Monthly Archives November 2016

Second Thoughts on Open Floor Plans

In previous eras, an impressive home was one with many rooms, each intended for a separate family activity. But in the past fifty years, builders have realized that, by designing connected spaces with fewer interior walls, they can fit more usable living space into the same square footage. Open floor plans are popular with many homebuyers precisely because they remove the divisions between the home’s different domains, making it easier for a family to spend time together in a single, common area. Frequently the kitchen, dining room, and living room are combined into a single “great room”, where family activities
Read More

Using a Buyer's Agent

Royal LePage offers optimal customer service in order to deliver the best possible results to its clientele. Contrary to the way real estate was (years ago when real estate brokerages represented only the seller), you now have the option of being represented by a buyer’s agent, who’s responsibility is to protect you, your family, and your best interests all while providing you with the essential information needed in order for you to make an informed decision when it comes time to buying a home.     A buyer’s representative will locate the best homes that fit your needs. This will
Read More

5 Ways to Make a New House Feel Like Home

Moving into a new house is an exciting occasion and the chance for a new beginning. At the same time, a new house may not instantly feel like home. It takes time to settle into your new surroundings and make a place your own. Here are five of our favourite tips to speed up the process. 1. Take a Walk. Feeling disoriented in your own neighbourhood can create a sense of unease. Take a walk or drive around your community to get your bearings. Where is the nearest park located? How do you get to the closest grocery store? Is
Read More

Condo sales lead the way

Members of the Ottawa Real Estate Board sold 1,214 residential properties in October through the Board’s Multiple Listing Service® System, compared with 1,159 in October 2015, an increase of 4.7 per cent. The five-year average for October sales is 1,130. While residential sales are identical to that of October 2015, condominium sales have soared – up by 27.2 per cent over last year. Lower inventory levels, combined with adjusting prices, may be creating these higher than normal activity levels in the condo property class. The average sale price of a residential-class property sold in October in the Ottawa area was
Read More

A Breakdown of Canada's New Lending Rules

There has been a lot of topical chatter about the significant changes our government has recently put in place on Canada’s housing rules. Over the last several years, our government has been known to change the mortgage requirements on numerous occasions which has (and continues to) deeply affect anyone who, is not only looking to perhaps qualify for government-backed insured mortgages, but also those who may be looking to purchase their first home and/or are looking to refinance their existing mortgage. We needn’t be too concerned, however. According to Phil Soper, President and CEO of Royal LePage, “Nationally, our real
Read More

How to Navigate Real Estate when Blending Families

When things are going well in a relationship, the desire to cohabitate is nearly inevitable. However, when you each have kids from previous relationships, and separate homes and finances, it’s easy to get cold feet. With blended families representing one out of every eight two-parent families in Canada, clearly love finds ways! Read on for some tips on navigating this transition. Know your Rights and Options One of the biggest questions is invariably “Where will we live?” There are a number of potential real estate scenarios, each with their benefits and challenges. In every case, it is important to get
Read More