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.
March Resale Market Springs Into Action
There were 221 condos sold in March 2016 as compared to 227 condos in 2015, for the same month. A decrease of 2.6% in number of condo units sold.
The average sale price of a condo was $258,714 in March 2016, compared to an average sale price of $252,655 in 2015 for the same month. A 2.4% increase over the same time last year.
There were 945 residential houses sold in March 2016 as compared to 973 in March 2015. A decrease of 2.9% in the number of houses sold in the residential real estate market in Ottawa.
“Although there is a slight dip in units sold compared to last year, average price remains steady keeping the Ottawa resale marker healthy and strong. Canada’s capital continues to be a great place to buy and sell real estate.” says President of the Ottawa Real Estate Board, Shane Silva.
The average sale price, of a residential home, for March 2016 was $394,951 compared to an average sale price of $387,284 in 2015 for the same month. A 2.0% increase. A steady increase that is typical for the Ottawa residential 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. REALTORS assisted in renting 695 properties since the beginning of the year.
-Ottawa Homes & Condos
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