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:

Ontario increases tax refund for first-time home buyers – Increased from $2,000 to $4,000

Ontario will refund first-time home buyers up to $4,000 from the land-transfer tax, a small step to ease the pain of the exploding Toronto housing market.

The pocketbook measure may buy the governing Liberals some goodwill among younger middle-class voters, but observers dismissed it as a marginal move that will not really make it easier to break into the market. The refund takes effect Jan. 1, 2017.

“Purchasing your very first home is one of the most exciting decisions in a young person’s life…”

Finance Minister Charles Sousa told the legislature in Monday’s fall economic statement. “But many are worried about how they will be able to afford their first condo or house.”

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:

– May 11th, 2017

The spring market is upon us, and OH BOY is it blossoming!

There were 312 condominium properties sold in April 2017 as compared to 264 condos in 2016, for the same month. A big increase of 18.2% in number of condo units sold! The continuing trend from last month…

The average sale price of a condo was $268,553 in April 2017, compared to an average sale price of $261,617 in 2016 for the same month.  A 2.9% 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 1,483 residential homes sold in April 2017 as compared to 1,447 in April 2016. A 2.5% move in the number of houses sold in the resale market in Ottawa.

We are seeing a trend in the number of high-end properties sold… There has been 83 properties sold over the 1 Million dollar mark, since the beginning of the year, compared to only 38 properties sold covering the same period last year. 

The average sale price, of a residential home, for April 2017 was $435,883 compared to an average sale price of $404,093 in 2016 for the same month.  A 7.9%… The boat is sailing even higher than last month’s 5.3% increase.

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 865 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.