Archives for Ottawa Sellers

Ottawa’s real estate market sprung back to life in March.

Ottawa’s real estate market sprung back to life in March.

April 9, 2018 | Comments Off on Ottawa’s real estate market sprung back to life in March.

Ottawa Business Journal Online, April 5th 2018 Ottawa’s residential real estate roared back to life in March with a double-digit increase in sales and an eight-per-cent increase in average house prices, according to the Ottawa Real Estate Board. “Properties that are priced well are selling quickly,” said OREB president Ralph Shaw in a statement, adding that homes are spending an average of 43 days on the market, down from 54 days in March 2017. Ottawa realtors sold 1,660 residential properties last month, up 12.3 per cent from the 1,478 sold during the same period a year earlier, according to OREB
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‘Shortage’ of homes for sale pushes Ottawa property prices up 6.8% in Q4: Royal LePage

‘Shortage’ of homes for sale pushes Ottawa property prices up 6.8% in Q4: Royal LePage

January 15, 2018 | Comments Off on ‘Shortage’ of homes for sale pushes Ottawa property prices up 6.8% in Q4: Royal LePage

‘Shortage’ of homes for sale pushes Ottawa property prices up 6.8% in Q4: Royal LePage The Ottawa Business Journal, online, Published January 10th 2018 Low inventory levels and a last-minute rush to beat tougher Canadian mortgage rules helped push the average price of a home in Ottawa to $442,533 in the final quarter of 2017, Royal LePage said Wednesday. The real estate firm’s latest house price survey said the average price of a home was up 6.8 per cent, year over year – four percentage points below the national average. New mortgage rules came into effect at the start of this
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How an in-law suite can add value to your house

How an in-law suite can add value to your house

December 11, 2017 | Comments Off on How an in-law suite can add value to your house

Looking for a way to increase the value of your home or simply a way to give your parent or in-law their own space? Living in a multi-generational household can have its challenges, but adding an in-law suite to your home can create a better home dynamic, give privacy, and increase the worth of your house. Click here for more.  
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OSFI sets new mortgage rules, including stress test for uninsured borrowers, find out more about how this will affect you

OSFI sets new mortgage rules, including stress test for uninsured borrowers, find out more about how this will affect you

October 23, 2017 | Comments Off on OSFI sets new mortgage rules, including stress test for uninsured borrowers, find out more about how this will affect you

By Pete Evans, CBC News Posted: Oct 17, 2017 9:29 AM ET Last Updated: Oct 17, 2017 3:02 PM ET   Canada’s top banking regulator has published the final version of its new mortgage rules, which include a requirement to “stress test” borrowers with uninsured loans to ensure they could withstand higher interest rates.   The Office of the Superintendent of Financial Institutions (OSFI) released new guidelines for the mortgage industry on Tuesday. The regulator floated a similar version of these rules earlier this summer in draft form, but Tuesday’s release makes them official as of Jan. 1.   Click here to read the article
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Ottawa’s population continues to increase, with western suburbs seeing largest growth in 2016

Ottawa’s population continues to increase, with western suburbs seeing largest growth in 2016

September 18, 2017 | Comments Off on Ottawa’s population continues to increase, with western suburbs seeing largest growth in 2016

Published on: September 6, 2017 | Last Updated: September 7, 2017 5:52 PM EDT by Jon Willing   Ottawa continues to welcome new resident as the population steadily climbs and developers build new homes. Commercial and industrial space vacancies inched up last year, but developers continued to add more space to the market. All of the latest statistics are in the City of Ottawa’s 2016 development report, which was published this week. The City of Ottawa’s population at the end of 2016 was 968,580, up by 0.8 per cent from 2015. Click here to see all the statistics
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