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:

– February 13th, 2017

Positive start to 2017 in Ottawa!

There were 119 sold in January 2017 as compared to 128 condos in 2016, for the same month. A decrease of 7% in number of condo units sold.

The average sale price of a condo was $288,655 in January 2017, compared to an average sale price of $247,105 in 2016 for the same month.  A 16.8% increase over the same time last year. Although units have decreased in sales from the same time last year, this is quite a large jump in price. The next few months will be very interesting for the Ottawa condo market.

There were 548 residential houses sold in January 2017 as compared to 470 in January 2016. A 16.6% move in the number of houses sold in the resale market in Ottawa!

The 2017 Market is here – And spring is right around the corner!”

The average sale price, of a residential home, for January 2017 was $394,001 compared to an average sale price of $386,782 in 2016 for the same month.  A 1.9%… Steady as she goes.

The $300,000 – $400,000 price range continues to have the highest concentration of properties sold followed by the $150,000 – $299,999 range in condominiums. REALTORS assisted in renting roughly 201 properties in January 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.