Ottawa Real Estate: May 2019 Market highlights

Ottawa Real Estate: May 2019 Market highlights

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 ...

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Why Summer Can Be a Great Time To List Your Home

Why Summer Can Be a Great Time To List Your Home

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 ...

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Importance of Community

Importance of Community

The word community can mean different things to different people. It can simply be a name to define a certain geographical area or neighbourhood, or it can mean a lot more. For many people, finding the right community is much more than location; it’s finding a neighbourhood with like minded people, amenities of interest, or even just a place that feels like home! Everyone is different and there are many factors that affect our sense of community; this is why ...

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Post Flood 2019: What to do as the Water Recedes

In the last few weeks, parts of the Ottawa area have seen record flooding and with the water slowly receding, it’s now time to think about the next steps. Whether you are a homeowner affected directly or just want to lend a helping hand, there is still a lot that will need to be done. Here is what you need to know, but for the most up to date information on everything flood related, it is important to check www.ottawa.ca ...

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Ottawa Real Estate highlights & Market Snapshot April 2019

Ottawa Real Estate Highlights April 2019: There’s been an upward pressure on prices due to the continuing lower supply levels (residential supply is down 18%, and condo inventory is down almost 40% from last April 2018 according to the latest OREB stats). However these price points are “still well under the Canadian average, and our residents tend to be in comfortable financial situations due to secure employment and a thriving local economy.”   who also notes that  “Certainly, the stunted supply ...

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Selling Your Home Yourself May End Up Costing You

It may seem tempting, to try and save money on commission, to sell your home yourself but it’s important to consider all the factors. In a lot of cases, sellers who choose to go this route do not come out ahead so let’s look at why.   What are You Really Saving? Let’s use as an example a 5% commission of the sale price of your home that you may pay to a full service real estate company for their ...

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Getting Ready for a Move

As the end of April approaches, many people in Ottawa are preparing to move. Whether you bought or sold in the busy spring market, it’s time to start packing! Packing is often everyone’s least favourite task in the moving process but just remember, there is a light at the end of the tunnel; before you know it you will be in your new home! Here are some helpful hints to guide you as you prepare for closing day. Start Now! ...

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Buying in a Seller's Market

If you are thinking of selling, the current low inventory and rising prices in Ottawa may make right now seem like the perfect time but it may seem like a different story if you are looking to buy. Whether you are looking to buy your first home or looking to up or down size, it may seem like a very challenging time to purchase a home. Not to worry though, with some creativity and careful planning, there are ways to ...

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Tidying Up: The Joy of Purging

Earlier this year, Netflix launched Tidying Up with Marie Kondo, a wildly popular series based on Marie Kondo’s bestselling book The Life-Changing Magic of Tidying Up. The series outlines, in a step by step guide, the Konmari method of cleaning and organizing and it has had everyone talking (and purging!) Second-hand stores have seen a surge of donations unlike they have ever experienced before and people are saying goodbye to many of their possessions with hopes of finding joy living ...

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OTTAWA REAL ESTATE HIGHLIGHTS: Higher Prices, Fewer Residential Sales

Tightness of listing supply is significantly reducing days on market,  properties are selling very quickly.   The latest statistics are out from the Ottawa Real Estate board!   here are the highlights… 1,511 residential properties were sold in March through the Board’s Multiple Listing Service® System, compared with 1,654 in March 2018, a decrease of 8.6 per cent. 1,136 in the residential property class, a drop of 12.4 per cent from a year ago, and 375 in the condominium property class, an ...

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FAQ – Multiple Offers Simplified

A few years ago, multiple offers were a somewhat rare situation in the Ottawa real estate market, but have become common recently in certain neighbourhoods and for certain types of homes. Multiple offers can seem overwhelming but in reality, there is nothing to worry about! Whether you are looking to buy a home that has garnered a lot of interest or are looking to sell your home in this hot market, our Royal LePage Team Realty Realtors® are here to ...

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Infill Homes

As Ottawa continues to grow, more and more infill homes are popping up in key neighbourhoods around the city. Infill homes can sometimes be a contentious issue within a neighbourhood but they can also improve the housing stock, add value to the community, slow urban sprawl, and replace older and outdated homes with more modern and appealing options. What are Infill Homes? In the natural progression of any city, the city’s core contains the oldest buildings with new construction occurring ...

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Ottawa Neighbourhoods to Watch

Spring Market: 4 Neighbourhoods to Watch As the spring real estate market in Ottawa heats up, here are some neighbourhoods that will certainly be of interest to home buyers. Each of these communities has something unique and different to offer so there is something for everyone.  No matter what community you are looking at, don’t forget to hire a Realtor® to help you find your dream home (and make sure that you get it for the right price!) Bells Corners – ...

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Why Use a Full Service Realtor®?

The decision to buy or sell a home is a big one; there is so much to think about and do! A home is likely the largest investment you will ever, or have ever, made in your life and it’s important to have someone you can trust to make the process as smooth as possible and offer expert advice. A Royal LePage Team Realty Realtor® offers full service support which ensures that you will have experience, knowledge, and expertise in ...

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Ottawa Real Estate Update: February Buyers Snap Up Limited Inventory

Ottawa Real Estate Update: February Buyers Snap Up Limited Inventory

FEBRUARY 2019 Ottawa Real Estate MARKET HIGHLIGHTS  Buyers Snap Up Limited Inventory! HIGHLIGHTS (RELEASED BY THE OTTAWA REAL ESTATE BOARD MARCH 5TH, 2019) Total properties sold: 1,005 residential properties sold on MLS® compared with 978 in February 2018, an increase of 2.8%  756 in the residential property class, a rise of 3.8% over Feb 2019 249 in the condominium property class, a decrease of 0.4 % from February 2018. The five-year average for February sales is 949. “February has been ...

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Spring Cleaning – Get the Kids Involved

As the warmer temperatures begin to roll in, there is no thought more prevalent than the beginning of spring cleaning. Spring is a time when all the forgotten places of winter begin to come to light, and there is nothing more refreshing than refreshing your home. A major topic these days is how to involve your kids in spring cleaning, especially in a way that is fun and engaging for them. The hope is to get your kids involved and ...

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#TenYearChallenge

Recently social media has been filled with people taking the #TenYearChallenge. The premise is simple, share your profile picture from 10 years ago side by side with your current one. It’s a fun way to look back at the past and see how much we have all changed. We thought it would be fun to take our own #TenYearChallenge and see how things stack up in Ottawa Real Estate  compared to ten years ago. Setting the Stage: Ottawa in 2009 ...

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Embrace Winter: Go for a Skate!

This winter has been a challenging one for everyone; whether it’s the treacherous commutes or never-ending “snow days”, it can be hard to see the light at the end of the tunnel! Instead of focusing on how many more cold days lie ahead, try embracing the season for all that it has to offer. Skating is a truly Canadian activity but many of us haven’t laced up our skates since we were kids. Ottawa has many great ways to enjoy ...

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Ottawa Real Estate Update: January 2019 Record-Breaking Home Sales!

January 2019: Record-Breaking Home Sales! February 5, 2019 Highlights Members of the Ottawa Real Estate Board sold 820 residential properties,  an increase of 15.8 % over January 2018. 611 in the residential property class, a rise of 14.2% over January 2018 209 in the condominium property class, an increase of 20.8% over January 2018 $432,829 was the average sale price of a residential-class property,  an increase of 1.5 percent over January 2018. The average sale price for a condominium-class property was $283,990, ...

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President and CEO of Royal LePage Named Most Influential Canadian in Residential Real Estate

For the sixth year in a row, Swanepoel Power 200  (SP200) has named Phil Soper, President and CEO of Royal LePage, the most influential person in Canadian residential real estate. The SP200 is the definitive ranking of residential real estate leaders across North America. Soper was ranked 11th overall, rising three positions from last year. With over 17,000 agents nationwide Royal LePage – a proudly Canadian company – is the largest real estate in brokerage in the country. Soper has ...

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Home Inspections: What You Need To Know

A home is quite likely one of the biggest purchases of your life and you want to make sure that you know what you are buying. While the home may have looked perfect to you, there may be underlying issues that are only visible to a trained eye. For this reason, it is important that you include a home inspection in the conditions of your offer. You should never judge a book by it’s cover and the same is true ...

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The Benefits of Home Staging

The Benefits of Home Staging

Defining Home Staging You may hear your Realtor suggest home staging in order to increase its chances on the market. Before you brush off the idea and assume you don’t need it, you should understand what it is and how you can benefit from it. Home staging is more than decluttering and depersonalizing your home, it’s when you hire professionals to reinvent the living space for new potential buyers. Home staging professionals know how to lay out a home in ...

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New Year, New Home

New Year, New Home

How do you know if you’re ready to move? Besides deciding that it’s something you want to do in the new year, and planning for the big transition, how can you be sure it’s the right call? Has your family grown too big for the house? Perhaps it’s not by choice but due to work. Are you interested in downsizing? Here is a checklist you might want to review before you go looking for a new home. Looking For More ...

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Market Snapshot:  Ottawa Real Estate December 2018

Market Snapshot: Ottawa Real Estate December 2018

That’s a wrap: Ottawa Real Estate Market December 2018! As 2018 wrapped up, the inventory shortage has had a ripple effect; while residential sales were down slightly, it also fueled the condominium market. Overall, 2018 was another stellar year in Ottawa real estate!  If you’re thinking of making a move in 2019, we know real estate. We’d love to chat! Another Stellar Year for Ottawa’s Real Estate Market (excerpts below were taken from the Ottawa Real Estate Board’s news release ...

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Winter in Ottawa

Winter in Ottawa

Festivals and Events to Keep You Busy This Season Winter may seem like the perfect season to curl up on the couch and binge-watch your favourite Netflix series, but that would also mean missing out on a multitude of engaging and culturally diverse activities in the Ottawa and surrounding area. Read below for a highlight of this years winter events and festival lineup; before you know it, you will be kicking off your slippers and throwing on your snow gear ...

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