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Help for the First-Time Buyer a Seller’s Market

First time home buyers have had a particularly hard time buying homes in the last two years due to the strong seller’s market. It can be more difficult for sure, but don’t give up!

Considering different housing options and locations, being prepared (bank/mortgage) and being decisive will help you be successful. I believe that even though we continue to be in a seller’s market, there are now more opportunities for buyers.

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Ottawa Real Estate Stats for May 2021

Residential Resale Market: A Tale of Two May Lockdowns

OTTAWA, June 3, 2021 – Members of the Ottawa Real Estate Board sold 2,296 residential properties in May through the Board’s Multiple Listing Service® System, compared with 1,342 in May 2020, an increase of 71 per cent. May’s sales included 1,779 in the residential-property class, up 67 per cent from a year ago, and 517 in the condominium-property category, an increase of 85 per cent from May 2020. The five-year average for total unit sales in May is 2,123.

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T&P West’s Testimonial

Finding the right realtor to sell our house was not a simple task. Only after lengthy research did we settle on Dan Moloughney. Dan’s professional, businesslike, yet imaginative approach to the task was exactly what we were looking for. We engaged him and were not disappointed. From the initial paperwork involved, to the preparation of the house, to the ultimate sale, all decisions were made in a collaborative way. Every evening during the seven-day showing period we received an update on that day’s activity and bookings for the following day. Should we ever have need for a realtor again, we would have no hesitation in signing on with Ottawa Urban Realty. We highly recommend Dan Moloughney.

Terry and Peggy West