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.
Cool Temperatures cool down the Real Estate Market for January – Your market update!
There were 129 condos sold in January 2016 as compared to 114 condos in 2015, for the same month. An increase of 13.2% in number of condo units sold. The overflow of condos on the market may be putting the price down, but units are clearly moving. Investors; DON’T miss out! Very similar increase last year.
The average sale price of a condo was $247,205 January 2016, compared to an average sale price of $250,406 in 2015 for the same month. A 1.3% decrease over the same time last year. Inventory goes up, price comes down. A good time to buy still?
There were 472 residential houses sold in January 2016 as compared to 512 in January 2015. A decrease of 7.8% in the number of houses sold in the residential real estate market in Ottawa.
“The market momentum gained from the warmer weather in the latter part of 2015 has eased off with the arrival of typical winter weather in January,” says President of the Ottawa Real Estate Board, Shane Silva. An interesting stat has pulled up the numbers here a bit. Interesting stuff: “A possible explanation for the increase in residential average sale price this month over last year is that the amount of properties sold over $1 million doubled that of last year, with six properties sold this month,” notes Silva.
The average sale price, of a residential home, for January 2016 was $386,839 compared to an average sale price of $369,700 in 2015 for the same month. A 4.6% increase. As mentioned above, 6 properties were sold for over a million dollars last month. Are you in the luxury 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. 22 properties were rented by REALTORS last month in Ottawa.
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 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