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Buy first or sell first? Tough question in 2015 Ottawa real estate
22 March 15 10:38 AM | Gord McCormick | 0 Comments   
The dilemma: Homeowners have always had to decide whether to find their “dream home” first and secure it or sell their existing home first in the hope they can find the “dream home” at the same time. For a look at some of the challenges Read More...
Ottawa homeowners: don't "over renovate" in this real estate market
30 January 15 11:20 AM | Gord McCormick | 0 Comments   
Sellers face a very competitive market in 2015: We have excess listing inventory and sellers also face fierce competition from new construction inventory from builders. This has resulted in buyer’s market conditions with significant price pressure 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...
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...
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...
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...
Summer sales slow somewhat but still an active time for Ottawa Real Estate
19 July 13 08:32 AM | Gord McCormick | 0 Comments   
We have recently finished the busiest quarter of the year for real estate sales which ended June 30 th . While many may think "that summer is dead" for real estate this is not correct! Though the number of sales transactions drop by 20 or 25% Read More...
No signs of spring in Ottawa March real estate results
05 April 13 07:24 AM | Gord McCormick | 0 Comments   
Sales down, prices flat but listing inventory is the story in March 2013 A wintry March did nothing to thaw the slowdown in residential real estate results. The number of sales transactions was down and prices flat but the key indicator to watch is listing 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...

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