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The Molly & Claude Team Realtors Ottawa, Royal LePageTeam Realty
From the Blog
Ottawa Real Estate Newsletter – September 2024
Architecture – Canadian Architecture
Royal Ontario with Crystal Addition Canadian Architecture: A Journey Through Time Canadian architecture is a reflection of the country’s diverse history, geography, and cultural influences. From Indigenous designs rooted in nature to European-inspired colonial structures and modernist innovations, Canadian architecture spans a wide range of styles and movements. Here’s an overview of key periods and […]
Fixed Mortgage Rates Below 4% Are Back: What This Means for Ottawa Homebuyers
For the first time in years, Canadian homebuyers are seeing fixed mortgage rates dip below 4%. This shift could have a significant impact on the real estate market, particularly for those looking to buy or invest in Ottawa. As a realtor in Ottawa, it’s important to understand how this trend can benefit both buyers and […]
Ottawa Condos Heron Gate / Industrial
Why Choose Heron Gate / Industrial for Condos? Heron Gate and Industrial are strategically located near some of Ottawa’s key commercial and residential hubs. The area is ideal for families, young professionals, and retirees, offering a mix of affordability and proximity to amenities like shopping centers, schools, and public transportation. Both neighborhoods have a great […]
September 2024 Mortgage Rate Drop: Impact on Ottawa’s Real Estate Market and Buyer Savings
The recent drop in mortgage interest rates has been a significant development for Canadian homeowners, particularly in Ottawa. The Bank of Canada recently cut its overnight lending rate by 25 basis points, marking the third consecutive cut, bringing the rate down to 4.25% from 4.5%. This reduction is expected to lower monthly payments for variable-rate […]
Ottawa Real Estate News Release (OREB) – Ottawa’s Hot Summer Market Expected to Extend into Fall
September 5, 2024 The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totaled 1,100 units in August 2024. This was a 10.2% increase from August 2023. Home sales were 11.4% below the five-year average and 14.1% below the 10-year average for the month of August. On a year-to-date […]
Bank of Canada cuts key interest rate
As of yesterday, September 4, 2024, mortgage interest rates in Canada have seen some adjustments. Here are the current average rates: 5-year fixed mortgage rate**: Approximately 4.77%. 5-year variable mortgage rate**: Around 3.82%. The Bank of Canada recently lowered its Overnight Lending Rate to 4.25%, which has put downward pressure on variable mortgage rates. Fixed […]
Architecture – Royal Palace of Madrid
Royal Palace of Madrid Aerial View The Royal Palace of Madrid, known in Spanish as the “Palacio Real de Madrid,” is the official residence of the Spanish royal family, although it is now used primarily for state ceremonies. It is located in the heart of Madrid and is one of the city’s most iconic landmarks. […]
