We are very excited to share our new listing at 2364 KENDRON LANE in Ottawa.
Fantastic custom home with attention to every detail! This 7-bedroom, 5-full-bathroom home is perfect for diplomats and executives with no lack of space! There are 3 ensuite baths, hardwood floors, soaring ceilings, a gourmet kitchen open to the family room, 2 gas fireplaces, one of which is in the primary bedroom, a fully finished basement with 2 bedrooms, a triple car garage and so many more features you will need to see this in person! Make this your new address now! (id:2493)
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We are very excited to share our new listing at 641 CONTINENTAL AVENUE in Ottawa.
Gorgeous newer 4 bdrs single house in Stittstville. Spacious and airy house offers a mud room, huge living room, fireplace, laundry on the second level and fenced yard. No rear neighbors - looking onto the soccer field. Conveniently located close to shopping plaza and many amenities. Rental application, Equifax credit report and employment proof are a must. (id:2493)
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We are very excited to share our new listing at 641 CONTINENTAL AVENUE in Ottawa.
Gorgeous newer 4 bdrs single house in Stittstville. Spacious and airy house offers a mud room, huge living room, fireplace, laundry on the second level and fenced yard. No rear neighbors - looking onto the soccer field. Quartz counter top, hardwood floors, faucets, shower door have been done in 2022. Conveniently located close to shopping plaza and many amenities. Available for immediate possession. (id:2493)
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We are very excited to share our new listing at 2364 KENDRON LANE in Ottawa.
A fantastic 7-bedroom, 5-full-bathroom home is perfect for those needing lots of space! There are 3 ensuite baths, hardwood floors, soaring ceilings, a gourmet kitchen open to the family room, 2 gas fireplaces, one of which is in the primary bedroom, a fully finished basement with 2 bedrooms, a triple car garage, a newly installed metal roof and so many more features you will need to see this in person! Located close to parks, South Keys shopping and the airport parkway makes it a very convenient location! Make this your new address now! (id:2493)
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We are very excited to share our new listing at 548 AROSA WAY in Ottawa.
Beautiful NEW 3 bedroom END unit townhome in Blackstone South backing to a park! Fully fenced backyard, Finished basement and lots of walk in closets! Open concept main floor boasts 9' ceilings, hardwood floors, and tones of upgrades spacious great room with cozy fire place, and formal dining room. Kitchen features large island, granite counters, upgraded backsplash, stainless steel appliances, and loads of cupboard space. Formal dining. Upstairs, you will find a spacious primary bedroom with walk-in closet and upgraded bath oasis with double vanity, and separate shower and soaker tub. Two additional good sized bedrooms and full bath round out the second level. Fully finished lower level with recreation room and storage. Mins To Walmart, Highway 417, Canadian Tire Centre, Costco And Tanger Outlets.Available immediately, Tenant pays for utilities and lawn/snow maintenance. NO pets and NO smoking please. (id:2493)
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We are very excited to share our new listing at 803 NOTRE DAME STREET in Embrun.
Large split level home on a massive lot in the family oriented community of Embrun. Current zoned for commercial right on a busy street. Opportunity to operate a variety of businesses from home. The bones on this home are solid. Large family home close to all the amenities that Embrun has to offer. Plenty of parking on the circular drive plus the 2 car tandem garage. Large Treed lot. (id:2493)
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We are very excited to share our new listing at 1035 APOLUNE STREET in Ottawa.
Welcome to this beautiful brand-new home on a premium corner lot in desirable Half Moon Bay. The builder provided exceptions to the seller for designer upgrades not available to other buyers at the time. Nothing has been spared, the upgrades were carefully selected to make this home stand out above the rest. The main floor features an inviting open concept living room and dining room w/ upgraded oak hardwood flooring that leads to a chef's gourmet kitchen with a large, upgraded waterfall island, upgraded cabinetry, backsplash, quartz counter tops & stainless-steel high end smart appliances. The den provides additional seating area for guests. 9' ceilings on both the main and 2nd floor with expansive windows creates a beautiful and bright living space. Primary bedroom hosts large W.I.C. & luxurious spa-Like 5pc ensuite w/free-standing tub, glass shower & upgraded double vanity. Massive loft & additional 2 bedrooms on second floor. Too many upgrades to list! (id:2493)
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Members of the Ottawa Real Estate Board sold 987 residential properties in October through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,670 in October 2021, a decrease of 41%. October’s sales included 758 in the residential-property class, down 40% from a year ago, and 229 in the condominium-property category, a decrease of 44% from October 2021. The five-year average for total unit sales in October is 1,554.

"After the volatility of the past two pandemic years, which was unsustainable, the market is correcting and adjusting," says the Ottawa Real Estate Board President. "The slowdown is compounded by Bank of Canada interest rate increases, which further exacerbates buyer hesitancy and weakens people's purchasing power—especially first-time homebuyers."

“Demand is still high, and with increasing inventory available, Buyers have more choices and time to shop for their new home. However, the ongoing speculation about where prices and interest rates are headed shakes consumer confidence and has made some prospective Buyers take a wait-and-see approach.”

“Sellers may be understandably concerned about market fluctuations, which have been more drastic lately. As with any major investment, a longer-term perspective is important. The significant year-over-year gains of the last two years were not sustainable. If you have owned your property for any length of time, your equity has increased significantly and will buffer price corrections. If you buy and sell in the same market, it is all relative.”

By the Numbers – Inventory & New Listings:
  • Months of Inventory for the residential-class properties has increased to 3.3 months from 1 month in 2021.
  • Months of Inventory for condominium-class properties has increased to 3 months from 1.2 months in 2021.
  • October’s new listings (2,047) were 4% higher than 2021 (1,960) and down 14% from September 2022 (2,371). The 5-year average for new listings in October is 1,971.

“Buyers and Sellers need to carefully analyze their own unique circumstances. No one can predict with absolute certainty what will happen next year, but in the highly employed and stable Ottawa market, real estate has been and continues to be a good investment over time. They don’t have a crystal ball, but mortgage brokers and REALTORS® have the education, expertise—and most importantly, the data—to help people make an informed decision for their specific situation.”

By the Numbers – Average Prices:
  • The average sale price for a condominium-class property in October was $445,691, an increase of 9% from 2021.
  • The average sale price for a residential-class property was $677,873, decreasing 5% from a year ago.
  • With year-to-date average sale prices at $780,390 for residential units and $456,470 for condominiums, these values represent an 8% increase over 2021 for residential-class properties and a 9% increase for condominium-class properties.

REALTORS® also help with finding rentals and vetting potential tenants. Since the beginning of the year, OREB Members have assisted clients with renting 5,186 properties compared to 4,012 last year at this time.

Courtesy of the Ottawa Real Estate Board
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We are very excited to share our new listing at 557 DECOEUR DRIVE in Ottawa.
Come and explore this beautiful townhouse! This Haven model built by Minto Communities welcomes you with it's smart and cozy floor plan layout. Inside this like new home, you'll find an upgraded kitchen, upgraded bathrooms, and high quality laminate on the main floor, and upstairs landing. Conveniently located close to various big box stores, restaurants, and minutes away from the Orleans Health Hub hospital. Spacious and partly finished basement with a rec. room and additional storage. Located on a family oriented street within the Avalon Encore community. Close to schools, shopping and steps to public transit. No front yard neighbors, instead you are welcomed with a park to relax in, just steps from your front yard. Just step inside the home, and you'll be ready to settle in! (id:2493)
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We are very excited to share our new listing at 384 BLAKE BOULEVARD UNIT#1 in Ottawa.
Newly renovated and cute 2 bedroom step down unit in a boutique lowrise in the heart of Vanier. Brand new fridge and stove, freshly painted throughout, new flooring, electrical and plumbing upgrades, beautiful bath with glassed in shower and convenient washer and dryer tucked in with handy shelving above. Enjoy the high ceilings and rounded entry details. Spacious principal bedroom with mirrored closet. 2nd bed could be an office/den or work out room. Walk straight out the back door to your own spacious covered patio perfect for summer BBQ's and just steps up to your parking. Key fob entry. Low Condo fee include TAXES, HEAT & WATER!!! Perfect for the first time buyer to have a friend rent a room to help out. Minutes to downtown, Byward market, shopping and transit. FreshCo. groceries literally right around the corner, Tenant in Common, Co-Operative building where ownership is shared. Live where you can make a difference. (id:2493)
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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.