Millennials More Likely to Buy in Ottawa

Generation fares better than national average when it comes to ownership A new study indicates taking a photograph of a sentimental item can make it easier to say goodbye to it. The road to home ownership for Canadian millennials has been bumpy since their budgets shrank by 16.5 per cent, or just over $40,000, following …
Read More

TD/ Canada Trust Economic Highlights – May 22

TD/ Canada Trust Economic Highlights – May 22 Canadian Highlights It was another good week for Canadian equity investors. As of writing, the TSX looks to have finished the week comfortably above the 16,000 mark, up close to 1%, and at its highest level since January. Fixed income investors on the other hand, weren’t so …
Read More

TD/ Canada Trust Economic Highlights – May 14

Canadian Highlights Crude oil prices hit a 3½ year high this week, with the WTI benchmark hitting US$71 per barrel.  While expectations of a U.S. withdrawal from the Iran nuclear agreement have helped to bid up prices recently, the actual impact on the oil market is likely to be limited. Housing starts slowed to 214k …
Read More

TD/ Canada Trust Economic Highlights – May 9

 Canadian Highlights Economic data released this week was a mixed bag. On the plus side, GDP growth topped expectations in February. However, merchandise trade data for March confirmed that net trade is likely to be a drag on Q1 growth. Home sales in April dropped in Toronto, while bouncing higher in Vancouver, though quality adjusted …
Read More

Adam Mills Team Real Estate Market Update – May 2018

Below is a quick snapshot of the Ottawa Real Estate Market and a link to our full newsletter. May Newsletter Summary: April 2018 saw 2,032 homes sell in Ottawa, compared to 1,788 in April 2017, an increase of 13.6%; The average sale price in April 2018 for a home in Ottawa was $455,212 an increase …
Read More

TD/ Canada Trust Economic Highlights – April 30

Canadian Highlights Another week of elevated oil prices helped bring the TSX composite index into positive territory to end the week. The discount received by heavy oil producers remains modest relative to the start of the year, with the benchmark contract holding above $50/barrel for a third week. A solid payroll employment report bodes well …
Read More

TD/ Canada Trust Economic Highlights – April 24

Canadian Highlights The Bank of Canada left the overnight rate on hold at 1.25% at its meeting this week. Its announcement was more upbeat on global growth but still cautious on the potential impact of trade disruptions. The Bank downgraded (slightly) its expectations for near-term economic growth, but upgraded its outlook for inflation. It also …
Read More

Adam Mills Team Real Estate Market Update – April 2018

Below is a quick snapshot of the Ottawa Real Estate Market and a link to our full newsletter. April Newsletter Summary: March 2018 saw 1660 homes sell in Ottawa, compared to 1,478 in March 2017, an increase of 12.3%; The average sale price in March 2018 for a home in Ottawa was $447,561 an increase …
Read More

Adam Mills Team Real Estate Market Update – March 2018

Below is a quick snapshot of the Ottawa Real Estate Market and a link to our full newsletter. March Newsletter Summary: February 2018 saw 979 homes sell in Ottawa, compared to 1,002 in February 2017, a decrease of 2.3%; The average sale price in February 2018 for a home in Ottawa was $429,600 an increase …
Read More

Adam Mills Team Real Estate Market Update – February 2018

February Newsletter Summary: January 2018 saw 712 homes sell in Ottawa, compared to 644 in January 2017, an increase of 7.2%; The average sale price in January 2018 for a home in Ottawa was $427,487 an increase of 8.8% over January 2017; Average complete days on market in Ottawa is 83 days across all property types. Also …
Read More