A Conference Board economist stated in a recent article for the Ottawa Business Journal that the Ottawa real estate market will be “pretty decent”.

These comments came after the Board’s October resale index was released, showing that the average housing price increase of 3% was just below the rate of inflation, which was 3.3% in October.

The index also showed that for every 1,000 homes listed for sale, 570 were sold in October.  This represents a sales to new listing ratio of 0.570.  A balanced market range is defined as anywhere between 0.393 and 0.709.

For more information on this trend, read the entire Ottawa Business Journal article on the stability of the Ottawa housing market.

For more up to date market statistics, visit our Ottawa real estate website or contact one of our Ottawa Sales Representatives at 613-288-0090.

Here are the details of a couple of our latest Ottawa homes for sale:

Crystal Beach area in Ottawa

20 Conniston Avenue

This wonderful bungalow has three bedrooms and three bathrooms and has been nicely updated and tastefully decorated. It features gleaming hardwood floors, renovated kitchen, updated windows and a new roof (2009). This home is ready to move in!

Vanier Centre area

297 Dupuis Street, Ottawa

True loft style condo apartment in central location. Close to most amenities, the property is perfect for a busy professional. Gleaming hardwood floors in this open concept bright unit. High ceilings with ornate tin panels and exposed brick. Lower level offers wonderful bedroom/sitting room retreat, complete with full ensuite, gas fireplace, and wall mounted flat screen television. Convenient in-unit laundry.

For more photos, a feature sheet or virtual tour of each of these properties, simply click on the address.  For an appointment to see one of these Ottawa properties, or any other Ottawa home for sale, simply contact one of our professional Sales Representatives at 613-288-0090 and we will arrange it at your convenience. 

Happy house hunting!

As previously reported, Ray Otten of the Renaud Otten Team has recently become an Accredited Green Broker.  In an effort to reduce our team’s carbon footprint, one of our initiatives is to replace our Homes by Design magazine subscription with an eVersion of Ottawa at Home magazine.

All of our previous clients enjoyed a monthly subscription to the paper-based Homes by Design magazine.  Now, we are exchanging this paper-based subscription to an eco-friendly subscription of Ottawa at Home magazine. 

In addition to providing this eVersion to our existing clients, we are pleased to be able to provide this magazine to all of our potential clients as well! 

In order to reserve your eVersion of Ottawa at Home magazine, simply email mail@OttawaProperties.com with the names and emails of anyone who would enjoy receiving a monthly local magazine filled with home, food and living in Ottawa information – all timely, fresh and unique content delivered to your inbox each month!

For more information regarding the Ottawa real estate market and our green initiatives, contact our team at 613-288-2455 or visit our Ottawa real estate website.

Here is a recent news article regarding Canada’s condominium market:

http://www.vancouversun.com/business/Condominium+market+Canada+heating/3757559/story.html

In a nutshell, the condominium market is up across many of Canada’s large markets such as Ottawa, Toronto and Vancouver.  In Ottawa, the condo market is up 11.9%  The actual average condo price in Ottawa is up, however, still an average of $100,000 less expensive that owning a single family home, making it a more realistic alternative for first-time home buyers.

If you are also thinking of owning a condo in the Ottawa area, check out:

http://www.condohotline.com/ottawa

Here you will find information on many of Ottawa’s condominium complexes including condo fees, lists of amenities, previously sold units and current units listed for sale.

If you have any questions regarding buying or selling an Ottawa area condo, contact us via our Ottawa real estate website, or by calling one of our Ottawa sales representatives at 613-288-2455.

Have a great day!