10 Nov Staying in Touch – November Newsletter
Staying in Touch – November 2023
Read the full issue of Staying in Touch – November 2023
Happy November!
Hopefully you have been enjoying the fall and had time to do your fall maintenance and cleanup before the snow arrives. The real estate market is behaving like the weather, poking along and changing frequently.
How many new listings came to market, how many sales have there been in the past month are factors to gauge market value. It is very important to be competitive and have the right listing price in a market that is changing. Home sales totaled, 816 units in October 2023, about a 2.7% decrease when compared to October 2022. Overall 10,700 units year to date, about a 12.3% decline for the same period in 2022.
All in all it is important to keep to your plan to buy or sell in your time frame, buying and selling at the same time helps. It is interesting to note that there is an increasing number of families sharing homes and building coach houses on their property across Canada. It is forecasted that in the future with the shortage of homes and to lower costs, more families and friends will be sharing homes. Continue to follow the market activity which keeps you informed about your investment and when the time is right for you to make a change.
On November 11th each year, Canadians stand in collective Remembrance of all who have fallen in the military service of their country. The Legion, on behalf of the people of Canada, organizes and conducts the National Remembrance Day service in Ottawa. Click here for more details.
This month we’ve included:
- Update on the Ottawa market and Mortgage information on Fixed or Variable Rates
- Articles: “Finishing Your Basement to Add Value“, “Role of a Real Estate Lawyer When Buying a Home”, “It’s not always about Price, when it comes to Offers on Homes”
- Market news and Upcoming community events including Santa Claus Parades in the Ottawa area.
We are always grateful for your referrals of family and friends. Feel free to contact us with any questions and follow us on our social channels!
We thank you for your continued trust.
Joan, Victoria & Luc
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The Joan Smith Real Estate Family
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