We are halfway through January, just beginning the New Year and the real estate market all over Ottawa is booming. We will see more and more houses come on the market as the spring nears but for right now it is definitely a seller's market. In Kanata specifically the average selling price has risen up [...]
Sale prices of homes, both condominium and residential, have been on a gradual incline for the past decade but this year in 2017 we saw a huge jump from $370,833 in 2016 to an average sale price of $393,797 in 2017 as we near the end of the year. That's an increase of 6.10%. More [...]
House prices continue to rise and properties continue to sell. Be sure to check out our blog from yesterday highlighting the hot market in the west end: https://www.evansteamottawa.com/advantages-of-lakeview-park-neighbourhood/
New rules coming into effect on January 1, 2018 will reduce purchasing power and refinancing capibilities. It is a highly anticipated move by the Office of the Superintendent of Financial Institutions. New qualifying rules will require all conventional mortgages to qualify at the greater of one of two things: A] a rate 2% higher than [...]
The market is still going strong and was busy throughout May. Here are your monthly stats for your Ottawa Real Estate Market. We look forward to a busy June! In the residential market 2300 units sold this May, up 15.1% from May 2016 with the average sale price being $436,625 up 7.4% from the sale [...]