Ottawa Real Estate – Market Update May 2021

June 4, 2021

Key Insights: Inventory of residential homes and condos continues to rise giving buyers more time and options. The top 40% of listings are still generating multiple offers and strong sold prices. Cancelled listings up – Homes are being put on the market for 2-4 weeks and if they do not ...

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Ottawa Real Estate – Prices Double while Rents Stay Flat

May 28, 2021

In this post we will look at two charts. The first chart shows median residential sold prices and the second shows rent prices. As you can see from the chart below, median residential prices have approximately doubled in Ottawa since 2016.   The chart below shows rent prices in Ottawa. ...

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Ottawa Real Estate – Market Update April 2021

May 7, 2021

The Ottawa real estate market is in the process of finding a more sustainable balance between buyers and sellers. Active listings continue to rise while buyer demand remains strong. Key Insights: Buyers are becoming more discerning as rising inventory finally gives them some breathing room. In demand properties are still ...

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How to Buy a Home in a Competitive Sellers Market

May 4, 2021

In this post I will go over a few simple steps that will help you buy a property in a competitive sellers’ market. A sellers’ market is when there are relatively more buyers than sellers. This creates low inventory and competition for available properties. This type of market is usually ...

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The Light at the End of the Covid Tunnel and What it Means for Ottawa Real Estate

April 30, 2021

I expect that by September the number of people that will be vaccinated in Ottawa will allow businesses to start calling employees back to the office. With a large number of public sector and tech orientated employees in Ottawa I am expecting the back to office transition to start off ...

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Active Listings Up 50%! Is the Ottawa Real Estate Market Slowing Down?

April 20, 2021

In this post I will explore the rise of active listings and what that means for the Ottawa real estate market. There has been a rise in residential active listings of 30-50% depending on the area. What does that mean for the Ottawa real estate market going forward? Is this ...

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Ottawa Real Estate Stats for March 2021

April 7, 2021

With an approximate 70% home ownership rate in Canada, the appreciation of home values has created a big wealth effect for the majority of Canadians. It is concerning that first-time home buyers are getting squeezed out of the market. Nonetheless there is no indication of a market slowdown at this ...

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Thumbs up for Bully Offers

March 23, 2021

In this post I will attempt to explain how multiple offer situations work in the current real estate market and why I am a proponent of so called ‘bully offers’ or ‘pre-emptive offers’. I will start with a classic example of a property listings I see all the time in ...

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