Monthly Archives January 2014

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 Ontarians (50%) believe the Ontario real estate market will strengthen rather than weaken (20%), speaking to the long term investment of a home.
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Mortgages today offer a new form of hidden savings!

  In years past, when Canadians faced an array of higher interest rates, the majority of the home owner’s monthly mortgage payment at the beginning of the mortgage went to paying down the interest, leaving the principal relatively untouched. The following chart shows just how much the interest rate can impact monthly mortgage payments, the interest costs incurred over the term of a mortgage, as well as the outstanding balance at the end of the 5-year term. Example: Based on a $200,000 5-year open variable rate mortgage, amortized over 25 years   Interest Rate Monthly Payment Interest Costs for the
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Craig Henry – $510,000

Beautifully situated Minto built Nevada model boasts almost 2,100 sq ft, plus a fully finished lower level! This family oriented home features 4 bedrooms, 3.5 bathrooms, hardwood floors on the main level, new roof shingles and c/air, interlocking driveway, walkway & patio, a fully fenced & enclosed rear yard on a very quiet street with nearby amenities and services. 90 day/TBA possession. Child friendly @ 2 Jack Aaron Drive! (more info)
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Why January is a GREAT time to list your home for sale

  So it’s January, it’s cold outside and there’s snow everywhere. You’re anxious to sell your house, but you think January can’t possibly be the best time for that. Your family and friends all agree that April is a much better month to put your house on the market. So you wait……. and wait ……. and wait. Well STOP WAITING!! Here are 3 great reasons to list your house for sale in January. 1. There are fewer houses on the market – you’ll have less competition and a greater chance of getting an offer. 2. Anyone house hunting in January
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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.  
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Ottawa Real Estate Statistics

The Ottawa Real Estate Board reported 610 unit sales in the month of December, a decrease of 1% compared with December 2012. The five year average for the number of sales in the month of November is 646 units. The number of new listings taken in the month decreased by 2% compared with December 2012.  The average sale price increased.  At $340,021, it was up by 1% from December 2012 but was down from the previous month.  The listing inventory is up slightly at 3.5% above December 2012.  The sales to listing inventory ratio was at 13% which indicates a buyer’s
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Kanata Lakes – $359,900

Immaculate, sun-filled 3 bedroom, 2.5 bathroom townhome in Kanata Lakes with no rear yard neighbours, backing on a private area of golf course! This spacious family home with large principal rooms features hardwood floors throughout all levels (stairs included). Updated windows, gas furnace, roof shingles, and much more! April possession. Move in ready @ 221 Knudson Drive! (more info)
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