Latest Real Estate News

Holiday Showings?

If your home is currently on the market, or you plan on listing in the next few weeks, here are some things to consider when it comes to showings. The Ottawa real estate market is still quite active this year so you want to ensure that you put your best foot forward for potential buyers. Embrace the season and work closely with your Realtor to get your home sold! Holiday buyers tend to be serious ...

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Keep Jack Frost Out and the Heat In

How to minimize your heating costs this winter As frosty temperatures fill the air, and snow begins to cover the ground, there is a lot to think about when it comes to your heating bill. As the cost of heating your home rises in the colder months, it’s time to think about what you can do within your home to reduce some of these costs. Here are some tips and tricks that can help you to reduce the c...

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Cannabis Legalization: One Month Later.

It has been just over a month since cannabis was legalized in Canada. Now that the hype and excitement surrounding the ability to buy recreational marijuana legally has settled, many of us are still left with questions surrounding these new laws and what this means for home owners, buyers, and sellers alike. Here is what you need to know about cannabis legalization and real estate in Ottawa:  Home...

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Holidays on a Budget: A Financially Friendly Guide to “Decking the Halls”

The holidays are just around the corner, and we will soon be covered in a blanket of snow, with marching bands leading parades, and Santa’s village bringing long lines to the malls. While the excitement builds up, we are often left wondering how we can possibly save money or limit our spending without compromising the spirit of the season. With just a few practical tips and tricks, embracing...

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Getting Ready to Sell Your Home in Winter: What You Need to Know

Selling your home in the winter real estate market may seem undesirable to some, but it has an upside.  Let’s break down some of the advantages that actually make the cold dreary season a potential win for sellers. Ottawa is in a Seller’s Market. Regardless of the weather, listings that are on the market are getting the attention of buyers, there is just not enough inventory to keep up with the d...

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Ottawa Real Estate Market Snapshot October 2018

Highlights from the Ottawa Real Estate Board’s Latest News Release read full story Halloween has not Scared Away Home Buyers “October’s sales are truly indicative of the fast-paced market we have experienced for much of 2018,” points out Ottawa Real Estate Board President, Ralph Shaw. “In some pockets of the city, listings are not lingering on the market. Year-to-date average Days on Market ...

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Home Renovations with a great return on investment

Home Renovations with a Great Return on Investment

Home Renovations with a Great Return on Investment Even if you love your space, at one point or another, most homeowners have thought about making changes…“I love our kitchen, but what if we added an island?” or “our ensuite bathroom is great, but I’d love double sinks” or even “our basement is so spacious, I wonder what it would look like finished”. If this sounds familiar read on! “When we decid...

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Fall Furnace Tune-Up

Fall Furnace Tune-Up As much as we may hate to admit it, fall is here. As the days get shorter and the air gets colder, the time of year when we switch from cooling our homes to heating them is upon us. However, before you switch your furnace on and start getting your winter blankets out of storage, it is wise to perform a routine inspection and maintenance of your furnace. You don’t want somethin...

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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 th...

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Readying Your Family for an Emergency

Readying Your Family for an Emergency September 21st, 2018 is a day our community won’t soon forget. The stories we’ve heard from those affected by the tornadoes that touched down in the City of Ottawa-Gatineau were nothing short from terrifying; the photos we’ve seen from the storm’s aftermath have been undeniably bone-chilling. It has been a devastating reality that the residents of our nation’s...

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"Autumn Leaves are Falling; Home Prices are Not" | Ottawa Real Estate: Market Snapshot September 2018

Notable numbers in Ottawa: Market Snapshot September 2018 Have questions? Looking for specific neighbourhood stats? Message us, we’d love to help! Info@teamrealty.ca  October 3, 2018 via the Ottawa Real Estate Board “We continue to experience supply-side issues going into our fall market. The fact is, the number of residential sales would be much higher had we more robust inventory to draw from,” ...

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What You Need to Know Before Listing your Home in the Fall

Listing your home in the Fall; tips for selling your home in the Autumn months With this summer’s (extreme) heat behind us, and with nothing but clear skies and crisp fall months ahead!  We often hear sellers say “We’ll wait until Spring to list”, but as HGTV’s expert Scott  MacGillivray outlines in this recent blog, there are some great benefits of selling your house in th...

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Kemptville Real Estate

Neighbourhood Snapshot: Kemptville “Green and Growing”

Life in Kemptville “Green and Growing” Kemptville, in the municipality of North Grenville, is one of the Ottawa areas blooming communities, fitting of the “Green and Growing” slogan! Offering a welcoming community, great schools, hospital, golf course, retirement residences, business opportunities, and an easy commute to Ottawa, its steadily growing popularity is no surprise! An easy 30-minute com...

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Protecting Your Home from Critters

As the cooler weather starts to roll in, we are all thinking of cozying up indoors and unfortunately our furry friends outside are also thinking the same. Wild animals are currently looking for warm spaces to call home for the winter months and unfortunately our homes can be an attractive target. When animals get into a home, the damage can be severe and costly to fix but fortunately, with some ca...

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Frolic into Fall: Fall Maintenance Tips for Homeowners

Getting ready for fall and winter can sound like a chore.  However with a few simple tips and tricks, getting it  done can be quick and will pay off, big time for homeowners. The most important aspect of getting ready is that all of the appropriate maintenance has been performed to keep your home in top shape before the snow flies. There are a few major things to remember when it comes to cold wea...

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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...

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August 2018 Notable Numbers in Ottawa Real Estate

Ottawa Real Estate: Market Snapshot August 2018 We continue to see a healthy real estate market in Ottawa, with inventory levels are improving but still lower than we’ve seen in previous years.  Have questions? Looking for specific neighbourhood stats? Message us, we’d love to help! Info@teamrealty.ca  Summer Ends, Active Real Estate Market Continues… September 6, 2018 Ottawa Real...

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We appear to have a problem:The need to disclose known defects when selling your home

Every home has its’ own unique quirks and character, however, when it comes to purchasing said home, it is important that buyers are aware of any “quirks” that may actually be deficiencies. A deficiency in a home known to the seller is required to be disclosed to the buyer by law, ensuring that any future damage/repair costs cannot be something that the seller becomes liable for. When it comes to ...

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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...

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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 cla...

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Reverse Mortgages: What to consider when considering a reverse mortgage

Reverse Mortgages What to consider when considering a reverse mortgage… Reverse mortgages allow homeowners to use the equity in their home as a loan, it’s a  financial strategy that is getting more common. This may be in part because a large segment of Canadian Baby Boomers (born between 1946-1964) “is on strong financial footing and on a clear path to being mortgage-free, if not...

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July 2018 in Ottawa Real Estate: Market Snapshot

July 2018 in Ottawa Real Estate: Market Snapshot Ottawa Real Estate Market Snapshot: July 2018:  We continue to see a healthy real estate market in Ottawa, with inventory levels are improving.  Have questions? Looking for specific neighbourhood stats? Message us, we’d love to help!!     A Sizzling Summer for Ottawa Real Estate [posted by the Ottawa Real Estate Board] Augus...

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The Search Is On – Listings: How the majority of buyers & sellers find listings in 2018

As the age of technology and the Internet continues to thrive, many industries have developed over the years to incorporate the constantly changing world of advertising and reaching potential clientele. Long gone are the days of people driving around on the weekends in search of potential listings, and fewer are checking the paper in search of their potential dream home. Despite these changes, the...

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Neighbourhood Snapshot: Exploring Almonte

Under 30 minutes to Ottawa, Almonte is an Area Home Buyers Should Consider Most of us have heard the Mark Twain quote  “Buy land, they’ve stopped making it”,  there’s no doubt that investing in real estate is a great way to build equity.   As prices in the urban centres creep up, more Ottawa buyers are purchasing condos as a way to get into real estate investment.  We saw a...

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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 ...

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Listed, Viewed, Sold! Steps in the home selling process 

Listed, Viewed, Sold! Steps in the home selling process   Selling your home is a big task, and an important one to pay critical attention to – as your house is typically your biggest asset. Ensuring that you’re ready to start this journey is key, and being as prepared as possible can ensure your house is sold for its’ top value. There are many important steps along the way when it comes to selling...

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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...

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Choosing a Realtor That’s Right for You

Choosing a Realtor That’s Right for You When it comes time for you to buy or sell your home, you’ll want to be sure that you have the guidance and support necessary for you to make a decision you’re most comfortable with. With that said, finding the right Realtor is just as (if not more) important as finding the right home. We know that by choosing Royal LePage Team Realty you are trusting us to e...

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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 t...

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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 cla...

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Airbnb: New regulations may change your investment

To Airbnb or not to Airbnb? New regulations in Ottawa  In the past few years, the trend of Airbnb has been sweeping the nation.  Airbnb gives property owners a platform to rent income properties and even their own homes as short term rentals.  With the homeowner in control of timing and rates, this can be a great way to off-set the costs of owning a property.   However, with the implementation of...

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Ottawa Real Estate Market Snapshot: June 2018 

June 2018 in Ottawa Real Estate: Market Snapshot Ottawa Real Estate Market Snapshot: June 2018:  The Ottawa Condo market is leading the way in units sold, up over 16% in the first half of 2018 compared to the same time period last year, experts say Buyers looking for affordable homes may be turning to the Condo market, due to the increase in price in single family homes.  Compared with 2017 ...

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5 Ways to Make a New House Feel Like Home

Why summer is a good time to move…  

Why summer is a good time to move…   School’s officially out for summer!  If you’re like us, you’re probably thinking beaches, holidays, cottages… any activity that will get us out to enjoy the warm weather…but it can also be a perfect time to move!  While there might not be as much real estate activity in July as there is in May, it may surprise you to find out that June, July and August ar...

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Buying a Home: Step by Step

Buying a Home: Step by Step  Buying a home can seem like a daunting task in the beginning. There are so many options to consider, let alone finding that dream home. You may be wondering what the main things to consider when you’re going to buy a house, and how the process works? With so much information surrounding the housing market, we’ve created a short step-by-step process to help ...

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Turn your Vacation into a Staycation: Activities for families in Ottawa

Turn your Vacation into a Staycation: Activities for families in Ottawa  Summer is a wonderful time to spend a little quality time with friends and family; things are more relaxed, the kids are out of school and you won’t have to worry about a last minute snow storm interfering with travel plans (well here’s hoping!) . But organizing a family vacation, especially when you have young children, can ...

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Neighbourhood Snapshot : Carlington is an Ottawa Community to Watch

When you buy a home, it’s more than just the house itself, you’re really buying into a lifestyle, and becoming part of a community.  The Ottawa and surrounding area has a lot to offer and there may be “hidden gems” that you hadn’t considered.  We’re excited to introduce a new series of blog posts dedicated to giving readers the inside scoop on some great Ottawa ...

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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 turn...

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Ottawa Real Estate Market Snapshot: May 2018 

Ottawa Real Estate Market Snapshot: May 2018:  While inventory is still lower than normal, the number of listings coming onto the market this month is typical spring activity! Have questions? Looking for specific neighbourhood stats? Message us!! Empty attachment or post type not equal ‘attachment’ The following are hightlights from the Ottawa Real Estate BoardR...

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Home-Grown Issues: The impacts of home-grown marijuana and legalization

Home-Grown Issues: The impacts of home-grown marijuana and legalization Many Canadians are awaiting this July 2018 with much anticipation, as Bill C-45 will allow the legalization of marijuana, including their ability to grow up to 4 plants within their residence. However, without the proper protections and awareness in place this new legislation could cost home owners thousands, or even their mor...

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