2007 Off to a Great Start Thanks to Mild January

Ottawa, February 6, 2007: Members of the Ottawa Real Estate Board sold 763 homes in January through the Board's Multiple Listing Service® system, compared with 647 in January 2006. There were 682 sales in December 2006.
"This year is tied with 2002 for the highest number of sales on record for the month of January, possibly due to the warmer temperatures that Ottawa experienced for the first half of the month," said Board President Diane Hatfield. "Both the residential and condominium classes are showing strong increases over last January, and the average sale price has continued to rise as well. It's an excellent start to the year for Ottawa's residential real estate market."
The average price of the homes sold in January through the MLS® system in the Ottawa area was $260,374, an increase of 6.3% over January 2006. The Board cautions that average price
information 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 average price is calculated based on the total dollar volume of all properties sold.
The Ottawa Real Estate Board is an industry association of 2,200 sales representatives and brokers in the Ottawa area. Members of the Board are also members of the Canadian Real Estate Association and thus are entitled to use the term REALTOR®.
The MLS® system is a member based service, paid for by the REALTOR® members of the Ottawa Real Estate Board. The MLS® mark symbolizes the cooperation among REALTORS® to effect the purchase and sale of real estate through real estate services provided by REALTORS®. MLS® commercial and residential listings are available for viewing on the Board's internet site at www.OttawaRealEstate.org and on the national websites of The Canadian Real Estate Association at www.mls.ca and www.ICX.ca. Information about listings and open houses is also available in the Board's weekly newspaper, Ottawa Real Estate Guide.

Record-Breaking Year for Home Sales in Ottawa

Ottawa, January 9, 2007: Members of the Ottawa Real Estate Board sold 682 homes in December
through the Board's Multiple Listing Service® system, setting a new record of 13,783 residential
sales for 2006. The previous record was 13,152 in 2004. There were 615 sales in December 2005.
“Overall, it was a very healthy year for Ottawa’s residential real estate market,” said newly elected
Board President Diane Hatfield. “The average sale price of a home continued to trend upward, and
the still-growing condominium market drove sales numbers all year long. Condos are also selling
more quickly than they did in 2005, while residential sales stayed on pace with the previous year.”
The average price of the homes sold in December through the MLS® system in the Ottawa area
was $247,833, and for the year the average price was $255,889. The Board cautions that average
price information 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 average price is
calculated based on the total dollar volume of all properties sold.
The Ottawa Real Estate Board is an industry association of 2,200 sales representatives and brokers
in the Ottawa area. Members of the Board are also members of the Canadian Real Estate
Association and thus are entitled to use the term REALTOR®.
The MLS® system is a member based service, paid for by the REALTOR® members of the Ottawa
Real Estate Board. The MLS® mark symbolizes the cooperation among REALTORS® to effect
the purchase and sale of real estate through real estate services provided by REALTORS®. MLS®
commercial and residential listings are available for viewing on the Board's internet site at
www.OttawaRealEstate.org and on the national websites of The Canadian Real Estate Association
at www.mls.ca and www.ICX.ca. Information about listings and open houses is also available in
the Board's weekly newspaper, Ottawa Real Estate Guide

Home Sales Surpass 2005 Total by November

Ottawa, December 8, 2006: Members of the Ottawa Real Estate Board sold 877 homes in
November through the Board's Multiple Listing Service® system compared with 906 in
November 2005. There were 1,011 sales in October 2006.

“Despite slightly lower sales than last November, our members have now sold over 13,100 homes in Ottawa this year, a significant increase over 2005,” said Board President Ron Levine. “This is traditionally a quieter time of year for real estate sales, but I can say with satisfaction that sales have remained consistently strong all year, with condo sales still a growing part of the housing market.”

The average price of the homes sold in November through the MLS® system in the Ottawa area was $258,027, an increase of 5.5 per cent over November 2005. Year to date the average price is $256,289. The Board cautions that average price information 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 average price is calculated based on the total dollar volume of all properties sold.

The Ottawa Real Estate Board is an industry association of 2,200 sales representatives and
brokers in the Ottawa area. Members of the Board are also members of the Canadian Real Estate Association and thus are entitled to use the term REALTOR®.

The MLS® system is a member based service, paid for by the REALTOR® members of the
Ottawa Real Estate Board. The MLS® mark symbolizes the cooperation among REALTORS®
to effect the purchase and sale of real estate through real estate services provided by
REALTORS®. MLS® commercial and residential listings are available for viewing on the
Board's internet site at www.OttawaRealEstate.org and on the national websites of The Canadian Real Estate Association at www.mls.ca and www.ICX.ca.
Information about listings and open houses is also available in the Board's weekly newspaper, Ottawa Real Estate Guide.

Looking For A Rental?-

I have a client who purchased a new Minto Terrace home with appliances and now wishes to rent it out. Located in Avalon it has one parking spot with another possible. The rent is $1250. per month. Tenant pays utilities. Never been lived in. Anyone interested?

Housing Market Still On The Rise This Fall
Ottawa, November 7, 2006: Members of the Ottawa Real Estate Board sold 1,015 homes in October through the Board's Multiple Listing Service® system compared with 931 in October 2005. There were 1,087 sales in September 2006.

“Condominium properties are selling faster than at this time last year, with an average of 42 days on the market, down from 48 in October 2005, and their average selling price is up nine per cent over last October, indicating that condo sales are a driving force in Ottawa’s resale housing market,” said Board President Ron Levine. “In addition, residential properties are selling at the same brisk pace as last year, and sales numbers are up more than nine per cent, demonstrating continued solid growth.”

“Ottawa Real Estate Board members have sold 12,232 properties so far in 2006, putting our predicted total of 13,000 sales for the year well within reach,” Mr. Levine added. The average price of the homes sold in October through the MLS® system in the Ottawa area was $255,763, an increase of 4.7 per cent over October 2005. Year to date the average price is $256,129.

The Board cautions that average price information 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 average price is calculated based on the total dollar volume of all properties sold. The Ottawa Real Estate Board is an industry association of 2,200 sales representatives and brokers in the Ottawa area.

Members of the Board are also members of the Canadian Real Estate Association and thus are entitled to use the term REALTOR®. The MLS® system is a member based service, paid for by the REALTOR® members of the Ottawa Real Estate Board. The MLS® mark symbolizes the cooperation among REALTORS® to effect the purchase and sale of real estate through real estate services provided by REALTORS®. MLS® commercial and residential listings are available for viewing on the Board's internet site at www.OttawaRealEstate.org and on the national websites of The Canadian Real Estate Association at www.mls.ca and www.ICX.ca. Information about listings and open houses is also available in the Board's weekly newspaper, Ottawa Real Estate Guide.

Source: Ottawa Real Estate Board

Convent Glen and Sunridge News-

New Convent Glen and Sunridge Blogs-
Go to www.ianponting.com to view and contribute to these blogs. You may also email me at ian@royallepage.ca for more information.

News from the Ottawa Real Estate Board-

On Track for a Successful Autumn
Ottawa, October 6, 2006: Members of the Ottawa Real Estate Board sold 1,092 homes in September through the Board’s Multiple Listing Service® system compared with 1,078 in September 2005. There were 1,246 sales in August 2006.
"We are on track to surpass 13,000 sales this year. Ottawa's housing market is still growing, though it is a more controlled growth now than it has been in the past several years. Interest
rates are still low, and many buyers are taking advantage of the diverse housing choices available to them here in Ottawa," said Board President Ron Levine.
So far this year, 11,226 homes have been sold in Ottawa by Board members through the MLS® system. The average price of the homes sold in September through the MLS® system in the Ottawa area was $255,026, an increase of 6.5 per cent over September 2005. Year to date the average price is $256,117.
The Board cautions that average price information 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 average price is calculated based on the total dollar volume of all properties sold.
The Ottawa Real Estate Board is an industry association of 2,200 sales representatives and brokers in the Ottawa area. Members of the Board are also members of the Canadian Real Estate Association and thus are entitled to use the term REALTOR®.
The MLS® system is a member based service, paid for by the REALTOR® members of the Ottawa Real Estate Board. The MLSmark symbolizes the cooperation among REALTORS® to effect the purchase and sale of real estate through real estate services provided by REALTORS®. MLS® commercial and residential listings are available for viewing on the Board’s internet site at www.OttawaRealEstate.org and on the national websites of The Canadian Real Estate Association at www.mls.ca and www.ICX.ca .
Information about listings and open houses is also available in the Board’s weekly newspaper, Ottawa Real Estate Guide.

Source Ottawa Real Estate Board