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Ottawa Real Estate – Seller’s Market In February

March 12th, 2010 · Ottawa Real Estate, Real Estate Ottawa

With an increase in sales of 42% over February 2009, February 2010 was definitely a seller’s market in the Ottawa area.

“EMC Business – Members of the Ottawa Real Estate Board sold 1,118 residential properties in February 2010 through the Board’s Multiple Listing Service® system compared with 787 in February 2009. That’s an increase of 42.1 per cent.

323 of those sales 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.

Last month’s sales were near the top of the usual range for this time of year, as opposed to February of 2009, which was the last month of the brief slowdown we saw in Ottawa’s resale housing market, due to uncertain global economic conditions. The following month, March 2009, saw the Ottawa resale housing market begin to recover and become more active again.

So far in 2010, OREB Members have sold 1,838 properties, putting us well ahead of the 1,316 properties sold in the first two months of 2009. Again, that large gap is due to the unusually slow start to 2009.

In Ottawa, the inventory of homes listed for sale remains lower than in past years, and the homes that are listed are selling quickly. Those factors are keeping Ottawa in a seller’s market for the moment. A seller’s market is defined as a time when more than 50 per cent of the homes listed for sale are sold during the measuring period.”

Full story

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Ottawa Homes For Sale – Latest Developments

October 30th, 2009 · Ottawa Real Estate

Real Estate in Ottawa is moving right along. There is no shortage of new home developments. The following is a list of some of the latest new homes for sale developments in the Ottawa area.

  • Manotick Village – Maple Creek Estates
  • Stittsville – Traditions
  • Orleans – Bradley Estates
  • Rockland – Morris Village
  • Riverside South – Creekside
  • The Glebe – Second Avenue West
  • Orleans – Eastboro
  • Stittsville – Jackson Trails
  • Kanata – Soho West
  • Kanata – Kizell Pond
  • Aylmer – Eardley Village
  • Carleton Place – Stonewater Bay
  • Orleans – Sandpiper Cove
  • Carp – Westlake South Estates
  • Wellington Village – St. George’s Yard
  • Overbrook – River Court Lofts
  • Barrhaven – Half Moon Bay
  • Kanata – Fairwinds
  • Kanata – Brookside
  • Hunt Club – Solera
  • Carp – Hidden Lake Estates

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Ottawa Real Estate

August 26th, 2009 · Ottawa Real Estate, Real Estate Ottawa

Ottawa has an incredibly fast-growing real estate market. It doesn’t matter if you are looking for a residential property or a commercial property, or if you are seeking out a condominium or a Cape Cod home, you can definitely find what you need in one of the more than 50 diverse and unique neighborhoods. And what’s more, Ottawa real estate is a sound investment. This is because the city of Ottawa is continually growing and developing. In Ottawa, there is something for everyone.

Many people may not know this, but Ottawa was actually ranked sixth in the world for quality of life by the Corporate Resources Group (a Swiss management firm). There are many reasons for this, however—all of which support the idea of investing in Ottawa real estate. Here are just a few of the substantiations for that claim:

* Many government organizations make their home in Ottawa, including Parliament, the Government of Canada, the Senate, and the Supreme Court of Canada.

* Families in Ottawa enjoy the highest median incomes of any Canadian city, according to Statistics Canada.

* Ottawa is open and inviting to all cultures from around the world. In fact, although the main languages spoken are English (50% of the population) and French (32% of the population), thousands of residents are fluent, or nearly so, in many other languages. These include Spanish, Italian, Portuguese, Chinese, and Arabic, among others.

* Ottawa has the highest-educated workforce in Canada—there are more engineers, scientists, and PhD’s in this city than in any other Canadian city.

Because of all of this, much of Ottawa real estate is highly desirable. But, that doesn’t mean that it is all highly priced. Just like any other city, housing or commercial property prices depend upon exact the location and features of the property.

The housing market in Ottawa has been growing by leaps and bounds as more people flock to the capital city. There are many options for real estate purchases both right within the heart of the city and within a short walking distance. These urban housing choices range from high-rise apartments and condominiums to small stone houses to sizable Colonial homes—and more. If you want to live in the midst of all of the hustle and bustle of downtown Ottawa, there are plenty of options for you. All of these Ottawa real estate choices can be found through visiting your real estate agent.

Surprisingly, though, over 90% of Ottawa’s area is mostly rural—and this is where most people enjoy living. There are quaint and unique neighborhoods that border the downtown area that are populated with bungalows and cottages, each of which has its own character and charm.

Or, if you are seeking a larger and more rustic piece of Ottawa real estate, you can look beyond these neighborhoods to the areas of farmlands and fields. Best of all, none of these areas are far from the city—even small village neighborhoods are only about 20 minutes away from downtown Ottawa.

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Ottawa Real Estate Sales Strong in May

June 30th, 2009 · Ottawa Real Estate, Real Estate Ottawa

Real Estate Ottawa

Real Estate Ottawa

Ottawa realtors reported the “best May on record” for sales of existing homes, despite a drop in the condominium market, according to data released Wednesday by the Ottawa Real Estate Board.

Total sales rose 3.9 per cent year-over-year to 1,969 units, solely on the strength of the freehold segment, which saw a 6.2-per-cent increase to 1,621 units.

“Homes in every price range are selling well, from started homes to luxury properties. Homebuyers and sellers are showing a lot of confidence in the Ottawa real estate market,” said board president Rick Snell in a statement.

Sales of two-storey homes played a particularly big role in the May increase, with the segment recording an 11-per-cent jump to 979 units.

Please check out the full story at the Ottawa Business Journal

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Real Estate Ottawa Site

June 26th, 2009 · Ottawa Real Estate, Real Estate Ottawa

Please visit Real Estate Ottawa Homes again for up to date tips and information on Ottawa real estate. Thanks.

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