A Strong Finish for Ottawa’s Real Estate Market in 2017
Members of the Ottawa Real Estate Board sold 771 residential properties in December through the Board’s Multiple Listing Service System compared with 711 in December 2016, an increase of 8.4 percent. The five-year average for December sales is 687. The average sale price of a residential-class property sold in December was $434,098, an increase of […]
Inspired. Grateful.
I am honoured to again receive the prestigious National Chairman’s Award with Royal LePage, representing the top 1% nationally. This accomplishment could not have happened without your continuing endorsement. Thank you
Welcome Guests with a Well-Appointed Guest Room
Hosting friends and family is one of the joys of the season. Preparing in advance can make it less stressful to receive visitors anytime. Whether you have a dedicated guest room or a more improvised arrangement for overnight guests, there are many things you can do to make hosting headache-free for you and your family. […]
Neighbourhood Spotlight: Arlington Woods
East of Greenbank and west of Knoxdale Road, just north of West Hunt Club, sits Arlington Woods, a small residential neighbourhood that is part of the larger Trend-Arlington area of western Ottawa. Originally part of the City of Nepean, which amalgamated into the City of Ottawa in 2001, the area was developed by the Campeau […]
New Mortgage Rules for 2018
Starting January 1, new mortgage lending rules will require borrowers to undergo a financial ‘stress test’ to prove they could afford their mortgage if interest rates were to increase. Currently, buyers who provide less than 20% of their purchase price as a down payment are required to insure their mortgages. They must purchase mortgage insurance […]
November Blues? Not in the real estate market…
Members of the Ottawa Real Estate Board sold 1,239 residential properties in November through the Board’s Multiple Listing Service System compared with 992 in November 2016, an increase of 24.9 percent. The five-year average for November sales is 1,001. The Office of the Superintendent of Financial Institution’s (OSFI) announcement regarding the new stress tests for […]
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 […]
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 […]
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 […]
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 […]