Archives for sellers in Ottawa

Considering selling your home over the holidays?

Are you thinking of selling over the holidays? Putting your home up for sale during the winter holiday months can seem… daunting, to say the least. Present shopping, decorating, and family can be overwhelming on their own without throwing in open houses, getting ready to move, looking for buyers and finalizing a sale. However, there are a lot of benefits to selling during this time.   Check out this blog on why it’s a great idea to list over the winter holidays!
Read More

OSFI sets new mortgage rules, including stress test for uninsured borrowers, find out more about how this will affect you

By Pete Evans, CBC News Posted: Oct 17, 2017 9:29 AM ET Last Updated: Oct 17, 2017 3:02 PM ET   Canada’s top banking regulator has published the final version of its new mortgage rules, which include a requirement to “stress test” borrowers with uninsured loans to ensure they could withstand higher interest rates.   The Office of the Superintendent of Financial Institutions (OSFI) released new guidelines for the mortgage industry on Tuesday. The regulator floated a similar version of these rules earlier this summer in draft form, but Tuesday’s release makes them official as of Jan. 1.   Click here to read the article
Read More

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
Read More

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
Read More