Buying or selling a home is a big decision - you need an experienced professional to guide you through the process. When you work with me, you can count on personal, attentive, patient service, excellent knowledge of the area, great negotiation skills and expert selling strategies. I've been helping clients buy and sell homes and condominiums across the Ottawa region and would be pleased to work with you.
Listing # 1210420
Bright corner unit with floor to ceiling windows. Hardwood floors and marble tile throughout. This 2...
Listing # 1203229
Brand new ALL-INCLUSIVE 1 bedroom in-law suite in Westboro! Be the first to live in this stunning 2 ...
Listing # 1216405
Welcome to 114 Lachaine St! 4 Bedroom, highly upgraded, fully fenced 2 storey home in a friendly & ...
Royal LePage House Price Survey for the Fourth Quarter of 2018
Key highlights from the national release include:
- The price of a home in Canada increased 4.0 per cent year-over-year to $631,223 in the fourth quarter of 2018, continuing the recovery from the most significant housing correction since the financial crisis. Condominiums continued to see the highest rate of appreciation nationally when compared to the detached segment, rising 7.2 per cent year-over-year to $447,915.
- The Canadian economy is performing well overall, with pockets of uncertainty. Persistently weak oil prices driven by domestic market access bottlenecks and global supply gluts have hit Western Canada hard, and trade tensions between China and the U.S. in particular are impacting consumer confidence across the continent.
- The GTA was a story of contrasts. The City of Toronto experienced a strong rebound in the fourth quarter, while the surrounding areas remained relatively weak year-over-year. Prices in Toronto saw sizable increases, rising 8.8 per cent compared to 3.4 per cent gains for the GTA more broadly.
- The aggregate price of a home in the Greater Montreal Area passed the $400,000 mark, rising to $407,230, an increase of 4.1 per cent from the same period last year. This represents a higher rate of appreciation than that seen in both the GTA and Greater Vancouver, and above the national aggregate percentage increase.
- Home price appreciation in Greater Vancouver grew at a modest pace rising 2.1 per cent in the fourth quarter from the year before, to an aggregate price of $1,274,831. More affordable suburbs like Langley, Surrey, and Coquitlam that had seen double digit price growth in previous quarters grew at a more modest pace rising 2.4 per cent, 2.3 per cent, and 0.4 per cent respectively.
CMHC 1Q 2018 HOUSING MARKET ASSESSMENT Shows Low Vulnerability for Ottawa Market
Ottawa: Low degree of vulnerability - We detect low evidence of overbuilding in Ottawa as the
number of completed and unsold condominium apartments has been steadily declining since mid-2016, pointing to improved demand conditions for such dwellings. The decline in condominium apartment starts activity over the last two years translated into significantly lower completions in 2017 compared to recent highs, easing up the inventory overhang.
Demand for resale condo apartments also expanded strongly in recent months. We detect low evidence for all other indicators of vulnerability as the Ottawa market is supported by steady employment and earnings growth.