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 […]
The Molly & Claude Team Realtors Ottawa, Royal LePageTeam Realty
From the Blog
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. […]
Condos in West Centre Town, Ottawa
West Centre Town, Ottawa, is a dynamic and vibrant neighborhood that has become one of the most sought-after areas for condo living in the nation’s capital. Nestled between the bustling core of downtown Ottawa and the charming streets of Little Italy, West Centre Town offers a unique blend of urban convenience, cultural richness, and community […]
Condos in Ellwood, Ottawa
Condos in Ellwood, Ottawa 2019 Bank Street Overview: This address is part of the Ellwood neighborhood, which is located in the southern part of Ottawa. The building at 2019 Bank Street typically houses a mix of residential and commercial units. The condos here are known for their accessibility to major transportation routes, including direct access […]
How to prepare your home for the fall market
Preparing your home for the fall market involves strategic steps to enhance its appeal during a season when buyers might be more motivated due to increased inventory and changing market conditions. Here are some key tips: Boost Curb Appeal Seasonal Maintenance: Clean up fallen leaves and debris from your lawn, and keep the grass trimmed. […]
