Welcome to the Balkwill/Grégoire Real Estate Group
An informed client is strategic to the buy or sale of their home. Please feel free to explore Ottawahomesandcondos.com. You will find our exclusive listings, all MLS listings, and current market information. Our Condo Info section keeps you informed on sales and listings in major condo buildings in Ottawa. We offer staged home presentation, like you have never see before. We can transform your home to it’s maximum potential and get you a higher sale price. Doesn’t that sound like a “win-win” situation? Have a look! Staging Unparalleled. If you have questions regarding real estate, please contact us.
Keeping you INFORMED:
The Bank of Canada’s anxiety over Trump and trade point to a pause for rates
Bank of Canada Deputy Governor Timothy Lane just provided a bevy of reasons why the central bank likely will take a break from raising interest rates, including a stronger currency and uncertainty over whether the North American Free Trade Agreement will survive the reign of Donald Trump.
Lane’s speech in Saskatoon on Sept. 18 was the first by a Bank of Canada leader since the central bank raised interest rates earlier this month. (Senior Deputy Governor Carolyn Wilkins spoke at an event in Ottawa last week, but steered clear of direct commentary on the economy.)
His remarks can’t be considered a roadmap for the future path of interest rates; he made a point of stating that every policy meeting is “live,” meaning the latest data could alter assumptions.
Continue to the article READ ON!
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. Very competitive rates available.
– December 5th, 2017
November Blues? Not in the real estate market…
There were 294 condominium properties sold in November 2017 as compared to 230 condos in 2016, for the same month. An immense increase of 27.8% in number of condo units sold!
The average sale price of a condo was $257,212 in November 2017, compared to an average sale price of $278,258 in 2016 for the same month. A 7.6% decrease over the same time last year. The Ottawa condo market is alive and kicking folks!
There were 945 residential homes sold in November 2017 as compared to 762 in November 2016. A 24.0% jump in the number of houses sold in the resale market in Ottawa. A big jump when compared to previous months.
November numbers are upholding the robust year we have been experiencing in the real estate market in 2017. Both residential sales and condo sales continue to steadily increase.
The average sale price, of a residential home, for November 2017 was $418,354 compared to an average sale price of $405,427 in 2016 for the same month. A slight 3.2% increase since this time last year.
The $300,000 – $400,000, and the $400,001 – $499,999 price range continues to have the highest concentration of properties sold, even though properties above the half million dollar mark are seeing significant increases, followed by the $150,000 – $299,999 range in condominiums. REALTORS assisted in renting roughly 2,821 properties since the beginning of 2017.
Ottawa is one of the most stable real estate markets in Canada. Prices remain steady in condos, residential units and multi-units, across the board. Re-visit OttawaHomesandCondos.com 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 optimum 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.