Archives for Real Estate Information

2017 Recap!

December 21, 2017 | Comments Off

2017 was an amazing year for Real Estate in Ottawa! Records were broken and property values continue to increase. As the year comes to a close, let’s take a look back at some of the highlights with our Top 20 Blog Posts of 2017! #20 – Understanding Multiple Offers This year the Ottawa market became more competitive than ever before and multiple offers have become far more common. Here are some helpful hints to help you navigate multiple offers! #19 – Pets and Real Estate New research emerged this year showing that more and more homeowners are making housing decisions
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Ottawa Real Estate Latest Market Snapshot

December 5, 2017 | Comments Off

It’s hard to believe November is over but here we are! If you’ve been following Ottawa real estate you’ll know it’s been a busy 2017 and December will likely be no exception. With the new mortgage rules coming into play in a few short weeks, many buyers are motivated to have firm deals completed before January 1st, 2017. We’ve included the latest news release from the Ottawa Real Estate Board below. Please note: average sale price information can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value.
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What Canadian home buyers need to know NOW about the upcoming changes to Mortgage rules

November 24, 2017 | Comments Off

Confused by the upcoming changes to the mortgage rules? Don’t panic. Our very own Kent Browne, Owner and Broker at Royal LePage Team Realty, sat down with Mortgage Broker York Polk of Mortgage Alliance to discuss all these changes in order to help you, our clients, understand how they may affect you. What home buyers need to know before 2018 As of January 1, 2018, Canadian homebuyers will have to meet stiffer requirements in order to qualify for a mortgage with a federally regulated mortgage lender. Why are the Mortgage Rules changing? As Canada’s financial “watchdog” OSFI believes these new
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Real Estate Snapshot February 2016

March 3, 2016 | Comments Off

What a difference a day makes! An extra day in February saw 46 sales on that day (February 29th) as per the Ottawa Real Estate Board’s news release March 3rd. See the full Ottawa Real Estate market snapshot for February and the full story from the Ottawa Real Estate Board below. With spring around the corner, we’re starting to see more homes come on the market, if you’re thinking of selling now is a great time to get your home listed with a real estate professional. While statistics are useful in establishing trends they should not be used as
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Congratulations to our Award Winners

February 16, 2016 | Comments Off

At Royal LePage Team Realty helping YOU is what we do and we couldn’t do that without a dedicated network of real estate professionals. We would like to take this opportunity to congratulate our 2015 Award winners and thank them for their hard work and dedication. We are so proud to work with those who consistently go above and beyond to ensure their clients are provided with excellent real estate service. Looking forward to an awesome 2016! jQuery(document).ready(function($) { var mpImageSlider = $(“.motopress-image-slider-obj#56e5df6483fc4”); if (mpImageSlider.data(“flexslider”)) { mpImageSlider.flexslider(“destroy”); } if (!true) mpImageSlider.css(“margin-bottom”, 0); mpImageSlider.flexslider({ slideshow: true, animation: “fade”, controlNav: true, slideshowSpeed: 3000, animationSpeed: 600,
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Ottawa Real Estate Market Eases off with Cooler January Weather

February 4, 2016 | Comments Off

Ottawa Real Estate “Market Snapshot” January 2016 Statistics are useful in establishing trends but should not be used as an indicator of an increase or decrease in value of specific properties. If you are curious about the value of your home and/or specific neighbourhood statistics we would be happy to provide you with information, no obligation, please contact us at info@teamrealty.ca if you have any questions. We look forward to hearing from you! _________________________________________________________________________________________________________ *provided by the Ottawa Real Estate Board Members of the Ottawa Real Estate Board sold 601 residential properties in January through the Board’s Multiple
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Record-breaking December, contributes to a strong 2015

January 7, 2016 | Comments Off

Record-breaking December, contributes to a strong 2015 – Latest News from the Ottawa Real Estate Board Ottawa, January 6, 2016 – Members of the Ottawa Real Estate Board sold 703 residential properties in December through the Board’s Multiple Listing Service® System, compared with 638 in December 2014, an increase of 10.2 per cent. The five-year average for December sales is 653. The total number of residential and condo units sold through the Board’s MLS® System throughout all of 2015 was 14,658, compared with 13,919 in 2014, an increase of 5.3 per cent. Separately, residential and condounit sales each outperformed the 2014 numbers. “Looking back
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Don’t tax my dream campaign succeeds

January 1, 2016 | Comments Off

The efforts of the Ontario Real Estate Association (OREA) and the Progressive Conservatives were recently rewarded when the provincial government decided they would NOT be expanding the municipal land transfer tax program. Liberals keep election promise In an unexpected announcement during the legislature’s question period, Municipal Affairs Minister Ted McMeekin ended concerns that the Liberals would break their election campaign promise and allow other cities and towns to introduce the tax. “There has been no call, at all, for a municipal land transfer tax,” he said, “nor is there any legislation before the House that would allow
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8 steps to getting started in property investment

December 31, 2015 | Comments Off

This propertyinvestment.com post from Nila Sweeney is an excellent primer for those who want to start a property portfolio. First, check your finances to see how much you can invest and get mortgage pre-approval. Then, define what success means for you, as well as the level of risk you are comfortable with, and set your goals. Next, start budgeting and create a purchase plan. Finally, research the market for opportunities that meet your criteria and approach them as business transactions, applying logic rather than being swayed by your emotional attachment. To read more click here. Source: Blog
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Canadian Home Prices Are Growing At One Of The Fastest Paces In The World

December 20, 2015 | Comments Off

The Canadian real estate market continues to boom, according to this Financial Post offering. With a year-over-year increase of 8.2%, Canada ranked 4th of the 23 countries studied in Scotiabank’s report Global Real Estate Trends, behind Ireland (13.3%), Sweden (10.5%) and Australia (8.3%). However, the report warns the trend could change if economic uncertainty and high unemployment counterbalance the attraction of low borrowing costs. To read more click here. The post Canadian Home Prices Are Growing At One Of The Fastest Paces In The World appeared first on Team Realty. Source: Blog
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Rick Bracken