Xing Real Estate

  Ottawa Real Estate Insider Dec 2023 As December unfolds its magic once more, it's that time of the year that grants us the opportunity to unwind, cherish moments with loved ones, reflect on the year gone by, and eagerly anticipate the one ahead. Make the most of this festive season, and may you have a joyous and rejuvenating holiday break. Market Update The latest Ottawa residential real estate market update has been released. Highlights 1. By the Numbers – Prices: - The average price of homes sold in November 2023 was $633,138, making a slight decrease of 0.8% from November 2022. The year-to-date average price was $669,536, a decline of 5.7% from 11 months of 2022. - The total dollar value of home sales in November 2023 was $458.4 million, a 2.4% decrease from the same month in 2022. 2. Performance in Colder Months: The market is meeting expected performance levels during the colder months, and a surge in new and active listings is introducing more choices. Although the increase...

Hi lovely people of Ottawa, I hope you are enjoying a well-deserved break with your loved ones during this scorching summer. I’ve been actively involved in several community events throughout June and early July and had so much fun.  If you’d like, you can follow me on instagram at Xing Gao (@xingottawa) • Instagram photos and videos , where I’ve been sharing some of the incredible pictures and videos from these events. It would be wonderful to see some of you there! Market Update First, I would like to provide you with some latest Ottawa residential real estate market updates.   As of June 2023, the Ottawa real estate market continues to demonstrate resilience in maintaining the status quo, despite the first negative reactions to the Policy Interest raise. Compared to May 2023, the average price has maintained on freehold, single-family properties, while condo prices saw a 1% month-over-month increase. However, the available inventory has decreased, which should be nor...

Hello from Ottawa. One question I often get asked by some of my clients is whether they can purchase a property. For several years now, both the Federal Government and the Ontario Provincial government tried to reign in the soaring real estate prices and multiple laws, and regulations by both orders of government have been implemented, which created a lot of confusion both for buyers and for real estate professionals. If you are a student on a study permit or a worker on an open or sponsored work permit, you probably are wondering how these new regulations affect you. I will try my best to explain how these new laws and regulations will affect you. If you need specific advice for your situation, please contact me directly. What is the Prohibition on the Purchase of Residential Property by Non-Canadians Act and The Non-Resident Speculation Tax (NRST) In Canada, both Federal and Provincial governments can pass legislation and regulations on matters related to their perspective legislativ...

Hi Ottawa, This is my first real estate blog, and I would like to begin by thanking all of you that have made my professional journey as a Realtor ® a very exciting and enjoyable one. I am here to serve you and your loved ones on anything related to real estate in the Greater Ottawa area, whether it is to upsize/downsize your home, find your perfect first home, rent out or find your rental, or simply want to chat, I am just a phone call away! Market Update First, I would like to provide you with some latest Ottawa residential real estate market updates. As of May 2023, the Ottawa real estate market continues to demonstrate stability and growth, despite higher borrowing costs and continued assessment from some experts as overvalued ( Ottawa real estate: CMHC warns housing prices to decline for the first time in nearly 30 years | CTV News ). Compared to April 2023, the average price has maintained on freehold, single-family properties, while condo prices saw a 2% month-over-month...