The Lansdowne Park redevelopment is starting to really take shape, with a unique mix of shops, restaurants and retail outlets coming together to provide a truly different experience to the residents of Glebe. John Williams, senior partner with J.C. Williams Group Limited, which is working together with the Ottawa Sports and Entertainment Group, said that […]
Category Archives: Ottawa Real Estate News
Ottawa Great for Home Buyers and Sellers Alike
Sometimes it’s difficult for a city to be both good for home buyers and home sellers at the same time. However, for Ottawa, this is definitely true – at least for now. The housing market has continued to perform very well in recent months. People are buying homes and the activity seems to be actually […]
New Law Makes Fire Sprinklers Mandatory in New Homes
Starting April 1, all new apartments and condos that are higher than three storeys are now required to install sprinkler systems. The Ontario Building Coded, which currently already requires that new residences have hard-wired smoke detectors on every floor, is putting their foot down after some recent fire deaths have been ruled as completely avoidable […]
Glebe Residents Fear Lansdowne Plan Will Take Away Park
The overhaul of Lansdowne Park has been a controversial topic for Glebe residents for some time now. However, a new development has upset the neighbourhood even more as details surrounding five acres of baseball fields, children’s playgrounds, and dog runs have been released showing a complete redesign. The recreational area, which is part of Sylvia […]
Understanding the New Mortgage Rules
The new rules being enforced by the Canadian government is basically to protect the nation’s citizens from getting into the same bubble-bursting situation that the Unites States has been and is currently dealing with. Interest rates are at an all-time low, and as a result, people are buying homes with very little down. While this […]
Minister of Finance Limits Mortgage Rules
While industry experts and housing reports have issued warning about household debt levels and the possibility of an impending housing bubble, Finance Minister, Jim Flaherty, stated that the federal government was making changes to make securing a mortgage more difficult. The rule tightening will require all borrowers to meet strict qualifications for a five-year fixed-rate […]
Quebec Steps Up to Aid Eddy St. Fire Victims
After much back-and-forth, the government of Quebec is providing $10,000 to a local charity that will assist the displaced victims of the February 2nd fire in Gatineau. This new comes just as the city was set to discontinue supporting the three dozen or so victims. The organization that will receive the money is Entraide familiale […]
Victims of Eddy St. Fire Caught Up in City Squabble
The City of Gatineau and the government of Quebec were in disagreement as to who will have to assume the costs of the February fire that left three dozen people homeless earlier this month. After a lengthy series of meetings, Gatineau decided to pay for the damages. Councillor Denise Laferriere of Hull-Val-Tetreau has been urging […]
Ottawa Housing Prices Continue to Increase
This month, Statistics Canada announced that the price of new homes in the Ottawa-Gatineau market increased more rapidly in December than any other city. The price of new houses in Ottawa-Gatineau rose faster in December than in other cities, Statistics Canada said Thursday. The increase of 0.8 per cent is double the average for country. […]
Ottawa Home Prices – January 2010 vs. Last Year
Compared to 2009, the Ottawa housing market is continuing to get better. When measured against January 2009 numbers, Ottawa home sales – including resales and condo sales – was up 35 per cent this year. This is great news for the city after going through a similar recession like other markets last year. According to […]