Yearly Archives 2014

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.  
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Ottawa Residential Housing Price Increases between 1956 and 2013

As the Nation’s Capital, Ottawa has always been a great city in which to buy real estate, whether for home ownership or investment purposes.  Over the years, when the rest of the country was experiencing dramatic downturns in their real estate markets, Ottawa seemed to be insulated and the housing market remained steady. This historical trend continues today, and presently Ottawa enjoys a diverse employment base that helps it to weather the economic storms.  In contrast, the housing markets in other communities across Canada continue to be directly affected by local economic conditions and downturns in local industries. The chart
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Measuring humidity in your home

We need humidity for our comfort and health. Instead of guessing whether or not you have a humidity problem inside your house, purchase a small, inexpensive, and easy-to-use instrument called a hygrometer (humidity sensor). Humidity is normally measured as relative humidity (RH). RH is a percentage that indicates the amount of moisture in the air relative to the maximum amount the air can hold at that temperature. You should place it where the  humidity symptoms are most obvious, in the room that you are most concerned about, or where your family spends the most time. Don’t place your hygrometer near
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Ottawa Real Estate Statistics

The Ottawa Real Estate Board reported 589 unit sales in the month of January, virtually the same as January 2013. The five year average for the number of sales in the month of January is 640 units. The number of new listings taken in the month increased by 2% compared with January 2013.  The average sale price increased.  At $346,744, it was up by 1% from January 2013 and was also up from the previous month.  The listing inventory is up 7% above January 2013.  The sales to listing inventory ratio was at 11% which indicates a buyer’s market. The average
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Now Sellers Can Choose Their Commission Rate

Today more than ever, consumers have choices when it comes to what commission rate they will pay when listing their home for sale.  From flat fees to full service fees, and many options in between, it seems that consumers are spoiled for choice.  But if you’re considering listing your home for sale, you simply must make sure that you clearly understand exactly what each level of service provides. What are you getting for the fee you’re paying? What level of service can you expect to receive? How much of the process will you be expected to perform? Will your agent
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Ottawa’s resale market lands softly in January’s deep freeze

Members of the Ottawa Real Estate Board sold 589 residential properties in January through the Board’s Multiple Listing Service® system, compared with 594 in January 2013. “Residential sales this January were virtually identical to January 2013. Our members sold five more freehold residential properties and 10 fewer residential condos. Statistically, the difference is less than one per cent,” says President of the Ottawa Real Estate Board, Randy Oickle. “The market activity is encouraging for homeowners considering the deep freeze Ottawa experienced this past month – a time when people are more apt to stay in and stay warm instead of
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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, I have also been awarded the Lifetime National Chairman’s Club Award for 2013. I am extremely appreciative of these awards. While they are an acknowledgment of my labours, they are also a tribute to those of you who have helped make them possible. And so…
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Wellington Village – $333,000

Sun-filled & spacious west-facing 2 bedroom, 2 4-piece bathroom condominium in Wellington Village beside the GCTC. This cozy & welcoming home features an open-concept floor plan, in-unit laundry, 2 balconies, updated appliances, underground parking, & storage facilities. Walk to shops, banks, restaurants, grocery stores, the Parkdale market, the theatre, and so much more! 60 day/TBA poss. Walk everywhere @ 304-99 Holland Avenue! (more info)
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Condominium Living

An Ideal Lifestyle for Some People Wanting Freedom and Forced Savings for Repairs and Replacement So you want to purchase a home but don’t want to spend your weekends mowing the lawn or shoveling snow.  Then condominium living may be just what you’re looking for! With a condominium, you own your individual unit in a multi-unit property, plus you share ownership of the land and other common elements with the other condominium unit owners.  Common elements typically include the hallways, elevators, parking lot, landscaped areas, swimming pool, games room, and the like. Condominium Fee Just remember that unlike freehold properties,
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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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