Welcome to ottawahomesandcondos.com
We believe an informed client is strategic to the buying or selling of a home on the real estate market here at Ottawa Homes and Condos. Please feel free to explore this site for any of our houses/condos for sale, or our rentals. You will find current market information as well as access to all real estate listings in the Ottawa region. Our Condo Info section updates you on sales of condos in major buildings in the city of Ottawa and their real estate locations. If you have questions regarding real estate housing; condo or residential sales, please contact us.
Keeping you INFORMED:
City of Ottawa faces biggest urban overhaul in a half century
Zibi, Icon, Lansdowne, Lebreton Flats, LRT, Waterridge Village, NAC, Rideau… Ottawa… What a place to live?
Canadian cities are no strangers to boneheaded urban planning decisions — the Gardiner Expressway blocking access to Toronto’s waterfront, Montreal’s crumbling Turcot interchange, space-sucking viaducts in Vancouver.
But imagine hiding a magnificent waterfall in your downtown core. Take a bow, Ottawa.
“I would think across the country that most people don’t even know what the Chaudiere Falls are,” said Ken Gray, publisher of the popular city blog The Bulldog.
The falls, where a whitewater tempest of the Ottawa River cascades over terraced rocks, has been dammed for hydroelectrity and is also blocked by dozens of empty buildings left over from the lumber and pulp and paper era.
“In its day, before they dammed it and did various things to it, it was an incredibly impressive waterfall, almost a cross between rapids and waterfall.”
Property Management and Rentals
We are also involved in residential property management in Ottawa. We deal directly with clients who want to list their property to rent, and also who need a property manager.
Summer Resales Sizzle in a Hot July
There were 277 sold in July 2016 as compared to 269 condos in 2015, for the same month. An increase of 3% in number of condo units sold! A great time to buy a condo?
The average sale price of a condo was $259,794 in July 2016, compared to an average sale price of $256,746 in 2015 for the same month. A 1.2% increase over the same time last year.
There were 1,214 residential houses sold in July 2016 as compared to 1,161 in July 2015. An increase of 4.6% in the number of houses sold in the resale market in Ottawa!
“Sales continue to outpace 2015 numbers both in monthly and year-to-date comparisons. However, we are seeing the typical summer slowdown in July compared to June’s record-breaking numbers.“.
The average sale price, of a residential home, for July 2016 was $398,608 compared to an average sale price of $394,420 in 2015 for the same month. A 1.1% increase. A steadiness that is typical for the Ottawa residential market.
The $300,000 – $400,000 price range continues to have the highest concentration of properties sold followed by the $200,000 to $300,000 range. REALTORS assisted in renting over 1800 properties since the beginning of the year.
Ottawa is one of the most stable real estate markets in Canada. Prices remain steady in Condos, residential units and multi-units, although volume is experiencing slight declines, particularly in condo sales. Re-visit Ottawa Homes and Condos for all the latest updates! We have some great listings on our featured listings page; New real estate listings on the market!
Given excellent mortgage rates and flat pricing, this is an excellent time to emerge onto the market. Looking for a home? Please contact us. We want to be your agents! 613-237-2567 or 613-298-5101.