Archives for Ottawa real estate

Why Use a Full Service Realtor®?

The decision to buy or sell a home is a big one; there is so much to think about and do! A home is likely the largest investment you will ever, or have ever, made in your life and it’s important to have someone you can trust to make the process as smooth as possible and offer expert advice. A Royal LePage Team Realty Realtor® offers full service support which ensures that you will have experience, knowledge, and expertise in your court every step of the way as you navigate your next move. Most importantly, a full service Realtor® will
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Ottawa Real Estate Update: February Buyers Snap Up Limited Inventory

FEBRUARY 2019 Ottawa Real Estate MARKET HIGHLIGHTS  Buyers Snap Up Limited Inventory! HIGHLIGHTS (RELEASED BY THE OTTAWA REAL ESTATE BOARD MARCH 5TH, 2019) Total properties sold: 1,005 residential properties sold on MLS® compared with 978 in February 2018, an increase of 2.8%  756 in the residential property class, a rise of 3.8% over Feb 2019 249 in the condominium property class, a decrease of 0.4 % from February 2018. The five-year average for February sales is 949. “February has been a strong month, and with year-to-date unit sales 8% higher in both the condo and residential categories, it is looking
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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 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

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

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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"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,” states Ottawa Real Estate Board President Ralph Shaw. “Condos continue to represent a greater proportion of year-to-date unit sales with a 15 per cent increase from this time in 2017.” September 2018 Notable Numbers in Ottawa Real Estate The
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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  Empty attachment or post type not equal ‘attachment’ Summer Ends, Active Real Estate Market Continues… September 6, 2018 Ottawa Real Estate Board member sold 1,586 residential properties in August 2018, compared with 1,535 in August 2017, an increase of 3.3 per cent. The five-year average for August sales is 1,417. August’s sales included 1,188 in
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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 already.”  But what exactly is a reverse mortgage, and how does it work?  Let’s examine the concept of a reverse mortgage, and some of the benefits and downfalls. What is a reverse mortgage? A reverse mortgage is a
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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] August 3, 2018 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 per cent. The five-year average for July sales is
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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 housing market is still booming and buyers and sellers alike are finding their future properties. The real question is, how has the search for real estate listings changed? The majority of that question can be answered
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