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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...
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...
Could mandatory energy audits and the MLTT be in place by Spring 2016?
29 June 15 03:21 PM | Gord McCormick | 0 Comments   
Mandatory Energy audits and the MLTT: two good reasons to buy or sell now! Buyers and sellers should both be concerned with two pending agenda items on the Provincial Government review list: the potential implementation of mandatory green energy audits 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...
Ottawa home seller tips: 20 questions to ask a potential listing salesperson/broker
14 February 15 09:48 AM | Gord McCormick | 0 Comments   
Questions every seller should ask before listing: Many potential home sellers will be speaking with listing agents over the coming weeks. Here are some tips on questions to ask: Will your recommended listing price generate an offer? How long should it 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 tips for winter showings
18 November 14 07:44 AM | Gord McCormick | 0 Comments   
Alas, we are entering the winter doldrum season for Ottawa real estate (Nov-Feb are the slowest 4 months of the year!) Though business is much reduced, there is still activity and some buyers and sellers are still active. Winter brings some additional 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...
Lower Seasonal fall unit sales a worry for Ottawa sellers
29 September 14 10:56 AM | Gord McCormick | 0 Comments   
As the leaves fall, so does the number of potential buyers-get it sold now! We still have a few weeks of good fall selling season ahead of us but these are dwindling quickly and we are already almost half way through the strongest portion of fall sales. Read More...
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