Archives

Ottawa Real Market Update for November 2022

Market Summary November 2022: The Ottawa Real Estate market was stable on a month to month basis and posted price decreases on a year to year basis. Detached home prices lost 7.0% from a year ago. They were flat on a month to month basis. Townhomes lost 4.0% compared to ...

Continue Reading

How to Locate Off-Market Properties

What are off-market properties? 1. Properties that are currently available for sale but not publicly advertised on the MLS system. 2. Properties that will be listed on the MLS system in the near future. Most homes take 1-2 months of prep work in order to be ready to list on ...

Continue Reading

Interest Rate Increases and the Ottawa Housing Market

The cost of financing an average single detached home in Ottawa assuming a 20% down payment and a fixed 5-year mortgage: October 2022 / Ave Price $717,000 / Mortgage Rate: 5.2% Monthly Payment: $3402 📈 February 2022 / Ave Price $906,000 / Mortgage Rate: 2.6% Monthly Payment: $3283 ⚡ January ...

Continue Reading