Real Estate Blog

Canada’s Housing Rules in Full Swing

Happy New Year, folks! 2017 has finally arrived, and for the real estate world, change is in sight. As most of us already know, 2016 brought forth a lot of chatter about several significant changes (decided upon by our government) toward our country’s mortgage and housing rules. Those who will primarily be affected by these implementations will be anyone who, is not only looking to perhaps qualify for government-backed insured mortgages, but also those who may be looking to purchase their first home and/or are looking to refinance their existing mortgage...

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Ottawa Real Estate Update: December 2016

  2016 was a record breaking year for Ottawa real estate resales! 715 sales in December brought the total number of properties sold throughout the year through Board’s MLS® to 15,537, a 6% increase over 2015. With more properties selling over $500K December also had the highest average sale price ever recorded $420,750, considerably higher than the 2016 average sale price of $371,987.   Information below from the Ottawa Real Estate Board’s Latest new’s release on January 5th, 2017.  2016 proves to be a record-breaking year for ...

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Top Housing Trends of 2016

The year is coming to a rapid close, and – as comparable to most facets in our lives – we choose to reflect on the 12 months that have passed, and are committed to planning for the next dozen that is to come. In the exciting world of real estate, there are many trends that tend to surface with each passing year. In 2016, some of those trends were as follows:   One of the most recent housing trends that we saw in 2016 (and arguably one of the most talked about) were the changes to Canada’s housing rules. Over the last several years, our government ha...

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Costs on Your Home Over the Christmas Season: Trimming the Holiday Stress

Christmas is indeed a time for many things. It is time well spent with our families and our friends, a time for celebration, a time for passing down holiday traditions (as well as creating new ones); and, of course, with the end of year approaching, it is a time of reflection and resolution. Moreover, with the abundance of festivities that our communities offer over the holidays, it’s a time to try new things, and to collect memories with your loved ones.   With the joys of Christmas comes, of course, the stresses of the season. It’s only natural. W...

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Staging Your Home for Home Buyers Over the Holidays

Selling your home in the (often dreaded) winter months of November-January, can render itself to be quite difficult for some. And although, for the most part, we tend to agree that our homes are more “visibly appealing” – on the outside – in the spring and summer months, there are several perks to selling your home and making it quite charming – on the inside – for homebuyers around the holidays!   We can all admit to sometimes going a little overboard with our holiday decorating from time to time – and if we’re not a person who does, we know of som...

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The Perks of Buying a Home in the Winter

There is a great majority of people who think that winter is not the best time to shop for a home. Contrary to popular assumption however, buying a home over the winter months may, in fact, be something worth considering.   Sure, there might arguably be less homes for you to choose from, but the sellers might also be more motivated – playing to your advantage. You see it’s likely that, “the sellers will want to get the deal closed, especially for tax purposes. It’s the end of the year and they want to tie up loose ends. This is an advantage for buye...

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Real Estate Update: Latest news in Ottawa Real Estate

As snow hits Ottawa, November sales slowed slightly, while “Condo sales continue to bolster Ottawa resale market“ Highlights: Ottawa condo market appears to be on the upswing 14,825 homes were sold in the first 11 months officially making 2016 a record breaking year for number of sales Average prices were up, $405,320 in the residential class, an increase of 6.5% over 2015. While these statistics are useful in establishing market trends they should not be used as an indicator that specific properties have increased or decreased in value. If ...

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Using a Buyer’s Agent

Royal LePage offers optimal customer service in order to deliver the best possible results to its clientele. Contrary to the way real estate was (years ago when real estate brokerages represented only the seller), you now have the option of being represented by a buyer’s agent, who’s responsibility is to protect you, your family, and your best interests all while providing you with the essential information needed in order for you to make an informed decision when it comes time to buying a home.     A buyer’s representative will locate the best home...

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Winterizing Your Yard

Winterizing your home for the cold snap is one thing; winterizing your yard, however, is another. And as much as most of us would like to avoid prepping our yards for the inevitable cold that is to come, it’s something that’s simply unavoidable – especially if we’re looking to save both time and energy when spring and summer rolls around next year. Rest assured, however, winterizing your yard is not as complex as most of us may think it is, in fact, it’s actually quite simple.   We’ve provided a list of ways below that will help you and your family ...

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Winterizing Your Home

It seems like only yesterday that we were out enjoying the great (warm) outdoors at our cottages, lakes and so on. The days were sunny, the evenings were cool; we’d admire the gradual change in scenery as each tree in sight became more and more vibrant with time. And then without warning, as it does every year, it just hits us: winter. We feel it coming, we know it’ll be here in a quick blink of an eye, but it still somehow manages to sneak up on us. We ask ourselves if we’re even ready for winter, if we can prepare for it in such little time, and so on ...

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A Breakdown of Canada’s New Lending Rules

House made from Canadian polymer $100 dollar bills.Related Images: There has been a lot of topical chatter about the significant changes our government has recently put in place on Canada’s housing rules. Over the last several years, our government has been known to change the mortgage requirements on numerous occasions which has (and continues to) deeply affect anyone who, is not only looking to perhaps qualify for government-backed insured mortgages, but also those who may be looking to purchase their first home and/or are looking to refinance their e...

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Ottawa Real Estate Update | Condo sales lead the way to best October on record!

While temperatures are dropping, the fall real estate market in Ottawa remains steady with another record breaking month!  Recently released statistics from the Ottawa Real Estate Board  below show that the condo sales soared in October, up 27.2% over last year!   While these statistics are useful in establishing market trends they should not be used as an indicator that specific properties have increased or decreased in value. If you’re interested in a property evaluation or statistics for specific neighbourhoods please email info@teamrealty.ca or ...

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