While it may often seem that the majority of condominium development takes place in Ottawa’s downtown core, there are plenty of exciting new properties being built in other areas of the city. Near Manor Park, just east of the city’s downtown core, Valecraft Homes Ltd. has begun construction on their latest condo and townhouse development…Details
According to the City of Ottawa, the new urban park at the Lansdowne Park redevelopment site has been awarded to Ottawa firm D&G Landscaping. The company is based in Greely and has experience with other major reconstruction projects in the city. In a recent article, the Ottawa Business Journal reported that D&G Landscaping submitted the…Details
The Royal LePage House Price Survey was released earlier this week, and reports that residential home prices have remained steady over the last year in Ottawa. Slight increases are noted for detached homes when compared to 2012 prices, with the average price of a two-storey home increasing by 1.8 percent, and bungalows 1.9 percent. The survey is…Details
By now many Ottawans are aware of Minto’s condominium developments at Lansdowne in the Glebe.The Glebe is one of the city’s most sought-after neighbourhoods – which may be why some residents have had concerns that the new buildings, the Vibe and The Rideau, would be unwelcome additions to the community. However, for both future and…Details
How’s the housing market? The Ottawa Real Estate Board has released its monthly sales statistics for June 2013. The report notes that while June sales are “down a bit since last month”, this trend is typical for the transition from May to June, and that in general, residential sales remain steady. For more information, please…Details
Fixed-rate mortgages are experiencing an increase in rates, according to an article published by CBC News. Royal Bank is just one of several big Canadian banks moving to increase their rates, which is being done as a reaction to higher borrowing costs on the bond market. The rates are closely tied to the bond market, as…Details
For many home buyers, the first step of the process is to get pre-qualified for mortgage financing. With pre-approval from a lender, buyers can begin the search for their dream home while keeping within their expected budget. But there’s more to it than simply ensuring you’ve been pre-approved. The Toronto Star recently published an article…Details
May Market Cools As Heat Picks Up The Ottawa Real Estate Board has released its sales statistics for the month of May, 2013. According to the press release, while home prices continue to increase slightly, the “Ottawa market is still on par with average sales since 2009, and 233 more properties were sold than the…Details
The Royal LePage House Price Survey released in 2013 showed that house prices remained relatively flat in the first quarter of the year, compared to the first quarter of 2012. The survey reported that the average price of a home in Canada increased between 1.2 per cent and 2.4 per cent. An unprecedented combination of…Details
According to an article in the Business News Network, the real estate market in Canada is stabilizing. Royal Bank economists have reported that “demand and supply remain in balance in most of the country”, easing the concern that Canada will experience “a U.S.-style housing bust”.
Read the full article here.