Real Estate Blog

Why it doesn’t always PAY to sell your home yourself

With today’s hot real estate market, it may be tempting to consider listing your home yourself, without the assistance of a real estate professional; it is often seen as a way to increase profits since no commission will need to be paid out but in reality, this is not often the case. If you choose to sell your home “For Sale By Owner”(FSBO), there are many factors to consider including additional costs and stress, so it is always advisable to list with a Realtor who knows what they are doing; you may actually make more money by doing so! Here are just a ...

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Residential Landlord Rules: An Update

Over the past year, there have been many significant changes to the rules for Residential Landlords. These changes may seem overwhelming, but we are here to help; if you have any further questions, do not hesitate to contact a Realtor. Outlined below are the major rule changes as well as an understanding of how they may affect you as either a landlord or a tenant. September 2016 – Terminations for Domestic Abuse New rules have been put in place involving the termination of a lease in the case of domestic abuse. The landlord no longer has the ability to c...

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Ottawa Real Estate Update: October Market Snapshot

posted November 2nd, 2017 by the Ottawa Real Estate Board “Leaves may be falling, but the real estate market is not” OTTAWA, Nov. 2, 2017 – Members of the Ottawa Real Estate Board sold 1,243 residential properties in October through the Board’s Multiple Listing Service® System,compared with 1,214 in October 2016, an increase of 2.3 per cent. The five-year average for October sales is 1,165. “As we enter the 3rd quarter of the year, we continue to see the resale market outpace last year’s performance, which was also a stellar year,” says...

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New Mortgage Rules for January 2018

Are you a Canadian homeowner? A first time home buyer? Do you see yourself purchasing a home for your family in foreseeable future? If you’ve answered “yes” to any of these questions, or have considered tapping into the real estate market in the New Year, keep reading! The time has come, once again, for the Canadian mortgage rules to change. Effective January 1st , 2018 the Office of the Superintendent of Financial Institutions (OSFI) will be implementing new mortgage regulations that may ultimately reduce purchasing power on conventional purchases and r...

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Millennials-Turned-Homeowners

Home ownership is something that comes with great pride. And with it being one of, if not, the biggest, most sought-after purchase (and decision) that you will ever make in your years as an adult, it’s recommended that you thoroughly prepare yourself for the emotional and financial attributes that go along with doing so. This said, there are people of every age group and at each stage in their lives that look into the real estate market and agree to buy or sell their home. Most recently, however, it’s the millennials that are powering the housing market....

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Here’s an Idea of What Goes into Pricing Your Home

So you’ve decided to sell your home and embark in this journey called real estate. And whether this is your first, second, or “I’ve lost count” run of it, there will always be something that will set this particular experience apart from the rest. So what goes into it all? Where does one even begin? Arguably, one of the first and most significant attributes toward successfully selling your home is to determine its price – one that’s realistic, sensible and appealing to buyers. Once you’ve decided upon this as a starting point, the rest will naturally fol...

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Just Another Day in the Life…

Many of you may wonder from time to time what your realtor’s typical day might look like. Truth be told, however, as a realtor, there really is no such thing as a typical day. In reality, days vary, schedules change, appointments pop up, emails come in – and in between it all, they eat and (sometimes) sleep. You see, from the moment your realtor’s alarm goes off in the morning, to the time they go to bed at night, they’re working hard to serve you and your home buying/selling needs. For them, it’s a lifestyle – and they’re quite accustomed to finding the...

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Ottawa Real Estate Highlights September 2017

“Steady September contributes to strong third quarter for 2017” It’s hard to believe that the fall real estate market has arrived, but here we are in October!  If you’ve been following Ottawa real estate this year you’ll know that it’s been a record breaker, particularly with the number of sales year over year.  According to the Ottawa Real Estate Board statistics;  in 2017 the listing inventory has been lower, average sale prices are steadily increasing, properties are selling faster and there have been more multiple offer situat...

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Backup Offers: What They Are and How They Work

The home buying process can be thrilling and exhausting at the same time.  Investing in real estate is something worth waiting, saving and hunting for – not to mention something worth spending time perfecting – but what happens if you find the home of your dreams only to find out that it’s already been snatched up by another buyer? You may feel discouraged, wondering if you’ll ever find another home like that one again. Sound familiar? Well, before you nod your heads in agreeance, don’t! Not all hope is lost, folks! Introducing something called the...

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Canada 150: Enjoying the Fall Season

Canada’s 150th milestone is here and in full swing; and what a year it’s been so far! We’ve bundled up as we watched our favourite downhill skaters at Red Bull’s Crashed Ice, cheered on our favourite musical talents at the 2017 Juno Awards, looked up – way up – at those daring enough to eat, drink, and be merry above the cityscape in Ottawa’s very own Sky Lounge, and roared aloud as La Machine walked our city streets. So, what’s next? What could possibly top all of the excitement that our City has seen so far? Get ready, folks – the celebrations haven’t ...

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Purchasing a Home in Canada’s Best City to Live

We are very fortunate to live in a City that offers economically booming neighbourhoods and family-friendly communities. In Ottawa, there’s bound to be something for anyone and everyone. In fact, according to MoneySense, Ottawa has been ranked Canada’s Best Place to Live in 2017. Why? Well, aside from being home to one of the most respected tech hubs in Canada, having an extremely low-by-comparison unemployment rate of only 5%, and host to some of the greatest, most talented chefs in the country, Ottawa is a safe and affordable city that hasn’t been caug...

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Fall Home Maintenance Tips

Fall. Arguably one of the most beautiful times of the year! The weather has cooled and the leaves have begun to change, reminding us that winter isn’t all that far away. Before the snow flies, our homes need a little TLC in order to ensure our warmth and safety over the months – yes, months – of winter. We’ve prepared a few tips on where to begin and what to include in your home maintenance checklist for the fall: Inspect and clean out your eaves trough. In order to ensure a smooth and safe flow of water away from your home’s exterior and foundation wal...

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