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Category: <span>OTTAWA NEW HOME FOR SALE</span>
Now is the time…the time to start looking at buying before Spring 2025. Rates are going down faster than expected, and variable rates are making it happen for most buyers. Some buyers will get 30 year to pay off their mortgage come December we are told. The news says, that rates are going to keep dropping , but when this happened last few years back… the market became more expensive and prices went up drastically.
Oct 2024 Report – Please feel free to reach-out should you have any questions.
PLAY – full video report
Hi John,
I wanted to share some exciting updates that have come out recently:
- Insured Mortgages
- Down Payment Requirements
- OSFI’s New Offering – NO MORE STRESS TEST
- Upcoming Changes: Starting November 21st, we can switch clients without having to qualify 200 basis points above the contract rate. This will increase competition and potentially free up the real estate market.
Overall, these changes are positive for the Ottawa and Kanata housing market and offer more options for borrowers. I believe we’re headed towards a late-year surge with lower rates and a slight increase in real estate prices.
Want to learn more and start looking at getting your first home?
Contact me:
No fees for buyers
Homes for sale in Ottawa
Homes for sale in Kanata
LET ME SHOW YOU A “FREE HOME EVALUATION” SIMILAR TO THIS – ESTIMATING THE PROPER VALUE OF A PROPERTY ON IRIS ST. OTTAWA
Example only:
IRIS ST OTTAWA HOME PRICES
HOME PRICES ON IRIS ST. OTTAWA
| Address | Sold Price | Sold Date | Style | Type | BdsAG | Bds | Bths | #Gar |
| 2403 IRIS ST | $557,500 | 2024-05-29 | SEMIDET | BUNGLOW | 3 | 3 | 2 | 0 |
| 2380 IRIS ST | $540,000 | 2024-05-15 | SEMIDET | BUNGLOW | 3 | 3 | 2 | 0 |
| 2419 IRIS ST | $619,000 | 2023-06-16 | SEMIDET | BUNGLOW | 3 | 5 | 2 | 1 |
| 2394 IRIS ST | $562,500 | 2023-04-06 | SEMIDET | BUNGLOW | 3 | 3 | 2 | 0 |
| 2399 IRIS ST | $577,000 | 2022-09-29 | SEMIDET | BUNGLOW | 3 | 3 | 2 | 0 |
| 2411 IRIS ST | $635,000 | 2022-08-24 | SEMIDET | BUNGLOW | 3 | 4 | 2 | 0 |
| 2418 IRIS ST | $690,000 | 2022-06-09 | SEMIDET | BUNGLOW | 3 | 6 | 2 | 0 |
| 2357 IRIS ST | $651,000 | 2022-03-10 | SEMIDET | BUNGLOW | 3 | 3 | 1 | 0 |
| 2434 IRIS ST | $656,100 | 2022-02-02 | SEMIDET | 2STOREY | 3 | 3 | 2 | 0 |
| 2239 IRIS ST | $575,000 | 2021-10-31 | SEMIDET | 2STOREY | 3 | 3 | 2 | 1 |
| 2361 IRIS ST | $575,000 | 2021-08-11 | SEMIDET | BUNGLOW | 3 | 3 | 2 | 0 |
| 2240 IRIS ST | $325,000 | 2019-08-08 | SEMIDET | 2STOREY | 3 | 3 | 1 | 0 |
| 2427 IRIS ST | $239,900 | 2017-10-23 | SEMIDET | BUNGLOW | 3 | 3 | 1 | 0 |
| 2416 IRIS ST | $325,300 | 2016-11-22 | SEMIDET | BUNGLOW | 3 | 3 | 2 | 0 |
| 2411 IRIS ST | $312,000 | 2016-11-10 | SEMIDET | BUNGLOW | 2 | 2 | 2 | 0 |
| 2382 IRIS ST | $303,000 | 2016-01-21 | SEMIDET | BUNGLOW | 3 | 4 | 2 | 1 |
| 2422 IRIS ST | $302,000 | 2014-07-20 | SEMIDET | BUNGLOW | 3 | 3 | 2 | 0 |
| 2400 IRIS ST | $282,500 | 2011-12-11 | SEMIDET | BUNGLOW | 3 | 3 | 2 | 0 |
| 2238 IRIS ST | $290,000 | 2011-10-03 | SEMIDET | 2STOREY | 3 | 4 | 2 | 0 |
| 2396 IRIS ST | $284,000 | 2011-09-14 | SEMIDET | BUNGLOW | 3 | 4 | 2 | 0 |
| 2247 IRIS ST | $320,000 | 2011-06-10 | SEMIDET | 2STOREY | 3 | 3 | 2 | 1 |
| 2412 IRIS ST | $272,000 | 2010-07-26 | SEMIDET | BUNGLOW | 3 | 4 | 2 | 0 |
| 2413 IRIS ST | $269,000 | 2009-10-02 | SEMIDET | BUNGLOW | 3 | 5 | 2 | 0 |
| 2419 IRIS ST | $264,300 | 2009-06-15 | SEMIDET | BUNGLOW | 3 | 5 | 2 | 1 |
| 2397 IRIS ST | $190,000 | 2009-02-18 | SEMIDET | BUNGLOW | 2 | 2 | 1 | 0 |
| 2415 IRIS ST | $227,500 | 2008-11-11 | SEMIDET | BUNGLOW | 3 | 3 | 1 | 0 |
| 2393 IRIS ST | $245,000 | 2008-06-04 | SEMIDET | BUNGLOW | 3 | 3 | 2 | 0 |
| 2421 IRIS ST | $213,000 | 2007-03-21 | SEMIDET | BUNGLOW | 3 | 3 | 1 | 0 |
| 2419 IRIS ST | $205,000 | 2006-11-26 | SEMIDET | BUNGLOW | 3 | 3 | 2 |
REQUEST A FREE HOME EVALUATION OF IRIS ST. OTTAWA
HOMES FOR SALE ON IRIST ST. OTTAWA –
2380 IRIS ST, OTTAWA, ONTARIO, K2C-1C6
IRIS ST, OTTAWA, ONTARIO, K2C-1C6
IRIS ST, OTTAWA, HOMES FOR SALE
K2C HOMES FOR SALE
OTTAWA HOME GUIDES
THINKING OF BUYING A HOME ON IRIS ST. OTTAWA?
Feb 2024 is a great time to sell
We have just seen a +14% increase since 2023 lowest price. Single family Homes in Ottawa prices Feb 15 2024. Detached 3 bedrooms home just went up +14.6% from 2023 prices.
source: oreb stats
Ottawa Real Estate Prices for 2024: Prices are going up 1.6% on a year-over-year
The OREB MLS OF Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures.
- The overall benchmark price was $628,900 in November 2023, nearly unchanged, up only 1.4% from November 2022.
- The benchmark price for single-family homes was $708,900, up 1.6% on a year-over-year.
- By comparison, the benchmark price for a townhouse was $492,300, nearly unchanged, up 0.8% compared to a year earlier.
- The benchmark apartment price was $424,300, up 1.2% from year-ago levels.
- The average price of homes sold in November 2023 was $633,138, decreasing 0.8% from November 2022. The more comprehensive year-to-date average price was $669,536, a decline of 5.7% from 11 months of 2022.
- The dollar value of all home sales in November 2023 was $458.4 million, down 2.4% from the same month in 2022.
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.
LOW INVENTORY IN THE OTTAWA REAL ESATE MARKET JAN 2024
Still plague Market and causes prices to increase once again.
Buying a Brand new home Q and A.
Questions you should ask before Buying a Brand new home in Ottawa: Sept 2023
Builder Agreements should include details such as:
PDI – Date
Assignment clause: a must
Evaluation of home value (Appraisal – you should pay for one)
Deposit Structure: Can you get a better deposit structure
Mortgage approval – a must
Pre-approval – a must
Insurance clause – a must
Location:
Flooding topography
Hwy access
Hydro box green
Road T
SITE PLAN disclosure – commercial or other future development, check with the city
Backing on to graveyards or other
WHAT FUTURE DEVELOPMENT WILL HAPPEN AROUND THE HOME is very import to value
Shopping close
Schools
Bus stops
Structure:
Model
Sqft cost
List of actual finishes
Design
Floor plan
How long is your Tarion Warranty, and what is under warranty and for how long?
Upgrades list and value $
Builder Insurance coverage
(* for information only – buyers need legal advice or to work with an agent)
Ottawa homes for sale
Kanata Homes for sale
Orleans homes for sale
Barrhaven homes for sale
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