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Angie Osika & *Gerry Osika

Sales Representative, *Broker

Cell: (613) 884-6683 | Office: (613) 236-5959

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November 2015

Found 1 blog entry for November 2015.

Ottawa existing home sales were fairly flat over the 2010-2014 period.  However, buyers in 2015 took advantage of an increase in the number of homes for sale, lower mortgage rates and competitive pricing in some segments of the resale market according to CMHC report of Fall 2015.  Year-to-date sales volume to the end of August were 4.3% higher than the year before, and prices continued to increase at 2% per year.

Prices of Resale vs New Build homes

To date in 2015, the increase in existing home sales has been mostly driven by single detached 2 storey homes.  According to CMHC an existing single detached home sells at $83,000 lower than a newly built single detached home, plus they are usually located in an area within a shorter commute to the

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