Yearly Archives 2013

Ottawa Real Estate Statistics

The Ottawa Real Estate Board reported 891 unit sales in the month of November, a decrease of 4% compared with November 2012. The five year average for the number of sales in the month of November is 939 units. The number of new listings taken in the month decreased by .04% compared with November 2012.  The average sale price increased again. At $356,676, it was up by 1.9% from November 2012 but was down from the previous month.  The listing inventory is 5% above November 2012.  The sales to listing inventory ratio was at 15% which is on the boundary between
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November resale market on par with last year’s results

The snowy month of November brought with it a slower than average resale market in Ottawa. Members of the Ottawa Real Estate Board sold 891 residential properties in November through the Board’s Multiple Listing Service® system, compared with 928 in November 2012, a decrease of four per cent. The five-year average for November sales is 939. “The number of residential properties sold in November, excluding condos, was only down by five units compared to this time last year,” says Tim Lee, President of the Ottawa Real Estate Board. “Sales for the first eleven months of the year are at 13,267,
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2014 housing starts to remain stable

Canada Mortgage and Housing Corporation (CMHC) expects total housing starts to be stable in 2014, as fundamentals such as employment growth and migration continue to support the Canadian housing market. That’s the forecast contained in CMHC’s fourth-quarter outlook report.
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Vanier – $329,000

Updated 2 bedroom single family home on a one way street, situated on a mature 33′ x 95′ lot! Open concept main level living & dining rooms w/hardwood floors, & a renovated kitchen with access to large rear yard. Lower level features an in-law suite complete w/kitchen, 3 piece bathroom, & a separate entrance. New windows, gas furnace, updated bathrooms, & much more! Move in ready! Immediate possession! Begin here @ 269 Bradley Avenue! (more info)
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Vanier – $1,750/month

Centrally located move-in ready 2 bedroom, 2 full bathroom condominium available immediately for rent. Newly built Diefenbaker model features approx. 965 sq ft. 5 appliances, underground parking & locker included! Modern building with indoor pool, gym, party room, and more! Nearby shops, restaurants, OC Transpo. Leisure living @ 1507-70 Landry Street! (more info)
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Ottawa Real Estate Scams

The Ottawa Police Service Organized Fraud Unit is investigating public complaints of real estate fraud using online classified sites. Unknown suspects are duplicating genuine online postings of area properties at a drastically reduced asking price. To date, phony ads have been posted on Kijiji and ForSaleByOwner.ca. The suspect(s) represent themselves as agents for the property and provide a contact telephone number or e-mail to the public. It appears the suspect(s) are attempting to convince interested buyers to provide a “deposit.” In some cases the suspect has actually contacted the genuine sellers indicating they have clients interested in the property. The
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Beacon Hill North – $459,000

Gorgeous 3+1 bedroom, 2 bathroom family home on a child-friendly crescent. This exceptionally well-maintained home features a renovated kitchen and main level bathroom, new furnace & C/A, updated windows, new exterior doors, hardwood floors, & much more! 90 day/TBA possession. Highly recommended @ 2035 Kings Grove Crescent! (more info)
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Ottawa Real Estate Statistics

The Ottawa Real Estate Board reported 1,090 unit sales in October, an increase of 2% compared with October 2012. The five year average for the number of sales in the month of October is 1,091 units. The number of new listings taken in the month increased by 6% compared with October 2012.  The average sale price also saw an increase. At $360,085, it was up from the previous month and increased by 4.1% from October 2012.  The listing inventory is 8% above October 2012.  The sales to listing inventory ratio was at 16% which indicates a balanced market. All indicators point
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Rivergate – $769,900

Elegant open concept two bedroom, two full bathroom condominium with southern exposure in a premiere community! This inviting and comfortable home boasts over 1,800 sq ft, and features hardwood floors in the principal living rooms! Two parking spaces, plus two lockers! Concierge, 24 hour security, indoor pool, guest suites, & much more! Convenience and privacy @ 1102-3580 Rivergate Way! (more info)
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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 Ansel Clarke, Past President of the Ottawa Real Estate Board. “This is a welcome change from the first half of 2013, where we saw continuous decreases, albeit small ones, in the number of units sold. We are also seeing average prices beginning to creep back
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