A new report by the Canadian Association of Accredited Mortgage Professionals stated that many Canadians are now increasingly “conservative in their mortgage choices” leading to less loan defaults. The report also stated that of the people surveyed, over 40,000 mortgages (which totalled $10 billion) last year, 86 per cent of those loans were fixed-rate mortgages, […]
According to a survey released last month, the city of Vancouver is among the most unaffordable, or expensive, housing markets in the world. Montreal and Toronto are also up there, not trailing far behind Vancouver. Ottawa, however, has been able to maintain a “moderately affordable” market in comparison. The research, which was done in the […]
Expanding on an idea born in New York City 20 years ago, Ottawa and other cities across North America are making an effort to provide housing to those less fortunate or in difficult financial predicaments. The Canadian Mental Health Association (CMHA) owns 32 condos all over the city which it rents to people with severe […]
Home inspections can be slightly intimidating, if you don’t know the right questions to ask. Ottawa Move has come up with some key questions that you should ask your home inspector so that you can feel comfortable with the entire process. 1. Does the home inspector have a license? This may seem like a petty […]
This time last year, Ottawa was unsure of where the housing market was going to go, up or down. However, the affordable mortgage rates and increased consumer confidence catapulted the nation’s capital in the best year yet. The 2009 housing industry broke records of all kinds. Increasing 7.4 per cent from 2008, Ottawa-area real estate […]
Ottawa, and Canada in general, have been enjoying some really fantastic months of increased home sales and also a rise in home prices. It seems like the Canadian economy is not only enjoying a recovery from the small slump last year, but also a period of growth. However, industry experts are not so keen to […]
Home owner scams have been around for ages, and although they don’t happen to everyone, you should still understand what the most common ones are. OttawaMove.com has come up with a few scams that you should be aware of. 1. THOSE PESKY PHONE CALLS While the majority of people do not fall for telemarketing home […]
While Ottawa, in general, has been consumed by the recent condo fervor that has taken over the city and the area from Rideau Street to Bank Street and over to Richmond Road, higher prices residences are not selling as fast. Penthouses and other condominiums prices over $750,000 are moving at a much slower pace than […]
Housing starts in the nation’s capital have increased in leaps and bounds within the last 6 months. New construction activity has been popping up everywhere, and the numbers don’t seem to be slowing down. The Canada Mortgage and Housing Corporation (CMHC) reported that this November was the first time that housing starts showed a significant […]
We may concentrate on getting you the most up-to-date real estate information in Ottawa, but we also want to let you know how many great things there are to do in the wonderful town. OttawaMove.com has compiled a list of our favourite things to do below: 1. Notre Dame Cathedral Basilica: This beautiful church, which […]
