1 in 5 Selling Over the Asking Price - Best  + Worst Neighbourhoods of Orleans, Ottawa
Roch St-Georges 11 months ago

Orleans-Ottawa Real Estate Market Update covering Q1 of 2023 (January to March). What neighbourhoods of Orleans are performing the best? Which neighbourhoods of Orleans are performing the worst?

Sales volume is down but competition is fierce as the market see low inventory. This means more bidding wars. 1 in 5 properties sold in March sold over the asking price.

 

With Cannabis Legalization Smith Falls sees Growth in the Real Estate Market
Roch St-Georges 5 years ago

Since Canopy Growth opening shop in the old Smith Falls Hershey Chocolate the town of Smith Falls just outside of Ottawa, Ontario has been seeing good growth in not only cannabis plants but in real estate prices. :-)

With a market value of more than $127 million and many new contracts poised for more growth Canopy Growth / Tweed is becoming a large player in the cannabis game.

The company now employs around 750 employees at their Smith Falls HQ.

Smith Falls normally sees around $100,000 a yea...
Ottawa Real Estate Market May 2017 Update
Roch St-Georges 6 years ago

The Ottawa housing market is hot! Spring has arrived in Ottawa and agents are busy selling properties.  Average property prices in May 2017 for Ottawa have risen to $436,625 a jump of 7.4 percent compared to May 2016.

May 2017 also had the highest recorded number of sales in a single month. May sales included a total of 444 condominium class properties and 1,856 in the residential class.

Sales volume continues to trend towards a seller's market in many neighbourhoods of the City. 

High-end pr...
Ontario Real Estate Market April 2017 Update
Roch St-Georges 6 years ago

Ottawa's real estate market is heating up. Average home prices for the month of April 2017 rose by 7.9% over April 2016. The current average home price for the City of Ottawa is now $435,833 while condo class properties cost an average of $268,553 which translates into a increase of 2.9% for the condo class.

Ottawa Realtors sold 1,795 properties in April on the MLS. This is a 4.9% increase over the same period last year when they had sold 1,711. The 5 year average for the month of April is 1,61...
2017 Sales Volume Forecast
Roch St-Georges 7 years ago

The recent report from the Canadian Real Estate Association published in March shows projected sales volume across Canada. 

Some recent mortgage rules changes will affect certain regions more than others. In some provinces the tightening of mortgage rules such as the recent "stress test" for mortgage qualification will present a obstacle for many fist time home buyers looking to enter the real estate market. Many will have to rethink their budgets and or drop the idea of purchasing a home. 

Th...
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