Ottawa Real Estate News, Info & Market Trends

Colleen Lyle Real Estate aims to make our blog a wealth of information, covering everything from Ottawa market statistics and Ottawa home values to what is happening in communities across Ottawa. That’s because we care about our city and communities and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

July 3, 2020

Weekly Market Update

Your Weekly Market update for Residential and Condominium Properties in Stittsville/Kanata for the week of June 29th - July 3rd.

These numbers reflect new listings, homes sold, and average sale price for the most recent week in Stittsville and Kanata for residential and condominium properties.

All stats are provided by the Ottawa Real Estate Board.

 

Click here to contact us for more details.

 

 

June 30, 2020

Happy Canada Day!

Wishing you and your family a safe and fun holiday. Happy Canada Day from the Colleen Lyle Real Estate Team!

Posted in Other Stuff
June 29, 2020

2020 06 17 Buying And Selling During The Pandemic

In this episode of CTV Ottawa Morning's Ask The Expert, local Ottawa real estate broker Colleen Lyle discusses buying and selling in the Ottawa Real Estate Market during COVID-19. Click to watch now...

Still have questions about buying or selling a home in the current Ottawa Real Estate Market, Ask Us Today!

 

 

June 26, 2020

Weekly Market Update

Your Weekly Market update for Residential and Condominium Properties in Stittsville/Kanata for the week of June 22nd-26th.

These numbers reflect new listings, homes sold, and average sale price for the most recent week in Stittsville and Kanata for residential and condominium properties.

All stats are provided by the Ottawa Real Estate Board.

 

Click here to contact us for more details.

June 23, 2020

End Unit Bungalow for Sale: 51 Crossing Bridge Court

51 Crossing Bridge Court, Crossing Bridge, Stittsville, $524,900

Welcome to 51 Crossing Bridge court, an incredible walkout bungalow in a rare but very sought after neighbourhood. Main floor features a stunning living room w/ vaulted ceilings & gas fireplace as well as a gorgeously & newly renovated kitchen w/ quartz countertops & all new stainless steel appliances. You will also find the master bedroom w/ walk-in closet and 4-pc ensuite, as well as another bedroom and 3-pc bath on the main floor. Great loft space upstairs complete w/ 4-pc bath perfect to use as an office or extra bedroom. Downstairs is a full walkout basement including its own kitchenette w/ quartz countertops & new fridge and dishwasher, ideal for entertaining guests or in-laws that may be visiting. This home has been completely renovated w/ quartz, updated lighting, new faucets and sinks, toilets, showers and vanities, flooring, and paint throughout the home. No detail has been overlooked, come see for yourself!

 

 

Click here to contact us for more details.

Posted in Hot New Listings
June 12, 2020

Weekly Market Update

Your Weekly Market update for Residential and Condominium Properties in Stittsville/Kanata for the week of June 8th-12th.

These numbers reflect new listings, homes sold, and average sale price for the most recent week in Stittsville and Kanata for residential and condominium properties.

All stats are provided by the Ottawa Real Estate Board.

 

Click here to contact us for more details.

 

 

June 11, 2020

Ottawa Market Update

Ottawa Market update for Residential Homes - May 2020 compared to May 2019.

Here are the numbers for Ottawa Residential homes and the comparison of new listings, homes sold, average sale price, and average days on market from May 2019 and May 2020.

 

Information sourced from the Ottawa Real Estate Board.

 

 

June 11, 2020

Fall Market in the Spring: May Stats

Ottawa Real Estate Board – The Ottawa Real Estate Board (OREB) is ...

In May 1,345 residential properties were sold compared to 2,410 in May 2019, a decrease of 44%. Of those sales, 1,066 were in the residential property class, down 43% from a year ago, and 279 were in the condominium property category, a decrease of 49% from May 2019. The 5-year average for May unit sales is 2,048.

“Just a May’s temperatures had us questioning what season we were in, our real estate market also underwent a seasonal switch, so to speak,” notes Ottawa Real Estate Board President Deborah Burgoyne. “This spring market is performing more like a fall market with the number of new listings and resales on par with what typically occurs in late October and November.”

“Around mid-May we started to see a restrained uptick in our numbers with monthly unit sales only 44% lower than May 2019, compared to the 55% year over year decrease in April’s figures. We expect that as the economy continues to rollout and consumer confidence increases, our real estate market will follow suit, the pent-up demand pre-COVID still exists. Our spring numbers are typical of our fall figures, with cautious optimist, we can hope that there is a ‘flip flop’ and our fall numbers are closer to spring figures.”

Average sale price for a condominium-class property in May was $343,589, an increase of 15.5% from this time last year, while the average sale price of a residential-class property was $548,140, an increase of 11.2% from May 2019. Year to date average sale prices are at $546,117 for residential and $348,458 for condominiums, representing a 13.8% and 17.8% increase over 2019, respectively.

“Although the Canadian Mortgage and Housing Corporation’s (CMHC) forecast for Canada’s housing prices may seem pretty bleak, their broad-based analysis for the country as a whole does not accurately reflect what is transpiring in our local market as evidenced by the steady increases in average home prices in Ottawa – even during the crux of a pandemic and global economic recession.”

“Unquestionably, the fact that we are still in the midst of a seller’s market is a contributing factor. Nevertheless, with out region’s stable employment and a continuous influx of newcomers, homeowners can take comfort in the knowledge that owning a property in Ottawa and its surrounding areas is a solid investment for yourselves and future generations,” Burgoyne assures.

“Utilizing a REALTORS’s experience, insight and extensive professional network is particularly advantageous during this time. They will ensure you are only viewing properties that meet your hard criteria and can also identify possible alternative options to meet your goals, such as in-law suites or carriage homes for example.”

In addition to residential and condominium sales, 1,207 properties were rented since the beginning of the year compared to 1,043 at this time last year.

Information sourced from the Ottawa Real Estate Board.

For more information click here to contact us

 

 

June 5, 2020

Weekly Market Update

Your Weekly Market update for Residential and Condominium Properties in Stittsville/Kanata for the week of June 1st-5th.

These numbers reflect new listings, homes sold, and average sale price for the most recent week in Stittsville and Kanata for residential and condominium properties.

All stats are provided by the Ottawa Real Estate Board.

 

Click here to contact us for more details.

 

 

 

June 1, 2020

2020 05 27 Covid And Ottawa Real Estate

In this episode of CTV Ottawa Morning's Ask The Expert, local Ottawa real estate broker Colleen Lyle discusses the Ottawa Real Estate Market during COVID-19. Click to watch now...

Still have questions about buying or selling a home in the current Ottawa Real Estate Market, Ask Us Today!