Ottawa resale market proves strong in first half of 2017

July Newsletter

Members of the Ottawa Real Estate Board (OREB) sold 2,162 residential properties in June 2017 compared with 1,985 in June 2016, an increase of 8.9 percent.

“We’re having a stellar year so far in 2017. Year-to-date sales numbers for the first half of the year are up in both the residential and condo property classes, combined coming in at a 13.5 percent increase over the same time period in 2016,” said OREB’s President. “Average sale price in both the residential and condo class is up in the first half of 2017 compared to last year, although not a significant amount.”

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Buying a Home

Don’t depend on blind luck to find your new home – enlist the services of a real estate representative; one who specializes in the sort of property you would like to buy.

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Affording a Home

Your “dream home” becomes a nightmare when you end up “house poor”, with most of your money going to pay for the mortgage and little left over for enjoyment. When buying a home, you need to be practical and realistic. Over -extending yourself financially is the quickest way to destroy the excitement of owning your own home. A real estate professional can help you find the home of your dreams;

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