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Kanata Homes for Sale – Ottawa homes for Sale – All homes for sale in Kanata July 27th, 2023

July 27th, 2023

All homes available for sale in Kanata.

Searching for homes for sale in Kanata? Look no further than The KENNEDY Real Estate Team. With several years of experience in selling homes in Kanata. We have extensive knowledge about various models, builders, and neighbourhoods such as: Beaverbrook, Katimavik, Bridlewood, Kanata Lakes, Morgan’s Grant, Trail West, and Elmwood. 

In Kanata Ontario, there are several types of dwellings available: Single detached homes, row units townhouses, semi-detached homes, stacked townhouses, and apartments.

We are Currently seeking, 113 listings for sale in Kanata with an average price of approximately:

ALL JULY 2023  DETACHED HOMES AVERAGE PRICE $857,900.

Count on us to provide you with the true value. This free service will ensure you make an informed decision for your next home purchase in Kanata.

ASK FOR OUR FREE “PROPERTY REPORT ON VALUE AND COMPARABLE”.

Get all details – Copy/Paste MLS number here.

Search a Street, City, Province, RP Number or MLS® Number

 

All Kanata Home Listings on our IDX website.

ML# Address List Price Type Style Bds Bths
1349274 1016 TANGUAY CRT $339,900 2STOREY STACK 2 2
1346861 1006 TANGUAY CRT $349,900 2STOREY STACK 2 2
1347644 103 SALTER CRES $379,900 2STOREY ROW 3 2
1353521 239 PICKFORD DR $429,900 2STOREY ROW 3 2
1352685 21 BEST WAY $438,000 2STOREY ROW 3 3
1345297 2033 CAMPEAU DR $449,000 2STOREY STACK 2 2
1347915 300 TULUM CRES #H $485,000 1LEVEL STACK 2 1
1339787 310 TULUM CRES #C $499,900 OTHER STACK 2 2
1339789 310 TULUM CRES #B $499,900 OTHER STACK 2 2
1349944 106 KINCARDINE DR $516,000 2STOREY ROW 2 3
1344162 598 FOXLIGHT CIR $528,900 3STOREY ROW 2 3
1352430 373 HILLSBORO PVT $534,900 2STOREY ROW 3 3
1353245 21 STREAMBANK ST $539,900 3STOREY ROW 2 2
1351777 516 ABERFOYLE CIR $549,900 2STOREY ROW 3 2
1351967 1505 CAMPEAU DR $549,999 2STOREY STACK 2 3
1351412 14 MEADOWBREEZE DR $550,000 2STOREY ROW 3 3
1351319 29 STREAMBANK ST $558,000 3STOREY ROW 3 2
1352962 127 ATTWELL PVT $559,900 3STOREY ROW 2 3
1350428 161 ATTWELL PVT $569,000 3STOREY ROW 2 2
1338221 398 HILLSBORO PVT $569,900 2STOREY ROW 3 3
1350177 63 SPRINGCREEK CRES $575,000 2STOREY ROW 3 2
1351338 4 SUNNYBROOKE DR $575,000 2STOREY ROW 3 2
1351016 60 HELMSDALE DR $599,900 2STOREY ROW 3 3
1351828 833 TABARET ST $618,000 2STOREY ROW 3 3
1353591 586 BARRICK HILL RD $619,900 2STOREY ROW 3 3
1353394 1326 HALTON TERR $625,000 2STOREY ROW 3 3
1349339 738 OAKGLADE AVE $629,900 2STOREY ROW 3 3
1352422 220 FORESTBROOK ST $639,000 2STOREY ROW 3 3
1351156 94 SADDLESMITH CIR $639,000 2STOREY ROW 3 3
1352406 201 OPUS ST $649,900 2STOREY ROW 3 3
1352958 80 ROBARTS CRES $649,900 2STOREY ROW 3 4
1352924 276 MAXWELL BRIDGE RD $649,900 2STOREY ROW 3 3
1346702 30 HIGHMONT CRT $650,000 2STOREY SEMIDET 3 3
1353652 29 COURTNEY RD $654,900 BUNGLOW DETACH 4 2
1346498 218 HUNTERBROOK ST N $659,999 2STOREY ROW 3 3
1346233 100 PATRIOT PL $669,900 2STOREY ROW 3 3
1350846 560 PEPPERVILLE CRES $669,900 2STOREY ROW 3 3
1350828 120 SPRINGCREEK CRES $674,900 2STOREY DETACH 3 2
1340559 804 STAR PVT $684,900 3STOREY ROW 2 4
1343773 31 BACHMAN TERR $694,900 3STOREY ROW 2 4
1342872 58 BLACKDOME CRES $699,000 2STOREY ROW 3 2
1351794 7 CURRAN ST $699,000 2STOREY DETACH 3 2
1347144 80 GOLDRIDGE DR $699,900 2STOREY ROW 3 3
1350013 70 MERSEY AVE $699,900 2STOREY DETACH 3 3
1343158 27 BACHMAN TERR $704,900 3STOREY ROW 4 4
1345027 45 BACHMAN TERR $714,900 3STOREY ROW 3 3
1344899 110 MACASSA CIR $724,900 SPLIT ROW 3 3
1348075 51 WATERTHRUSH CRES $724,900 BUNGLOW SEMIDET 3 3
1333567 69 EQUESTRIAN DR $729,900 2STOREY DETACH 3 3
1344890 37 BACHMAN TERR $734,900 3STOREY ROW 4 4
1350053 993 KLONDIKE RD $735,000 2STOREY ROW 3 3
1339680 432 MEADOWBREEZE DR $739,900 2STOREY ROW 4 3
1349133 283 KINGHAVEN CRES $749,000 2STOREY ROW 3 4
1347577 95 VILLAGE GREEN $749,999 2STOREY DETACH 4 2
1345492 21 WESTMEATH CRES $757,000 2STOREY DETACH 3 3
1352433 2 SEWELL WAY $769,900 2STOREY DETACH 4 3
1348719 554 HITZLAY CRES $770,250 2STOREY ROW 3 3
1352974 66 MACASSA CIR $790,000 3STOREY ROW 2 3
1352026 42 FOULIS CRES $794,000 BUNGLOW ROW 3 3
1348104 4 TURNBULL AVE $799,900 2STOREY DETACH 3 3
1351607 26 FOXLEIGH CRES $799,900 2STOREY DETACH 4 4
1353089 33 SPUR AVE $799,900 2STOREY DETACH 4 4
1353349 58 BRIDLE PARK DR $799,900 2STOREY DETACH 4 3
1347391 182 OVERBERG WAY $809,900 2STOREY ROW 3 4
1352046 194 FLOWING CREEK CIR $829,900 2STOREY DETACH 4 4
1348237 65 CROWNRIDGE DR $839,900 2STOREY DETACH 3 3
1352949 24 RIVERGREEN CRES $839,900 2STOREY DETACH 3 3
1352972 140 BRIDGESTONE DR $849,900 2STOREY DETACH 4 3
1339798 819 PETRA PVT $850,000 3STOREY ROW 3 4
1352306 135 SOLARIS DR $855,000 2STOREY DETACH 4 4
1351387 441 TILLSONBURG ST $875,000 2STOREY DETACH 3 3
1350782 122 WHERNSIDE TERR $885,000 2STOREY DETACH 4 4
1353183 2 BRADLEY FARM CRT $899,900 2STOREY DETACH 4 4
1346499 4 BRADLEY FARM CRT $899,999 2STOREY DETACH 6 4
1348913 26 PELLAN CRES N $936,000 2STOREY DETACH 4 3
1348723 15 RUTHERFORD CRES $945,000 2STOREY DETACH 4 3
1346322 803 OAKSIDE CRES $959,000 2STOREY DETACH 5 4
1348720 360 ABBEYDALE CIR $969,900 2STOREY DETACH 4 3
1346305 614 BRIDLEGLEN CRES $979,990 2STOREY DETACH 3 3
1330947 27 SOLARIS DR $989,900 2STOREY DETACH 4 4
1350083 19 RUTHERFORD CRES $989,900 2STOREY DETACH 4 4
1342008 42 STONECROFT TERR $998,000 BUNGLOW DETACH 4 3
1346782 178 GYRFALCON CRES $999,000 2STOREY DETACH 5 4
1347064 11 TURTLE POINT PVT $999,000 BGWL ROW 4 4
1347484 2004 ALLEGRINI TERR $999,900 2STOREY DETACH 4 3
1343628 343 SUGAR PINE CRES $1,029,000 2STOREY DETACH 3 3
1350372 10 JARLAN TERR $1,039,000 2STOREY DETACH 4 3
1346589 11 MENDOZA WAY $1,049,000 2STOREY DETACH 4 3
1352264 328 LAUGHLIN CIR $1,050,000 2STOREY DETACH 4 3
1345277 8 EVANSHEN CRES $1,100,000 2STOREY DETACH 4 3
1350338 26 VARLEY DR $1,150,000 2STOREY DETACH 4 3
1349314 9 ROSETHORN WAY $1,188,800 2STOREY DETACH 5 4
1345120 138 STEEPLE CHASE DR $1,199,900 2STOREY DETACH 4 4
1350186 36 ROSENFELD CRES $1,225,000 2STOREY DETACH 4 4
1340309 123 GRAINSTONE WAY $1,299,900 2STOREY DETACH 4 4
1350133 50 OSPREY CRES $1,299,900 2STOREY DETACH 8 5
1345061 28 GREENSAND PL $1,300,000 2STOREY DETACH 4 4
1343176 396 HUNTSVILLE DR $1,349,000 2STOREY DETACH 4 4
1344490 250 KETCHIKAN CRES $1,395,800 2STOREY DETACH 4 4
1346597 55 IRONSIDE CRT $1,399,000 2STOREY DETACH 4 3
1350049 523 BRECCIA HTS $1,399,000 2STOREY DETACH 4 5
1350623 139 INGERSOLL CRES $1,424,900 2STOREY DETACH 5 3
1345728 348 ABBEYDALE CIR $1,450,000 2STOREY DETACH 5 5
1352289 60 ROSENFELD CRES $1,495,000 2STOREY DETACH 4 4
1352517 15 KANATA ROCKERIES PVT $1,495,000 2STOREY DETACH 4 5
1352529 65 IRONSIDE CRT $1,499,000 2STOREY DETACH 5 3
1345689 1098 BLANDING ST $1,539,000 2STOREY DETACH 4 5
1347414 525 BRECCIA HTS $1,548,000 2STOREY DETACH 5 5
1349077 44 IRONSIDE CRT $1,625,000 2STOREY DETACH 4 4
1351597 3 GOULDING CRES $1,685,000 2STOREY DETACH 4 3
1349776 65 WALDEN DR $1,750,000 2STOREY DETACH 6 5

Homes for sale in Kanata – Homes for sale in Ottawa

 

 

Count on us to provide you with the true value. This free service will ensure you make an informed decision for your next home purchase in Kanata.

ASK FOR OUR FREE “PROPERTY REPORT ON VALUE AND COMPARABLE”.

 

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OTTAWA REAL ESTATE MARKET UPDATE – MAY 2023 – HOMES FOR SALE IN OTTAWA -HOMES FOR SALE IN KANATA – HOME PRICES IN OTTAWA

MAY 3, 2023

Resale Market Springs Back in Favour of Sellers

Average prices have increased by 13.9% in four months!

Low inventory, not enough listings.

Source: OREB

May 2023, Ottawa Real estate Market update.

NUMBERS SOLD: The members Ottawa Real Estate Board (OREB) sold 1,488 residential properties in April through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,876 in April 2022, a decrease of 21%.

SALES NUMBERS DOWN: Sales included 1,156 in the freehold-property class, down 18% from a year ago, and 332 in the condominium-property category, a decrease of 29% from April 2022. The five-year average for total unit sales in April is 1,739.

RESALE UPWARD TREND: “Ottawa’s resale market is on a steady upward trajectory, narrowing the comparison gap to peak pandemic activity in 2022.

LOW INVENTORY – NOT ENOUGH NEW LISTINGS: New listings not keeping pace, the available housing stock is declining, and with less than two months of inventory — “we’re back into seller’s market territory,” says Ottawa Real Estate Board President Ken Dekker.

By the Numbers – Average Prices*:

  • Average prices have increased by 13.9% in four months since the market low in December 2022.

  • The average sale price for a freehold-class property in April 2023 was $747,123, a decrease of 10% from 2022. However, it marks a 5% increase over March 2023.
  • The average sale price for a condominium-class property was $435,875, decreasing 8% from a year ago, but still a 4% gain over March 2023.
  • With year-to-date average sale prices at $718,633 for freeholds and $421,722 for condos, these values represent a 13% decrease over 2022 for freehold-class properties and a 10% decrease for condominium-class properties.

Upward pressure on sales prices continues with average prices increasing for the fourth month since the market low in December.

MULTIPLE OFFERS: Additionally, multiple offer situations have returned to certain neighbourhoods and overall days on market are maintaining their downward trend. There continues to be low inventory in certain property classes and new product is coming to the market at a slower rate, which is affecting supply.”

By the Numbers – Inventory & New Listings:

  • April’s new listings (2,144) were 25% lower than April 2022 (2,843) and up 3% from March 2023 (2,089). The 5-year average for new listings in April is 2,575.
  • Months of Inventory for the freehold-class properties has increased to 1.9 months from 0.9 months in April 2022 but down from 2.3 months in March.
  • Months of Inventory for condominium-class properties has increased to 1.9 months from 0.8 months in April 2022, although down from 2.1 months in March.
  • Days on market (DOM) for freeholds decreased from 34 to 27 days and 39 to 33 days for condos compared to last month.

“These numbers are static, snapshots in time. REALTORS® can give buyers and sellers a fulsome day-to-day picture of how the market is shifting and heating up this season. They have their fingers on the pulse of each neighbourhood in the city and can help buyers and sellers make localized, strategic, data-informed decisions.”

REALTORS® also help with finding rentals and vetting potential tenants. Since the beginning of the year, OREB Members have assisted clients with renting 2,151 properties compared to 1,786 last year at this time, an increase of 20%.

* OREB cautions that the average sale price can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The calculation of the average sale price is based on the total dollar volume of all properties sold. Price will vary from neighbourhood to neighbourhood.

Call today for free one-on-one market update on Buying or Selling a home.


 

Thank you for your trust!

Selling and Buying a home made easy!


Price changes: May 2023 report

 

Price Range Sales volume: May 2023 report

 

CONDOS Price Changes: May 2023 report

 

RESIDENTIAL Price Changes: May 2023 report

 

NEW LISTINGS are down this week – this means low inventory : May 2023 report

When inventory is low, prices go up. Look at the light blue line, slowly moving upwards, as we get more listings on the MLS market, but not as 2022 volume.

660 listed properties this week, compared to 2022 of 800-1000 listings range.

Low supply means only one thing…prices go up!

 

RESIDENTIAL AND CONDO Price Changes: May 2023 report

Look at the light blue line, slowly moving upwards in Sale Prices.

 

PRICES ARE MOVING BACK UP ACCORDING TO THE OTTAWA REAL ESTATE BOARD, MAY 2023 REPORT.

 


THESE ARE SOME OF THE 

MORTGAGE RATE I’M SEEING, MAY 2023 REPORT.



 

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Residential in Ottawa Real Estate shows -15% Down from last year Average price – Ottawa Homes for Sale – Kanata homes for sale – Barrhaven homes for sale

Residential in Ottawa Real Estate shows -15% Down from last year Average price – However, it marks a 5% increase over January 2023.

Resale Market Stabilizes in February with a Glimmer of Hope for Buyers and Sellers Alike!

OREB NEWS

March 3, 2023

Members of the Ottawa Real Estate Board (OREB) sold 855 residential properties in February through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,411 in February 2022, a decrease of 39%. February’s sales included 633 in the freehold-property class, down 42% from a year ago, and 222 in the condominium-property category, a decrease of 31% from February 2022. The five-year average for total unit sales in February is 1,157.

“We’re going to see declines in transactions and prices when we compare current figures to last February — the height of the pandemic resale market activity,” says Ottawa Real Estate Board’s President Ken Dekker. “On the other hand, with the Bank of Canada holding interest rates steady, prospective buyers have more budget certainty to work with as we head into the spring market.”

By the Numbers – Average Prices*:

  • The average sale price for a freehold-class property in February was $708,968, a decrease of 15% from 2022. However, it marks a 5% increase over January 2023.
  • The average sale price for a condominium-class property was $410,927, decreasing 12% from a year ago.
  • With year-to-date average sale prices at $695,086 for freeholds and $411,449 for condos, these values represent a 14% decrease over 2022 for freehold-class properties and a 10% decrease for condominium-class properties.

“The average price increase for freeholds over January could be an indicator that buyers have normalized to the current interest rates. And perhaps, it’s a glimmer of more activity to come in the months ahead.”

By the Numbers – Inventory & New Listings:

  • Months of Inventory for the freehold-class properties has increased to 2.8 months from 0.7 months in February 2022.
  • Months of Inventory for condominium-class properties has increased to 2.5 months from 0.7 months in February 2022.
  • February’s new listings (1,366) were 22% lower than February 2022 (1,762) and up 3% from January 2023 (1,323). The 5-year average for new listings in February is 1,632.
  • Days on market (DOM) for freeholds decreased from 43 to 37 days and 47 to 43 days for condos compared to last month.

“A decrease in the days on market, paired with fewer new listings entering the market, is good news for sellers,” says Dekker. “However, if that trend continues to impact our supply stock and we don’t get more inventory, our otherwise balanced market could swing back into seller’s territory — but it’s too early to predict.”

“The best advice for sellers and buyers in today’s market is to pay close attention to the comparison and competition insights only a REALTOR® can offer. Ottawa is made up of many micro-markets, and neighbourhood-level data is vital to standing out and closing deals.”

REALTORS® also help with finding rentals and vetting potential tenants. Since the beginning of the year, OREB Members have assisted clients with renting 995 properties compared to 800 last year at this time, an increase of 24%.

 

 

Details:

Average Sale Price February 2023= from $708,172 down to $620,088 (-12.4% down)

Quantity of sales: 2471 down to 1513 in Feb 2023 (-38% down)

CDOM= Re-listed : Days on Market from 27 to 69 days ( more days on market:  +42 days)

DOM= Days on Market – from 19 days TO 44 days longer in 2023 ( more days on market:  +25 days)

 

 

 

 

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Ottawa Real Estate Market news Feb 2023 – Kanata Real Estate Market news Feb 2023 – Join our newsletter

February 2023 – Resale Market Starts Slow as Buyers Remain Cautious

February 2, 2023

Members of the Ottawa Real Estate Board (OREB) sold 606 residential properties in January through the Board’s Multiple Listing Service® (MLS®) System, compared with 933 in January 2022, a decrease of 35%. January’s sales included 460 in the freehold-property class, down 30% from a year ago, and 146 in the condominium-property category, a decrease of 47% from January 2022. The five-year average for total unit sales in January is 819.

“January’s marked slow down in unit sales over 2022 indicates potential home buyers are taking their time,” says OREB President Ken Dekker. “While last month saw the culmination of the succession of interest rate hikes announced by the Bank of Canada, affordability remains a factor. They may be waiting for a shift in listing prices. They’re being cautious in uncertain conditions.”

By the Numbers – Average Prices*:

  • The average sale price for a condominium-class property in January was $412,244, a decrease of 8% from 2022.
  • The average sale price for a freehold-class property was $676,272, decreasing 12% from a year ago.

“Despite the decrease in average prices, the market should not be considered on a downward slide,” says Dekker. “A hyper COVID-19 seller’s market is now leveling out to our current balanced market state.”

“On a positive note, in comparison to December’s figures, January’s average price of freehold properties increased by 3%. The average price of condos did fall by 5% compared to December but condo pricing tends to fluctuate more due to the small data set.”

By the Numbers – Inventory & New Listings:

  • Months of Inventory for the freehold-class properties has increased to 3.8 months from 0.9 months in January 2022.
  • Months of Inventory for condominium-class properties has increased to 3.8 months from 0.8 months in January 2022.
  • January’s new listings (1,324) were 16% higher than 2022 (1,142) and up 89% from December 2022 (699). The 5-year average for new listings in January is 1,233.

“Ottawa’s inventory and days on market figures are typical for a balanced market and another sign that buyers are no longer racing to put in an offer,” says Dekker. “The increase in new listings and supply is a boon for home buyers, who now have more selection and the ability to put in conditions at a less frantic pace. REALTORS® are an essential resource in finding the right property for the right buyer. On the other side of the transaction, REALTORS® can help sellers with hyper-local insights about how to sell in their neighbourhood at a time when pricing is key.”

More people are turning to REALTORS® for help renting properties — 509 this month compared to 410 in January 2022, an increase of 24%. “Even with the increase in housing stock, the tighter rental market is another indication that affordability is keeping some potential buyers on the sidelines.”

* OREB cautions that the average sale price can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The calculation of the average sale price is based on the total dollar volume of all properties sold. Price will vary from neighbourhood to neighbourhood.

 

 

Market Prices Sold and Changes

2022 AWARD WINNER FOR SALES AND CUSTOMER SATISFACTION

Thank you for your trust and referrals!

 


 

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THANK YOU ! Award winner 2022 – Customer Satisfaction and Sales – Thank you to all my clients.

Thank you !!Thank you!!!
To all my clients for your trust, your business, your referrals!!!
2022 Real Estate sales award at my Brokerage office!!!
Top Sales and Customer Satisfaction Award!!!
I’m included in the #1s in something that I love doing!! Helping others focus on Real Estate buying a home or wealth building.
Award for top sales in 2022!!!
Yeah!!!!….I am among the #1 group of highest earning individual agent in my Real Estate brokerage Ontario wide!
Working on getting back to a healthier me after my car accident in 2018, this award feels amazing to hold!!
In 2022, I was able to help more first time buyers, upsizers, down sizers, and investors this past year than the last 5 years due to my accident. I also continue to help needy families in the Amazon Rainforest areas of Suriname and Guyana, by donating a percentage to their needs monthly with my clients help. It’s a real passion of mine the Amazon Rainforest survival, and I help them not to cut down the Amazon Rainforest trees, an eco system that is very special to me.
This year has lots to be thankful for friends. My career enables me to give and to help others and that’s a true gift to appreciate.
I really appreciate everyone that has referred me as a Realtor, my friends and family this past year and in the hope you will continue to do so for years to come.
As a Realtor, the studies and legal updates are endless, but it’s all worth it when you get these Awards of Top Customers Satisfaction. I know that for most people, their house is their largest asset and their trust in me means a lot. So I stay sharp in Real estate law studies they are a constant change and being responsible to my clients is paramount to me.
I’ve been truly blessed with great friends, family, and nice clients. My career is enjoyable!!!
I also have an amazing Real Estate office at Solid Rock Realty. I’ve been very lucky to get a supportive broker and her team.
My colleagues are very supportive of me, as we all share tips throughout the office, and the constant learning helps us to become better at what we do, and how to offer our best to our clients.
BIG THANKS again to all of you who supported me and referred me to your family and friends.
What an Amazing Award for 2022!!!🔑 I’m very proud of myself getting this 🙏🏼🙏🏼
🎉
Again…Thank you all in advance for the future referrals….
2023 will be another successful year and great opportunities!
God Bless🙏🏼

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BUY YOUR 1ST HOME WITH YOUR RRSPs – Ottawa homes for sale 2023 – Ottawa real estate news

How to participate in the Home Buyers’ Plan (HBP)

No obligation. No cost to have the answers explained to you. 

 

Easy ways to buy a Home in Ottawa.Homes for sale.

 

The Home Buyers’ Plan (HBP) is a program that allows you to withdraw funds from your Registered Retirement Savings Plans (RRSPs) to buy in Ottawa or build a qualifying home for yourself or for a related person with a disability. The HBP allows you to pay back the withdrawn funds within a 15-year period.

Buyer Questions:

Can I buy my home with my RRSPs? Yes

Can I borrow my downpayment (deposit) to buy a home in Ottawa?  Get all the answers.

Will John help me and take the time to show me step by step? Yes

Call for our 30 minutes FREE consultation with no obligation.

PROFESSIONAL HELP IS ON IT’S WAY….

BOOK YOUR FREE 30 MINUTES CONSULTATION MEETING AND RECEIVE A :

FREE BUYERS GUIDE – IT SHOWS YOU STEP-BY-STEP BEFORE YOU BUY A HOME IN TODAYS MARKET, WHAT TO PLAN FOR AND WHAT TO EXPECT.

HOW TO GET THE BEST PRICE. WHAT TO LOOK FOR BEFORE BUYING A HOME, ITS STRUCTURE. HOW TO AVOID COMMON MISTAKES. HOW TO OFFER YOUR PRICE… ECT

 

RECEIVE A CURRENT LIST OF HOMES THAT FITS YOUR BUDGET DAILY.

 

CALL JOHN TODAY  AND START OWNING YOUR 1ST HOME!

 

Home Buyers’ Plan (HBP)  link

 

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DEC 2022 – Year-to-date average sale prices – residential and condominiums, values represent an 8% increase over 2021 – OTTAWA HOMES FOR SALE

STILL WAITING TO BUY YOUR HOME?

Market stats show an +8% increase over 2021. Interest rates are still lower than this year-to-year Ottawa real estate market increase %. That means, there is still profit in the market of about 3-4% yearly for you to make. Ask me to teach you about leveraging and mortgage % when buying a home in Ottawa.

Real Estate news in Ottawa.

With year-to-date average sale prices at $774,422 for residential units and $454,436 for condominiums, these values represent an 8% increase over 2021 for both property classes

 

Real estate questions in Ottawa. Get the answers: Ottawa real Estate tips.

How does leveraging work in Real estate?

How to leverage to gain profits % when buying a home in Ottawa.

How to make sure your investment funds are insured when buying a home in Ottawa.

Get all the answers. Free consultation.

 

 

 

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Resale Market’s Adjustment and Correction Continues Residential 2 Storey homes down -4.3%

Taking a closer look at Ottawa home prices for November 2022. Down -4.3%

As we take a closer look at these November 2022 Real Estate prices below and above. We are seeing a 2 storey home selling for less this month. Listing a higher price, but Selling Less. The average price has dropped to (-4.3%) and homes are staying longer on the market.

So let’s look even closer:
Year to date chart: November 2022 to November 2023 prices are UP +8.7% for that same average price on the same home. The way we are seeing things..is that more or less we are entering into a Normal Market +4%to 5% per year increases as per normal before 2015. Everyone at my brokerage thinks, home prices in Ottawa went up too aggressively and now the party is over in Toronto and now in Ottawa!

We don’t think Double digits profit and these aggressive increases per year in the Ottawa Real Estate market is a healthy market.

Lets talk a bit about supply:
New Homes Supply is still very low and will continue to create demand and that means you pay more. See Condos went up 9.3% this month because of affordability and a lack of homes. Over Supply of homes are also not good, and that was the case in the US HOUSING CRASH around 2008 it stalled or crashed most economies including Canada.

Construction and Renovation a difficult permit process.
I would say, we do need to get more homes constructed right now, and building a home should be made much much easier.  But it seems today you need a University Degree to deal with the building departments for the Construction of a family home. Apparently my grandfather grade 8 education is no good in our times. With his hand drawings or ruler and pencil wouldn’t work today to get a permit and he constructed 100s of homes as a carpenter, and he had 9 children all educated and fed well. Some people can only afford 1 child. What is wrong with our system in 2022? It simply broken with greed and we are seeing life keeps getting more expensive, harder and more controls placed upon us. It’s impossible building a home or renovation for an apartment in your basement, or building a sons home at the back on your 5 acre land . Our permit system is designed to stop us from building homes. All construction approval is controlled by a few, just like oil.

Conclusion: How about if the city would design 5-10 home models (standard family homes) for you to chose from, free of charge and ready to go, engineered stamped and approved drawings, with all technical drawing stamped for insurance.  All designed and Ready for a person to build his/her home on a piece of land. Wouldn’t that be cheaper for the citizen and our kids to build a home? Wouldn’t that ready to go models stop all this red tape, delays, paperwork dance, back and forth approval drawings, months of planning? Just my thoughts on helping people get a home faster! I also think the government should be more involved in the home building for its citizens in 2022 as many developing countries do and since we all now know we have a supply problem.

Did you know: In the last 10 years Builders were only releasing to build a few homes at a time, and selling them in an Auction Sales day Now!! 10 homes for a 100 buyer and you bid. First release Sales day! Prices will continue to climb aggressively if we don’t address these lack of new home supply issues soon. That’s just my thoughts.

Have a super month and remember investing in a property is always a good investment. Ask your parents what they paid for a home and see the future prices unfold.

Investment and opportunity

Let me help you to Build family Wealth in Real Estate. Join me one evening and let me show you where to invest in Real Estate for a wealthier family future.

Contact me anytime,

John

 

Just Sold

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October 2022 – Ottawa real estate market price – Slow down or stall – OTHAWA HOMES FOR SALE

 

Ottawa Real Estate News 21st October 2022 – Market slows to 0.5% per month.

Ottawa Average Home prices was up from Nov 2021 to Oct 2022 by 9.4% more, this past month shows 0.5% increase. Average price $703,000 on a residential freehold property and Condos show $425,000.

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Free Home Evaluation, Ottawa Homes for Sale – Know your price before you sell. 

 

This chart shows the Ottawa area states of sold prices.

 

Average Prices per week

Listed prices vs SOLD Prices

Free Home Evaluation – Ottawa Homes for Sale

Know your price before you sell.

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