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Newsletter

Condo sales lead way to best October on record

Posted on November 8, 2016 by Robert Daley in Newsletter

The Ottawa Real Estate Board (OREB) sold 1214 residential properties in October through the Board’s Multiple Listing Service® System, compared with 1,159 in October 2015, an increase of 4.7 per cent. The five-year average for October sales is 1130. “October’s sales continued the record-breaking resale trend for the third straight month,” says Shane Silva, President […]

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Ottawa’s housing market stable according to CMHC, national outlook less certain

Posted on October 29, 2016 by Robert Daley in Newsletter

Canada’s housing market watchdog sounded alarm bells about the price of housing in several markets across the country Wednesday, claiming that overvaluation and overbuilding in markets like Toronto and Vancouver are finally showing cause for concern. Canada Mortgage and Housing Corporation (CMHC) said in its national housing market assessment that soaring housing prices coupled with […]

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No fall(ing) back in Ottawa’s real estate market

Posted on October 12, 2016 by Robert Daley in Newsletter

Members of the Ottawa Real Estate Board sold 1,371 residential properties in September through the Board’s Multiple Listing Service® System, compared with 1,241 in September 2015, an increase of 10.5 per cent. The five-year average for September sales is 1,171. “Again this month, we have broken the record for residential and condominium units sold, with […]

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Summer resales sizzle in a hot July

Posted on August 8, 2016 by Robert Daley in Newsletter

Members of the Ottawa Real Estate Board sold 1,491 residential properties in July through the Board’s Multiple Listing Service® System, compared with 1,430 in July 2015, an increase of 4.3 per cent. The five-year average for July sales is 1,413. “Sales continue to outpace 2015 numbers both in monthly and year-to-date comparisons,” says Shane Silva, […]

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Second-best April on record for Ottawa resales

Posted on May 11, 2016 by Robert Daley in Newsletter

Members of the Ottawa Real Estate Board sold 1,714 residential properties in April through the Board’s Multiple Listing Service® system, compared with 1,567 in April 2015, an increase of 9.4 per cent. The five-year average for April sales is 1,568. “The Ottawa resale market continued its steady pace upwards in April, making it the best […]

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Fixture & Chattels: should it stay, or should it go?

Posted on April 20, 2016 by Robert Daley in Newsletter

The terms fixture and chattel are old terms that continue to be used today in property law. Everyone buying or selling resale residential properties should become familiar with their meaning. In general, fixtures stay with the home and chattels go with the former owners on the sale of the property. But as the definition of […]

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March resale market springs into action

Posted on April 20, 2016 by Robert Daley in Newsletter

Ottawa, April 19, 2016 – Members of the Ottawa Real Estate Board sold 1,166 residential properties in March through the Board’s Multiple Listing Service® system, compared with 1,200 in March 2015, a decrease of 2.8 per cent. The five-year average for March sales is 1,220. “We are definitely seeing a resale market increase from the previous […]

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Ottawa resale market eases off with cooler January weather

Posted on February 9, 2016 by Robert Daley in Newsletter

Members of the Ottawa Real Estate Board sold 601 residential properties in January through the Board’s Multiple Listing Service system®, compared with 626 sold in January 2015, a decrease of four per cent. The five-year average for January sales is 618. “The market momentum gained from the warmer weather in the latter part of 2015 […]

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Record-breaking December contributes to a strong 2015

Posted on January 12, 2016 by Robert Daley in Newsletter

Members of the Ottawa Real Estate Board sold 703 residential properties in December through the Board’s Multiple Listing Service® System, compared with 638 in December 2014, an increase of 10.2 per cent. The five-year average for December sales is 653. The total number of residential and condo units sold through the Board’s MLS® System throughout […]

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Mild weather and post-election enthusiasm spurs on homebuyers

Posted on December 4, 2015 by Robert Daley in Newsletter

Members of the Ottawa Real Estate Board sold 990 residential properties in November through the Board’s Multiple Listing Service® System, compared with 891 in November 2014, an increase of 11.1 per cent. The five-year average for November sales is 944. “Mild temperatures in November, combined with increased activity post-election, were key factors in the Ottawa […]

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