Canada mortgage rates will most likely be going up this spring. The 5 year yield rose about 0.5% over the past two months. While the 10 year yield rose about 0.7% since the start of 2021. We are starting to see lenders raise their mortgage rates which is normal and ...
Continue ReadingOttawa rental prices are fairing decent given the increase in active listings in the downtown core. Listings jumped from a low of 100 to about 300 over the past 12 months. Rental prices seem to be in line with the longer 10 year trend, though there is downward pressure. All ...
Continue ReadingThe luxury $1M+ market in Ottawa offers value through more inventory and less buyer competition compared to the overall market. Varying from 2-5 months of inventory over the past year this market segment offers significantly more inventory than the overall market which currently sits at half a month of inventory. ...
Continue ReadingChart showing the number of new listings coming on the market vs the number of active listings. All data comes from the Ottawa Real Estate Board The flow of new listings has decreased slightly. However, the reason for the extremely low inventory is that buyers have been snapping up active ...
Continue ReadingEverything with a private entrance has seen record price gains. Condos are also increasing but at a slower pace. Inventory for homes continues to be very low. ...
Continue ReadingThis chart shows the clear dip and then bump in the number of sales in 2020 due to covid-19. We see a big drop in sales starting march and then a bottoming in April/May. The number of sales after June stay elevated for 2020. ...
Continue ReadingAs active listings decrease, sale prices have been increasing. To some extend this trend is self limiting. As prices keep increasing this will encourage sellers to list properties. And vice versa as prices increase the number of buyers that can qualify will decrease. ...
Continue ReadingThis chart shows that buyers are paying a premium for non apartment style condos. Anything without a common entrance is commanding a higher selling price than list price. ...
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