Tips

Making a Smart Purchase in a Seller’s Market

While Ottawa’s real estate market remains more balanced than some other large Canadian cities, increasing condo sales and a tightening inventory of available homes means that, in many Ottawa neighbourhoods, sellers will have the advantage in real estate negotiations. If you are interested in making a purchase in such a market, it is especially important …

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Understanding Flood Insurance

According to the Insurance Bureau of Canada, water damage has now surpassed fire as the leading cause of home insurance payouts. As climate change advances, Canadian insurance adjusters believe that flooding will become increasingly common. Large cities, including Toronto and Calgary, have experienced historic flooding in the past few years, and so has the Capital …

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Condo Sales Help Set New Record for August Unit Sale

Members of the Ottawa Real Estate Board sold 1,538 residential properties in August through the Board’s Multiple Listing Service System, compared with 1,481 in August 2016, an increase of 3.8 percent. The five-year average for August sales is 1,343. Condo sales continue to strengthen the Ottawa resale market. These numbers also assisted in setting a …

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Condo sales drive the Ottawa resale market in July

Members of the Ottawa Real Estate Board sold 1,530 residential properties in July through the Board’s Multiple Listing Service System, compared with 1,490 in July 2016, an increase of 2.7 per cent. The five-year average for July is 1,446. Year to date, there have been 10,825 properties sold on MLS compared to 9,771, an 11.8 …

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