Monthly Archives April 2016

March Resale Market Springs Into Action

Members of the Ottawa Real Estate Board sold 1,166 residential properties in March through the Board’s Multiple Listing Service® system, compared with 1,200 in March 2015, a decrease of 2.8 per cent. The five-year average for March sales is 1,220. Homes are starting to sell faster, indicating that we are heading into our busy spring market! In March, 3,203 homes were listed, up 38.6 per cent since February, and inventory on hand at the end of March also rose by 17.5 per cent from last month. Although there is a slight dip in units sold compared to last year, average
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10 Things You Might Not Know About Ottawa

Ottawa has been Canada’s official capital since the Confederation of 1867, and has since developed into one of the country’s most important political, technological and cultural hubs. If you live in Ottawa or are considering a move to the area, there is plenty of interesting information to learn about this city. Here are ten facts, both current and historical, to get you started.   Founded in 1826, Ottawa was originally named “Bytown” in honour of Lieutenant Colonel John By, the engineer who managed the construction of the Rideau Canal. In 1855, the city incorporated and was re-named Ottawa. The name
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What Home Owners Can Do With a Tax Refund

  If you are a homeowner, a tax refund presents opportunities to invest for a profit that aren’t available to renters. Whether you plan to sell, stay or are undecided, there are ways to optimize the financial impact of your refund. The first step is to treat your refund check the same as you treat your paycheck. Avoid the temptation to splurge and give that refund money a purpose. Here are three home owner-only options to grow that refund:   But, Are You Withholding Too Much? Most of us enjoy getting a large tax refund every spring. But, a refund
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8 Tips For Moving With Pets

Moving can be an exciting and stressful time for everyone – including your pets. Routine and familiarity are important to animals, and you want to keep that in mind as you prepare to move into your new home. Here are 8 tips to help make moving day a relaxed and happy time for you and your pets, and to help them transition into a new neighbourhood. As soon as you know you are moving, alert your vet and begin looking for a clinic in your new neighbourhood. Once you have chosen a new vet, request to have your pet’s medical
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What Mortgage Strategy Is Best For Millennials, Gen Xers and Baby Boomers?

When it comes time to purchase a new home, your mortgage strategy will likely depend on the stage of life you are in. Early-career home buyers (Millennials) have just entered the workforce so they usually have little cash and may be in debt. Gen X home buyers are busy trying to advance their careers, raise families and save for retirement. Baby boomers have often left the workforce, so they have less income and may already be spending their retirement savings.   Each of these life stages present unique challenges that call for a different mortgage strategy. Here are some tips to
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Tips from a Glabar Park Realtor®

Affectionately referred to as “The Glabarhood,” Glabar Park is a small but friendly community in the west end of Ottawa, featuring spacious family homes built between the 1940’s and 1960’s. Welcome to the Glabarhood Located between Woodroffe Avenue to the west, Maitland Avenue to the east, Carling Avenue to the north, and the Queensway to the south, Glabar Park is a quiet and family-friendly neighbourhood only a fifteen minute drive from downtown Ottawa. With a population of around 2650 in the most recent Canadian census, the area has an active and involved community. Local schools and amenities Glabar Park is
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How Important Is Home Staging?

Because the Internet has changed the way we buy and sell homes, most real estate professionals believe home staging is critical to selling success. Almost all home buyers begin their search online meaning sellers need to make a good first impression so potential buyers want to see their home in person. Hence, staging has taken the residential real estate industry by storm and many sellers are hiring professionals to help them make that first impression. National Association of Realtors (NAR) President Chris Polychron says “staging is an excellent tool that can be used to give a home a little extra
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Centrepointe Homes: Finding the Right One

Centrepointe was originally miles of farmland, but was sold in the 1980’s to Minto Corporation, one of Ottawa’s largest housing developers. Since then, it has become a family-friendly neighbourhood and lively community with plenty to offer homebuyers. Community Feel Located in the west end of Ottawa, Centrepointe is unofficially bordered by Baseline Road to the north, Woodroffe Avenue to east, the CN railroad to the south, and Briargreen to the west. The most recent Canadian census indicates that the neighbourhood has a population of around 7555. Centrepointe is popular amongst families and young professionals, as it offers safe and quiet surroundings
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Buying Old Versus New Properties – Pros and Cons

When buying any commodity, new is often better than used. In the housing market, though, your best opportunity can come from an old home or, as in Ottawa, where the inventory of new homes is overstocked, you may be able to purchase a new home for the same price buyers paid years ago. Here are some advantages and risks of both options.   Advantages of Buying Old Properties   you can physically walk through and inspect the home similar listings have sold or are currently available to use for comparative market analysis when establishing price antique homes appeal to a
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