The Fabulous and HOT Summer of 2010 has now come to an end! Parent's all over the City are joining in on the 'Happy Dance' and children go back to school today! (I used to lead the Happy Dance on my street with 3 other Mom's). Coming in to the cooler weather reminds us how incredible Mother Nature is as we start to see the leaves changing and get ready to 'hunker down' for winter.
After spending some time with a friend from out of town this summer and seeing this amazing city through a visitor's eyes, I realize how lucky I am. Ottawa, contrary to popular belief, is one of the cleanest cities in Canada. We have so much green space around us to enjoy - the Greenbelt, the Experimental Farm, Bruce and Conroy Pits to name a few. Amazing shopping malls and markets, and water nearby. There is nothing like sitting at Dow's Lake on a beautiful Sunny day sipping a beer and watching the boats go by. The free festivities that the Capital has to offer is second to none.
We are so lucky to have so many sleepy suburbs so close to downtown. Within 20 minutes of the Parliament Buildings, you can be in the country, on waterfront, or in a quiet 'Hidden Gem' like Carleton Heights or Parkwood Hills. Our Transit system really is incredible. We complain about it because we don't know any better. Ask people from other cities how easy it is to manoeuvre by public transportation around their city.
This City has expanded and continues to expand! Within an hour commute to downtown, you can be in another universe with small town all around like Carleton Place, Almonte, Arnprior, Spencerville, Chesterville etc. Another world and sometimes these places feel like another time. It's great to be where everyone knows you and says 'Hello' when they see you in the local store.
Enjoy this transitions period as hectic as it may be! Everyday is a blessing. I hope that today you take some time to reflect as I have :)
Oops!!! I almost forgot! Here's an update on the Ottawa Market:
Better supply of properties for sale brings balance to housing market; prices rise steadily
After an HST- influenced dip in sales in July, August saw a return to a more normal number of sales. Members of the Ottawa Real Estate Board sold 1,122 residential properties in August through the Board’s Multiple Listing Service® system compared with 1,211 in August 2009, a decrease of 7.3 per cent.
Of those sales, 266 were in the condominium property class, while 856 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.
“The number of sales year-to-date is slightly ahead of last year’s sales for the same period, and last year’s sales volume was the highest ever. This shows the stability of the Ottawa Real Estate Market. ” said Immediate Past President Rick Snell. “The market is in a balanced position in relation to the number of homes for sale and the demand for properties. This is a good market for both buyers and sellers. I expect to see a normal fall market with longer selling times and stable prices,” he added.
The average sale price of residential properties, including condominiums, sold in August in the Ottawa area was $321,969, an increase of 2.1 per cent over August 2009. The average sale price for a condominium-class property was $262,999, an increase of 16.8 per cent over August 2009. The average sale price of a residential-class property was $340,294, an increase of 0.1 per cent over August 2009. The Board cautions that average sale price information can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The average sale price is calculated based on the total dollar volume of all properties sold.