The Blog

RECORD-BREAKING YEAR FOR OTTAWA’S RESALE MARKET

RECORD-BREAKING YEAR FOR OTTAWA’S RESALE MARKET

Ottawa's resale market may have normalized during the holidays, however as a whole, 2021 was a record-breaking year in real estate. The total sales value in 2021 was approximately $13.1B compared to $10B in 2020. Real estate experts forecast January through March will...

OTTAWA’S NOVEMBER RESALE MARKET REMAINS ACTIVE AND BRISK

OTTAWA’S NOVEMBER RESALE MARKET REMAINS ACTIVE AND BRISK

Ottawa's November resale transactions may have been down compared to a year ago, but in reality, Ottawa's real estate market remains strong this month. November's unit sales tracked 14% higher than 2019 and we also see an 8% increase in year-to-date sales over 2020....

ALTA VISTA: OTTAWA NEIGHBOURHOOD SPOTLIGHT

ALTA VISTA: OTTAWA NEIGHBOURHOOD SPOTLIGHT

It’s named for its high altitude, but don’t let that fool you. Alta Vista is a thriving residential neighbourhood with a population of approximately 20,000. Often described as a safe, calm but friendly suburb, Alta Vista has a mix of retirees and young, new families. ...

MORTGAGE 101: WHICH ONE IS RIGHT FOR YOU?

MORTGAGE 101: WHICH ONE IS RIGHT FOR YOU?

Variable? Fixed? Open? Closed? There's so much to consider when choosing your first mortgage, and all that pressure can be stressful. It's a huge commitment, and choosing the right mortgage can help save your thousands - even tens of thousands.  Knowing your options...

OTTAWA’S RESALES LOOK TYPICAL ENTERING THE FALL SEASON

OTTAWA’S RESALES LOOK TYPICAL ENTERING THE FALL SEASON

October's resale market in Ottawa was a little more normal than it has been lately. The recent decline of 21% reflects the typical fall season during the pre-pandemic days. At MacDonald Property Group we realize that these market conditions are very challenging for...

CLOSING COSTS 101 | WHAT YOU NEED TO KNOW BEFORE BUYING A HOME

CLOSING COSTS 101 | WHAT YOU NEED TO KNOW BEFORE BUYING A HOME

There are many costs that come with the purchase of a home in Ottawa. Closing costs, however, are often overlooked by first-time homebuyers and can be an additional $10-30 thousand dollars on top of your down and mortgage payments. Wouldn’t it be nice to know about...

STITTSVILLE NEIGHBOURHOOD SPOTLIGHT

STITTSVILLE NEIGHBOURHOOD SPOTLIGHT

Whether you’re looking for a peaceful retirement or an opportunity to buy your first home, Stittsville could be the place to do it. For this month’s neighbourhood spotlight we’re heading west of the capital to visit the popular growing community of Stittsville. With...

HOME BUYING TIPS: NEW BUILD VERSUS RESALE

HOME BUYING TIPS: NEW BUILD VERSUS RESALE

Many homeowners are faced with the decision of whether to buy a new build or a resale home. There are many factors to consider, like the current real estate market, the type of home you’re looking for, and your budget. We’ll guide you through some of the pros and cons...

NEIGHBOURHOOD SPOTLIGHT: RIVERSIDE SOUTH AND FINDLAY CREEK

NEIGHBOURHOOD SPOTLIGHT: RIVERSIDE SOUTH AND FINDLAY CREEK

East of the Rideau River in the south end of Ottawa are two rapidly-growing, family-friendly neighbourhoods, Riverside South and Findlay Creek.  With a mix of detached, semi-detached row houses, new elementary schools, and future access to Ottawa’s light rail transit...

RESALE MARKET IN AUGUST CONTINUES TO DECLINE IN OTTAWA

RESALE MARKET IN AUGUST CONTINUES TO DECLINE IN OTTAWA

It was another quiet month in Ottawa, as home sales decreased by 22% compared to August 2020. This follows a pattern in Ottawa where there’s been a considerable decline in transactions compared to the spring and 8% fewer sales than in July. At MacDonald Property Group...