Archives for Uncategorized

Buying a Home: Step by Step

Buying a Home: Step by Step  Buying a home can seem like a daunting task in the beginning. There are so many options to consider, let alone finding that dream home. You may be wondering what the main things to consider when you’re going to buy a house, and how the process works? With so much information surrounding the housing market, we’ve created a short step-by-step process to help you with all your home buying needs! Finances The daunting and confusing aspect of buying a home always lands in the finance department. Mostly because finances on a large scale become
Read More

Ottawa Real Estate Market Snapshot July 2017

The latest reports from OREB on the Ottawa Real Estate market show that in many areas the market is showing no signs of a significant summer slowdown.   The condo market continues to gain momentum as is the”lifestyle” market which includes homes over the $750,000 price range.   Average prices are up in most neighbourhoods across the city, with central and central-west neighbourhoods seeing a bigger jump in average sale price as compared to Ottawa east.   Savvy buyers are noticing that even though Ottawa is trending towards a seller’s market in many neighbourhoods it’s still a good time to
Read More

Reflections on Canada 150

Canada Day is usually a big event in Ottawa; it is the nation’s capital after all, but this year was an even bigger celebration owing to 2017 being the 150th anniversary of Canada’s founding. In order to celebrate this momentous event, Ottawa pulled out all the stops to throw a Canada Day celebration that people won’t soon forget. The public turned out in record numbers to celebrate Canada Day in Ottawa this year, and the celebrations were also awash in celebrities. Justin Trudeau was in attendance, as were Prince Charles and the Duchess of Cornwall, and Governor General David Johnston
Read More

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
Read More

Ottawa Real Estate Market Hightlights August 2016

According to recently released statistics by the Ottawa Real Estate Board, August 2016 was a record breaker, continuing to outpace 2015 in number of properties sold! While inventory has dropped compared to this time last year the total number of sales are up and so are average sale prices, with fewer homes for buyers to choose from OREB’s president suggests the numbers may suggest a swing from a balanced market to a Seller’s market. While these statistics are helpful in establishing trends there are many factors to consider when buying or selling that can affect market value in a specific neighbourhood,  home
Read More

Ottawa Real Estate Market Snapshot May 2016

What neighbourhood are you interested in? This is a snapshot of the Ottawa Real Estate market based on statistics provided by the Ottawa Real Estate Board.  If you are interested in finding out about neighbourhood trends please contact us . We’d love to help. What happened in Ottawa Real Estate in May 2016? Here’s the Market Snapshot! From the Ottawa Real Estate Board released Monday June 6th, 2016 Sales stay consistently hot through May heat wave.  Members of the Ottawa Real Estate Board sold 1,921 residential properties in May through the Board’s Multiple Listing Service® system, compared with similar sales of 1,926
Read More

What Home Owners Can Do With a Tax Refund

  If you are a homeowner, a tax refund presents opportunities to invest for a profit that aren’t available to renters. Whether you plan to sell, stay or are undecided, there are ways to optimize the financial impact of your refund. The first step is to treat your refund check the same as you treat your paycheck. Avoid the temptation to splurge and give that refund money a purpose. Here are three home owner-only options to grow that refund:   But, Are You Withholding Too Much? Most of us enjoy getting a large tax refund every spring. But, a refund
Read More

First Time Homebuyers Government Incentive Programs

    Thinking of buying your first home? If so, it may be time to get on with it, especially considering the possibility that interest rates will rise. Using government incentive programs that encourage first time homebuyers to enter the real estate market, you can realize additional savings. And, mortgage financing has been almost free for some time, but economic signals point to those costs rising.   Mortgage rates may increase   Several factors are threatening to push Canadian mortgage rates higher even as the Bank of Canada tries to hold its overnight lending rate down. Fixed mortgage rates are
Read More

5 Steps to a Safer Bathroom

  If you are planning to remodel your bathroom this Consumer Reports article give sound advice on how to do it with safety in mind.  Install pressure-balancing and anti-scald valves to provide a steady flow of water that remains at a safe temperature.  Add a sturdy, properly secured grab bar that will support 250 pounds.   Since mold and mildew thrive in a moist environment, ensure your vent fan exhausts to the outside and run it after every shower to dehumidify the room.  Remove any items (hamper, scale) that might cause a tripping hazard and ensure mats have non-skid backing. 
Read More

Income Properties: What You need to Know about Buying an Investment Property

“Don’t wait to buy land, buy land and wait” – Will Rogers     Income Properties: Are you Ready?  Owning a rental property may seem like a licence to print money.  Interest rates are low, the Ottawa Real Estate Market is stable …what could be easier?  Buy a property, lease it, collect cheques and plan your retirement.  But…before purchasing an income property, you should be aware of the benefits and drawbacks.   Advantages of Income Properties: You pay less tax. Because your secondary property is a business, you can deduct certain expenses from your income (mortgage interest, property taxes, insurance,
Read More