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:
Emerging Trends in Real Estate 2015®
As we look forward to 2015, the Canadian real estate market appears poised for another steady year. Canada’s economy continues to deliver stable, modest growth, creating an ideal low-risk environment for real estate developers and investors.
Urbanization has become one of the key forces shaping Canada’s real estate markets. Once viewed as an emerging trend, urbanization today is simply the “new normal.” People are flooding into city cores to live close to both work and the lifestyle they crave.
Now, companies and retailers are following them, and this is driving new office and commercial developments in the core. In turn, urbanization is blurring industry lines, as commercial and residential developers explore the opportunities that mixed-use properties bring
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.
October 2014 continues with the market for the year, but with a few surprises…
There were 194 condos sold in October 2014 as compared to 211 condos in 2013. A decrease of 8.1% in number of condo units sold. Typical of the current market, with lots of choice and diversity for the buyer.
The average sale price of a condo was $290,224 in October 2014, as compared to an average sale price of $270,542 in 2013. An increase of 7.3% on the average sale price in this real estate sector.
A big jump in condo prices and value, with units still down from October last year.
There were 927 residential houses sold in October 2014 as compared to 828 in October 2013. An increase of 5.6% in the number of houses sold in the residential real estate market in Ottawa. Strong market sector continues with this trend.
The average sale price for October 2014 was $369,540 compared to an average sale price of $381,835 in 2013. A 3.2% price decrease. A change from the norm for what the year has currently presented.
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!