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Members of the Ottawa Real Estate Board sold 1,573 residential properties in April through the Board’s Multiple Listing Service® system, compared with 1,568 in April 2012, an increase of 0.3 per cent.

“The Ottawa market is doing well, and gaining ground back since the “cool-down” of the market for the past five months,” says Tim Lee, President of the Ottawa Real Estate Board. “We are on par with the strong sales of last April, and the resale market is up 34.9 per cent since last month. With the late onset of warmer weather, the traditional “spring market” saw its upswing a little later this year. With interest rates continuing to be low, Ottawa remains a healthy, stable market.”

April’s sales included 302 in...

Has everyone been waiting for the arrival of spring?  It seems so, as members of the Ottawa Real Estate Board sold 15.9% fewer properties in March 2013 (1,167 residential properties), compared with March 2012 (1,388) on the MLS® system.  March's sales included 253 in the condominium property class, and 914 in the residential property class.

"The Ottawa market has been described as steady and stable for the past few years. It's not going up drastically, and it's not going down drastically," says Tim Lee, President of the Ottawa Real Estate Board. "The market was forecasted to slow down in 2013 as a result of recent mortgage changes, and indeed it has."

The average sale price of residential properties, including condominiums, sold in March in the Ottawa area was $358,102,...

The Canada Mortgage and Housing Corporation (CMHC) released this year’s first Ontario housing market outlook for the first quarter of 2013, focusing on resale activities, resale prices, housing starts and future forecasts.  The highlights of the report include:

• Ontario home sales are expected to stabilize after a peak in the second quarter of 2012 and before recovering by second half of 2013 and into 2014.
• Softer price growth combined with an improving job market will support housing demand by 2014.
• Modest job growth and tighter mortgage regulations will somewhat inhibit a demand among first time buyers.
• Stronger housing price growth is expected by 2014 as job market and income improve.
• Ontario starts will slow down to 60,800 units this year in comparison to over 76,742 unit starts in 2012....

Members of the Ottawa Real Estate Board sold 602 residential properties in January through the Board's Multiple Listing Service® system, compared with 682 in January 2012, a decrease of 11.7 per cent.

"The Ottawa resale market, which started to flatten out in November and December - potentially as a result of the governments' aim to "cool down" the market - maintained its steadiness into January," says Tim Lee, President of the Ottawa Real Estate Board. "January 2013 isn't too far off from the numbers we've seen in recent years, and although the units sold are a tad lower, Ottawa remains a healthy market."

An economic summary of expansion in Ottawa by Shore-Tanner and Associates indicated that the rates of growth in residents over the age of 55, and particularly in the formation of single and...

I have 3 pairs of tickets to this weekend’s 12th Annual Home Renovations Show, at the Ernst & Young Centre in Ottawa to give away.

How do you win a pair? Simple, just click here to visit our Facebook Page and comment on which room in your house you’d like to renovate.

Here’s how it works:

1) Like us on Facebook

2) Submit your comment / answer anytime today, January 17th.

3) The 3 winners will be announced on Facebook Page tomorrow, January 18th at 9am, so check back to see if you won.  If there are more than 3 responses a randam draw will be held to determine the winners.

4) Once winners are announced, they will be able to pick up their tickets at the location below during office hours starting at 12 noon on Friday, January 18th....

Everyone wants to know what the new year will bring for real estate.  If only I had the proverbial crystal ball.

According to CMHC’s Fall Forecast, Ottawa may see a 2.1% decline in the number of sales in 2013 but a .08% increase in average price.  I also see volume dropping 2 - 3%, and with mortgage rates predicted to remain stable, I anticipate price increases under the rate of inflation.

Ottawa's a great place to call home & 2013 remains a good time to make a move!

Best wishes for a fantastic year!

Members of the Ottawa Real Estate Board sold 618 residential properties in December through the Board's Multiple Listing Service® system, compared with 695 in December 2011, a decrease of 11.1%, while the five-year average for December sales stands at 617.

Over the year 14,308 homes were sold through the Board's MLS® system in 2012, a minor decrease from the 14,389 homes sold in 2011. However the number of resale homes sold was slightly above the five-year average of 14,274. The average sale price for 2012 was $351,792, an increase of 2.3% over 2011.

"Looking back at the 2012 market, home sales in the first part of the year increased in comparison to the first half of 2011," said new President of the Ottawa Real Estate Board, Tim Lee. "However, with the introduction of tighter...

Along with the arrival of snow flurries, the Ottawa real estate market has started to "cool down". While average sale prices increased, the number of units sold decreased on a year over year basis. Members of the Ottawa Real Estate Board sold 931 properties in November through the Board's Multiple Listing Service® system, compared with 1,023 in November 2011, a decrease of nine per cent. It is important to note that the five-year sales average for November is 890 so volume is still healthy, but down from last years record.

"Last year was the best November on record for resale home sales in Ottawa, while this November the sales have come back down to normal levels," says Ansel Clarke, President of the Ottawa Real Estate Board. "Sales for the first eleven months of the year are at 13,692."...

November is upon us and with it comes another exciting Movember campaign!

I'm taking part in my 1st Movember to raise funds for Prostate Cancer Canada in honour of my Dad, now 81 years young and living with bone cancer; the result of prostate cancer, diagnosed at age 63.  His strength, sense of humour, and positive attitude are an inspiration and highlight the importance of Movember for me.

I would be honoured to have other Mo Bros and Sistas in Ottawa join the MORE MO's team, grow some super MO's and help raise funds to fight prostate cancer and fund other men's health initiatives.  Remember, Mo Sista's are welcome to sign up and fundraise as well (no  required).  I plan to grow a “horseshoe” moustache … what style will you grow?

The ghouls and goblins of Halloween left behind an October treat with a slight increase in units sold, along with an increase in the average sale price. Members of the local Ottawa Real Estate Board sold 1,073 properties through the Board's MLS® system in October 2012, compared with 1,059 over the same month in 2011, a 1.3% increase. Ottawa’s five-year average sales figure for October is 1,067.  This month’s figure is comprised of 237 condos, and 836 residential properties.

"Compared to the five-year average, Ottawa is right on track, indicating that we are not experiencing a real estate downturn in Ottawa, but a slow, steady incline in units sold and average sale price," notes Ansel Clarke, President of the Ottawa Real Estate Board. "Ottawa continues to be a great place...

Is Ottawa's real estate market falling like the leaves?  

Well, new mortgage rules and continuing uncertainty about job losses in the public service may have contributed to recent decreases in the number of sales through the MLS® System of the Ottawa Real Estate Board. Members sold 993 units in September 2012, down from a near record high of 1,201 in September 2011 for a 17% decrease year over year.

However it is of value to note that we are on track this year to match historical levels of activity. Since 1999 the number of sales through the MLS® System in Ottawa has ranged from a low of 11,329 to a high of 14,783. Sales for the first nine months of the year are just under 11,700.  The average price of properties sold for the month was $351,585, up 1.3% from $347,236...

I am excited to announce the launch of my new brand & website this September, focused on helping you with your Ottawa Real Estate needs, home ownership, as well as providing information on our community and many great neighbourhoods.  I welcome you to explore the site and its evolving features.

You’ll notice the website’s name “moreOttawaHomes.com” incorporates the word more … also part of my last name.  That one simple word "more" drives everything I do.  For my clients I am driven to provide more service, more marketing, more technology & negotiating power, all in order for you to dream, succeed and achieve more living!  It describes a philosophy and mission for both my journey in real estate, and in my life, with the...

August sales took a mini-vacation compared to last year.  1,141 residential properties sold on the Ottawa Real Estate Board’s MLS® system, compared with 1,328 the prior year, representing a 14.1% decrease in activity. However, when comparing 2012’s August sales with the five year average of 1,193; this year’s sales decline is much less conspicuous.

The 1,141 sales in August were comprised of 248 condominiums and 893 residential properties. The condo class includes any property class (detached, semi, apartment, stacked, etc.) registered as a condominium, as well as any co-operatives, timeshares, and life leases.  The residential class includes all other residential properties.

Ansel Clarke, President of the Ottawa Real Estate Board observed...

Members of the Ottawa Real Estate Board sold 1,366 residential properties in July through the Board's Multiple Listing Service® system, compared with 1,321 in July 2011, an increase of 3.4 per cent. The five-year average for July sales is 1,360.

July's sales included 304 in the condominium property class, and 1,062 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.

"The number of residential properties sold has slightly increased compared to July of 2011, while the average price has slightly...