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The September 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: Home sales in Ottawa have risen by 11.4% compared to September 2023, indicating a positive shift in market activity. As we move into the fall, the outlook remains promising. Ottawa continues to face supply challenges, and news of potential future interest rate cuts […]
The August 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: Home sales in Ottawa showed a 10.2% increase over August 2023. With the Bank of Canada’s third consecutive interest rate drop, we’re excited to see even more momentum in the fall market. If you’re considering a move, we’re here to help answer […]
How to determine your home’s value of the current market When thinking about selling your house or just wanting to determine your home value in the current market, estimating its value is a crucial first step. Ottawa home price estimators are a good place to start, but knowing the local real estate market is essential […]
Key considerations when buying a waterfront property Purchasing a waterfront cottage is an exciting journey but making the right decision requires careful thought whether you’re eyeing an Ontario waterfront cottage for sale or browsing through listings of cottages for sale in Ontario, it’s important to consider several factors to ensure investment is sound. Here are […]
The July 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: As of July 2024, the number of units sold year-to-date increased 5.5% compared to the same period in 2023. While summer traditionally sees a slowdown in the resale market, the activity in July is promising and may indicate potential gains ahead. If […]
The June 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: In June compared to the same period last year, Ottawa’s residential resale inventory grew by 4.7%, providing buyers with a broader selection and alleviating pressure. “Now is the time for sellers to ensure their property is at its best and priced appropriately […]
The May 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: The surge in new listings compared to May 2023 was paralleled by a notable uptick in property sales. With May maintaining a consistent pace, anticipation mounts as we eagerly await the impact of the Bank of Canada’s interest rate reduction on June’s […]
The April 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: The spring real estate market in Ottawa is starting to mirror its pre-pandemic vigor. With the arrival of delightful weather, we’ve seen a boost in new listings while buyers are emerging and becoming more active. If you’re considering a move, we’re here […]
The March 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: The Ottawa housing market has seen a positive start to the year, with an uptick in activity persisting as we enter the spring market. With an anticipated drop in interest rates expected this year, buyers and sellers are regaining confidence and are […]
The February 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: Buyers and sellers alike were making moves in February as the number of properties sold in Ottawa increased 15% over the same month last year. Early spring weather has increased activity even while many remain on the sidelines awaiting interest rates to […]
The December 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: Warm temperatures have boosted buyer interest in the Ottawa resale market. There was a 16.5% increase in properties sold in January 2024 over January of 2023. Keep an eye on market trends as the weather continues to influence conditions. If you’re considering […]
The December 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: The resale market had a steady close in Ottawa as we saw the number of properties sold decline. This is a typical close for December. As we see consumer confidence return we are looking for a strong year ahead. If you’re considering a […]
The November 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: We’re starting to see an increase in inventory, bringing more choice back to the market. While inventory increases, the cold weather that has blown in has slowed the pace of sales which is expected for this time of year. If you’re considering a move, […]
The negotiation stage is a pivotal point in any real estate transaction, as it plays a significant role in determining the outcome of the deal. No matter if you’re buying or selling a property — understanding the nuances of real estate negotiation is crucial for securing the best terms, prices, and conditions. In this comprehensive […]
The October 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: Sales and prices on resale properties in Ottawa may have slowed down however, this is a typical trend for October. “While Ottawa’s inventory is slowly building, chronic supply issues mean there’s always an undercurrent of demand. Don’t let the lull fool you: now is […]
The Seasons and the Ottawa Real Estate Market Like the changing seasons, the real estate landscape experiences shifts and transitions, each holding a unique influence on buying and selling patterns. Seasonality is more than just a climatic phenomenon — it’s a critical factor that both buyers and sellers will need to consider in order […]
The September 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: The Ottawa real estate market has now reached a balance, meaning buyer demand is equal to the supply from sellers. It has been some time since Ottawa last saw a balanced market, making it even more crucial for buyers and sellers alike to consult […]
The August 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: There was a slight increase in the number of properties sold in Ottawa’s resale market for August over the same time last year. Demand continues in Canada’s capital as we see an increase in immigration and a new cohort entering the housing market. […]
Great Renovations & Updates for Your New Home Congratulations on moving into your new home! Now for the best part — adding your own personal touch. With a dash of creativity and some careful planning, you can transform your space into a haven that perfectly reflects your distinct sense of style. In this […]
The July 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: The Bank of Canada made two recent hikes to interest rates however, consumers remained confident as we saw the number of sales rise 15% over July of last year. Inventory has continued to climb as did the average sale price in comparison to […]
Retirement Home Buyer’s Checklist Congratulations on retirement! It’s truly a momentous occasion when you’re able to hang up your hat and look back at your professional career as an accomplishment. You’ve earned the years of leisure to come, and you deserve a home that will grant you the utmost comfort and fulfillment in this […]
The June 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: We saw an increase in the number of sold properties over those of June 2022 even though the number of listings were down from the previous year. A strong indication that those who are out shopping are serious about making a purchase. With […]
Should you build, or should you buy? As a buyer, deciding between building a new home and buying an existing one is a choice that requires consideration. Both options have their own set of advantages and disadvantages which can greatly impact your lifestyle, budget and long-term goals moving forward. In this blog, we’ll delve […]
The May 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: Temperatures were on the rise last week and we saw the resale housing market mimic the rise in May as the number of properties sold were up 6% over those of May 2022. With inventory at a low and sale prices up from […]
The April 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: It MAY not feel like spring with the current cool temperatures but the real estate stats for April are a sure sign that spring is in the air! Three signs we’re in a seller’s market: inventory is down to less than two months […]
Selling Your Home in a Competitive Market Selling a home can be a challenging process in any market, let alone a competitive one. With so many properties up for sale, it is essential to take strategic steps to ensure that your home appeals to as many potential buyers as possible. In this blog, we […]
The March 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: The number of property sales may be down 40% from those in March of 2022 however, they’ve increased by 40% over last month (February 2023) showing signs that the spring market is sprouting in Ottawa. If you’re preparing to list your property for […]
The February 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: The average days on market for a listing has decreased as the market continues to stabilize. A decrease in average sale price from February of 2022 which was the peak of the pandemic market however we did see a month over month increase […]
The Role of Technology in Real Estate As technology continues to advance at an unprecedented pace, it has become increasingly important for those in real estate to keep up with the latest innovations that affect the industry. However, familiarizing yourself with the ever-changing landscape of real estate technology can often be a challenge, even […]
Preparing Your Home for a Spring Sale As a homeowner and future seller, it’s important to be aware that the real estate market will fluctuate with the changing seasons. The springtime is typically regarded as the most ideal time for buyers to begin their search due to a variety of factors, such as weather […]
The January 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: New year, new market as we see a slowdown in the number of sales for January and a decrease in the average sale price over January of 2022. We did however see an increase of 3% in the average sale price of a […]
How does location influence desirability and value? Location, location, location. You’ve heard it a thousand times when it comes to real estate, and you likely understand what it means. But which aspects of your location are of most influence when it comes to determining the desirability of your property and ultimately affecting its value? […]
Should you redo your floors? Floors have a dramatic effect on your home’s decor. If you think about it, they’re some of the largest surfaces inside of your home – meaning they take up quite a lot of the space, visually. Your floors serve a functional purpose too, meaning they may have taken quite […]
SUE BARNES
BROKER
JOHN CARKNER
REALTOR®
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