Monthly Archives November 2013

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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