Ottawa Real Estate Market

What's happening in the Ottawa Real Estate Market

Just Listed - Gorgeous New England Style Manor Home on the island in heart of Manotick - 1062 Heenan Terrace - $749,900

Click here to view more photos of 1062 Heenan Terrace, Manotick Ontario - Manotick IslandStep in to your own pristine private estate on a quiet lane in Manotick and enjoy the best in luxurious, stylish, and comfortable living.  Beautifully situated off Island Park Drive in the village of Manotick, this elegant home sets the standard for meticulous!  View More Photos with Explanation or View the Photo Gallery

Step out of the home and retreat to your stunning country club-like grounds, with inground pool and stately gardens. Entertain your guests in the beautiful and gracious surroundings, or relax and unwind in the peace and privacy. Either way you'll feel like you've definitely arrived! 

Great Executive Home on the ridge overlooking the Gatineaus in Falling Brook Estates - 587 Brookridge - Orleans - Ottawa - For Sale - Just $445,000

Click here to see more photos of 587 Brookridge CrescentSuperb family home on the ridge in Fallingbrook Estates.  Sweeping views of the Gatineaus - backing onto green space and nature trail.  Ideally located and with no rear neigbours ever this beautiful Constantine model boasts over 2700 square feet of luxury living space. View More Photos with Explanation or View the Complete Photo Gallery

Mortgage Insurance Simplified

Do your eyes glaze over when you are faced with pages of information, charts and graphs? I have simplified the comparison between mortgage-lender insurance and personally-owned mortgage insurance.

 

Mortgage insurance purchased from
a mortgage lender

 

Lansdowne Park - City Releases 5 bold new designs Lansdowne - View the proposals resulting from the design competition

Ottawa's Lansdowne Park re-design plans are now availableThe 5 top design plans for Lansdowne Park have just been released from the city. Five bold plans all have a focus on the Aberdeen Pavilion ( Cattle Castle ) from green houses inside of it and housing the Ottawa Farmer's Market to bringing the waters of the canal right to it's door.

Hottest April on record for resale housing market in Ottawa - April 2010

Members of the Ottawa Real Estate Board sold 1841 residential properties in April through the board's Multiple Listing ServiceR system compared with 1591 in April 2009.  That represents and increase of 15.7 percent.  Those numbers blew away the record for April which is always one of the busiest months of the year.
Four hundred and twenty-five of those sales were in the condominium property class while the rest were in the residential property class.
The average sale price of condominiums was $254,220 an increase of 17.4 percet over April 2009.  The average sale price of residential properties was $356,617 and increase of 11.7 percent over April 2009.

***IMPORTANT UPDATE*** CMHC Softens Approach to 5 Year Fixed Qualification Rate

Info received from Mike Hatch of Ottawa's Home team at www.ottawashometeam.com

Good news!

Brisk February Sales keep Ottawa in seller's market - Ottawa Real Estate Board Sales for February 2010

March 5, 2010 : A Great Start to 2010 for Ottawa’s Housing Market

Members of the Ottawa Real Estate Board sold 1,118 residential properties in February through the Board’s Multiple Listing Service® system compared with 787 in February 2009, an increase of 42.1 per cent.

Of those sales, 323 were in the condominium property class, while 795 were in the residential property class. The condominium property class includes any property, regardless of style (i.e. detached, semi-detached, apartment, stacked etc.) which is registered as a condominium, as well as properties which are co-operatives, life leases and timeshares. The residential property class includes all other residential properties.

Ottawa properties are about to cost more - Stop the HST – Cost of buying, owning and selling a home to go up by 8%

Subject: Stop the HST – Cost of buying, owning and selling a home to go up by 8%

Resale home sales still riding high in Ottawa Real Estate Market

November 4, 2009 : Resale home sales still riding high in Ottawa

Members of the Ottawa Real Estate Board sold 1,202 residential properties in October through the Board’s Multiple Listing Service® system compared with 964 in October 2008, an increase of 24.7 per cent.

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