Blog

Ottawa Real Estate Board Report

The Ottawa Real Estate Board reported 1,203 unit sales in the month of August, a decrease of 1.1% over August 2013.  This is slightly above the five year average for the number of sales during the month of August.  The number of new listings increased during the month of August and represents a 12 % […]

Do you have a will?

Without a will, one’s passing is deemed to be “intestate”. Simply put, this means that the provincial government decides how your assets will be divided, and not you.  

Thank you…

My heartfelt gratitude to those of you who have contributed to my success as a realtor. You have helped me achieve membership in the National Chairman’s Club – the top 1% of the Royal LePage residential sales force in Canada – again this year. And because this is my 10th year for winning this honour, […]

Optimism about market, economy

Ontarians seem hopeful about the provincial real estate market, according to new research conducted by the polling firm of Ipsos Reid for the Ontario Real Estate Association (OREA). One third of Ontarians (33%) say the market will strengthen rather than weaken (21%) in 2014. Looking even further ahead – 10 years’ time – significantly more […]

Carbon monoxide detectors to be mandatory in homes

The Ontario legislature recently passed a bill to make carbon monoxide detectors mandatory in homes across the province. The legislature voted to support a private member’s bill requiring home owners to install carbon monoxide warning devices just as they would smoke detectors. The bill passed unanimously in the legislature.  

2014 housing starts to remain stable

Canada Mortgage and Housing Corporation (CMHC) expects total housing starts to be stable in 2014, as fundamentals such as employment growth and migration continue to support the Canadian housing market. That’s the forecast contained in CMHC’s fourth-quarter outlook report.

Ottawa Real Estate Scams

The Ottawa Police Service Organized Fraud Unit is investigating public complaints of real estate fraud using online classified sites. Unknown suspects are duplicating genuine online postings of area properties at a drastically reduced asking price. To date, phony ads have been posted on Kijiji and ForSaleByOwner.ca. The suspect(s) represent themselves as agents for the property […]

Bank of Canada stands pat on key interest rate

The Bank of Canada made no change in its key policy interest rate this morning as expected, leaving it at the one per cent level it has been at for the past three years. The central bank said low interest rates will remain “appropriate” as long as inflation and growth in Canada remain subdued. The bank noted that the global economy continues […]

CMHC cools mortgage market with new cap for banks

Canada Mortgage and Housing Corp. is putting a cap on the amount of mortgage-backed securities sold by banks that it is willing to guarantee. A spokesperson with CMHC confirmed media reports Monday that the national housing agency will, effective immediately, limit banks and other mortgage lenders to $350 million worth of new mortgage-backed securities per […]

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