Capitalizing on Ottawa s evolving commercial leasing market obj.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from obj.ca Daily Mail and Mail on Sunday newspapers.
Signs of Ottawa home prices levelling off are likely to be short-lived, according to a major Canadian real estate firm.
Royal LePage said in a forecast Wednesday that it expects aggregate local home prices to reach $738,200 in the fourth quarter, up 17 per cent year-over-year and an increase of more than four per cent from mid-2021.
Echoing observations made by the Ottawa Real Estate Board earlier this month, Jason Ralph – the managing partner of Royal LePage Team Realty – noted that the supply of homes for sale is increasing and that it’s taking longer for them to sell relative to the pace of activity seen earlier in the year.
People on the Move: Erin Binks set to nail it with Terlin Construction obj.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from obj.ca Daily Mail and Mail on Sunday newspapers.
OutCare Foundation gets people outdoors and active in support of home-based palliative care The majority of Canadians report they d prefer to die at home, rather in hospital, but just 15% manage to do so Linda McCallum, board chair of the OutCare Foundation and a real estate sales representative at Royal LePage Team Realty, and fellow board member Michael Hughes, founder and CEO of the NfR Consulting Group, promote the OutCare OutDoors fundraiser by snowshoeing at Mooney s Bay. Photo by Caroline Phillips
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House Hunting in Canada: Octagonal Riverfront Views Outside Ottawa
After lagging behind larger Canadian cities for years, Ottawa saw home prices balloon in 2020, fueled by a surge in demand and ‘inventory at historic lows.’
By Michael Kaminer
$3.77 MILLION ($4.795 CANADIAN DOLLARS)
Set on the banks of the Rideau River, this custom-built four-bedroom home is in Manotick, a village about 15 miles south of Ottawa, Canada’s capital city. The 3.4-acre property includes 264 feet of water frontage, with two boat slips. “It’s rare to acquire a property on the river with this much waterfront,” said Marilyn Wilson of Dream Properties, the listing broker. “And having two boat slips is unusual. You wouldn’t be able to get them now because of conservation rules.”