Eric’s Ottawa Real Estate Blog

 


Buy A Home Now Or Wait? A Mortgage Expert Weighs In

We attended a very interesting webinar on September 20, 2023, by Joanna Lang who is a mortgage agent and managing partner of Outline Financial based in Toronto.  Much of her presentation is based on information concerning Toronto (and from the Toronto …

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Are There Enough Homes For People in Canada?

“Ottawa Resale Market Stalls in August, Supply Challenges Persist” Members of the Ottawa Real Estate Board (OREB) sold 1,196 residential properties in August through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,130 in August 202 …

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A teenager says she accidentally moved into an apartment complex for senior citizens and is documenting her new life on TikTok

(Rebecca Flood, newsweek.com) A teenager has compared her life to the plot of a “Hallmark movie” after accidentally moving into a retirement home. Madi Ann, 19, shared the bizarre story on TikTok, revealing she moved from Norman, Oklahoma, to start a n …

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Ottawa Stabilized July Resale Homes Market Showing Positive Price Gains

Members of the Ottawa Real Estate Board (OREB) sold 1,263 residential properties in July through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,102 in July 2022, an increase of 15%. July’s sales included 979 in the freehold-proper …

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June’s Resale Market Eases into Summer

Members of the Ottawa Real Estate Board (OREB) sold 1,658 residential properties in June through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,493 in June 2022, an increase of 11%. June’s sales included 1,234 in the freehold-prop …

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Canadian Housing Programs, Information and Rebates That May Be Of Use To You

CREA (the Canadian Real Estate Association) has been a strong advocate for many programs, lobbying the government to introduce measures that make homeownership more affordable and accessible for all Canadians. One measure that CREA lobbied for was the …

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8 Common Financial Fails that are Easily Avoided!

8 Common Financial Fails

8 Common Financial Fails that Are Easily Avoided! It’s time for a quick, 5-minute workout to build your financial fitness and hopefully avoid some of the most common financial blunders we see over and over again. 1. Spending too much on a car. You shou …

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More Housing Please! – Very low inventory in Ottawa Housing Market

Months of Inventory is used to measure how many homes are available for buyers to view and buy. This chart of the last ten years shows that 2013-2016 were quite similar, with the seasonal variations of homes for sale. But from 2017, Ottawa had a steady …

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