March 2018 Newsletter

The clocks have sprung ahead, and the days are longer! It's definitely feeling like Spring is around the corner despite the wintery weather this week. Hang in there...we are almost through another Ottawa winter!

March has shown that fairer weather is on the minds of home sellers and buyers. I am seeing about 20 new listing on MLS each day

Here is an overview of what you'll find in this month's newsletter:

  • Despite tougher qualification requirements for mortgages, most Canadians are in good shape to get a mortgage.
  • The average sale price of a residential-class property sold in February in the Ottawa area was $429,600, an increase of 2.7 percent over February 2017.

  • And not surprisingly....the most active price point in the residential market is the $300,000 to $449,999 range, accounting for 47 percent of the market.

  • Read page 2 for 3 ESSENTIAL TIPS to selling your home in Spring!