Monthly Archives December 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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