Lynn Elias Photography

https://www.mortgagesandbox.com/ottawa-real-estate-forecast

Realtors, are you looking for a unique gift for your homeowners? Local artist Catherine Willis-O'Connor will paint an original watercolour painting of your client's home or property. https://cwillisoconnorfolkart.weebly.com/ https://cwillisoconnorfolkart.weebly.com//img-2595_orig.jpg

https://obj.ca//ottawa-poised-dodge-housing-slump-2020-res

Ottawa Real Estate market, April 2020, during the covid-19 pandemic. https://www.cbc.ca//covid-19-real-estate-ottawa-sellers-ma

Via the Ottawa Real Estate Board May 2020: Listing Data Checker Update: Real Estate Pivots in the Age of Covid-19 OTTAWA, May 5, 2020 ... Members of the Ottawa Real Estate Board sold 913 residential properties in April through the Board’s Multiple Listing Service System, compared with 2,025 in April 2019, a decrease of 55 per cent. April’s sales included 700 in the residential-property class, down 56 per cent from a year ago, and 213 in the condominium-property category, a decrease of 51 per cent from April 2019. The five-year average for April unit sales is 1,692. While the Ottawa real estate market statistics for April come as no surprise, they are a stark contrast to the previous month and the year-over-year figures for April 2019, states Ottawa Real Estate Board President Deb Burgoyne. I am proud to say, our Members have rapidly adapted to following the State of Emergency guidelines and are limiting work activity to assisting those who must sell and/or buy during this pivotal time - while keeping the health risk to all parties to a minimum. April’s average sale price for a condominium-class property was $327,813, an increase of 6.3 per cent from this time last year while the average sale price of a residential-class property was $521,694, an increase of 6.8 per cent from a year ago. Year to date figures show a 15.1 per cent and an 18.5 per cent increase in average sale prices for residential and condominiums, respectively.* Sales Chart (see image below) While the number of unit sales has decreased substantially, residential prices are still holding their own and are up over last year’s figures, with properties often selling above the asking price, Burgoyne reports. There is still a holdover of pent-up demand in our marketplace. We believe that when the market opens up again, although it won’t be business as usual, sales will rebound and make up for the decline the spring market has experienced, she adds. Our Members have been adjusting and retooling the way real estate is conducted. They are finding new ways to market properties and provide options for viewings using technology such as live streaming open houses, posting virtual tours, and holding virtual showings, etc. These adaptations are key in mitigating risk for all parties and will certainly continue to be necessary as things normalize in the city and our working environment. If you are a potential home buyer or seller, and in a situation where it is essential that you buy or sell a property right now, there are means to do this in a safe and prudent manner. Do not hesitate to contact a REALTOR to discuss, plan and protect you through this unique period, recommends Burgoyne. In addition to residential and condominium sales, OREB Members assisted clients with renting 947 properties since the beginning of the year compared to 778 at this time last year. * The Board 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 and conditions will vary from neighbourhood to neighbourhood. Ottawa Real Estate Board Copyright 2020 - All Rights Reserved Information located on this site is from sources believed to be reliable but should not be relied upon without verification. The Ottawa Real Estate Board assumes no responsibility for its accuracy.

A blog about post-war apartment building in Ottawa. http://urbsite.blogspot.com//from-triplex-to-tower-ottawa-

January Resales Lose Momentum February 5, 2020 Members of the Ottawa Real Estate Board sold 780 residential properties in January through the Board’s Multiple L...isting Service System, compared with 817 in January 2019, a decrease of 4.5 per cent. January’s sales included 558 in the residential-property class, down 8.4 per cent from a year ago, and 222 in the condominium-property category, an increase of 6.7 per cent from January 2019. The five-year average for January unit sales is 713. 2020 is off to a slower start as the shortage of inventory is now impacting market momentum, states Ottawa Real Estate Board’s President Deborah Burgoyne. Although we have higher sales than the five-year average, due to increased condo sales, the persistent supply challenges seem to have finally caught up with us. Furthermore, the number of new listings that came on the market in January (1,082) is well below the average (1,651). We don’t expect this trajectory to change anytime in the foreseeable future, Burgoyne acknowledges. The supply chain needs to be buffered at all points along the continuum from first-time and move-up buyers, to downsizing boomers as well as renters. They are all interconnected links in the housing chain. January’s average sale price for a condominium-class property was $338,077, an increase of 19.1 per cent from last year while the average sale price of a residential-class property was $516,229, an increase of 19.3 per cent from a year ago. Compared to last month, however, the average price for residential-class properties increased by a modest 3.2 per cent and the average price for condominium-class units was 8.8 per cent higher.* The Board’s Housing Price Index (HPI), which is another data point of price trends based on the specific housing stock in neighbourhoods, indicates that the overall benchmark price for Ottawa has increased by approximately 13.75% from last year. The most active price range in the condominium market was $200,000 to $349,999, accounting for 55 per cent of the units sold while $400,000 to $549,999 represented the most prevalent price point in the residential market, accounting for 40 per cent of January’s transactions. The fact is Ottawa’s market has always been steadily increasing at a reasonable pace and is sustainable. If buyers are waiting for prices to decline, based on historical trends, it’s not likely, Burgoyne cautions. Although supply may pick up eventuallyif you need to get into the market, don’t wait. It’s a challenging market for everyone. Hire a trusted professional to ensure you are protected and well informed in your home buying or selling transaction. In addition to residential sales, OREB Members assisted clients with renting 243 properties in January 2020 compared with 169 in January 2019. * The Board 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 and conditions will vary from neighbourhood to neighbourhood.

Curvy homes. I'd like to visit each and every one. https://www.dwell.com/article/curvy-modern-homes-4a8fe243

Record-Breaking 2019 Closes Out Decade https://bit.ly/2QUL7iU

Are you looking for a neat memento for your client? How about a b&w photo of their home on a metal ornament? Locally made at The Silver Shingle!

https://ottawacitizen.com//outside-the-lrt-zone-a-housing-?

Lovely kitchen at 360 West Ridge, in Stittsville. Listed with David Armstrong, David Armstrong, Broker of Record - Century 21 John DeVries Ltd.

New plan in the federal budget could help first time home buyers, but with a cost down the road. Repayment is not clear "The budget is far from clear on how much the buyer would owe; is it the same dollar amount the CMHC provided up front, or does the bill go up based on how much the house has appreciated in value?"... https://www.cbc.ca//busi/budget-cmhc-home-buyers-1.5063204

Ottawa Real Estate market expected to remain strong in 2019. https://www.livabl.com//canadian-real-estate-markets-stron

A glimpse into 10 extraordinary homes around the world. I would like to visit them all. http://www.galeriemagazine.com/10-most-architecturally-sig/

Revisiting the homes and properties that I photographed in 2018. Lovely to see the summertime sunshine and green grass! https://youtu.be/ybFylKf8A4k

Research shows that 95% of viewers spend 20 seconds on the main exterior shot of a home, and that 60% of their overall time is spent browsing the photos. http://www.wsj.com//SB100014241278873240777045783607509496

Jillian Harris's tips on prepping your home for sale http://www.styleathome.com//real-estate-prepping-y/a/58871