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Ontario moves to license condo managers

Things appear to be starting to turn around. Following a year-long review by government and industry officials and condo owner representatives, Queen’s Park recently proposed improving Ontario’s 15-year-old Condominium Act in order to offer condo owners, tenants and buyers greater protection. About 10 per cent of Ontario’s population lives in condominiums and condos represent around […]

Jennifer & Dean Foster

“Thanks for your extensive efforts – including countless phone calls and emails – to help make the sale of our home happen. Your expertise, guidance, and hard work throughout the whole process were very much appreciated.”

Antoine & Laura Sioufi

“We do so much value your help in the sale of the house. We have enjoyed working with you; your patience and understanding along the way were tremendously appreciated.”

St. Claire Gardens – $359,000

Charming and cozy 2+ bedroom bungalow nestled on a mature and private 50′ x 90′ lot in desirable area, with nearby shops, services, and OC Transpo. Features include hardwood floors, a fully finished and versatile lower level, 4 car parking, and more! 60 day/TBA possession. Great beginnings @ 12 Starwood Road! (more info)

CMHC cools mortgage market with new cap for banks

Canada Mortgage and Housing Corp. is putting a cap on the amount of mortgage-backed securities sold by banks that it is willing to guarantee. A spokesperson with CMHC confirmed media reports Monday that the national housing agency will, effective immediately, limit banks and other mortgage lenders to $350 million worth of new mortgage-backed securities per […]

Applewood Acres – $517,000

All brick 4 bedroom, 3 bathroom home on a mature & private 60′ x 120′ lot! This spacious family home features a large family room addition, new roof shingles in 2011, and new gas furnace & A/C in 2008. Endless renovation possibilities! Original owner! Immediate possession. (more inf0)

Ottawa Real Estate Statistics

The Ottawa Real Estate Board reported 1,339 unit sales in July, a decrease of 2.7% compared with July 2012. The five year average for sales in the month of July is 1,347 units. New listings taken in the month increased slightly by 3.9% compared with July 2012.  The average sale price in July was at $359,551 […]

Steady as she goes – No major fluctuations for Ottawa resales.

Members of the Ottawa Real Estate Board sold 1,339 residential properties in July through the Board’s Multiple Listing Service® system, compared with 1,376 in July 2012, a decrease of 2.7 per cent. July’s sales are just below the five-year average of 1,347. “Although the number of residential properties, including condominiums, is down since last year, […]