Posts by teamrealty

Real Estate Market Snapshot: Hot Market in a Scorching July

August 12, 2019 | Comments Off

The Ottawa Real Estate Board recorded the highest number of July sales in 15 years! Real Estate Market Trends and Highlights July 2019 1,842 residential properties sold on MLS® in July 2019, compared with 1,605 in July 2018, an increase of 14.8 per cent. 1,382 in the residential-property class, up 12.3 per cent from a year ago 460 in the condominium-property category, a rise of 23 per cent from July 2018. The five-year average for July unit sales is 1,579. July’s average sale price for a condominium-class property was $299,665, an increase of 6.8 per cent from last year The
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What's in a Name? A Street Name That is….

July 30, 2019 | Comments Off

Have you ever gone for a walk around your neighbourhood and stopped to think where the street names may have come from? In Ottawa alone, there are almost 10,000 unique names for streets and this number grows almost every day! Street names come from a variety of sources and can have significant meaning or none at all. Let’s take a closer look. Different Conventions Before we get into the actual names, let’s look at the different types and what these conventions can tell you: Road: Simply defined as anything that connects two points. Street: A public road that has buildings
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O Canada – Bring Some Canadian Style Home

July 10, 2019 | Comments Off

Every July, Canadian’s come together to celebrate our amazing country but now that the fireworks are over, you can show your Canadian pride at home. There are many options for decor that is truly Canadian; whether it’s iconic and historic brands or patterns and imagery, there is something for everyone when it comes to Canadian style at home. Here are some examples: Hudson’s Bay Stripes The symbol of the iconic Canadian department has become very trendy in recent years and now there are a variety of items adorned with the famous stripes. The most famous is of course the blankets
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Market Snapshot: June 2019 Ottawa Real Estate update

July 8, 2019 | Comments Off

Condo Sales Continue to Dominate Resale Market | Ottawa Residential Average Sale Price Climbs over $500K for the first time ever July 4, 2019 from the Ottawa Real Estate Board’s latest News Release Members of the Ottawa Real Estate Board sold 2,105 residential properties in June through the Board’s Multiple Listing Service® System, compared with 2,064 in June 2018, an increase of 2 per cent. June’s sales included 1,612 in the residential-property class, on par with a year ago, and 493 in the condominium-property class, a rise of 8.8% from June 2018. The five-year average for June unit sales is
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Canadianisms Around the Home

June 28, 2019 | Comments Off

On Canada Day, we must take a moment to think about what makes us truly Canadian. Put on your thinking toque, grab a caesar, double-double, or pop, while we consider some of those truly Canadian terms that we use around the home almost every day. But fear not, there’s no need to cause a kerfuffle; all Canucks will know what you mean, eh? Eavestrough: Did you know that most of the World refers to these as gutters? Eavestrough is a 100% Canadian term. We wonder if this applies to the term “eavestroughing” for listening in on someone’s conversation? Hydro: Referring
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Ottawa's Eco-Friendly Communities to Watch

June 26, 2019 | Comments Off

While lots of work is being done at all levels to ensure that the City of Ottawa as a whole is as eco-friendly as possible, there are a few communities that are leading the way. Everyone can make a difference, no matter where you live, but these neighbourhoods were designed with the environment in mind. Each is different but all are making a big impact. Greystone Village Located just minutes from the downtown core in both a scenic and historic setting, Greystone Village is Ottawa’s only public LEED-ND candidate community. LEED certification is given to projects that meet strict guidelines
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Little Ways to Make a Difference

June 14, 2019 | Comments Off

10 Tips for a More Eco-Friendly Home Being eco-friendly doesn’t need to be hard or even expensive. There are little things that we can all do around the house that can have a significant impact on the environment. It doesn’t need to happen overnight but every step counts in the journey towards preserving our planet. Here are 10 simple things that you can do around your home to make a difference: Turn the thermostat down a degree or two in the winter, and up a degree or two in the summer; your energy consumption will go down as will your
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Eco-Friendly Listing of the Future

June 7, 2019 | Comments Off

What would an eco-friendly dream home of the future look like? Here’s what we imagine! While it is great to dream, check back next week for great ideas of things that you can do in your home to make a difference. Welcome home to the eco-friendly home of your dreams! Upon first glance, this home may not seem all that different from the rest of the neighbourhood but the green details promise to impress. This home will save you money on utilities, provide great resale opportunities as eco-friendly upgrades add value, and will leave you feeling good as you reduce
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Ottawa Real Estate: May 2019 Market highlights

June 5, 2019 | Comments Off

Highlights: Total properties sold : 2,423 in May through the Board’s Multiple Listing Service® System, compared with 2,271 in May 2018, an increase of 6.7 per cent. May’s sales included 1,869 in the residential property class, an increase of 4.6 per cent from a year ago. 554 in the condominium property class, an increase of 14.2 per cent from May 2018. The five-year average for May unit sales is 2,167. Average sale price for a condominium-class property was $297,731, an increase of 5.8 % over May 2018 Average sale price of a residential-class property was $493,691, a rise of 6.4%
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Why Summer Can Be a Great Time To List Your Home

May 31, 2019 | Comments Off

Everyone knows spring tends to be the real estate “busy season” but that doesn’t mean that you are too late to list your home now that we are coming into summer. Summer can be a great time to list, specifically in the greater Ottawa area. Buyers purchase homes year round and there are certainly advantages to listing your home in the summer. Here are 6 reasons why summer is the perfect time to sell your home: 1.Active Buyers are More Serious. Although there may not be as many buyers in the summer, active buyers tend to be more serious when
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