Would you like to receive our newsletter by email?
Complete the form below and ask to be added to the newsletter in the message field.
Elisabeth & Jim Hamilton
THE MARKET INSIDER
Market Trends – A Traditional August
Affordable Housing & The Election | Making Your Home EV Ready
Affordable Housing & The Election
With limited inventory and rapidly rising house prices, affordable housing is an issue that affects us all. To help you vote this September, here are each of the major parties’ positions on the issue:
Consult the Bloc Québécois and Green Party websites for their platforms.
While we don’t all agree on politics, we can all agree that a housing market that is accessible to as many people as possible is a good thing. We welcome the focus on this important topic in 2021.
A Traditional August
Ottawa’s housing market returned to its traditional patterns in August with 1,572 sales, down 22% from August 2020, but very much on par with sales in 2019 and 2018. The year-over-year decrease is attributed primarily to last year’s spring market shift to summer and fall as a result of pandemic lockdowns. Prices also retracted slightly with an average condo selling for $407,148 and an average residential home selling for $674,449. While this is down slightly from
average prices in the spring, it still reflects a 6% and 14% year-over-year growth.
Supply in the market continues to be scarce down 500 units from August last year and below the 5-year average with only 1.5 months worth of supply on hand. A balanced market typically sees 4-6.5 months of supply. Not surprisingly, affordable housing is a significant theme in this year’s election, which we vigorously applaud. For more information on where each party stands on this important issue, see our article in this edition entitled “Affordable Housing & the Election".
OREB | Rina@oreb.ca
Making Your Home EV Ready
Whether or not you are considering purchasing an EV in the near future, making your home EV ready is a good idea for flexibility and resale. Here are a few things to consider:
A Note from Us
September is a time of new beginnings bringing with it the start of school, and often, job transitions and new homes. Add to this an election and it all adds up to a busy season. We wish you and your family well as you embark on whatever fall 2021 brings your way.
(613) 276-1675 | Elisabeth@ElisabethHamilton.ca
(613) 867-1675 | Jim@ElisabethHamilton.ca
Our Clients Say the Nicest Things!
“Patience, efficiency, friendliness, sense of humour, a rare combination.” Michael
Elisabeth & Jim Hamilton
Innovation Realty, LTD.
376 Churchill Ave N Unit 101
The trade marks displayed on this site, including CREA®, MLS®, Multiple Listing Service®, and the associated logos and design marks are owned by the Canadian Real Estate Association. REALTOR® is a trade mark of REALTOR® Canada Inc., a corporation owned by Canadian Real Estate Association and the National Association of REALTORS®. Other trade marks may be owned by real estate boards and other third parties. Nothing contained on this site gives any user the right or license to use any trade mark displayed on this site without the express permission of the owner.
powered by WEBKITS