Megan Razavi's blog
In June 2019, 39% of homes in Ottawa sold over asking! There are still more buyers than sellers, making it a very attractive time to considering selling your home.
If you are currently looking to buy a home in Ottawa you may have noticed that there are not currently a lot of homes available for sale. How is this impacting the real estate market?
It basically means that we are in a Seller's market and that home prices in Ottawa are on the rise. Many of my buyers ask me whether prices will go down and it's highly unlikely. If there is any change in the economy it would mean that prices wil stabilize with fewer homes selling at over asking prices.
Now that the long Ottawa winter is behind us, here are some useful tips for maintaining your home this spring.
Many of us recall the city of Smiths Falls being synonymous with the Hershey Chocolate factory. The sad news of the closing of the factory had a very negative financial impact for a number of families. But most recently, with the legalization of cannabis in Canada, local marijuana manufacturers such as Tweed and Canopy Growth Corporation are revitalizing the local economy in Smiths Falls.
With the shortage of inventory of homes for sale, the Ottawa real estate market remains quite hot keeping it a Seller's market through this fall season. This means that many buyers are competing for homes where they are bidding in multiple offer situations. So what can you do to ensure that you win when you are in a multiple offer situation?
This beautiful four bedroom home located in Orleans is a rare gem in the heart of Avalon. Homebuyers will be delighted from the moment they set their eyes on this property. From the moment you arrive, you will appreciate the intricate landscapping within the fenced yard featuring ten different species of trees, the custom built full size shed and the cozy sunshade on the front veranda.
Real estate has always been an excellent investment and the Ottawa Real Estate market has always been historically stable. A new report released has forecasted that Ottawa will be the number one real estate to strengthen in Ontario over the next five years. The spring market has been off to a great start with 1,660 residential properties sold in March 2018.