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Friday, January 20, 2012

What’s in store for Ottawa Real Estate in 2012?

 

Ottawa Real Estate Forcast2011 was a year of big change for me personally, and as I look ahead into 2012 change seems to be another recurring theme (or is it?).  The world we live in today moves much faster than in the past and life in Ottawa is no exception.  2012 will see Ottawa move forward with two more city building projects right on the heels of the successful Ottawa Convention Centre.  They are the redevelopment of Lansdowne Park and continued progress on our light rail project, one of the biggest capital infrastructure investments in Ottawa’s history since the building of the Rideau canal.  With all this positive change taking place here in Ottawa I wanted to share my thoughts on what I believe is in store for the Ottawa Real estate market and some of its’ biggest influences:...

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Friday, January 6, 2012

2011 - A Typical Year for Home Sales in Ottawa

Members of the Ottawa Real Estate Board sold 699 residential properties in December through the Board's Multiple Listing Service® system compared with 618 in December 2010, an increase of 13.1 per cent. The five-year average for December sales is 611. The total number of homes sold through the Board's MLS® system in 2011 was 14,412, an increase of 1.7 per cent over 2010. The average price for 2011 was $343,701, an increase of 5.2 per cent over 2010.


Of December's sales, 177 were in the condominium property class, while 522 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...

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