Posts by teamrealty

Market Snapshot: Ottawa Real Estate December 2018

January 4, 2019 | Comments Off

That’s a wrap: Ottawa Real Estate Market December 2018! As 2018 wrapped up, the inventory shortage has had a ripple effect; while residential sales were down slightly, it also fueled the condominium market. Overall, 2018 was another stellar year in Ottawa real estate! If you’re thinking of making a move in 2019, we know real estate. We’d love to chat! Empty attachment or post type not equal ‘attachment’ Another Stellar Year for Ottawa’s Real Estate Market (excerpts below were taken from the Ottawa Real Estate Board’s news release January 4th) January 4, 2019 663 residential properties were sold by REALTORS®
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Winter in Ottawa

December 21, 2018 | Comments Off

Festivals and Events to Keep You Busy This Season Winter may seem like the perfect season to curl up on the couch and binge-watch your favourite Netflix series, but that would also mean missing out on a multitude of engaging and culturally diverse activities in the Ottawa and surrounding area. Read below for a highlight of this years winter events and festival lineup; before you know it, you will be kicking off your slippers and throwing on your snow gear to take part in these engaging winter activities: Christmas Lights Across Canada – December 5th – January 7th The 34th
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Holiday Showings?

December 14, 2018 | Comments Off

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 buyers The holidays are a chaotic time of year for everyone so keep in mind that people who are booking showings at this time are
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As Markets Across Canada are cooling, the Ottawa Real Estate Market Remains Strong & Steady

December 10, 2018 | Comments Off

The Latest Ottawa Real Estate Trends – November 2018 While most markets across Canada are cooling, Ottawa’s market performance is strong and steady as it has been for many years. Ottawa’s housing affordability and high employment levels shelter us somewhat from the dramatic swings that can cause instability. Sales were down 5.4% from November 2019, however experts say that wouldn’t have been the case if inventory was higher. Average sale price can be useful in establishing trends over time but should not be used as an indicator that specific properties or areas have increased or decreased in value. The calculation
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Keep Jack Frost Out and the Heat In

December 3, 2018 | Comments Off

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 cost of keeping you and your home warm this winter: Take advantage of the solar heat – During the day, use the
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Cannabis Legalization: One Month Later.

November 23, 2018 | Comments Off

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 Buyers and Sellers While it may now be legal carry, smoke, and grow marijuana plants, there are many things to consider when you are in the market of buying or selling your
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Holidays on a Budget: A Financially Friendly Guide to “Decking the Halls”

November 15, 2018 | Comments Off

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 the magic and togetherness of the holidays without breaking the bank is not only a practical goal, but attainable as well. Here are a few budget friendly ways to “deck the halls”
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Getting Ready to Sell Your Home in Winter: What You Need to Know

November 8, 2018 | Comments Off

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 demand. Current active inventory is less than half of 2015-16 [October 2018]. Compared to last year, condo inventory is down 34.5% while residential inventory is 17.5% lower than October
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Ottawa Real Estate Market Snapshot October 2018

November 6, 2018 | Comments Off

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 (DOMs) are down 14% from 45 to 39 days for residential homes and 24% from 68 to 51 days for condominiums.” “However, lack of supply continues to be a major driving factor in Ottawa’s real estate market,”
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Home Renovations with a Great Return on Investment

October 24, 2018 | Comments Off

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 decided to sell our first home for an opportunity to ‘move up’, we knew we needed to update the kitchen and bathroom to attract buyers and get the price we
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