtor to discuss plans and get an up to date market evaluation and check up on your existing property. 2. establish a well buffered estimate of baseline selling price for your existing property. This will help establish net equity Read More...
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...
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...
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...
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: Why this may be the best time for a new home construction purchase
24 November 14 09:00 AM | Gord McCormick | 0 Comments   
As the overall market dips in to the winter doldrums with limited sales, it actually may be almost the perfect time to consider a new construction home purchase.(especially for those with existing properties to sell) Why is this? Re-sale timing for current 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 sellers adjust price expectations to get deals done in July 2014
07 August 14 11:32 AM | Gord McCormick | 0 Comments   
Our continuing heavy listing inventory conditions continue through mid-summer and we believe sellers adjusted their price expectations to get deals done in July. July sales transactions trend: On a transaction basis, sales were pretty good in July: residential 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...
Ottawa Real Estate: key questions for 2014
22 January 14 09:41 AM | Gord McCormick | 0 Comments   
2013 was certainly a slowing year in Ottawa real estate, with residential prices inching up only at an inflation level and the average condo price actually decreasing. This was a significant difference from the results over the last decade where more Read More...
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