Market Update | Ottawa Real Estate Stats October 2015

  Here are the latest statistics from the Ottawa Real Estate board.  Statistics are useful in establishing trends but should not be used as an indicator of an increase or decrease in value of specific properties.  If you are curious about the value of your home and/or specific neighbourhood statistics  please contact us anytime, we would  love to help.   Information below has been provided by the Ottawa Real Estate Board “October Home Buyers weren’t spooked by election results.” Members of the ...

Home Buyers: To Inspect, or Not To Inspect

To Inspect, or Not To Inspect You’ve just purchased your dream home and your salesperson is recommending an home  inspection before signing the final conditions. Is it worth $400-500? Now is the time to ignore your emotional attachment to the property, and make this a business decision. The answer is, “Absolutely!” The inspection is a critical step that ensures the structure, environment and operating systems of your dream home are safe and sound.  We are sometimes seduced by facade or ...

Income Properties: What You need to Know about Buying an Investment Property

“Don’t wait to buy land, buy land and wait” – Will Rogers     Income Properties: Are you Ready?  Owning a rental property may seem like a licence to print money.  Interest rates are low, the Ottawa Real Estate Market is stable …what could be easier?  Buy a property, lease it, collect cheques and plan your retirement.  Butbefore purchasing an income property, you should be aware of the benefits and drawbacks.   Advantages of Income Properties: You pay less tax. ...

Best September on record for number of Ottawa Real Estate resales!

What a great month for Ottawa Real Estate! See below a snap shot of what’s happening in the Ottawa Real Estate Market from the Ottawa Real Estate Board  published October 5th, 2015 Interested in a specific neighbourhood?  We have access to all of the latest real estate statistics at our fingertips! Please contact us and we will send you a no-cost report on the areas you want to know about.    From OREB news: Members of the Ottawa Real Estate Board sold 1,244 ...

Home Buyers: Working with a REALTOR®

Real estate has undoubtedly become one of the biggest industries in the world.  Buying and selling of real estate property are obviously major financial undertakings for anyone and these transactions need to be executed in a professional way. With this in mind, working with a REALTOR® is crucial in selling or buying deal of real estate property. In Ottawa, REALTORS® have their own professional association known as the Ottawa Real Estate Board. From this association, our fully trained REALTORS® have insider access to MLS ...

How Google Sunroof is Changing Homeowners' Costs

How Google Sunroof Works Employing the high-resolution aerial mapping used by Google Earth, Project Sunroof calculates the amount of sunlight reaching your roof to assess its potential for solar power.  It takes a variety of factors into account including local weather conditions, shade from nearby trees and buildings and sun positions throughout the year.  The tool combines this information with data from your household’s monthly electricity bill, factors in panel orientation and tilt to the roof surface to calculate average ...

The Inside Scoop on the Best Season to Sell Your Home

Think you need to wait until Spring to sell your home? You may want to think again if you’re ready to sell now.   In this HGTV.com post, Gavin Chen challenges conventional wisdom that the best time to sell is spring and the best time to buy is fall.  Statistically, spring has the most competing sellers in the market, so you might have to stage your home to get an advantage. Chen suggests it is important to highlight the sellable ...

Your Annual Home Maintenance Schedule

Following an annual maintenance schedule is an essential step in protecting the value of what will probably be the largest investment of your life – your home.  First time home owners, or those lacking experience may struggle with this task and overlook important elements.  Here are some guidelines to help you create a maintenance program that suits your needs. Benefits of Home Maintenance Regular preventive maintenance identifies minor repairs before they become expensive, major repairs.  It also preserves your home’s ...

Strong summer performance for Ottawa's resale market

Check out the latest Ottawa Real Estate Statistics from the Ottawa Real Estate Board The summer real estate market has been strong in the Ottawa area, as we head into fall we’ll keep you updated on the latest Ottawa Real Estate market news!  Are you interested in a specific neighbourhood?  Please contact us! We have the latest Ottawa neighbourhood statistics available. _____________________________________________________ Members of the Ottawa Real Estate Board sold 1,279 residential properties in August through the Board’s Multiple Listing ...

CMHC announces new rules to make it easier for homeowners to rent out property

In this Financial Post article, Garry Marr discusses the impact of upcoming changes from Canada Mortgage and Housing Corp (CMHC) that will permit homeowners to count 100% of the income from their secondary units when qualifying for a loan.  Currently, homeowners with legal units can only count 50% of the income from legal rentals.  By making it easier to borrow money, Marr suggests CMHC will be bringing more people into the market, and that is expected to boost affordable housing, ...

Should you let children choose their bedroom paint colours?

Should you let children choose their bedroom paint colours? In this Canadian Living post, Brett Walther suggests a way to let your child participate when deciding what colour(s) to paint their room while also avoiding a choice that is unacceptable to you, or one that they will want to change next week.  The key is to guide their choice by presenting a few options that appeal to them while also meeting your own criteria.  To read more click here.  This article ...

Machu Picchu Challenge for Shelter

Machu Picchu Challenge for Shelter August 2015  in Machu Picchu, Peru In support of the Royal LePage Shelter Foundation people from Royal LePage offices across Canada have started the trek to Machu Picchu to help restore hope for women and children escaping violence. “For eight days, 70 enthusiastic supporters are trekking at high altitude, camping in tents, and forgoing running water, electricity and cellphone service to raise funds and awareness for the Royal LePage Shelter Foundation.  Each participant was required to raise $5,000 ...

Ottawa Real Estate Market Update: Summer report!

The latest statistics from the Ottawa Real Estate Board have been released.  The information below includes market highlights from July 2015 stats and include all of  Ottawa and the surrounding area. Are you curious about a specific neighbourhood or property?  Please Contact Us – we’d love to hear from you! Typical summer resale market in Ottawa (information from the Ottawa Real Estate Board ) Members of the Ottawa Real Estate Board sold 1,436 residential properties in July through the Board’s Multiple ...

Royal LePage Team Realty in the Ottawa community: Helping provide seniors at St Patrick's Home with gardening supplies for Horticultural Therapy

Royal LePage Team Realty in the community:  We were so happy to be able to help fund this great project at St Patrick’s Home in Ottawa with for their new Horticultural Therapy program.      // We’re so honoured to be a part of this success story! Congrats to St. Patrick’s Home of Ottawa Foundation – on launching… Posted by Royal LePage Team Realty on Monday, 27 July 2015     Background Story – What is Horticultural Therapy? Horticultural Therapy is a ...

Royal LePage Receives the Consumer's Choice Award…18 years & Counting

Royal LePage is once again the proud recipient of the Consumer’s Choice Gold Award as Top Real Estate Brand in Ottawa for 2014.  A big THANK YOU for supporting Royal LePage Team Realty in the Ottawa Real Estate Community, we couldn’t have made this list for the last 18 years without your support. This article was first published on https://www.teamrealty.ca. ...

Busy Spring Real Estate Market in Ottawa Continues in June 2015

Curious about what’s going on in the Ottawa Real Estate Market?   Below are some highlights of our June market.  Curious about a certain area?  Please contact us and/or one of our Sales Representatives  for details, we have up to date statistics on all Ottawa neighbourhoods.     Ottawa Real Estate Market Update:  The busy spring real estate market in Ottawa continues in June 2015 – from the Ottawa Real Estate Board  Members of the Ottawa Real Estate Board sold 1,694 ...

Congratulations to Jody Lavoie: Elected Chair of the Real Estate Council of Ontario (RECO)

We would like to send out our congratulations to Jody Lavoie of Royal LePage Team Realty, Barrhaven/Nepean office, who was just elected as the Chair of the Real Estate Council of Ontario (RECO). At Royal LePage Team Realty we value organized real estate and we are very proud of our members who have a long history of representing our industry through various institutions. Our thanks goes out to Glenda Brindle of Royal LePage Team Realty, Stittsville office, for her past 2 terms in ...

Royal LePage Shelter Foundation named national partner in Sheltersafe.ca

            We are pleased to announce another step forward in our efforts to help abused women and their children find help. The Royal LePage Shelter Foundation has been named a national partner in Sheltersafe.ca — a new online resource managed by the Canadian Network of Women’s Shelters and Transition Houses — along with RBC Foundation. Any time of day or night through Sheltersafe.ca, women can find help close to home. Sheltersafe.ca provides a single point of information for women seeking ...

Electronic Signatures in Real Estate coming July 1st!

  Real Estate News: Effective July 1st, 2015 real estate consumers in Ontario will be able to use electronic signatures on agreements of purchase and sale! OREA (Ontario Real Estate Association) has promoted the fact that electronic signatures on agreements of purchase and sale will help improve transaction efficiency by reducing the time required to complete a deal.  In doing so, e-signatures will help improve the consumer’s experience while saving REALTORS® time. OREA  (Ontario Real Estate Association) will be participating in an ...

Royal LePage Team Realty named one of the TOP 60 Real Estate Brokerages in Canada

WOW! We are so honoured that we made REP Magazine’s (Real Estate Professional) list of the Top 60 Real Estate Brokerages in Canada! “These Brokerages are more than high transaction, high-volume players – they are also leaders in innovation for clients and agents, and in their communities.” -REP MAG page 25             At Royal LePage Team Realty we work to provide the best real estate training and technology for our Sales Representatives.  Our Sales Representatives ...

Ottawa Real Estate Market Update: May 2015

  Stats stats stats! It’s being called a “Buyer’s Market” but overall the Ottawa’s Real Estate resale market was strong and steady in May 2015.   Below are some of the highlights from the Ottawa Real Estate Board.  This type of Real Estate Market overview is interesting but please speak to one of our REALTORS or Contact us for the statistics in your specific neighbourhood!   We’d love to hear from you and we’re here to help.       ...

Wow! Ottawa ranked #1 amongst large cities and #2 overall in MoneySense's Canada's Best Places to Live 2015 rankings!

Canada’s Best Places to Live 2015: Measuring quality of life in 209 cities Wow! Ottawa ranked #1 amongst large cities and #2 overall in MoneySense’s Canada’s Best Places to Live 2015 rankings!  Read Full Article Here We’ve always loved Ottawa but with a resurgence in amazing restaurants, arts and culture, farmers markets and start up companies like Shopify making headlines,  in recent years our national reputation has gone from drab to fab! Finally the rest of Canada is seeing what ...

Royal LePage Gale Real Estate and Royal LePage Team Realty team up for record-breaking fundraiser

  Every year on a Tuesday in  May, Royal LePage Team Realty and Royal LePage Gale Real Estate get together for a charity auction. It all started in Almonte in 2001, when Butch Oldford bought a tie at a company breakfast meeting for $250. Butch asked that the money go to charity.  Realizing that cancer has touched many of  our lives we decided to celebrate Denim Tuesday together and we have raised over  $400,000 for local cancer charities. All of the auction ...

Fun Real Estate Facts: Average Ottawa Home Prices 1956-2014

The Average Price of a home in Ottawa in the year 2000 was $159,511 – last month in March 2015 it was $361,572 (including Residential & Condos!) What was the Average the year you bought your first house? The year you were born? The year you got married? Check the chart below for details. Interested in finding out what your home is worth today?  We’re happy to provide you a free home evaluation, contact us today! This article was first ...

Royal LePage in the News! Royal LePage named 2015 Outstanding Corporate Citizen

Canadian Franchise Association bestows honour on Royal LePage—A first for the real estate industry! April 14, 2015 A first for the real estate industry TORONTO, APRIL 14 – Royal LePage Real Estate Services has been named the 2015 Outstanding Corporate Citizen by the Canadian Franchise Association (CFA).  Royal LePage, Canada’s largest and oldest real estate firm, received this award for demonstrating sustained support for the local communities through its network of over 600 brokerage offices from coast to coast, and for ...

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Kenny D

Sales Representative

Royal LePage Team Realty


Office: 613.340-7401

Mobile: 613.203.4669

kennyd@royallepage.ca

5510 Manotick Main St.

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Brockville, ON K6V 6Y8

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