Monthly Archives May 2013

Stewart Farm – $435,000

Spacious and sun-filled 4 bedroom, 3 bathroom family home on a mature and private 55′ x 101′ lot in desirable Stewart Farm. This cheerful home features hardwood floors on both levels, a large kitchen/eat-in area, main level laundry room, new windows, and a new gas furnace. Renovation possibilities! 60-90 day possession. Spotlight on value @ 5 Rockfield Crescent! (more info)
Read More

Market watch: First-time buyers still a force

Four in 10 Canadians who plan to enter the housing market in the next two years are first-time buyers, according to a new poll. Forty per cent of buyers are predicted to be people new to the housing market, says the 20th Annual RBC Home Ownership Poll. Meanwhile, the majority of Canadians are taking a wait-and-see approach to home buying. Those likely to buy are down from 27% last year to 15% in 2013. This 12% drop is the biggest year-over-year fall in overall buying intention tracked by the annual poll. To read the full news release, click here.
Read More

Ottawa Real Estate Statistics

The statistics are based on sales figures released by the Ottawa Real Estate Board on May 3rd and include sales of both residential and condominium properties in the Greater Ottawa Area. The facts: Number of Sales (1,573) – increase of 0.3%   Average Sale Price ($371,565) – increase of 2.1%  Days on Market = 39 days New Listings – increase of 14.8%  Sales-to-Inventory Ratio – 22%  (Balanced Market)  The Ottawa Real Estate Board reported 1,573 unit sales in April which is a slight increase of 0.3% compared with April 2012. The five year average for sales in the month of April
Read More

Marijuana grow-op registry supported by OREA

The creation of a province-wide registry of homes that were former marijuana grow operations or clandestine drug laboratories is the goal of a bill introduced in the provincial legislature and supported by the Ontario Real Estate Association (OREA). A bill to create a central registry was introduced at Queen’s Park by MPP Lisa MacLeod (Nepean-Carleton) in March. OREA applauds the bill as a way to protect consumers from incurring health and safety risks on the biggest purchase of their lives – their homes. “Grow-ops are a major problem for home buyers in the province and we have been urging the
Read More