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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.
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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
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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
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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
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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
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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 the Top Neighbourhoods in Ottawa,
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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
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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
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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
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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
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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
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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
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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
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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
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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
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