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 […]
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 […]
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 […]
Canada 150: Enjoying the Fall Season
Canada’s 150th milestone is here and in full swing; and what a year it’s been so far! We’ve bundled up as we watched our favourite downhill skaters at Red Bull’s Crashed Ice, cheered on our favourite musical talents at the 2017 Juno Awards, looked up – way up – at those daring enough to eat, […]
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 […]
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 […]
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 […]
Ottawa Real Estate Market Snapshot July 2017
The latest reports from OREB on the Ottawa Real Estate market show that in many areas the market is showing no signs of a significant summer slowdown. The condo market continues to gain momentum as is the”lifestyle” market which includes homes over the $750,000 price range. Average prices are up in most neighbourhoods […]
Condos: Questions to Ask Before You Commit
Condo ownership is attractive in Canada’s current hot housing market because condos tend to be less-expensive than single detached homes; condo buildings often offer attractive amenities; and maintenance responsibilities are shared among residents. Owning a condo unit can be a less-intimidating first-step toward home ownership, a great way to downsize, or an appealing option for […]
Reflections on Canada 150
Canada Day is usually a big event in Ottawa; it is the nation’s capital after all, but this year was an even bigger celebration owing to 2017 being the 150th anniversary of Canada’s founding. In order to celebrate this momentous event, Ottawa pulled out all the stops to throw a Canada Day celebration that people […]