Archives: November 2009

Builders in Ottawa-Gatineau Raise Prices

The year-on-year housing prices in Ottawa-Gatineau increased 0.7 percent in September. The improved housing market gave local builders the confidence to raise their prices, according to Statistics Canada. The Ottawa area was one of few to display continued growth, and also showed year-on-year increases along with a faster growth rate than other Canadian markets. Overall, […]

Low Mortgage Rates Fuel Ottawa Home Sales

Housing sales in Ottawa increased 24.7 percent in October, solidifying the market’s status after the turbulence of last year’s economic situation. This shows in the 13.6 percent jump in home prices over last year, bringing the average sale price to $318,655. Condominiums had the most demand, followed by bungalows and two-storey single-family homes, with 1,202 […]

Purchasing a Condo? Know Before You Buy

Many people that purchase condominiums like the lifestyle that it provides, versus buying a house. However, there is more than meets the eye with condo ownership. What are you really buying into when purchasing a condo? Bonnie Wegerich, president of the Calgary Real Estate Board says, “Purchasing this convenient condo lifestyle can be an inconvenient […]