DERRY & DAVID CULLWICK
PHONE: 613-733-9100   EMAIL:info@derryanddavid.com
 

Our Mission Statement is, to provide the best possible service
with the highest integrity.
Repeat customers and referrals are the proven results of our dedication
​not just to meet, but exceed our client's expectations.
 


 

Ottawa Real Estate Board News Release

Latest News Release  

Condo sales lead the way to best October on record

OTTAWA, November 3, 2016 - Members of the Ottawa Real Estate Board sold 1,214 residential properties in October through the Board’s Multiple Listing Service® System, compared with 1,159 in October 2015, an increase of 4.7 %. The five-year average for October sales is 1,130.

“October’s sales continued the record-breaking resale trend for the third straight month,” says Shane Silva, President of the Ottawa Real Estate Board. “While residential sales are identical to that of October 2015, condominium sales have soared – up by 27.2 % over last year. Lower inventory levels, combined with adjusting prices, may be creating these higher than normal activity levels in the condo property class.”

“The new mortgage rules announced at the beginning of October have yet to have an effect on the Ottawa market, as the announcement only came two weeks prior to implementation,” says Silva. “It’s too early to tell what kind of impact the new mortgage rules will have on the Ottawa market going forward. We know that right now Ottawa continues to be a desirable city to live and work, and consumer confidence and job growth remain positive.”


A note from Chloe....


"a dog house makes a nice
 addition to any home".

Derry Cullwick

Sales Representative

Derry Cullwick
Phone: 613.733.9100
Email Me
1500 BANK STREET
Ottawa, ON

David Cullwick

Sales Representative

David Cullwick
Phone: 613.733.9100

Email Me
1500 BANK STREET
Ottawa, ON

 
Our Mission Statement is to provide the best possible service, with the highest integrity.

Repeat clients and referrals are the proven results of our dedication to not just meet,
but exceed our client's expectations.