REAL ESTATE NEWS

Ottawa Real Estate Market Snapshot November 2024

The November 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: Sales of homes in Ottawa saw an 11.8% increase in November 2023 yet still 3.1% below the five-year average. Despite the natural slowdown typical of the season as the holidays approach, some buyers are holding off, hoping for further interest rate reductions...

How to Boost Your Credit Score for Home Buying in Ottawa

Improving your credit score is one of the most effective ways to enhance your mortgage eligibility and secure favorable loan terms. Your credit score plays a crucial rule when it comes to securing a mortgage. Understanding how to boost your credit score for home buying in Ottawa can make the difference between an affordable mortgage...

Closing Costs: What to Expect and How to Budget for Your Home Purchase

Buying a home is a significant financial step, and well budgeting for a down payment is crucial, closing costs are an often-overlooked expense. In Ottawa, these costs can range from 3% to 5% of the home’s purchase price. Understanding and preparing for them ensures a smoother closing process and prevents unexpected surprises. Breakdown of...

Ottawa Real Estate Market Snapshot October 2024

The October 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: Ottawa’s housing market saw both home sales and average sale prices increase in October, signaling a recovery in the market. The boost in activity comes as consumers gain confidence, partly driven by the recent rate cut, which is helping to stimulate demand and...

Grants and Incentives for First-Time Home Buyers in Ottawa

Becoming a homeowner for the first time can be a rewarding, yet financially challenging process. Luckily, first-time buyers in Ottawa have access to several grants and incentives designed to ease the cost burden. Here’s a breakdown of these programs: 1. First-Time Home Buyer Incentive ( FTHBI) The First-Time Home Buyer Incentive offers a shared...

Discover the Top Neighbourhoods in Ottawa

Ottawa, known for the vibrant mix of culture, history, and natural beauty, offers a range of neighbourhoods that cater to different lifestyles. Whether you’re a first-time buyer, a growing family, or a luxury home enthusiast, there’s a perfect spot for you in the capital city. Here’s a closer look at some of Ottawa’s most desirable...

Ottawa Real Estate Market Snapshot September 2024

The September 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: Home sales in Ottawa have risen by 11.4% compared to September 2023, indicating a positive shift in market activity. As we move into the fall, the outlook remains promising. Ottawa continues to face supply challenges, and news of potential future interest rate cuts...

Ottawa Real Estate Market Snapshot August 2024

The August 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: Home sales in Ottawa showed a 10.2% increase over August 2023. With the Bank of Canada’s third consecutive interest rate drop, we’re excited to see even more momentum in the fall market. If you’re considering a move, we’re here to help answer...

How to determine your home’s value of the current market

How to determine your home’s value of the current market When thinking about selling your house or just wanting to determine your home value in the current market, estimating its value is a crucial first step. Ottawa home price estimators are a good place to start, but knowing the local real estate market is essential...

Key considerations when buying a waterfront property

Key considerations when buying a waterfront property Purchasing a waterfront cottage is an exciting journey but making the right decision requires careful thought whether you’re eyeing an Ontario waterfront cottage for sale or browsing through listings of cottages for sale in Ontario, it’s important to consider several factors to ensure investment is sound. Here are...

Ottawa Real Estate Market Snapshot July 2024

The July 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: As of July 2024, the number of units sold year-to-date increased 5.5% compared to the same period in 2023. While summer traditionally sees a slowdown in the resale market, the activity in July is promising and may indicate potential gains ahead. If...

Ottawa Real Estate Market Snapshot June 2024

The June 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: In June compared to the same period last year, Ottawa’s residential resale inventory grew by 4.7%, providing buyers with a broader selection and alleviating pressure. “Now is the time for sellers to ensure their property is at its best and priced appropriately...

Ottawa Real Estate Market Snapshot May 2024

The May 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: The surge in new listings compared to May 2023 was paralleled by a notable uptick in property sales. With May maintaining a consistent pace, anticipation mounts as we eagerly await the impact of the Bank of Canada’s interest rate reduction on June’s...

Ottawa Real Estate Market Snapshot April 2024

The April 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: The spring real estate market in Ottawa is starting to mirror its pre-pandemic vigor. With the arrival of delightful weather, we’ve seen a boost in new listings while buyers are emerging and becoming more active. If you’re considering a move, we’re here...

Ottawa Real Estate Market Snapshot April 2024

Ottawa Real Estate Market Snapshot March 2024

The March 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: The Ottawa housing market has seen a positive start to the year, with an uptick in activity persisting as we enter the spring market. With an anticipated drop in interest rates expected this year, buyers and sellers are regaining confidence and are...

Ottawa Real Estate Market Snapshot February 2024

The February 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: Buyers and sellers alike were making moves in February as the number of properties sold in Ottawa increased 15% over the same month last year. Early spring weather has increased activity even while many remain on the sidelines awaiting interest rates to...

Ottawa Real Estate Market Snapshot January 2024

The January 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: Warm temperatures have boosted buyer interest in the Ottawa resale market. There was a 16.5% increase in properties sold in January 2024 over January of 2023. Keep an eye on market trends as the weather continues to influence conditions. If you’re considering...

Ottawa Real Estate Market Snapshot December 2023

The December 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: The resale market had a steady close in Ottawa as we saw the number of properties sold decline. This is a typical close for December. As we see consumer confidence return we are looking for a strong year ahead. If you’re considering a...

Ottawa Real Estate Market Snapshot November 2023

The November 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: We’re starting to see an increase in inventory, bringing more choice back to the market. While inventory increases, the cold weather that has blown in has slowed the pace of sales which is expected for this time of year. If you’re considering a move...

Negotiation in Real Estate

The negotiation stage is a pivotal point in any real estate transaction, as it plays a significant role in determining the outcome of the deal. No matter if you’re buying or selling a property — understanding the nuances of real estate negotiation is crucial for securing the best terms, prices, and conditions. In this comprehensive...

Ottawa Real Estate Market Snapshot October 2023

The October 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: Sales and prices on resale properties in Ottawa may have slowed down however, this is a typical trend for October. “While Ottawa’s inventory is slowly building, chronic supply issues mean there’s always an undercurrent of demand. Don’t let the lull fool you: now is...

The Seasons and the Ottawa Real Estate Market

The Seasons and the Ottawa Real Estate Market Like the changing seasons, the real estate landscape experiences shifts and transitions, each holding a unique influence on buying and selling patterns. Seasonality is more than just a climatic phenomenon — it’s a critical factor that both buyers and sellers will need to consider in order...

Ottawa Real Estate Market Snapshot September 2023

The September 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: The Ottawa real estate market has now reached a balance, meaning buyer demand is equal to the supply from sellers. It has been some time since Ottawa last saw a balanced market, making it even more crucial for buyers and sellers alike to consult...

Ottawa Real Estate Market Snapshot August 2023

The August 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: There was a slight increase in the number of properties sold in Ottawa’s resale market for August over the same time last year. Demand continues in Canada’s capital as we see an increase in immigration and a new cohort entering the housing market...

CONTACT US

Get In Touch

Luigi Aiello

Sales representative

Kim Aiello

Sales representative

613-277-1927

luigi@laottawa.com

Royal LePage Team Realty

384 Richmond Road

Ottawa, Ontario

K2A 0E8

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