ByWard Market Condos

Ottawa Condo Market Statistics - June 2019

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Each month we take a closer look and brake down the sales data of downtown condos from the previous month. Here are the statistics for June and the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

Wow, things keep getting hotter and hotter in the Ottawa condo market. The average selling price, days on market, list to sold price, - all keep getting more intense.

Sellers: While things are doing well for you, we are still seeing properties that don’t sell above asking, and are taking quite a while to sell. It is not as much of a sellers market as one would think. Pricing and how a unit is shown, is more important than ever. I am seeing condos listed both over and under market value (by lack of experience), and seeing condos priced correctly while also zero effort put into preparing for showings. If you had looked at selling over the last few years, but decided to put a tenant inside instead, this might be the time to review the market and data.

Buyers: Patience, preparation, and persistence. Be patient - supply is low right now and the best units will come on the market (maybe not in your price point anymore, but they will list, I promise). This isn’t a crazy sellers market. You have to be able to say no if the unit isn’t what you are looking for. Preparation - Get that mortgage pre-approval now. Know your numbers and what exactly you can afford. Being able to walk into the offer process with shorter timelines will make you stand out and give you more confidence with your offer. Persistence - Again, there is a supply shortage. The best units will come on the market, will just need to wait it out. We are also seeing more and more multiple offer scenarios, which means that you have a larger chance of loosing out if you don’t act quickly or are not prepared. If you do loose out, don’t give up!

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Byward Market & Sandy Hill ottawa condo stats - .jpg
Little Italy ottawa condo - Stats.jpg
Hintonburg - ottawa condo June Stats.jpg
Westboro - June Condo Stats.jpg

Do you have any questions about how this information affects your investment or looking for more information to make the best decision about your purchase? Let’s chat! Fill out the form on the bottom of the page.

Claridge Royale - Launch Postponed

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Claridge had originally announced a public launch date for its latest building, Claridge Royale, of Saturday June 15th. Claridge has now announced that they have postponed the launch until this fall.

**For more information about Claridge Royale, visit the Claridge Royale page here.**

Ottawa Condo Market Statistics - May 2019

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Every month we take a closer look and brake down the sales data of downtown condos from the previous month. Here are the statistics for May and the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

Centretown has been a very hot month for condo sales. Over last month (April 2019) we saw the average sold price has increased, along with the number of sold units, the days on market has dropped in almost half, plus the list to sell price has tightened up, all signalling that demand for Centretown has increased, while the supply (up until this month) had not. However we have seen the supply (new listings) increase from 58 in April 2019, to 79 in May 2019. While that is not a significant number, it should certainly help buyers who are trying to get into the area. Overall it is still a very strong sellers market.

Over last month (April 2019), Byward Market and Sandy Hill, continues to improve slightly, with over $22k average selling price increase, and an extra 1.2% list to sold price (99.5% vs 98.3% in April 2019). Number of units sold, number of new listings, and days on market improves only slightly. Overall, this shows the improvement over last year. The Byward Market and Sandy Hill are still a balanced market or slightly leaning towards a sellers market.

Little Italy is still a difficult area to breakdown with such few sold units - take these numbers even more with a grain of salt. While there was very little change over last month (okay, yes average sold price increased by 18k) the one exception was the days on market jumped to 60, which was more in line with what we were seeing in 2018. We are still seeing fewer listings on the market, which is helping to keep the list to sold price at a very tight 99%. With such little supply in Little Italy, the hot properties will sell quick and for a very strong price.

Same as Little Italy, these Hintonburg condo stats need to be taken with a grain of salt due to the low volume of sold units. We are starting to see the days on market rise, along with the amount of new listings to match what we saw last year at this time. However in perspective to other neighbourhoods in Ottawa, the days on market is still quite low, and with a higher list to sold price it is still clear that it is a sellers market in Hintonburg. If we saw more supply hitting the market, then we might see things balancing out in more favour for a buyer.

The Westboro condo market has continued to improve with only four new condos adding to the supply. The days on market is the lowest in the city, with the highest list to sold price (tied with Byward Market and Sandy Hill). This is certainly a sellers market and we will need a large number of new listings to help balance it out.

Do you have any questions about how this information affects your investment or looking for more information to make the best decision about your purchase? Let’s chat! Fill out the form on the bottom of the page.

Claridge Royale - Launch Date Announced

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Claridge has announced the date for Claridge Royale, the second of the three developments that the builder is set to launch this year. The public launch will happen at 11 am on Saturday June 15th, at at the Claridge Royale Sales Office (244 Rideau Street). Claridge Royale will be located at 245 Rideau Street, where the Metro is currently located.

Claridge Royale is set for occupancy in 2023 with a total of 250 units.

For more information about Claridge Royale, visit the Claridge Royale page here.

Ottawa Condo Market Statistics - April 2019

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Every month we take a closer look and brake down the sales data of downtown condos from the previous month. Here are the statistics for April 2019 and the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

Little Italy - Stats.jpg
Westboro - Stats.jpg

Do you have any questions about how this information affects your investment or looking for more information to make the best decision about your purchase? Let’s chat! Fill out the form on the bottom of the page.

Ottawa Condo Market Statistics - March 2019

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Every month we take a closer look and brake down the sales data of downtown condos from the previous month. Here are the statistics for March 2019 and the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

Centretown - Stats (1).jpg
Byward Market & Sandy Hill -  (2).jpg
Little Italy - Stats (2).jpg
Hintonburg - Stats (1).jpg
Westboro - Stats (2).jpg

Do you have any questions about how this information affects your investment or looking for more information to make the best decision about your purchase? Let’s chat! Fill out the form on the bottom of the page.

Ottawa Condo Market Statistics - February 2019

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As we do every month, we have taken a closer look and broken down the sales data for the month of February 2019 for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

Ottawa Condo Centretown - Statistics February.jpg
Byward Market & Sandy Hill - February.jpg
Little Italy - Stats.jpg
Hintonburg - Stats.jpg
Westboro - Stats.jpg

Do you have any questions about how this information affects your investment or looking for more information to make the best decision? Let’s chat! Fill out the form on the bottom of the page.

Ottawa Condo Market Statistics - January 2019

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As we do every month, we have taken a closer look and broken down the sales data for the month of December 2018 for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

Ottawa Condo Centretown - Statistics January.jpg
Ottawa Byward Market & Sandy Hill Condo - Stats January 19.jpg
Ottawa Condo Little Italy - Stats January 2019.jpg
Ottawa Condo Hintonburg - Stats January 2019.jpg
Westboro Condo Ottawa - Stats January 2019.jpg

Do you have any questions about how this information affects your investment or looking for more information to make the best decision? Let’s chat! Fill out the form on the bottom of the page.

Ottawa Condo Market Statistics - December 2018

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As we do every month, we have taken a closer look and broken down the sales data for the month of December 2018 for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

Market - Centretown.jpg
Market - Byward Market and Sandy Hill.jpg
Market - Little Italy.jpg
Market - Hintonburg.jpg
Market - Westboro.jpg

Questions about how these numbers affect your investment/condo? Let’s chat! Fill out the form on the bottom of the page.

Ottawa Condo Market Statistics - November 2018

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As we do every month, we have taken a closer look and broken down the sales data for the month of November 2018 for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days.


Ottawa condo real estate statistics Centretown.jpg
Market - Byward Market and Sandy Hill.jpg
Market - Little Italy.jpg
Market - Hintonburg.jpg
Market - Westboro.jpg

Questions about how these numbers affect your investment/condo? Contact us to chat more!

Ottawa Condo Market Statistics - October 2018

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Each month we take a closer look at the previous monthly condo sales data for the top five "downtown" Ottawa area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebretown Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days. Questions?


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Market - Byward Market and Sandy Hill.jpg
Market - Little Italy.jpg
Market - Hintonburg.jpg
Market - Westboro.jpg

Questions? Want to know how it affects your condo? Fill out the form below and let’s chat.

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Ottawa Condo Market Statistics - September 2018

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Every month we take a closer look at the sales data for the previous month for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebretown Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days. Questions?


CENTRETOWN

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Huge jump in the average selling price for Centretown condos this year compared to September of 2017. Part of the reason for the large jump was due to a number of sales over the $500k mark. Over last month, we saw a similar number of new listings, while we saw quite a few more properties sell (33 vs 24). The list to sold price ratio stayed about the same, with the days on market increasing slightly (63 vs 51).


BYWARD MARKET AND SANDY HILL
(INCLUDES LOWERTOWN)

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Compared to last month, the Byward Market saw a healthy jump in average sold price with the number of sold condo units fell over last month (16 vs 24). Other than the differences in sold price, September of 2018 is pretty much the same as last year.


LITTLE ITALY
(INCLUDING LEBRETON FLATS)

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Little Italy continues to see fewer sales compared to new listings which is great if you are a buyer looking to enter. The average selling price is up over last month (362,330) and last year (329,086). Take the sold data with a grain of salt, since there is only a few sales to provide an average.


HINTONBURG

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Hintonburg continues to be an area with healthy demand and very few options for buyers. Lots of older product with very few modern buildings that continue to cause havoc on the numbers. Like last month, we saw the same amount of new listings that ended up selling, providing no increase or decrease to number of available product. With that, the DOM and list to sold price continue to weaken. We are seeing first hand that nice product that is priced right will sell quick!


Westboro

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Westboro continues to stay in great shape with one of the highest average selling prices. The DOM tightened up over last month, however we saw more activity which brought the other numbers more in line with what we are seeing across the city.


Looking for specific information about an Ottawa condo building or area? Thinking of buying and maximizing your dollar? Let's chat. Fill out the form below.

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Ottawa Condo Market Statistics - August 2018

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We have taken a closer look at the sales data for the month of August 2018 for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebretown Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days.


CENTRETOWN

Ottawa Condo Market Statistics Centretown

The market in Centretown slowed down over the month of August as most buyers and sellers are typically traveling or enjoying the summer before heading back to work. Compared to last month, (July 2018 stats) we saw our average selling price drop from $371,512 to $358,201, and only 32 new listings to July's 48. List to Sold prices came back to along what it was last year. 

What does this mean? While you could argue things slowed down, the lack of demand (fewer buyers) showed its head, and unless we see an increase in new listings in September, the DOM and list to sale price ratio will tighten up as there will be less to buy. We saw a more balanced market in August.


BYWARD MARKET AND SANDY HILL
(INCLUDES LOWERTOWN)

Market - Byward Market and Sandy Hill.jpg

Compared to July, we saw a $90,000 reduction in average sale price, fewer days on market, and a tighter list to sold price. In August we saw an equal amount of new listings to sold listings.

What does this mean? There was a higher demand for lower priced properties, and a strong pull from investors looking in that sub 300k market. The low amount of new listings, shorter days on market, and higher list to sold price ratio means things can easily jump in September unless we see more product come on the market. A sellers market below $300k, and a buyers market above $300k.


Little Italy
(INCLUDING LEBRETON FLATS)

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The seven sales in July were hot, which is evident in the 99.7% average list to sold price and the 35 average days on market. The average selling price dropped, which needs to be taken with a grain of salt since we have such low number of data points.

What does this mean? The properties that sold, were priced well and hot for the buyers looking. Its a buyers market, unless you are looking at one of the hot listings. Last month saw 14 new listings with only 4 sold. 


HINTONBURG

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Looking at the differences over last year might give you a scare - however with such few data points, you need to understand it is not a perfect example and rather use trends to better understand the market. We saw more new listings and more sales this month than last month. The days on market stayed the same, and the average selling price dropped. Other than price, things have certainly improved over last year!

What does this mean? As with other areas, the amount of sales below the 300k continue to dominate. The market has certainly improved over last year, and I would be willing to bet that next month you will see the selling price jump back up. The lower DOM over last year still signifies that more buyers are looking here than before, and would be a good time to sell!


WESTBORO

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Like last month, Westboro continues to be one of the hot markets with high prices and low inventory. A very tight List to Sold Price ratio and such few new listings makes this a unique market when you see the high DOM. The right properties are selling for close to ask, but taking longer. I would be willing to bet that September will see DOM drop.


Looking for specific information about a building or area? Thinking of buying and maximizing your dollar? Let's chat. Fill out the form below.

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Ottawa Condo Market Statistics - July 2018

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Let's break down some specific data for the month of July for the top five "downtown" area's - specifically Centretown (including Golden Triangle), Byward Market and Sandyhill, Little Italy (which would include Lebreton Flats),  Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days.


Centretown

Ottawa Condo Market - Statistics Centretown.jpg

The market in Centretown continued to tighten for July which is noticeable in the higher list to sold price ratio of 99.1% compared to 98.8% (from last month) and the fewer days on market of 43 compared to 46 (from last month). We still have a similar amount of new listings as last month, however the amount of units that sold have dropped from 43 (June) to 29 (July). Prices are up compared to last year, however holding about the same as last month.

What does this mean? While things have tightened up, the numbers would show that there is going to be more units available going into August. This might ease up the DOM, Sold Price Ratio, or the average sold price - more supply with equal or less demand.... Could be seeing a shift to a more buyer focused market.


Byward Market and Sandy Hill
(Includes Lowertown)

Condo Market Statistics Ottawa - Byward Market and Sandy Hill.jpg

Compared to last month we have seen similar numbers except for two. The average price has jumped from $362,773 in June 2018, to $410,517 for July 2018. Keep in mind that in May 2018 it was almost $400k, so the large change is expected and due to the few number of data points that are used can vary the number. At the same time, the days on market has increased from 50 last month, to 84 this month. Note - the DOM hit 162 days back in January of 2016.

What does this mean? With the DOM jumping up to 84 days, yet amount of new and sold listings staying almost the same as last month, we would expect the price to come back down or the list to sold price ratio to drop. Still continues to be more of a buyers market, especially with the higher DOM, lower LTS price ratio, etc. 


Little Italy
(Including Lebreton Flats)

Market - Little Italy.jpg

Average price has jumped over last month (June 2018) to $395,175. However that is based on the only four sales that happened this month. We continue to see more new listings, and fewer sales. DOM has increased to 50 days and the LTSP ratio has nudged up to almost 98.9%. 

What does this mean? A buyers market. Higher DOM, more options (listings), etc. With only four sold it means you have less competition. However the high LTSP ratio says that for the sellers who are serious, and priced right, you can and will sell.


Hintonburg

Ottawa Condo Market - Hintonburg.jpg

The average sold price has dropped to $318,173, when it was $374,620 last month (June 2018). Activity has dropped (both new and sold listings), and the LTSP ratio edged up slightly. 

What does this mean? More of a sellers market. With fewer units available overall, a higher sold price ratio, and a somewhat low DOM, It would be a good time to sell. Buyers will want to see more supply, or need to be quick on their feet for the best units.


Westboro

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The average price is up over last month, but down over this time last year. Less activity then last month, but similar ratio of new vs sold units. Same LTSP ratio as last month with DOM increasing slightly. 

What does this mean? Sellers market. Highest average price, and highest LTSP ratio, along with the similar ratio of new vs sold listings, make it a very difficult buyers market. Not much negotiating is going on. Chances of multiple offers are strong. Again, the higher price point is due mainly to the larger, longer planned living (compared to the studio and sub 600sqft units in Centretown etc.).


Looking for specific information about a building or area? Thinking of selling and want to get the best return? Let's chat. Fill out the form below.

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Ottawa Condo Market Statistics - June 2018

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Often, real estate is defined by its numbers and data - we can report on "hard facts" to provide a picture of the market. However, when we receive the standard monthly updates from the Ottawa Real Estate Board, I find it quite frustrating that the data reported for "condominiums" is board wide - meaning any property type that was listed as a condominium in any area. (This isn't a rant - there are too many micro markets across the city for them to report). What this means is that the information isn't compared by location (downtown vs Kanata) or property type (example - apartment or townhome) which can often mask or hide very interesting or specific information on a more detailed level. We all (should) know that there is a huge difference in price between a townhouse style condo in Kanata, versus a modern downtown highrise apartment in Centretown. 

Let's break down some specific data for the top five "downtown" area's - specifically Centretown (including Golden Triangle), Byward Market and Sandyhill, Little Italy (which would include Lebreton Flats),  Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days.


Centretown
(North of 417, Canal to the East, Bronson to the West, Parliament Hill to the North).

Ottawa Condo Market Stats June 2018 Centretown 2.jpg

Overall the average sold price for a Centretown condo over the last month is $371,998.00 which is up compared to a year ago, which saw an average list price of $347,394.00. The average DOM is at 46 which is an improvement over last year at 80 days (Keep in mind that includes the conditional period). The list to sale price ratio has increased to just under 99%, and a nice increase over last year at just above 97%. In June, we saw only 47 new listings, with 43 sales.

What does it mean? A healthy increase in the demand for condos located in Centertown. A much more balanced market, with prices continuing to rise at a very marginal rate. One thing to note is that the DOM from two years ago was up to a whopping 85 days. Based on what was listed vs sold, I would expect the market to be more of a Seller's market unless we see more listings!


Byward Market and Sandy Hill
(Includes Lowertown)

Ottawa Condo Statistics - Byward Market and Sandy Hill 2 .jpg

The average sold price this month in the Byward Market and Sandy Hill has dropped slightly to $362,773. The DOM has dropped to 50 days, and much better than it was 3 years ago - 75 days. The list to sale price ratio held the same around the low 97%.

What does this mean? Prices are lower and becoming more attractive to buyers which is helping to reduce the DOM. Slightly more leaning towards a buyers market then for selling. With the DOM lowering you should see the list to sale price ratio increase.


Little Italy
(Includes Lebreton Flats)

Ottawa Condo Market Statistics - Little Italy 2 .jpg

The average sold price for a condo in Little Italy is down to $386,900. The average DOM is up to 47 days, with the one year at 45 days. The average list to sold price ratio is up to 98.1%. Overall there are less new listings with a few more sales compared to last year.

What does this mean?  Since there are fewer buildings which mean fewer sales, the numbers will be affected more by each sale. Lower prices will drive the DOM and sale price ratios as buyers compare them to other areas. The number of listings will increase, and as prices drop, the number of sales will increase. Great market if you are a buyer looking for options with less competition.


Hintonburg

Ottawa Condo Market Statistics - Hintonburg.jpg

The average sold price in Hintonburg lowered slightly from last year, to $374,620. More sales and a much tighter list to sold price ratio have dropped the DOM to less than half - now 39 days from the 89 days a year ago. 

What does this mean? It is much more of a seller's market than a buyer's market. I think it will get tighter unless we see more listings. More buyers looking to move more west! It is a great time to sell.


Westboro

Ottawa Condo Market - Westboro Statistics.jpg

The average sale price in Westboro is up from last year to $474,406. With 17 new listings and 17 sold properties. The highest list to sold price ratio in any of the five area's at 99.4%! The DOM is also quite low at 37!

What does this mean? A hard market if you are a buyer. Considering that almost all condos will sell with a conditional period for status certificate review of 10-14 days, the DOM of 37 is very good for sellers.  The higher price point is due mainly to larger, longer term planned living (compared to studio's and sub 600sqft units found more in Centretown and Byward Market). 

Are you looking for more information about a specific area or building? Thinking of selling or buying? Let's chat - click on the button below!

Arthaus Condos - Hits 17th Floor - Construction Update

The private condo section is now underway at Arthaus Condos and is expected to be finished pouring the structure this month. Currently pouring on the 17th out of the total 23 floors, DevMcGill is planning on starting occupancy of the 89 condominium suites by this fall.

For more information about Arthaus condo project, visit the Arthaus section HERE. If you have questions about pre-construction condos in Ottawa, contact Matt Richling by filling out the form below.

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Arthaus - Floor Plans And Pricing

Arthaus Entrance Condos Ottawa

Note: Arthaus developer DevMcGill has chosen Matt Richling as a VIP Platinum broker for the Arthaus Residence launch. This allows clients a preferential first pick at units, views, and combo options, before the general public and non-VIP brokers. In addition there are exclusive incentives to clients who purchase (for a limited time). For a copy of all the floor plans and launch pricing/information, fill out the form at the bottom.

Check out the Arthaus page for everything regarding the upcoming Arthaus development.

Floorplan Sneak Peek
The Casson is a 518sqft one bedroom, one bathroom unit. This unit has views looking east and starts on the 15th floor at $259,990.

The Olgilvie is a 1189sqft (inc. 43sqft balcony) two bedroom, two bathroom, with large master suite including a walk in closet and en-suit bathroom. The unit has south and west views, starting from the 15th floor at $575,990.

Fill out this form to receive all the floor plans and launch pricing.

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Arthaus Condos - Construction Update

Construction Progress of Arthaus Condos from DevMcGill

Construction Progress of Arthaus Condos from DevMcGill

**For everything ARTHAUS related, visit the up to date ARTHAUS section here**

Arthaus Condos, will be located above the Ottawa Art Gallery and Le Germain Hotel at the corner of Daly and Waller in the Byward Market (just steps from The Rideau Shopping Center - Nordstrom!). Montreal developer DevMcGill has over 20 years of building residential condominiums and expects completion in 2017. Sales dates have not yet been announced, but we expect it to be sometime soon (once things warm up a little). With such a unique building, location, and only 89 units - we expect the units to move quickly.

Also the sales centre for the project is currently under construction, located at 264 Rideau St (across from the Metro and LCBO).

For more information about Arthaus Condos or pre-construction condos in Ottawa, fill out the form below.

Byward Market to see Andaz Hotel = What does it mean for Ottawa?

News broke yesterday when Claridge VP Neil Malhotra tweeted "We're very pleased to announce and welcome the first Andaz Hotel to Canada". Which set off a small tweet-fest, mostly of support in favour of the ritzy chain to come to Ottawa.

The hotel itself will be 200-rooms, expected to open in 2016, and will be the first Andaz-branded hotel in Canada. Currently under construction, it is a great addition to the area. Much needed in fact, which has not seen much attention from developers as it has in the past number of years.

Besides the hotel, Claridge will also be looking to build a 22 storey residential tower, that will tower over the 15 storey hotel. While still early in the planning it will certainly interesting to see the reaction from the current residents. It is not that tall, in comparison to previous and nearby towers. 

Both towers will certainly help bring back the glory of the Byward Market, especially with marketing dollars being spent to sell the area. Will be interesting to see things moving forward.

Ottawa Citizen Article Here

Top three Ottawa condo buildings for Young Professionals

As a young professional who is working and living in Ottawa, only the best will do. Work hard, play hard is more than just a saying for you, it's your way of life. Last thing you want, are constant complaints from your neighbour because the walls are too thin, or issues with the condo board. With over 900 condo buildings across Ottawa, we have narrowed this down to a select few. 


3. Mondrian Condos - 324 Laurier Ave. West

Mondrian, with its "rooftop" (6th floor) outdoor pool, complete with Miami-esq cabanas, large party room and concierge has been the choice of YP's looking for a place to call home. The units them selves are open concept and modern with floor to ceiling windows, exposed concrete pillars and columns, and decently sized. Great location for those working in the downtown core.

Location: 324 Laurier Ave. West, at Bank st.
Builder: Urban Capital (Toronto)
Year Built: 2009
Conceirge: Yes. 9-5 with security nights and weekends
Pool: Yes, Outdoors. Not for lap swimming.
Party Room: Decent sized with large sitting area, kitchen, dining table, TV, and pool table.
Gym: Yes 
BBQ: Yes, shared. Also has outdoor dining table. Electric BBQ's allowed on unit balcony.
Parking: Underground, and heated
Balconies: All units, except two per floor that do not ("07" and "08")
Elevators: Three high speed
Visitor Parking: None in building, paid lot beside entrance.
Demographic: Full mix
 

2. Central Condo Complex (all three phases) - 354 Gladstone and 349 McLeod, 360 McLeod, and currently under construction Hideaway

Central Condos is a mix of three phases, 354 Gladstone and 349 Mcleod make up phase one (two addresses allow the large U shaped building to have two entrances, mailboxes, etc.), 360 Mcleod which is phase 2, and the third phase which is under construction called Hideaway. Same feel and flow as the Mondrian, but 4 years newer, and reflected in the updated finishings throughout the building.  

Location: Bank st, at Gladstone St. and McLeod St.
Builder: Urban Capital (Toronto)
Year Built: 2012, 2014, 2015
Conceirge: Yes. Each phase has its own, 9-5 with security nights and weekends
Pool: Outdoor pool in Phase 3, for residents of phase two and three only.
Party Room: Each phase has independant room. Decent sized with large sitting area, kitchen, dining table, TV, and pool table.
Gym: Yes 
BBQ: Yes, shared. Electric BBQ's allowed on unit balcony.
Parking: Underground, and heated
Balconies: Yes, few floor plans per building without
Elevators: Two high speed per building
Visitor Parking: None in building, paid lot beside entrance.
Demographic: Mix, 20-40yrs old

 

1. SoHo Lisgar - 300 Lisgar

Soho Condos Lisgar Ottawa

SOHO Lisgar is Ottawa's second for Mastercraft Starwood. Located at 300 Lisgar, the building is very central being just off Bank St. and only a few blocks from downtown offices, Elgin St, Byward Market, Little Italy and Chinatown. The high end finishes, quality design, and first class amenities are what one would expect with the Mastercraft Starwood name.

"Timeless design, well thought out living spaces, style and flair are SoHo’s signature. We used the same high quality materials and standards demanded by our boutique hotel clientele – well-heeled jet setters, movie and rock stars, and C-level executives (CEOs, CFOs, COOs) – who demand living spaces equivalent to the comfort of expensive homes. For example, marble bathrooms with large shower stalls and rainshower head, a handshower with diverter, Floor-To-Ceiling and all-To-Wall Windows©, European appliances and Quartz countertops.

A kitchen designed with fine cabinetry you would find on a yacht or private jet, with an island, and kitchen appliances concealed behind lacquered doors. Backsplashes with glass tile and a stainless steel sink with side mounted faucet finish this stunning kitchen. 

Gluckstein designed each luxury condominium floor plan at SoHo Lisgar to accommodate fine furnishings to suit every taste and temperament. Living areas are designed for entertaining, up to 20’ wide, not the typical 10’ wide living room found in other condominium developments." (taken from developer)
 

Location: 300 Lisgar Street, at Bank Street
Builder: Mastercraft Starwood (Toronto)
Year Built: 2013
Conceirge: Yes. 
Pool: Yes, Outdoor pool plus hot tub.
Party Room: Yes, including high end chefs kitchen (Wolf Range, Fisher Paykel Fridge)
Gym: Yes, plus sauna
Theatre: Yes, separate room.
BBQ area: Yes, shared. Electric BBQ's allowed on unit balcony.
Outdoor Entertaining:  Yes includes an outdoor Kitchen and fire pit.
Parking: Underground, and heated
Balconies: Not all units.
Elevators: Two
Visitor Parking: Yes
Demographic: Mix, 20-50yrs old

Honourable Mention - 90 George

Built by Canril Corporation, this five star building is located in the heart of everything. Launched with many high end amenities over and above, such as separate "gold key" concierge and separate security, BMW 7 series Li for short outings (driven by concierge), valet parking, grand piano in lobby, three high speed elevators, etc. Built on a three storey commercial podium, the outdoor terrace which is approximately 9,000 sqft, owners relax, without leaving home. Did we mention the lobby is a BMW showroom, with models rotating throughout the year!

Location: 90 George Street
Builder: Canril Corporation
Year Built: 2009
Conceirge: Yes. 
Pool: Yes, indoor salt water pool plus hot tub.
Party Room: Yes, more of a dinning room
Gym: Yes, plus sauna
Theatre: No
BBQ area: Yes, shared. 
Outdoor Entertaining:  Yes, 9,000 sqft of space
Parking: Underground, and heated, with valet
Elevators: Three high speed
Visitor Parking: Yes
Demographic: Mix, 30-60yrs old, 


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Written by Matt Richling

Matt is a licensed salesperson at RE/MAX Metro City Realty in Ottawa, Canada. Matt loves helping sellers and buyers find the perfect home that fits their lifestyle.