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 ...

Maximizing the Sold Price of your Home

March 15, 2021

*All data comes from the Ottawa Real Estate Board. Maximizing your final sale price: In this post I will dive into how to maximize the final sale price of you home. There are a few simple but important steps homeowners can take to get top dollar for their home. Even ...

Ottawa Real Estate – List Prices Explained

March 13, 2021

The Ottawa real estate market has gone through some big changes over the past 5 years and especially over the past 2 years. In this post I will try to shed some light on what a list price is, how they are determined and how to find the true value ...

Ottawa Real Estate – The Lockdown Effect 2019 vs 2020 vs 2021

March 7, 2021

  A look at how covid and the lockdowns effected new listings, average sales prices and sold properties per week in Ottawa.   New Listings by Week: Ottawa Real Estate Residential and Condos Legend: 2021,  2020, 2019   Average Sale Prices by Week: Ottawa Real Estate Residential and Condos Legend: 2021,  2020, 2019   Sold Properties by ...

Ottawa Real Estate Average Sale Price by Week

Ottawa average sale prices for 2021 are well above 2020 and 2019 levels. This pop in prices was fueled by low mortgage rates and the work from home segment. It will be interesting to see how the spring market unfolds. Inventory levels are very low. However the number of transactions ...

Ottawa Real Estate Sold Properties by Week

This graph shows a strong start for the 2021 Ottawa real estate market. Sold properties per week are above 2020 and 2019 levels. My expectation is that sold properties per week will follow a similar trendline as 2019 reaching a peak in May or June. ...

Ottawa Real Estate New Listings by Week

This graphs shows the dip new listings took in 2020 as people stayed home. I expect new listings in 2021 to be closer to the trendline set in 2019. This will provide more inventory for the spring market as compared to 2020. ...

Ottawa Real Estate Market Update – Feb 2021

March 4, 2021

Ottawa real estate prices continued to climb year over year for February 2021. Once again we are seeing the strongest demand for detached homes and townhomes. Active listings are down over 50% from last year and properties sold increased resulting in a low inventory of available properties.   ...