Royal LePage Canada releases Market Survey Forecast, which provides year-over-year price expectations for Canada’s nine largest markets.  Key highlight from the national release:  Tech and government sector expansion to drive Ottawa prices up 11.5%! See the full regional insight in the national release. Royal LePage 2021 Market Survey Forecast Price Table: rlp.ca/rlp2021_forecast_table STAY IN THE KNOW WITH MARKETWATCH [contact-form-7] We will process the personal data you have supplied in accordance with our privacy policy ..read more

Frigid January Temperatures didn’t Cool Resale MarketOttawa Real Estate Board News Release OTTAWA, February 3, 2022 – Members of the Ottawa Real Estate Board sold 936 residential properties in January through the Board’s Multiple Listing Service® System, compared with 963 in January 2021, a decrease of 3 per cent. January’s sales included 661 in the residential-property class, down 2 per cent from a year ago, and 275 in the condominium-property category, a decrease of 5 per cent from January 2021. The five-year average for total unit sales in January is 840. “January’s sales, almost id ..read more

Just Released – Royal LePage’s House Price Update and Market Forecast The Royal LePage House Price Update and Market Forecast, distributed each quarter, includes price data and insights from experts in 62 real estate markets across the country, as well as national and regional forecasts. LOCAL MARKET FORECAST “The Ottawa housing market continued to see strong demand in the fourth quarter of 2021. I expect the looming threat of interest rate hikes will further spur demand in the first half of this year,” said John Rogan, broker of record, Royal LePage Performance Realty. “Although we are ..read more

February Resales Snapped up QuicklyOttawa Real Estate Board News Release OTTAWA, March 3, 2021 – Members of the Ottawa Real Estate Board sold 1,390 residential properties in February through the Board’s Multiple Listing Service® System, compared with 1,134 in February 2020, an increase of 23 per cent. February’s sales included 1,028 in the residential-property class, up 24 per cent from a year ago, and 362 in the condominium-property category, an increase of 19 per cent from February 2020. The five-year average for total unit sales in February is 1,101. “Resale properties are virtually ..read more

Here are the highlights of the annual 2020 Cost vs Value Report. If you’re thinking of remodeling or adding onto your house the following returns on your costs should help you with your decision making. We are frequently asked what home improvements have the best return on investment. Every year Remodelling magazine in cooperation with the National Association of Realtors and Realtor Magazine provide an annual report comparing the actual cost of a project and the homeowners return on investment when it comes time to sell. In a real estate transaction, the “cost recouped” for a remodel ..read more