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Autumn Leaves are Falling; Home Prices are Not…

Members of the Ottawa Real Estate Board sold 1,393 residential properties in September through the Board’s Multiple Listing Service System, compared with 1,383 in September 2017, an increase of only 0.7 percent. The five-year average for September sales is 1,303. September’s sales included 1,046 in the residential property class, a decrease of 2.5 percent from a year ago, and 347 in the condominium property class, an increase of 11.9 percent from September 2017. The average sale price of a residential-class property sold in September in the Ottawa area was $449,613, an increase of 7.9 percent over September 2017. The average
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Summer Ends, Active Real Estate Market Continues…

Members of the Ottawa Real Estate Board sold 1,586 residential properties in August through the Board’s Multiple Listing Service System, compared with 1,535 in August 2017, an increase of 3.3 percent. The five-year average for August sales in 1,417. August’s sales included 1,188 in the residential property class, relatively unchanged from a year ago, and 398 in the condominium property class, an increase of 10.9 percent from August 2017. The average sale price of a residential-class property sold in August in the Ottawa area was $433,684, an increase of 3.1 percent over August 2017. The average sale price for a
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Make Your Condo Balcony a Selling-Point

In the condo market, a well-maintained balcony with a stellar view can be a powerful tool to attract potential buyers. While the low-maintenance aspect of condo living is appealing, many condo dwellers still want a private outdoor space to enjoy. Even a small balcony off the living room or bedroom, decorated with care and style, can extend the living space of your condo, increase your enjoyment of your home, and give your home real market appeal. Floating, interlocking outdoor decking tiles are one of the quickest and easiest way to upgrade your balcony or patio. They can give the space
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A Sizzling Summer for Ottawa Real Estate

Members of the Ottawa Real Estate Board sold 1,614 residential properties in July through the Board’s Multiple Listing Service System, compared with 1,524 in July 2017, an increase of 5.9 percent. The five-year average for July sales is 1,501. July’s sales included 1,238 in the residential property class, an increase of 3.6 percent from July 2017 and 376 in the condominium property class, an increase of 14.3 percent from a year ago. Ottawa’s condo market continues to positively impact overall residential sales trends with year-to-date condo unit sales up 16.5 percent from this time last year. Overall inventory levels in
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The Pros and Cons of Condo Living

The condominium market is expected to see continued steady growth in most Canadian real estate markets this year. Demand for condos tends to be driven by young professionals, interested in living and working in the downtown core of an urban center, and retiring baby boomers, looking to downsize to a lower-maintenance home, convenient to amenities. Is condo living right for you? There are a number of pros and cons to consider. In condominium complexes, maintenance such as lawn-mowing, leaf-raking, weeding, and shoveling are handled by hired maintenance professionals, meaning a lighter load of chores for the homeowner. Living in a
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Neighbourhood Spotlight: Kanata

Kanata is one of Ottawa’s largest suburban areas, but with a growing population and a bustling economic and cultural life, it is far from a sleepy bedroom community. Comprised of more than a dozen neighbourhoods spread over some thirty square miles, Kanata is home to many of the region’s major hi-tech employers and a variety of large recreational and cultural institutions, making it an attractive community for young professionals and their growing families. Originally part of the township of March, which was first settled by Europeans in the early nineteenth century, this was a mainly agricultural area until the 1960’s,
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Choosing Art for Your Home

Your house starts to become your home on moving day, when you begin to arrange furniture, unpack boxes, and make choices about how to make the space your own. Artwork and personal mementos can be among the most important items to make a new home feel cozy and familiar. But for some of us, figuring out how to personalize a place with artistic touches can be a challenge. Here are a few tips on how to use artwork to make your home your own. Pick Something You Love The most important factor when choosing artwork or other decorative features for
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Condo Sales Keep Market from Over Heating

Members of the Ottawa Real Estate Board sold 2,070 residential properties in June through the Board’s Multiple Listing Service System, compared with 2,163 in June 2017, a decrease of 4.3 percent. The five-year average for June sales is 1,914. June’s sales included 455 in the condominium property class, an increase of 11.5 percent from June 2017 and 1,615 in the residential property class, a decrease of 8 percent from a year ago. The first half of 2018 has performed very well with the number of year to date residential sales almost identical to this time last year. Condo unit sales
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Spring Market Churning Along

Members of the Ottawa Real Estate Board sold 2,279 residential properties in May through the Board’s Multiple Listing Service System, compared with 2,294 in May 2017, a decrease of 0.7 percent. The five-year average for May sales is 2,041. Overall inventory stock is down in both the residential and condo market. The number of home sales that took place in May indicates that inventory is turning over quickly – certainly a sign that Ottawa is a healthy real estate market. The average sale price of a residential-class property sold in May in the Ottawa area was $464,401, an increase of
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5 Signs You Are Working with the Right Realtor

Buying or selling a home can be a difficult and stressful process, but if you find the right qualified real estate representative, it can be much easier – maybe even pleasurable! Here are a few of the characteristics to look for in a Realtor: Communication A great realtor has some of the qualities of a great teacher. Great real estate agents take the time to build relationships and trust so that they can understand the needs of their clients and communicate with them sensitively and honestly. They can explain the buying and selling process step by step and answer your
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