Real Estate Blog - Agent In Ottawa

April 14, 2021

Mortgage Market, Rates and Stress Test changes, April 2021

Mortgage Market Update and News about the Qualifying Stress Test rate increase

Eric Fabien from OttawaMortgaeShop.com gives us an update regarding the new stress test for qualifying for a mortgage, as well as giving us the current rates for a variable and fixed rate mortgage.

  • Variable Rate Mortgage Today: 1.35%
  • 5 year Fixed Rate Mortage Today: 1.94%

Time Stamps:

0:00 Intro

0:15 Mortgage Rate Increases for fixed rates, variable still aggressive

0:55 Rumours of the Qualifying rate moving up to 5.25%, from 4.79%

1:24 The impact of the new stress test on a $400,000 mortgage

2:30 Impact on a $500,000 mortgage scenario

2:43 Impact on a $600,000 mortgage scenario 2:55 Summary

Contact Eric Fabien:

613-899-5131  -  eric@ottawamortgageshop.com

April 6, 2021

West Carleton Real Estate Market Update - March 2021

These real estate statistics are for the larger area to the far west of Ottawa, known as West Carleton

Paul Royce gives us the real estate statistics for the West Carleton areas. This includes Carp, Kinburn, Dunrobin Shores, Crown Point, Constance Bay, Buckhams Bay, Maclarens Landing and Fitzroy Harbour.

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April 2, 2021

8 Unit Building Sold in March 2021

Financials from the sale of this 8 Unit multi family property

This property had 8 units, it was a mix of bachelor, 1 and 2 bedroom apartments and one commercial. It was fire retrofit. It was located in West Centre Town.

This property was listed for $1,699,000 and sold for 1,520,000, it had 7 residential apartments and one commercial unit.

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March 17, 2021

Current Mortgage Market, rates and buyer questions

Marc Menard from OttawaMortgageShop.com gives us an update on current mortgage rates and answers questions that buyers ask most often.

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Posted in Mortgage Updates
March 17, 2021

Who sets mortgage rates and do bonds affect rates?

Who sets the mortgage rates and what influences the current rates we see?

Eric Fabien from OttawaMortgageShop.com talks to Patrick Walchuk and they discuss who sets the mortgage rates, how they set them and what influences the changes in mortgage rates.

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Posted in Mortgage Updates
March 12, 2021

Orleans Neighbourhoods Compared March 2021

Compare house prices and how they've changed in Orleans Neighbourhoods.

These stats are for the last 90 days till March 13th, 2021 and we are comparing with the same period in 2019. Find out which area had the most sales, where the highest priced sales were and which one had the highest increase in price.

  • Most Sales: Avalon saw 121 homes sell
  • Highest Average Selling Price: Cardinal Creek and Camelot at $799,500
  • Largest Price Increase: Queenswood Heights/Bilberry Creek, up 42.5%
  • Fastest sales: Cardinal Creek/Camelot homes sold in an average of just 6 days

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March 12, 2021

Kanata Neighbourhoods Compared March 2021

Compare house prices and how they've changed in Kanata's Neighbourhoods.

These stats are for the last 90 days till March 13th, 2021 where we are comparing with the same period last year. Find out which area had the most sales, where the highest priced sales were and which one had the highest increase in price.

  • Most Sales: Emerald Meadows/Trailwest had 101 home sales
  • Highest Average Selling Price: Kanata lakes had highest price at $884,094
  • Largest Price Increases:  Beaverbrook saw a 54% increase
  • Fastest sales: Morgans Grant homes sold in just 5 days

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March 10, 2021

Neighbourhoods with best stats 2020

2020 house prices in ottawa neighbourhoods recap

Which neighbourhoods had the highest average prices and the biggest increase in price in 2020?

This blog post is taking a look at the larger communities throughout Ottawa and showing you which neighbourhood had the highest sales price for that communty, as well as which had the buggest increase in price over the previous year.

Central

Most expensive homes sold were in the Glebe and Dows Lake areas, average price of $997,407

The biggest increase in price was in Lowertown at 26%

East

Most expensive homes sold were in Rockcliffe Park, average price of $1,914,863

The biggest increase in price was in CFB and area at 36.2%

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March 5, 2021

Vanier 6 unit building, sold in February 2021

Financial breakdown on this sale from the Vanier Neighbourhood.

This building was listed for $1,090,000 and it sold for the full asking price. We are not sure if this property was fire retrofitted. It has a Cap Rate of 3.42% and a cash flow of $1260 with a 35% downpayment of $381,500.

If you want to buy or sell any type of Income Property, get in touch with Patrick Walchuk.

The image below displays all the finances from this sale.

Feb. 17, 2021

Barrhaven Neighbourhoods compared Feb. 2021

Compare house prices and how they've changed in Barrhaven's Neighbourhoods.

These stats are for the last 90 days till February 16th, 2021 and we are comparing with the same period last year. Find out which neighbourhood within Barrhaven had the most sales, where the highest priced sales were and which one had the highest increase in price.

For all of Barrhaven, in the last 90 days there were 311 home sales, that's compared to 201 last year, up by over 50%!

  • Most Sales: Half Moon Bay saw 57 home sales versus 26 last year
  • Highest Selling Price: Cedarhill and Orchard Estates had a sale of $1,519,500
  • Largest Price Increase: Chapman Mills/Davidson Heights prices up 40.3%
  • Fastest sales: Hearts Desire homes took just 4 days to sell

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