Archives for sellers in Ottawa

Ottawa viewed as Canada’s safest city: Poll

    Josh Pringle, CTV Morning Live Published Wednesday, August 23, 2017 7:06AM EDT  Last Updated Wednesday, August 23, 2017 7:42AM EDT Canadians believe Ottawa is Canada’s safest city. A new Mainstreet poll looks at Canadian perceptions of safety in 15 major cities across the country. Ottawa is viewed as Canada’s safest city. The survey shows 74% of Canadians say Ottawa is safe, while 14% say Ottawa is unsafe. This is the second straight year Ottawa is ranked 1st for perceived safety. The survey notes Canadians believe Ottawa is safe despite the 5% increase in the crime rate last year. Charlottetown
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Condo sales drive the Ottawa resale market in July

Members of the Ottawa Real Estate Board sold 1,530 residential properties in July through the Board’s Multiple Listing Service® System, compared with 1,490 in July 2016, an increase of 2.7 per cent. The five-year average for July sales is 1,446. “The Ottawa resale market continued its steady pace into mid-summer, with condo sales really bolstering the market this past month,” says Rick Eisert, President of the Ottawa Real Estate Board. “We’ve actually been seeing this positive trend since February. The condo market had been in a slump for the past few years because it was overbuilt. Some owners who had
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How does the increase in the Bank of Canada Rate affect your loans?

By Solomon Israel, CBC News Posted: Jul 12, 2017 5:00 AM ET Last Updated: Jul 12, 2017 4:29 PM ET   After seven years of leaving its key interest steady or cutting it to near-historic lows, the Bank of Canada has finally increased its overnight rate by 0.25 percentage points to 0.75 per cent. The overnight rate determines the rate at which banks lend money to each other on a regular basis. In practice, changes in the overnight rate get passed on to consumers through corresponding changes in interest rates on different financial products. Here’s how the increase in interest rates could filter down through the kinds of loans
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Ottawa ranked #1 as Canada’s Best Places to Live 2017!

MoneySense by Mark Brown July 4th, 2017 Online only   Where is the best place to live? Many Canadians are convinced they already know the answer: Wherever they are now. But as proud as we are of our hometowns, there are some cities that simply have it all. And for the second consecutive year that place is Ottawa.   Year after year, our nation’s capital excels on our list but we know there are naysayers out there. On the off-chance readers get the idea we have a soft spot in our hearts for the nation’s capital and played favourites, we shuffled the data a bit
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