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Real Estate in Ottawa for March 2015......

Members of the Ottawa Real Estate Board sold 1,208 residential properties in March through the Board's Multiple Listing Service® system, compared with 1,184 in March 2014, an increase of two per cent. The five-year average for March sales is 1,236."Sales increased month over month, with 356 more properties sold in March over February, a 41.8 per cent increase," says David Oikle, President of the Ottawa ...

February's Cold Reflected in Total Sales

The Month of February in Ottawa Did Not get above Zero Celsius , people hibernated, Rideau Canal Skate Way was open for a record number of continuous days AND Sales on the Ottawa Real Estate Board were down; way down. Yes, if the average was 914 over the past 5 years and last year the members generated 868, the 853 reflects a decrease of 1.7 % but if we take the 5.7% increase in January sales ...

Interest rate remains at 3/4 per cent

There has been much speculation since the Bank of Canada’s surprise rate cut in late January, but have the predictions come true? Following the last cut on January 21, many big banks predicted a further cut would be made today, but the Bank of Canada has moved to maintain the rate at ¾ per cent, citing improved economic conditions since that last move.“Financial conditions in Canada have eased materially ...

Home buyers undeterred by January cold

 Members of the Ottawa Real Estate Board sold 627 residential properties in January through the Board’s Multiple Listing Service® system, compared with 587 in January 2014, an increase of 6.8 per cent. The five-year average for January sales is 633. “The cold weather proved not to be a deterrent for buyers in January,” says President of the Ottawa Real Estate Board, David Oikle. “Residential and ...

www.612victor.com

Charming 2 storey 3 bdrm home with 1 1/2 bath and main floor laundry. Built in 2004 home features a large kitchen, open concept layout, and completely finished basement with 4th bedroomm for the growing family! It also boasts a large, completely fenced backyard for the kids to play freely! Enjoy your morning coffee this summer on the cozy front veranda. Great deal on this quaint home...don't miss ...

RRSP time

For first time buyers, there is definitely a way to use your RRSP money towards the deposit of your new home.  Just speak with a mortgage broker and he will give you the important details on how long the RRSP has to stay in the plan and how much it costs to repay the money on your income tax yearly.  What a convenient way to make condo buying a possibility!

CMHC predictions for 2015

It could take a little while before the Canada Mortgage and Housing Corp.’s recent predictions of a calmer housing market come to fruition, as the latest starts data shows a slight rise in seasonally adjusted starts. Seasonally adjusted starts were up 4.3 per cent from December, to 187,276 starts in the month of January, mainly as builders and developers attempt to meet ...

Should five percent be a requirement?

   The level of mortgage debt in Canada has sparked furious debate among industry professionals about qualification standards for mortgages. “If you can’t save five per cent for a down payment, you have no business buying a house,” says Blair J. Anderson, the broker of record for Promise First Realty in Toronto. “I don’t want my clients to run into a situation where they have to get rid ...

January Sales Consistant, up over 2014

If we look at the overall average for the last five year we are just a little down, but it feels like more than that for me. Yes, the numbers are up from last year for January by 6.8 percent (but last January was really slow) so that's good right? I think it will recover slowly. Ottawa has stopped there stimulus but the bank still wants business. USA is up, Russia is down, others are slowly working ...

14 Attwood Crescent Ottawa (Nepean) Ontario

GREAT IN-LAW SUITE POTENTIAL IN THIS FINISHED LOWER LEVEL WITH FULL BATHROOM. HARDWOOD under most carpet areas, UPGRADES (furnace 2010, air conditioning 2010, most windows 2010, doors 2010, roof and siding approx 1999, attic insulation 2001, panel box 1992, this home is located on a very quiet street with a park & play area just around the corner. Style of home is side split - lower level family ...