Ottawa real estate Archives

Buyers reboot purchase plans in Q1 to get ahead of rising home prices, anticipated interest rate cuts

According to the Royal LePage House Price Survey, the aggregate price of a home in Canada increased 4.3% year over year to $812,100 in the first quarter of 2024. On a quarter-over-quarter basis, the national aggregate home price increased 2.9%, an indication that sidelined buyers are rebooting their real estate purchase plans ahead of expected interest rate cuts, as predicted in January.

A resurgence of activity in Canada’s housing market is expected this spring, with sidelined buyers banking on a drop in interest rates

According to the Royal LePage House Price Survey released today, the aggregate1 price of a home in Canada increased 4.3% year over year to $789,500 in the fourth quarter of 2023.

Maximize storage space in your condo

Condo living can have its perks – there are often on-site amenities to enjoy, building maintenance is taken care of, and you can experience the full benefits of a bustling urban lifestyle. Condo living has limited storage options, here are some suggestions to make the most out of the space in your condo suite.