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:

Bank of Canada says next move likely an interest rate hike –

The Bank of Canada offered its strongest signal yet that it’s ready to raise interest rates as the economy gathers steam, in surprise comments that sent the Canadian dollar and bond yields soaring.

In a speech Monday, Senior Deputy Governor Carolyn Wilkins highlighted how the nation’s recovery is broadening across regions and sectors, giving policy makers “reason to be encouraged.” She downplayed worries about Toronto’s housing market and said policy makers need to keep their eye on the future evolution of growth, not only current economic conditions.

“As growth continues and, ideally, broadens further, Governing Council will be assessing whether all of the considerable monetary policy stimulus presently in place is still required,” Wilkins said in Winnipeg, Manitoba. “At present, there is significant monetary policy stimulus in the system.”

Wilkins said policy makers will be focusing on the data and talking to “many people” ahead of the next interest-rate decision on July 12.”

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.

For more information regarding this, contact Larry Balkwill or Conor Mangan at 613-237-2567, info@ottawahomesandcondos.com or by clicking here.

Market UPDATE:

– July 6th, 2017

Ottawa resale market proves strong in first half of 2017

There were 408 condominium properties sold in June 2017 as compared to 331 condos in 2016, for the same month. A big increase of 23.3% in number of condo units sold! The continuing trend from last month…

The average sale price of a condo was $289,905 in June 2017, compared to an average sale price of $264,913 in 2016 for the same month.  A 9.4% increase over the same time last year.  This is an important, steady increase from last month’s numbers. The Ottawa condo market is alive and kicking folks, and its consistency is very evident.

There were 1,754 residential homes sold in June 2017 as compared to 1,654 in June 2016. A 6% move in the number of houses sold in the resale market in Ottawa.

We’re having a stellar year so far in 2017. Year-to-date sales numbers for the first half of the year are up in both the residential and condo property classes, combined coming in at a 13.5 percent increase over the same time period in 2016

The average sale price, of a residential home, for June 2017 was $434,502 compared to an average sale price of $399,532 in 2016 for the same month.  A 8.8% 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 1,496 properties since the beginning of 2017.

-Conor

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 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.