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| YOUR
Personal REALTOR®
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| Direct:
613-796-2500 ..........Office:613-837-3800 |
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| House
Market in Ottawa |
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INTERESTING REAL ESTATE
LINKS |
| Average MLS® Residential & Condominium Sale Prices |
| NEW HOMES: Ottawa Housing Market - Mid-Year Status Check for 2007 |
| Ontario Ministry of Housing |
| Local and Canadian House Listings (MLS) |
| Ottawa Listings (MLS) |
| Housing sales drop 16.7% in March |
| Will Canada's housing boom last? |
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BUYERS'
MARKET VS. SELLERS' MARKET |
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This is a common question that my clients ask when they are buying or selling their home. It is very simple to explain. A basic principle of Economics called The Law of Supply and Demand, this principle helps to determinate who has the power in this case to determinate the price in the house market. |
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| Supply represents how much the market can offer | ||
| Demand refers to how much (quantity) of a product or service is desired by buyers. | ||
| Buyer's Market: Many houses on the market less buyers. Houses last longer in the market. Prices tend to drop and more negotiations. | ||
| Seller's Market: Many Buyers and fewer houses for sale in the market. Houses sell quickly. Prices usually tend to increase. | ||
| Balanced Market: There is an equilibrium where the number of houses on the market is equal to the demand or number of buyers. Reasonable number of homes to choose from. | ||
Planning
to Buy or Sell? |
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| Orleans
Houses for Sale |
Barrhaven
Houses for Sale |
Kanata
Houses for Sale |
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| New Homes |
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Re-Sale Homes |