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October resales comparative to five-year average

Members of the Ottawa Real Estate Board sold 1,090 residential properties in October through the Board’s Multiple Listing Service® system, compared with 1,069 in October 2012, an increase of two per cent. The five-year average for October sales is 1,091. “Resale units sold in October are right on par compared to the five-year average,” says […]

Bel Air Heights – $359,000

All brick 3 bedroom Campeau built bungalow on a mature 50′ x 100′ lot in desirable Bel Air Heights. This comfortable, bright, and well-maintained family home by the original owner features hardwood floors throughout the main level, updated windows, and will appeal to the home buyer who is willing to do some “home” work! Nearby […]

Ottawa Real Estate Statistics

The Ottawa Real Estate Board reported 1,119 unit sales in September, an increase of 12.5% compared with September 2012. The five year average for the number of sales in the month of September is 1,121 units. The number of new listings taken in the month increased by 3% compared with September 2012.  Though unit sales increased […]

Bank of Canada stands pat on key interest rate

The Bank of Canada made no change in its key policy interest rate this morning as expected, leaving it at the one per cent level it has been at for the past three years. The central bank said low interest rates will remain “appropriate” as long as inflation and growth in Canada remain subdued. The bank noted that the global economy continues […]

Riverside Park – $409,000

Meticulously maintained bungalow on a mature and picturesque 58′ x 113′ lot, backing on to park land. This warm and welcoming family home features an updated kitchen, bathrooms, roof shingles, windows, & much more! Hardwood floors in principal rooms and both bedrooms! Large recreation room for any occasion! Private, peaceful, and perfect @ 1032 Wiseman […]

Country Place – $665,000

Gorgeous 4 bedroom, 4 bathroom on a child friendly court, backing on NCC land, with southern exposure! Gracious foyer with spacious principal rooms, and a main level den, too! Renovated and efficiently designed kitchen/eat-in area overlooks the large family room. Huge master bedroom with private balcony! Fully finished and versatile lower level. Space and sunshine […]

Centrepointe – $449,000

Exceptional location backing on Tallwood Woods, a protected natural area. Bright Minto built 3 bedroom, 2.5 bathroom with main level family & laundry rooms. Huge kitchen with separate eat-in area! Large master bedroom! Unspoiled lower level! Nearby services, the Transitway, bike paths, library, and more. Immediate possession. Mature & private @ 50 Pinetrail Crescent! (more […]

Ottawa Real Estate Statistics

The Ottawa Real Estate Board reported 1,219 unit sales in August, an increase of 6.5% compared with August 2012. The five year average for sales in the month of August is 1,202 units. New listings taken in the month increased very slightly by 1.8% compared with August 2012.  Though unit sales increased the average sale price, […]

Parkwood Hills – $205,000

Immaculate! Sunny 2 bedroom condominium with southeast exposure. This fully renovated and updated home is in move-in condition! All inclusive condominium fees. Fabulous on-site recreational facilities! Nearby services & amenities! Secure, peaceful, and friendly @ 819-20 Chesterton Drive! (more info)

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 […]

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