Welcome to the Balkwill/Grégoire Real Estate Group
An informed client is strategic to the buy or sale of their home. Please feel free to explore Ottawahomesandcondos.com. You will find our exclusive listings, all MLS listings, and current market information. We offer staged home presentation, like you have never see before. We can transform your home to it’s maximum potential and get you a higher sale price. Doesn’t that sound like a “win-win” situation? Have a look! Staging Unparalleled. If you have questions regarding real estate, please contact us.
Keeping you INFORMED:
People love Canada which could mean higher interest rates
Last year, a record 380,000 people moved to Canada, outpacing the federal government’s immigration target of 300,000 per year set in 2016. But the positives of younger people joining the Canadian workforce as an aging population retires, are dampened by the rising demand for housing and the resulting upward pressure on home prices.
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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.
Summer Ends, Active Real Estate Market Continues…
There were 398 condominium properties sold in August 2018 as compared to 359 condos in 2017, for the same month. A solid increase of 10.9% in number of condo units sold!
The average sale price of a condo was $276,720 in August 2018, compared to an average sale price of $270,768 in 2017 for the same month. A 2.2% increase over the same time last year. The Ottawa condo market is alive and kicking folks!
There were 1,188 residential homes sold in August 2018 as compared to 1,176 in August 2017. A 1.0% increase in the number of houses sold in the resale market in Ottawa.
Our real estate market has had a busier than usual summer season, and we are shaping up for a busy fall period as well. An active market is likely to be the new normal for the foreseeable future.
The average sale price, of a residential home, for August 2018 was $433,684 compared to an average sale price of $420,485 in 2017 for the same month. A 3.1% increase since this time last year.
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 1890 properties since the beginning of 2018.
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 OttawaHomesandCondos.com 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 optimum time to emerge onto the market. Looking for a home? Please contact us. We want to be your agents! (613) 298-5101.