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Essential Steps for Ottawa Homebuyers: Preparing for Your Mortgage Application
If you’re planning on taking the exciting step towards homeownership, congrats! While securing a mortgage is a pivotal part of this journey, and proper preparation can significantly increase your chances of success. Before you dive into the mortgage application process, it's essential to take some important steps to ensure you're well-prepared. Here’s everything you need...
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
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The Ultimate Guide: Top Things Home Sellers Should Do to Prepare for an Open House
An open house is a golden opportunity for home sellers to showcase their property to potential buyers. To make the most of this important event, thorough preparation is key. In this guide, we'll walk you through the top things home sellers should do to prepare for an open house to ensure it's a resounding success...
Ottawa Real Estate Market Snapshot January 2024
The December 2023 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
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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
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Understanding the Total Costs of Homeownership in 2024
Buying your first home is an exciting journey, but it's crucial to approach it with a clear understanding of the total costs of homeownership involved. As always, the real estate landscape presents unique challenges and opportunities for first-time homebuyers and if you’re planning on buying your first home in 2024, you’ll find that this year...
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,
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What to Do Now if You Want to Buy or Sell in the Spring
When the winter chill begins to thaw, the real estate market in Ottawa starts buzzing with activity. If you're considering buying or selling a home in the spring, now is the perfect time - before the winter chill really hits! - to lay the groundwork for a successful transaction. Here are three essential tips for...
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
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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
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Unlocking Opportunity: Buying Foreclosed Homes in Ottawa
In the quest for a new home or investment property in Ottawa, have you considered the hidden gems found in foreclosed homes? Ottawa, like many other cities, experiences its fair share of foreclosures. These properties offer unique opportunities, but they come with their own set of challenges. In this guide, we'll walk you through the...
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
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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
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Fixed Vs. Variable Mortgages – What you Need to Know
As you may have recently read, The Bank of Canada has decided to hold its lending rate at a 22-year high of 5%. But what does this mean for your mortgage? And should the current economic climate affect whether you consider a fixed mortgage, or a variable mortgage? First of all, for many with a...
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.
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