“No conveyance of offers prior to <time of day> on <specific date>.” …or… “Offers presented at <time of day> on <specific date>; however, the seller reserves the right to review and may accept pre-emptive offers.” If you followed or participated in the real estate market in Ottawa in 2020 you will have noticed one of these two phrases appearing in …
As people got used to wearing masks and keeping their distance, and with businesses and services slowly opening up, buyers and sellers stormed back into the real estate market in July. It was one hot July. I represented five sellers. Every one of them received multiple offers and sold way over asking price. Here are the amounts over asking: $40,000 …
Note: After reading this article, check out updated data and more sales and price impact analysis in this update: COVID-19 Market Update “Our results show that the Ottawa real estate market seems to have withstood the pressure of a worldwide economic event in March…” Not my words. Those are the words of the President of the Ottawa Real Estate Board, …
Early thoughts on COVID-19 impact on real estate. We’re just getting started with precautionary measures in Ontario and Ottawa specifically. How will it impact the real estate market? Also a treat – some Winter magic: some Ottawa scenery from this past Winter; a compilation of footage shot while out working with clients over the past few months.
Buying a home in a seller’s market like we are experiencing in Ottawa in early 2020 can be a frustrating experience! What can you do to survive and increase your chances for success? In Part 1 let’s talk about bidding wars. How to win a bidding war? What are bidding wars? What AREN’T they? What does it mean to win …
Once a year, generally later in the year when there is enough data to make the analysis more meaningful, I like to look at sales of houses and condos by property type. Being a contrarian at heart when it comes to commonly held beliefs that I suspect may not be based on facts, I enjoy looking for interesting data that …
Episode 2 : How does an in-ground swimming pool impact the value of your property (or one you’re thinking of buying)? Oh, also… it was Happy Canada Day!
Channel Launch! Check out episode 1 on Bruce’s new YouTube channel. Headline: The 12 Reasons I’m Starting A YouTube Channel. Plan to cover common questions and issues in real estate for home owners and investors, open the hood on the industry machine, and give you a different perspective on many agent practices. Feel free to agree and disagree – but …
Is Ottawa’s proposed Shared Equity Mortgage “plan” a good idea? Okay, so I only know what I saw on CBC News the other night. They reported that the Canadian Government has yet to work out the details of the “plan”. We can’t fully assess it until we have those details… but the concept seems misguided to me in many ways: …