Betty Hillier – Homes in Ottawa

Members of the Ottawa Real Estate Board sold 675 residential properties in January through the Board’s Multiple Listing Service® system compared with 719 in January 2010, a decrease of 6.1 per cent.
 
The Ottawa Real Estate Board President stated that “These are normal sales numbers for January in Ottawa – the average number of sales for the previous five Januaries was 662, so we’re even a little ahead of that, and prices continued to rise incrementally. Winter is usually a quieter time of y… Continue Reading January Resale Results

By JULIAN BELTRAME, THE CANADIAN PRESS

http://www.ottawasun.com/money/2010/04/26/13723991.html

OTTAWA — The Bank of Canada may be concerned about the level of debt homeowners are assuming, but consumers who have recently taken out or renewed their mortgage are not.

A new online survey of Canadians active in the mortgage market, including first-time buyers, shows the vast majority are not only comfor… Continue Reading Home buyers not worried about higher rates: CMHC

Impending mortgage rate hike driving sales

By DOUG HEMPSTEAD, OTTAWA SUN

It’s not just the weather that’s hot this spring, the housing market is way ahead of where it normally is this time of year.

Agents who are members of the Ottawa Real Estate Board sold 1,499 residential properties in March, compared to 1,161 in March 2009. That’s a 29.1% increase.

“The spring market kicked off ea… Continue Reading Ottawa’s hot housing market continues

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The worst recession since the Great Depression had a serious impact on housing performance during the first quarter, with home sales down 27 per cent nationally, compared to 2008 figures. Consumers adjusted to new market realities—including buyer’s market conditions—as the supply of homes available for sale rose… Continue Reading Housing Market Outlook 2010