Posts Tagged ‘Average’

NEW OTTAWA EXCLUSIVE LISTING PLATFORM

Posted on: April 4th, 2024 by Chris Scott

In Ontario’s real estate market, staying one step ahead is crucial, especially with recent legislative changes making exclusive listings—homes not advertised on the public market—more private than ever. But accessing these hidden gems just got easier for our clients, thanks to our partnership with Knokd.

Exclusive listings offer a unique advantage: they benefit sellers seeking privacy and buyers eager for less competition and early access to unique properties. With Ontario’s new legislation tightening rules around advertising these properties, they’ve become even more elusive. That’s where Knokd comes in.

Knokd is our secret weapon. This program allows us to share with you listings that are coming soon or are exclusively available, ensuring you’re first in line for properties that perfectly match your criteria—properties you won’t find on MLS or online platforms.

With our expertise and exclusive access through Knokd, we’re not just finding you a home; we’re uncovering opportunities that others don’t even know exist. Ready to step ahead in Ontario’s competitive real estate market? Get in contact today!

SUBURBAN STATISTICS UPDATE MARCH 2024

Posted on: April 1st, 2024 by Chris Scott

Here’s the newest Suburban Statistics Series update. We’re highlighting stats for the five biggest urban neighbourhoods in Ottawa. Since Ottawa is pretty spread out, it’s interesting to see how things vary in each area. These stats are all based on MLS OREB sales from January 1, 2023, to March 31, 2023, compared to the same period from January 1, 2024, to March 31, 2024.

 

 

OTTAWA MARKET UPDATE: FEBRUARY 2024

Posted on: March 8th, 2024 by Chris Scott

As the temperatures rise, so does the activity in the Ottawa real estate market. Buyers are emerging again, actively making offers on properties that are well priced and present well. While some sellers are hanging on to 2022 inflated prices they tend to remain sitting on the market.

The Bank of Canada’s target inflation rate stands between 1-3%, with our current standing at 2.9%. Although we’re within the target range, we’re not at the lower end, which is why we did not see an interest rate adjustment this past week. If we get that closer to 2% we might see some rate relief by June. Despite this, buyers are already factoring in possible changes and maintaining consumer confidence amidst a market of low inventory. This begs the question: will we maintain a balanced market, lean toward a seller’s market again, or shift to a buyer’s market.

Dive deeper with Chris’s predictions below. And, as always, if you’re curious about the latest trends in your neighbourhood, our team would love to provide a personalized assessment of what your home could fetch in today’s market

 

 

 

 

 

 

 

 

SUBURBAN STATISTICS UPDATE FEBRUARY 2024

Posted on: March 6th, 2024 by Chris Scott

Here’s the newest Suburban Statistics Series update. We’re highlighting stats for the five biggest urban neighbourhoods in Ottawa. Since Ottawa is pretty spread out, it’s interesting to see how things vary in each area. These stats are all based on MLS OREB sales from January 1, 2023, to February 28, 2023, compared to the same period from January 1, 2024, to February 29, 2024.

 

 

Predictions for Spring Market

Posted on: February 22nd, 2024 by Chris Scott

Spring is approaching, and the real estate market, after a unique start in 2024 with hesitant buyers and sellers, is showing signs of optimism. Check out why we expect a pickup in activity as confidence grows, anticipating a dynamic and bustling season ahead. If you have questions about what’s happening in your neighbourhood, please don’t hesitate to get in touch. My team and I would love to have a chat with you.

 

 

 

 

 

 

 

SUBURBAN STATISTICS UPDATE JANUARY 2024

Posted on: February 5th, 2024 by Chris Scott

Here’s the newest Suburban Statistics Series update. We’re highlighting stats for the five biggest urban neighbourhoods in Ottawa. Since Ottawa is pretty spread out, it’s interesting to see how things vary in each area. These stats are all based on MLS OREB sales from January 1, 2023, to January 31, 2023, compared to the same period from January 1, 2024, to January 31, 2024.

 

 

SUBURBAN STATISTICS UPDATE DECEMBER 2023

Posted on: January 3rd, 2024 by Chris Scott

Here’s the newest Suburban Statistics Series update. We’re highlighting stats for the five biggest urban neighbourhoods in Ottawa. Since Ottawa is pretty spread out, it’s interesting to see how things vary in each area. These stats are all based on MLS OREB sales from January 1, 2022, to December 31, 2022, compared to the same period from January 1, 2023, to December 31, 2023.

 

 

OTTAWA MARKET UPDATE: NOVEMBER 2023

Posted on: December 12th, 2023 by Chris Scott

It has been an interesting 2023, to say the least! As interest rates go up, prices have been coming down. Sellers need to adjust their expectations while buyers finally have a chance to negotiate deals. New legislation that allows open bidding will definitely add an interesting twist to the market as we head into 2024. If you have questions about what’s happening in your neighbourhood, please don’t hesitate to get in touch. My team and I would love to have a chat with you.

 

 

 

 

 

 

SUBURBAN STATISTICS UPDATE NOVEMBER 2023

Posted on: December 1st, 2023 by Chris Scott

Here’s the newest Suburban Statistics Series update. We’re highlighting stats for the five biggest urban neighbourhoods in Ottawa. Since Ottawa is pretty spread out, it’s interesting to see how things vary in each area. These stats are all based on MLS OREB sales from January 1, 2022, to November 30, 2022, compared to the same period from January 1, 2023, to November 30, 2023.

 

 

A Luxury Staging Transformation

Posted on: November 22nd, 2023 by Chris Scott

In the dynamic world of real estate, the sale of 38 Metropole Private #3201 stands out as a testament to the impact of strategic staging. Every single room underwent a full transformation, turning vacant spaces into luxurious, lived-in environments.

Each room was carefully staged with thoughtfully chosen furniture, art, place settings and more, creating an atmosphere that was not just aesthetically pleasing but also easy to picture living in. The once-empty spaces were brought to life, allowing potential buyers to envision their own lives within the confines of this sophisticated unit.

The success of 38 Metropole Private #3201 is a direct result of this intentional approach. By moving beyond the conventional and ensuring that every room was fully staged, the property transcended the ordinary. It ceased to be a collection of empty spaces and instead became a showcase of possibilities.

The impact was palpable as potential buyers, scrolling through listings, encountered a property that wasn’t just visually appealing but also evoked a sense of comfort and style. This focus on transformation, from vacant to inviting luxury was crucial to the successful sale of the home.

The strategic staging didn’t just contribute to a successful sale—it elevated the property’s desirability. Each room showcased a lifestyle waiting to be embraced. 38 Metropole Private #3201 is a prime example of how attention to detail in staging can turn a vacant space into a vision of luxury.