Archives for sellers in Ottawa

House Hunting in the Winter

  The holidays can be strenuous and this can put a damper on any thoughts you have about selling your home in the winter. Rest assured, it’s not a completely ridiculous idea! The chilly season can be a great opportunity for buyers to window-shop. Learn More Here 
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12 Winter Curb Appeal Tips

  First impressions matter, especially when trying to sell your home. Winter can seem like a difficult time to try and create your home’s curb appeal. But, there’s hope to be had! There are several ways you can foster a great first impression for your home with potential buyers in the winter season. For example, you can get creative and give your mailbox (or even walkway lights) a makeover, decorating your front and backyard with beautiful ice luminaries, or fashion your own gorgeous topiaries. Click here for your Winter Curb Appeal tips!  
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8 Home Staging Tips for Fall

  Looking to sell your home this Fall? Seasonal home staging can help! Catch homebuyers’ attention with stylish decor and updates this Fall. Click here for your home staging tips.  
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A Critical Key Step for Sellers: Give Your Potential Buyers a Home They Would Want

If you’re selling your home there are several steps that should be taken care of before holding an open house. What is important is giving your potential buyers a home that they would want to live in, and can see themselves in. With that in mind, there are a few important factors to keep in mind, such as: making repairs, deep-cleaning your home, and making your home more efficient (i.e. heating & cooling). Click here to discover the necessary steps you should take when selling your home.  
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Ottawa Home Prices See Healthy Growth in the First Quarter of 2018

Continued demand and shortage of listings intensifies pressure on Ottawa home prices. The aggregate price of a home in Ottawa saw a healthy increase in the first quarter of 2018, rising 4.7 per cent year-over-year to $437,243, according to the Royal LePage House Price Survey released April 13th. Click here for more information on the Ottawa Real Estate Market.  
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Ottawa home sales jump 12% in March

Ottawa Business Journal Online, April 5th 2018 Ottawa’s residential real estate roared back to life in March with a double-digit increase in sales and an eight-per-cent increase in average house prices, according to the Ottawa Real Estate Board. “Properties that are priced well are selling quickly,” said OREB president Ralph Shaw in a statement, adding that homes are spending an average of 43 days on the market, down from 54 days in March 2017. Ottawa realtors sold 1,660 residential properties last month, up 12.3 per cent from the 1,478 sold during the same period a year earlier, according to OREB
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Considering selling your home over the holidays?

Are you thinking of selling over the holidays? Putting your home up for sale during the winter holiday months can seem… daunting, to say the least. Present shopping, decorating, and family can be overwhelming on their own without throwing in open houses, getting ready to move, looking for buyers and finalizing a sale. However, there are a lot of benefits to selling during this time.   Check out this blog on why it’s a great idea to list over the winter holidays!
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OSFI sets new mortgage rules, including stress test for uninsured borrowers, find out more about how this will affect you

By Pete Evans, CBC News Posted: Oct 17, 2017 9:29 AM ET Last Updated: Oct 17, 2017 3:02 PM ET   Canada’s top banking regulator has published the final version of its new mortgage rules, which include a requirement to “stress test” borrowers with uninsured loans to ensure they could withstand higher interest rates.   The Office of the Superintendent of Financial Institutions (OSFI) released new guidelines for the mortgage industry on Tuesday. The regulator floated a similar version of these rules earlier this summer in draft form, but Tuesday’s release makes them official as of Jan. 1.   Click here to read the article
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Ottawa viewed as Canada’s safest city: Poll

    Josh Pringle, CTV Morning Live Published Wednesday, August 23, 2017 7:06AM EDT  Last Updated Wednesday, August 23, 2017 7:42AM EDT Canadians believe Ottawa is Canada’s safest city. A new Mainstreet poll looks at Canadian perceptions of safety in 15 major cities across the country. Ottawa is viewed as Canada’s safest city. The survey shows 74% of Canadians say Ottawa is safe, while 14% say Ottawa is unsafe. This is the second straight year Ottawa is ranked 1st for perceived safety. The survey notes Canadians believe Ottawa is safe despite the 5% increase in the crime rate last year. Charlottetown
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Condo sales drive the Ottawa resale market in July

Members of the Ottawa Real Estate Board sold 1,530 residential properties in July through the Board’s Multiple Listing Service® System, compared with 1,490 in July 2016, an increase of 2.7 per cent. The five-year average for July sales is 1,446. “The Ottawa resale market continued its steady pace into mid-summer, with condo sales really bolstering the market this past month,” says Rick Eisert, President of the Ottawa Real Estate Board. “We’ve actually been seeing this positive trend since February. The condo market had been in a slump for the past few years because it was overbuilt. Some owners who had
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How does the increase in the Bank of Canada Rate affect your loans?

By Solomon Israel, CBC News Posted: Jul 12, 2017 5:00 AM ET Last Updated: Jul 12, 2017 4:29 PM ET   After seven years of leaving its key interest steady or cutting it to near-historic lows, the Bank of Canada has finally increased its overnight rate by 0.25 percentage points to 0.75 per cent. The overnight rate determines the rate at which banks lend money to each other on a regular basis. In practice, changes in the overnight rate get passed on to consumers through corresponding changes in interest rates on different financial products. Here’s how the increase in interest rates could filter down through the kinds of loans
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Ottawa ranked #1 as Canada’s Best Places to Live 2017!

MoneySense by Mark Brown July 4th, 2017 Online only   Where is the best place to live? Many Canadians are convinced they already know the answer: Wherever they are now. But as proud as we are of our hometowns, there are some cities that simply have it all. And for the second consecutive year that place is Ottawa.   Year after year, our nation’s capital excels on our list but we know there are naysayers out there. On the off-chance readers get the idea we have a soft spot in our hearts for the nation’s capital and played favourites, we shuffled the data a bit
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Ottawa real estate market heats up as Toronto cools down

  CBC News Posted: Jul 06, 2017 4:09 PM ET Last Updated: Jul 07, 2017 11:13 AM ET   While sales plummeted last month in Toronto, Ottawa’s homes sales — and prices — jumped in June, according to figures released Thursday by the Ottawa Real Estate Board.   The number of homes resold increased by 10 per cent, to 2,162  in June 2017 compared to 1,985 properties for the same month the previous year.   “Since the announcement in April by the Ontario Liberal government of cooling measures in Toronto, it’s no surprise that the Ottawa market has been thriving,” said Ralph Shaw, president-elect
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