As an Ottawa Realtor I am often asked about the closing process with a lawyer. I have included an example letter from an Ottawa lawyer to highlight what happens behind the scenes. The closing date is the day when you finally take legal possession of your new home. This date is specified in your […]
It was a beautiful sunny morning in the capital. I was driving on Arlington Avenue, a quiet Centertown street with a speed limit of 40km/hr. heading to show a house to a great client. As I approached the house I saw my client and waved. I had to do a 3 point turn to […]
I am pleased to provide you with my year-end review of the real estate market for the Qualicum area. The average sale price of a home sold in Qualicum rose by 3.4% to $542,971. When we look more closely, we can see that it is the 2-storey, hi-ranch, and split level category that supported this […]
I am pleased to provide you with my year-end review of the real estate market for the Stittsville area. In December, 17 homes were sold in Stittsville compared to 12 homes in December 2015. In terms of sales since January, Stittsville has seen 472 sales this year compared to 481 over the same period last […]
Imagine going into a bidding war on a house against one of your best friends. Well, I was the Realtor caught in the middle. It was a cold, snowy night in Ottawa. I was on my way to show a house that had just come on the market to some really close friends of […]
Members of the Ottawa Real Estate Board sold 995 residential properties in November through the Board’s Multiple Listing Service® System, compared with 986 in November 2015, an increase of 0.9 percent. The five-year average for November is 939. The November’s sales included 230 in the condominium property class and 765 in the residential property class. […]
On Monday, the Ontario Liberal Government announced it is doubling the rebate on the land-transfer tax for first-time homebuyers to $4,000. This effort is to encourage first-time home buyers. The increased rebate will take effect January 1, 2017. According to the Ontario Finance Minister Charles Sousa doubling the refund will result in over half […]
Members of the Ottawa Real Estate Board sold 1,214 residential properties in October through the Board’s Multiple Listing Service® System, compared with 1,159 in October 2015, an increase of 4.7 per cent. The five-year average for October sales is 1,130. This is the third straight months of record-breaking resales. Residential sales are identical to that […]
Another month with records broken for residential and condo units sold – 200 more units sold than the 5-year average for September sales. Members of the Ottawa Real Estate Board sold 1,371 residential properties through the Board’s Multiple Listing Service® System, compared with 1,241 in September 2015 – an increase of 10.5%. With fewer listings […]
The Federal Government is taking steps to ease emerging risks in the country’s housing market. The new measures should slow the injection of foreign cash and will tighten the eligibility rules for prospective borrowers. The sizzling Toronto and Vancouver markets are out of reach for many Canadians and some fear that foreign investment money in […]
