“It has been a pleasure working with Dan through the process of selling my townhouse in the Ottawa west end. He marketed my house very actively and efficiently and I feel I was able to sell at a good price. Dan always communicated proactively with me albeit a six-hour time difference – I live in Europe now. In particular I appreciated his valuable advice during the negotiation phase when we evaluated incoming offers and decided on our next steps. If you are in the maarket for a good agent – look no further!”
Why Home Inspections Matter When Buying a Home in Ottawa
Buying a house in Ottawa is an exciting milestone, but it can also feel overwhelming. Home inspections are crucial for uncovering potential issues that could lead to costly surprises. A knowledgeable realtor can recommend trusted inspectors and guide you through the inspection process, ensuring you understand any areas that need attention.
Their expertise not only helps you navigate inspections but also empowers you to make informed decisions throughout your home-buying journey, giving you confidence in your investment. Here are critical issues to evaluate when assessing a property, along with important neighborhood factors.
Ottawa’s MLS® Market Making Headway
The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totaled 1,059 units in November 2024 — a slight dip down from the 1,179 units sold the month previous.
The Canada Mortgage and Housing Corporation (CMHC) mortgage loan insurance program is a government-backed initiative that allows homebuyers to purchase properties with less than a 20 per cent down payment.
Initially designed to help Canadians without significant savings enter the housing market, CMHC insurance has since become the single greatest catalyst of real estate demand in the federal government’s arsenal.
The recent announcement of expanded 30-year amortization and an increased insured mortgage cap in Ottawa has stirred considerable discussion in the real estate market. Set to take effect on December 15, 2024, these changes promise to reshape the landscape for potential homebuyers. Let’s examine the potential impacts of these new mortgage rules.
Consumer Confidence Cautiously on the Rise in Ottawa Resale Market
The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totaled 1,179 units in October 2024 — an increase over the 1,047 units sold last month.
Ottawa’s MLS® Home Sales Healthy Amid a Shifting Market
The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totaled 1,047 units in September 2024. This was an 11.4% increase from September 2023.