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Should You Own A Generator?

Winter is approaching and with it, blizzards, ice storms, and other extreme weather events for which we Canadians ought to be prepared. Even if you live in an urban area with lots of resources and amenities, your family should have an emergency plan in place and an emergency kit on hand that includes everything you would need in the event of a major storm or power interruption. Depending on a number of factors, you might also want to consider investing in a back-up generator. A generator can provide back-up power in the event of a long-term power outage. If such
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Making a Smart Purchase in a Seller’s Market

While Ottawa’s real estate market remains more balanced than some other large Canadian cities, increasing condo sales and a tightening inventory of available homes means that, in many Ottawa neighbourhoods, sellers will have the advantage in real estate negotiations. If you are interested in making a purchase in such a market, it is especially important to work with an experienced real estate professional whose negotiation skills and local knowledge will give you an edge as a buyer. Getting the home you want can be a challenge in a competitive real estate environment, but there are still things you can do
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Resale prices climb in October!

Members of the Ottawa Real Estate Board sold 1,243 residential properties in October through the Board’s Multiple Listing Service System, compared with 1,214 in October 2016, an increase of 2.3 percent. The five year average for October sales in 1,165. We continue to see the resale market outpace last year’s performance, which included 261 in the condominium property class, and 982 in the residential property class. Condominium sales continue to drive the overall residential sales market, with a year to date increase of 21.4 percent over the same time period last year. Year to date, there has been an increase
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Ottawa Tops the List of Best Places to Live in Canada

For the second year in a row, MoneySense Magazine has ranked Ottawa as the #1 place to live in Canada. This news is hardly a surprise to those of us who love the Capital City. Ottawa has low unemployment, a healthy median income of $91,000 per year, and a less frenzied real estate market than other large Canadian cities, MoneySense says. Considering historic upgrades to public transit, access to excellent health and medical services, and ever-expanding opportunities to enjoy world-class arts and culture, and it is no wonder that Ottawa is such a desirable place to call home. MoneySense used
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Understanding Flood Insurance

According to the Insurance Bureau of Canada, water damage has now surpassed fire as the leading cause of home insurance payouts. As climate change advances, Canadian insurance adjusters believe that flooding will become increasingly common. Large cities, including Toronto and Calgary, have experienced historic flooding in the past few years, and so has the Capital Region. Many of our friends and neighbours here in Ottawa are still recovering from flooding this spring, which affected hundreds of homeowners within the city and displaced many more Gatineau residents, some permanently. In the wake of flooding, homeowners are often surprised to learn that
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Steady September contributes to strong third quarter for 2017

Members of the Ottawa Real Estate Board sold 1,387 residential properties in September through the Board’s Multiple Listing Service System, compared with 1,365 in September 2016, an increase of 1.6 percent. The five-year average for September sales is 1,250. There does not appear to be any slowdown in the condo market. Sales have been increasing in this property class since February, with the average increase in this property class since February, with the average increase per month coming in at 25.5 percent. Inventory levels and the number of new listings continue to tighten compared to the same time last year,
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Fall Fireplace Maintenance

A fireplace is an amenity often sought-after by homeowners, and some research even indicates that a fireplace can have a positive effect on a home’s selling price. It can add a feeling of warmth and luxury to a home, especially in our climate. But if a fireplace isn’t properly maintained, it can quickly become a liability, whether your home is on the market or not. Fireplaces and chimneys are involved in 43% of all home-heating fires. Proper care and maintenance will keep your home and family safe. If you have a wood-burning fireplace, have your chimney swept at least once
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Condo Sales Help Set New Record for August Unit Sale

Members of the Ottawa Real Estate Board sold 1,538 residential properties in August through the Board’s Multiple Listing Service System, compared with 1,481 in August 2016, an increase of 3.8 percent. The five-year average for August sales is 1,343. Condo sales continue to strengthen the Ottawa resale market. These numbers also assisted in setting a new record for the number of units sold in August, pushing August 2016 unit sales into second-place. In comparison to last year the number of condo units sold was up 22.1 percent, whereas residential units have held steady with a less than one percent decrease
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Selling A Home That Needs Work

Before putting a home on the market, most sellers undertake some repairs and renovation projects to make the property more attractive to buyers; a fresh coat of paint, a thorough cleaning, replacing a cracked window or a wobbly door knob. Sometimes, however, there is a big project, such as a new roof or an overdue kitchen reno, that the seller is unwilling or unable to undertake before listing. If your home falls into this category, never fear. It is possible to get a competitive price for your home even if there is work to do. It is all part of
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Condo sales drive the Ottawa resale market in July

Members of the Ottawa Real Estate Board sold 1,530 residential properties in July through the Board’s Multiple Listing Service System, compared with 1,490 in July 2016, an increase of 2.7 per cent. The five-year average for July is 1,446. Year to date, there have been 10,825 properties sold on MLS compared to 9,771, an 11.8 percent increase. The Ottawa resale market continues its steady pace into mid-summer, with condo sales really bolstering the market this past month, a continuing positive trend since February. July’s sales included 332 in the condominium property class, (an increase of over 19 percent compared to
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