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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Archives for Real estate information
Beating the Winter Blues
It’s winter time in our Nation’s Capital! The New Year is well underway, and as we’ve carefully selected our resolutions (and have spent the majority of these last few weeks trying to abide by them) we reminisce on the post-joys of Christmas and the excitement of a New Year. However, regardless the amount of joy in our hearts and happiness in our homes, the cold weather tends to overstay its welcome far too often. Admit it, we’ll soon catch ourselves wishing for less snow, warmer weather, and oodles upon oodles of sunshine. Wishful thinking, I’ll say. Truth is, we live
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Housing Trends in 2017
The New Year is officially underway and we are ready to reflect on the year that has passed, as well as plan for the year that’s to come. With the housing market being consistently ever-changing, new trends tend to surface as old ones seem to fade. 2016 was a big year for the housing market and, as a result, we saw some pretty impressive reports, results, and trends. This year, the housing forecast and its trends will predictably be as follows: The Canadian Real Estate Association has released recent information on Canada’s housing trends and how they’ve evolved since
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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. Having said that, the Government of Canada has been
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Ottawa Real Estate Update: December 2016
[mp_row] [mp_span col=”12″] [mp_text] 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. [/mp_text] [/mp_span] [/mp_row] [mp_row] [mp_span col=”6″] 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 Ottawa resales OTTAWA, January
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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
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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
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Real Estate Update: Latest news in Ottawa Real Estate
[mp_row] [mp_span col=”12″ classes=” motopress-space”] [mp_space] [/mp_span] [/mp_row] [mp_row] [mp_span col=”12″] [mp_text] As snow hits Ottawa, November sales slowed slightly, while “Condo sales continue to bolster Ottawa resale market“ [/mp_text] [/mp_span] [/mp_row] [mp_row] [mp_span col=”12″] 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
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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 homes that fit your needs. This will
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Ottawa Real Estate Update | Condo sales lead the way to best October on record!
[mp_row] [mp_span col=”6″] [mp_row_inner] [mp_span_inner col=”12″ style=”min-height: 60px;” classes=” motopress-space”] [mp_space] [/mp_span_inner] [/mp_row_inner] [mp_row_inner] [mp_span_inner col=”12″] [mp_text] 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 contact one
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