Dan Discusses the Effects of COVID-19 on Ottawa Real Estate
Ottawa Real Estate Sale Prices Continue Upward Trend in February 2020
The Ottawa Real Estate Board recently released the statistics for the sales within the board in February 2020. Here is an overview:
The number of homes sold in February 2020 (1,141) was 13.9% higher than February 2019 (1,002). The moving 5-year average for number of sales in February is 1,006.
How to Benefit from a Sellers Market in Ottawa Real Estate
This post just includes the actual Rogers TV video for the interview
Big Jump in Ottawa Real Estate Sale Prices in January 2020
The number of homes sold in January 2020 (780) were slightly less than January 2019 (817) — about 4.5% less. That being said, we were still slightly over the moving 5-year average of 713. See video and additional commentary and statistics below.
It’s getting colder, but Ottawa Real Estate is heating up!
In the video and blog below, Dan gives his perspective on current happenings in Ottawa Real Estate. There is still a historic low inventory of house listings. The few new listings are often sold over asking price with multiple offers.
Weather isn’t Cooling the Resale Market
Ottawa Real Estate Statistics for November 2019 – Members of the Ottawa Real Estate Board sold 1,288 residential properties in November through the Board’s Multiple Listing Service® System, compared with 1,161 in November 2018, an increase of 10.9 per cent. November’s sales included 958 in the residential-property class, up 10.5 per cent from a year ago, and 330 in the condominium-property category, an increase of 12.2 per cent from November 2018. The five-year average for November unit sales is 1,133.
Are you considering a move to or within Ottawa? Is an Ottawa Urban Neighbourhood being considered? Want to walk to work or school? Ottawa used to be a small city with a well defined core of urban neighbourhoods. Certainly Centretown, the Golden Triangle, the Glebe, Lowertown and Sandy Hill would have been considered “urban” for the last 60 to 100 plus years.
Ok, so you’re just about to close on your home purchase or sale, what do you do for the utilities? Does it just magically get setup for you? Maybe, or maybe not ;^)
Property tax bills should be moved to the new owner, generally done by the city or your lawyer on closing.
Here’s additional information: