Posts by teamrealty

Ottawa Real Estate Market Snapshot November 2019

Weather isn’t Cooling the Resale Market!  Highlights from the Ottawa Real Estate Board December 4, 2019 Ottawa Real Estate Highlights November 2019 UNIT SALES Members of the Ottawa Real Estate Board sold 1,288 residential properties in November through the Board’s Multiple Listing Service® System, compared with 1,161 in November 2018, an increase of 10.9 %. Residential: 958 Up 10.5 % from November 2018 Condo: 330 Up 12.2 % from November 2018. The five-year average for November unit sales is 1,133. “Even with the typical winter slowdown, Ottawa’s home resale market still experienced a relatively brisk pace in November. Our inventory is
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Picking a Condo that Matches your Lifestyle

While many people once shied away from condominiums, today, this home-owners option is heavily sought out by people of all ages and lifestyles. Condominiums are popping up in all neighbourhoods, with amenities that cater to the needs of people with all types of wants, needs, and abilities. Whether you are a working professional, young family, retiree, live an active lifestyle or require accessibility accommodations, appealing features offered by many of these condominiums are making this home-buyers option an appealing and competitive one. As with the growing market of condominium homeowners, the variety of notable features offered under the fees are
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Ottawa Real Estate Snapshot:  October 2019 

Ottawa Real Estate Snapshot:  October 2019 Properties Sold Total properties sold: 1,607 an increase of 16.9% over October 2018 1,211 in the residential-property class, up 15% over October 2018 396 in the condominium-property category, up 23% over October 2018 The five-year average for October unit sales is 1,319. “New listings are down, inventory remains scarce, and yet more homes changed hands this October than in the past decade and a half,” reports President of the Ottawa Real Estate Board. “It’s perplexing at first; however, when you consider the current breakneck transaction pace in the Ottawa resale market, often requiring homebuyers
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Condo Living – Is it right for you?

There are many advantages to owning a condo, maintenance is a big one.  Typically, condo dwellers have little or no external maintenance.  Not only is there no grass to cut or snow to shovel, but for those who like to travel the only thing you have to worry about is making sure your door is locked.  Sound appealing?  Read on for some tips about things you’ll want to consider when purchasing a condo to live in, or as an investment. Where do I want to live? Start the selection process by deciding on the area of Ottawa that you would
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Condo Living – Is it right for you?

After a few flat years, the Ottawa condo market started picking up steam in 2016 and continues to be a popular choice for Ottawa buyers today. Lower inventory levels and higher prices in the residential market have helped to increase activity in the condo property class.  According to the Ottawa Real Estate Board “September [2019] sales included 436 in the condominium-property category, an increase of 26.4 % from September 2018”.  There are many advantages to owning a condo, maintenance is a big one.  Typically, condo dwellers have little or no external maintenance.  Not only is there no grass to cut
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First Time Home Buyer Incentive – Need a Little Help?

With the recent federal election  there has been a great deal of discussion around the Liberal Government’s incentive for First-time Home Buyers which was effective September 2, 2019.  The Government of Canada has allocated $1.25 billion over the next three years for this program.  The incentive is designed to help first-time home buyers find an affordable home.  Finding an affordable home has proven to be a challenge for first-time home buyers and especially younger Canadians.  The lack of inventory has affected the availability of affordable housing options. This has made the cost of housing as a percentage of gross income
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First Time Home Buyer Incentive – Need a Little Help?

With the recent federal election  there has been a great deal of discussion around the Liberal Government’s incentive for First-time Home Buyers which was effective September 2, 2019.  The Government of Canada has allocated $1.25 billion over the next three years for this program.  The incentive is designed to help first-time home buyers find an affordable home.  Finding an affordable home has proven to be a challenge for first-time home buyers and especially younger Canadians.  The lack of inventory has affected the availability of affordable housing options. This has made the cost of housing as a percentage of gross income
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What can we expect from the Fall Real Estate Market in Ottawa?

In Ottawa, we talk about the Spring market and the Fall market as being the two busiest seasons to buy and sell real estate in Ottawa.  Our Spring market started earlier this year and instead of slowing down over the Summer it continued to be strong throughout the Summer months.  Throughout the year we have seen consistent growth in both listing prices and sale prices.  In June, the Ottawa residential average sale price climbed over $500K for the first time ever!  There is also great news for condominiums. Now that condo prices have bounced back, more condo sellers are deciding
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Is that House Haunted?

Stigma and Real Estate Would the fact that property is believed to be haunted affect your decision to purchase it?  If a property had been the location of an unspeakable act, would that change your opinion on it? Picture this, you’ve just found the home of your dreams and have put in an offer.  Of course you’ll want to make sure that there’s nothing wrong with the home before you firm up so who are you going to call? Ok, so it’s probably your home inspector and not the ghost-busters, however it may surprise you that according to a recent
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Having Your Home Listed Over the Holidays

  If you are planning to sell your home in the next few months, it is wise to plan to maximize the sale of your home. As the temperatures are cooling and the days are getting shorter, we are starting to think of the coming fall and winter seasons.  We will also start to think of the many special holidays we will be celebrating in the next few months. The good news is that buyers who are looking over the holidays tend to be more serious.  We have put together some simple tips that will ease the pressure of having
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