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 […]
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 […]
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 […]
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 […]
Some 42 new homes will be constructed for disadvantaged and homeless women starting this spring. The new affordable units will go up near Somerset Street and Booth Street. The housing complex, which is being funded with a $6 million grant, will be located at 314 Booth Street. It is being sponsored by community organization Cornerstone/Le […]
Although there are those industry experts that warn against consumer spending and predict that the recession is not quite over yet, the housing market seems to be paying no attention. The Canadian Real Estate Association (CREA) announced that home resales in Canada soared 73 per cent last month from last year; showing the resiliency of […]
