Archives for Real Estate Information

Choosing a Brokerage when Buying or Selling a Home

April 19, 2017 | Comments Off

When it comes time to buy or sell a home, finding the brokerage to work with is a very important step to take. You need to find a company that will work with you to make this the most positive experience possible. “At Royal LePage Team Realty we commit to delivering high quality, industry leading and innovative real estate products and services on a complete cost-effective basis. Our business relationship will be characterized by the highest degree of honesty, credibility and fair dealing. We are committed to setting the pace in service excellence. We commit to delivering a level of
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5 Reasons To Sell Your Home in the Spring

April 12, 2017 | Comments Off

With the busy spring market upon us (it actually started early this year!), let’s take a look at why this season is often seen as the best time of year to sell a home. With a large percentage of the year’s sales occurring in just a few short months, homes also tend to sell for more and spend less time on the market. And don’t worry, you’re not too late; statistics show that May is the best month of the year to list a home. Here 5 reasons spring is so popular: Homes show better in spring: Let’s face it, spring
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Ottawa Real Estate Update | March Goes Out Like a Lion

April 6, 2017 | Comments Off

Second best March on record for units sold, multiple offers, fewer days on the market and the average price for a residential home over $415K , spring has definitely sprung in the Ottawa Real Estate Market! From the Ottawa Real Estate Board April 5th, 2017 OTTAWA, April 5, 2017 – Members of the Ottawa Real Estate Board sold 1,485 residential properties in March through the Board’s Multiple Listing Service® System, compared with 1,160 in March 2016, an increase of 28 per cent. The five-year average for March sales is 1,240. “The busy spring selling season descended upon Ottawa early this year,”
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“Oh I Forgot to Tell You…”

March 27, 2017 | Comments Off

Picture this, you have just taken possession of your dream home. You did your due-diligence; the property passed the home inspection with flying colours and your research shows the neighbourhood is safe and has great schools. You are chatting with a new neighbour only to find out that your brand new home was once the site of a violent crime or a drug operation, or that it is thought to be haunted! Would this bother you? What can you do? Did the previous owners fail to disclose something that they were legally obligated to? When selling a home, known physical
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Pets and Real Estate

March 20, 2017 | Comments Off

Pets are a very important part of many Canadians lives. In 2014, it was estimated that 57% of Canadians owned pets which equates to approximately 7.5 million households. In many cases, our pets become part of our families to the point where terms like “pet parent” and “fur baby” are used to define this unique relationship. But what impact do pets have when it comes to real estate? Buying a Home with our Pets in Mind Pets affect our choices in real estate. When we buy a home, we consider the needs of our family, which often enough includes our
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Getting Ready to Buy in the Spring Market

March 13, 2017 | Comments Off

Maybe you are a first-time home buyer, or maybe you will be selling a home and looking for something new, either way the spring real estate market is fast and approaching and you want to be ready. This is an exciting time of year in the real estate industry and for everyone buying and selling homes. It can be a little crazy though, so here are some tips to help you be prepared. It’s not too early to start getting ready. Get Mortgage Pre-Approval You will want to start off by setting up a meeting with a mortgage broker or
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Ottawa Real Estate February Highlights – “Primed for a Competitive Spring Market”

March 6, 2017 | Comments Off

“Spring market primed for a competitive season ahead!” FEBRUARY 2016 MARKET HIGHLIGHTS: 1010 Residential properties were sold through Ottawa MLS® (including 233 in the Condominium class and 777 residential properties) Average Sale Prices: $417, 374 (Res +8.5%) and $258,397 (Condo +4%) Increased number of residential properties selling in the $750K-1Million resulted in a higher Average Sale Price. 2066 homes listed, up almost 25% over January 2017 Most active price point was in the $300K-$399K range, followed by the $400,000 to $499,999 range, accounting for 54.6 per cent of the market (combined) Information below taken from OREB OTTAWA, March 3,
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Getting Your Home Ready to Sell in the Spring Market

March 6, 2017 | Comments Off

Selling your Home in Spring The spring real estate market is quickly approaching and if you’re selling your home, now is the time to start getting ready! It may seem like a daunting task but there are things that you can do to make sure that your house is prepared for the droves of spring buyers this upcoming season. Remember, there will be many houses on the market at the same time as yours so you want to make sure that your property is ready and sticks out for buyers! Contact a Realtor®. Real estate agents are professionals. A great
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Why Move? A Look into Canada’s Homebuyers

February 28, 2017 | Comments Off

How many times have you moved (so far) in your lifetime? Once? Twice? For a brief time while in school? Work? Or have you moved far too many times to even count? What about those times that you have moved from one place to another, were they on your own? Were they with your family? Your partner? A few friends? And did you live in these homes for long enough to consider it a home? Sure, the vast majority of us may answer differently to each of these questions, but we do share one common factor: the overall experience. Truth
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The Bank of Mom and Dad: Living as Millennials

February 21, 2017 | Comments Off

It’s no secret: the cost of living is expensive. Regardless of who we are and what we do, we live and breathe steep living costs day in and day out. It’s a fact of life: if we’re not saving our pennies, we’re spending them; if we’re not paying off one bill, we are another. It’s the never-ending cycle of our (financial) lives. Enter: mom and dad. For the vast majority of us, mom and dad means home; and home is where the heart is, after all. It’s become a common trend among many baby boomers to take part in
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