Latest Real Estate News
Ottawa Real Estate Market Snapshot
Ottawa Real Estate Highlights December 2019
Record-Breaking 2019 Closes Out Decade
Another record breaking year in both the number of sales & average prices! The average sale price of a residential property crept up over $500K during several months in 2019, with the annual average sale price settling at just below $490,000. As we head into 2020 we anticipate that the prices will continue to in...
All I want for Christmas is a HOME
Buying a house is an exciting time, and whether you are just entering the market or you are a seasoned buyer ready for your next move, investing in real estate is a smart decision. To some, the Realtor App could be considered the Tinder of the Real Estate world, swiping past sub-par matches looking for the one who really might be worth the work. While looking at homes seems to be a logical first s...
The Season of Giving – Gift Ideas for all the Homeowners in your Life
Coming up with gift ideas for the people in your life can be difficult sometimes. We have put together a gift-giving guide for those people that have moved into a new home or a new condo. Perhaps you are the one that has moved this year if so we included some ideas for little gifts for your new neighbours around the holiday season.
Homeowners
Buying gifts for the new homeowners in your li...
Ottawa Real Estate Market Snapshot November 2019
Weather isn’t Cooling the Resale Market! Highlights from the Ottawa Real Estate Board December 4, 2019
Ottawa Real Estate Highlights November 2019
UNIT SALES
Members of the Ottawa Real Estate Board sold 1,288 residential properties in November through the Board’s Multiple Listing Service® System, compared with 1,161 in November 2018, an increase of 10.9 %.
Residential: 958 Up 10.5 % from Novembe...
Picking a Condo that Matches your Lifestyle
While many people once shied away from condominiums, today, this home-owners option is sought out by people of all ages and lifestyles. Condominiums are popping up in all neighbourhoods, with amenities that cater to the needs of people with all types of wants, needs, and abilities. Whether you are a working professional, young family, retiree, live an active lifestyle or require accessibility acco...
Ottawa Real Estate Snapshot: October 2019
Ottawa Real Estate Snapshot: October 2019
Based on information from on the Ottawa Real Estate Board November 5th, 2019
Properties Sold
Total properties sold: 1,607 an increase of 16.9% over October 2018
1,211 in the residential-property class, up 15% over October 2018
396 in the condominium-property category, up 23% over October 2018
The five-year average for October unit sales is 1,319.
“New ...
Condo Living – Is it right for you?
After a few flat years, the Ottawa condo market started picking up steam in 2016 and continues to be a popular choice for Ottawa buyers today. Lower inventory levels and higher prices in the residential market have helped to increase activity in the condo property class. According to the Ottawa Real Estate Board “September [2019] sales included 436 in the condominium-property category, an increas...
First Time Home Buyer Incentive – Need a Little Help?
new homeowners hold up sign for their first new buy and excitement of new life stage while pregnant
With the recent federal election there has been a great deal of discussion around the Liberal Government’s incentive for First-time Home Buyers which was effective September 2, 2019. The Government of Canada has allocated $1.25 billion over the next three years for this program. The incentive is ...
What can we expect from the Fall Real Estate Market in Ottawa?
In Ottawa, we talk about the Spring market and the Fall market as being the two busiest seasons to buy and sell real estate in Ottawa. Our Spring market started earlier this year and instead of slowing down over the Summer it continued to be strong throughout the Summer months. Throughout the year we have seen consistent growth in both listing prices and sale prices. In June, the Ottawa residen...
Is that House Haunted?
Stigma and Real Estate
Would the fact that property is believed to be haunted affect your decision to purchase it? If a property had been the location of an unspeakable act, would that change your opinion on it?
Picture this, you’ve just found the home of your dreams and have put in an offer. Of course you’ll want to make sure that there’s nothing wrong with the home before you firm up so who ar...
Having Your Home Listed Over the Holidays
If you are planning to sell your home in the next few months, it is wise to plan to maximize the sale of your home. As the temperatures are cooling and the days are getting shorter, we are starting to think of the coming fall and winter seasons. We will also start to think of the many special holidays we will be celebrating in the next few months.
The good news is that buyers who are looking over...
Ottawa Real Estate Update: September 2019
Ottawa Real Estate update September 2019
The fall real estate market in Ottawa is in full swing with strong numbers showing no signs of a slow-down in spite of the upcoming election. Condo prices have recovered (and are moving upward) in the Ottawa Real estate market and sellers are jumping back in to take advantage. Condo sales are up a whopping 26.4% over this time last year. With days on the m...
Luxury Style on a Budget
Do you check out luxury listings on Carriage Trade and become envious of the homes that you see? Luxury homes are often the epitome of style but you can bring some of that style into your own home without breaking the bank. Using these creative ideas, any home can feel like a luxury dream home!
Eliminate Clutter
Luxury homes often feel spacious and airy. By eliminating the clutter in your home, yo...
Ottawa's Most "Luxurious" Neighboourhoods
Ottawa’s neighbourhoods are diverse and most offer something for everyone. If you are looking for luxury, it’s all around us with little pockets throughout the city. Large lot sizes in rural areas and even within the city allow for beautiful large custom homes and these opportunities are popping up everywhere! Below you will find a list of some of Ottawa’s most “luxurious” neighbourhoods but it’s ...
Coolest Luxury Upgrades (and what they cost!)
Luxury homes offer just that – luxury – and many of them feature a variety of amenities to make life easier and add convenience. Here are the top 10 sought-after amenities for luxury homes compiled from interviews with Royal LePage agents across the country. Just in case you’re interested in upgrading your current home, estimated costs for each item is also included.
Car Lifts and Indo...
What is Carriage Trade?
You may have heard the name “Carriage Trade” tossed around but what does it mean? If you are looking to purchase or sell a luxury property, the Carriage Trade designation by Royal LePage will ensure that your property gets the right exposure to the right people or will aid in your search by seamlessly providing your with a curated list of the market’s most exclusive properties. This is an exclusiv...
Ottawa Real Estate Market update: August 2019
Ottawa Real Estate Market update: August 2019 (September 5, 2019)
If you’ve been following the Ottawa Real Estate market it probably won’t come as a surprise that both unit sales and prices were up last month, in spite of continuing issues with low supply. Heading into the fall months we don’t see any signs of our fast paced market slowing down. If you have any questions, we’re always here to cha...
Find Sold Prices Online!
At Royal LePage Team Realty, we are thrilled to announce that we are the first major brokerage in Ottawa to offer a Virtual Office Website where users can now have access to more information than was ever possible before. With a simple click, anyone with an email address will now be able to access sold prices and other information on listings that have already sold. As a brokerage, we believe in t...
Beyond the Sign: Price It Right
When a home is listed, it needs to be at the right price in order to ensure that you get what you deserve for your home. There are a lot of factors that go into pricing a home and your Royal LePage Team Realty agent will help guide you through the process to ensure a positive outcome. Ultimately, the listing price is your decision, but trust your agent; they know what they are doing!
What’s in a P...
Beyond the Sign: Knowledge
You wouldn’t get your car fixed by anyone other than a mechanic and you definitely wouldn’t let anyone other than a doctor perform a medical procedure on you but would you consider buying or selling a home without an expert in your corner? Buying or selling a home is likely one of the biggest transactions of your life so it’s important to ensure that you have someone there to ensure that you and y...
Beyond the Sign: Marketing
There is a lot more to selling home than putting a sign on the front lawn. A sign on the lawn is definitely a great marketing tool but the reach is limited. Did you know that your Royal LePage Team Realty Realtor® is able to leverage a variety of marketing strategies and tools to ensure that your home is put in front of as many potential buyers as possible to ensure that the right buyer is found i...
Real Estate Market Snapshot: Hot Market in a Scorching July
The Ottawa Real Estate Board recorded the highest number of July sales in 15 years!
Real Estate Market Trends and Highlights July 2019
1,842 residential properties sold on MLS® in July 2019, compared with 1,605 in July 2018, an increase of 14.8 per cent.
1,382 in the residential-property class, up 12.3 per cent from a year ago
460 in the condominium-property category, a rise of 23 per cent from J...
What's in a Name? A Street Name That is….
Where did Ottawa’s Bank Street get its name? It’s not likely what you think!
Have you ever gone for a walk around your neighbourhood and stopped to think where the street names may have come from? In Ottawa alone, there are almost 10,000 unique names for streets and this number grows almost every day! Street names come from a variety of sources and can have significant meaning or none ...
O Canada – Bring Some Canadian Style Home
Every July, Canadian’s come together to celebrate our amazing country but now that the fireworks are over, you can show your Canadian pride at home. There are many options for decor that is truly Canadian; whether it’s iconic and historic brands or patterns and imagery, there is something for everyone when it comes to Canadian style at home. Here are some examples:
Hudson’s Bay Stripes
The s...
Market Snapshot: June 2019 Ottawa Real Estate update
Condo Sales Continue to Dominate Resale Market | Ottawa Residential Average Sale Price Climbs over $500K for the first time ever
If you would like detailed information about specific properties, neighbourhoods and Ottawa Real Estate Market trends we would love to help! Contact us anytime at info@teamrealty.ca.
July 4, 2019 from the Ottawa Real Estate Board’s latest News Release
Me...
Canadianisms Around the Home
On Canada Day, we must take a moment to think about what makes us truly Canadian. Put on your thinking toque, grab a caesar, double-double, or pop, while we consider some of those truly Canadian terms that we use around the home almost every day. But fear not, there’s no need to cause a kerfuffle; all Canucks will know what you mean, eh?
Eavestrough: Did you know that most of the World re...
Ottawa's Eco-Friendly Communities to Watch
While lots of work is being done at all levels to ensure that the City of Ottawa as a whole is as eco-friendly as possible, there are a few communities that are leading the way. Everyone can make a difference, no matter where you live, but these neighbourhoods were designed with the environment in mind. Each is different but all are making a big impact.
Greystone Village
Located just min...
Little Ways to Make a Difference
10 Tips for a More Eco-Friendly Home
Being eco-friendly doesn’t need to be hard or even expensive. There are little things that we can all do around the house that can have a significant impact on the environment. It doesn’t need to happen overnight but every step counts in the journey towards preserving our planet. Here are 10 simple things that you can do around your home to make a differ...
Eco-Friendly Listing of the Future
What would an eco-friendly dream home of the future look like? Here’s what we imagine! While it is great to dream, check back next week for great ideas of things that you can do in your home to make a difference.
Welcome home to the eco-friendly home of your dreams! Upon first glance, this home may not seem all that different from the rest of the neighbourhood but the green details promise to i...
Ottawa Real Estate: May 2019 Market highlights
Have questions? Are you looking for information on specific properties or neighbourhoods? We’d love to help! info@teamrealty.ca
Highlights:
Total properties sold : 2,423 in May through the Board’s Multiple Listing Service® System, compared with 2,271 in May 2018, an increase of 6.7 per cent. May’s sales included 1,869 in the residential property class, an increase of 4.6 per cent fr...
Why Summer Can Be a Great Time To List Your Home
Everyone knows spring tends to be the real estate “busy season” but that doesn’t mean that you are too late to list your home now that we are coming into summer. Summer can be a great time to list, specifically in the greater Ottawa area. Buyers purchase homes year round and there are certainly advantages to listing your home in the summer. Here are 6 reasons why summer is the perfect ...
Importance of Community
The word community can mean different things to different people. It can simply be a name to define a certain geographical area or neighbourhood, or it can mean a lot more. For many people, finding the right community is much more than location; it’s finding a neighbourhood with like minded people, amenities of interest, or even just a place that feels like home! Everyone is different and there ar...
Post Flood 2019: What to do as the Water Recedes
In the last few weeks, parts of the Ottawa area have seen record flooding and with the water slowly receding, it’s now time to think about the next steps. Whether you are a homeowner affected directly or just want to lend a helping hand, there is still a lot that will need to be done. Here is what you need to know, but for the most up to date information on everything flood related, it is importan...
Ottawa Real Estate highlights & Market Snapshot April 2019
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Ottawa Real Estate Highlights April 2019:
There’s been an upward pressure on prices due to the continuing lower supply levels (residential supply is down 18%, and condo inventory is down almost 40% from last April 2018 according to the latest OREB stats). However these price points are “still well under the Canadian a...
Selling Your Home Yourself May End Up Costing You
It may seem tempting, to try and save money on commission, to sell your home yourself but it’s important to consider all the factors. In a lot of cases, sellers who choose to go this route do not come out ahead so let’s look at why.
What are You Really Saving?
Let’s use as an example a 5% commission of the sale price of your home that you may pay to a full service real estate company for t...
Getting Ready for a Move
As the end of April approaches, many people in Ottawa are preparing to move. Whether you bought or sold in the busy spring market, it’s time to start packing! Packing is often everyone’s least favourite task in the moving process but just remember, there is a light at the end of the tunnel; before you know it you will be in your new home! Here are some helpful hints to guide you as you prepare for...
Buying in a Seller's Market
If you are thinking of selling, the current low inventory and rising prices in Ottawa may make right now seem like the perfect time but it may seem like a different story if you are looking to buy. Whether you are looking to buy your first home or looking to up or down size, it may seem like a very challenging time to purchase a home. Not to worry though, with some creativity and careful planning,...
Tidying Up: The Joy of Purging
Earlier this year, Netflix launched Tidying Up with Marie Kondo, a wildly popular series based on Marie Kondo’s bestselling book The Life-Changing Magic of Tidying Up. The series outlines, in a step by step guide, the Konmari method of cleaning and organizing and it has had everyone talking (and purging!) Second-hand stores have seen a surge of donations unlike they have ever experienced before an...
OTTAWA REAL ESTATE HIGHLIGHTS: Higher Prices, Fewer Residential Sales
Tightness of listing supply is significantly reducing days
on market, properties are selling very quickly.
The latest statistics are out from the Ottawa Real Estate board! here are the highlights…
1,511 residential properties were sold in March through the Board’s Multiple Listing Service® System, compared with 1,654 in March 2018, a decrease of 8.6 per cent.
1,136 in th...
Infill Homes
As Ottawa continues to grow, more and more infill homes are popping up in key neighbourhoods around the city. Infill homes can sometimes be a contentious issue within a neighbourhood but they can also improve the housing stock, add value to the community, slow urban sprawl, and replace older and outdated homes with more modern and appealing options.
What are Infill Homes?
In the natural progressi...