Our local Ottawa real estate board regularly publishes information about market conditions in and around the city. And while this information is useful, the data is based on statistics compiled from ALL home sales regardless of age, style, neighborhood or price point. As such, it may not necessarily reflect the conditions specific to YOUR home. When marketing your home for sale, it is critical that your sales representative identify market conditions specific to your home. Are you in a seller’s market, a balanced market, or a buyer’s market? Each of these market conditions demands a different marketing strategy to ensure
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Monthly Archives February 2014
Ottawa Residential Housing Price Increases between 1956 and 2013
As the Nation’s Capital, Ottawa has always been a great city in which to buy real estate, whether for home ownership or investment purposes. Over the years, when the rest of the country was experiencing dramatic downturns in their real estate markets, Ottawa seemed to be insulated and the housing market remained steady. This historical trend continues today, and presently Ottawa enjoys a diverse employment base that helps it to weather the economic storms. In contrast, the housing markets in other communities across Canada continue to be directly affected by local economic conditions and downturns in local industries. The chart
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Now Sellers Can Choose Their Commission Rate
Today more than ever, consumers have choices when it comes to what commission rate they will pay when listing their home for sale. From flat fees to full service fees, and many options in between, it seems that consumers are spoiled for choice. But if you’re considering listing your home for sale, you simply must make sure that you clearly understand exactly what each level of service provides. What are you getting for the fee you’re paying? What level of service can you expect to receive? How much of the process will you be expected to perform? Will your agent
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Condominium Living
An Ideal Lifestyle for Some People Wanting Freedom and Forced Savings for Repairs and Replacement So you want to purchase a home but don’t want to spend your weekends mowing the lawn or shoveling snow. Then condominium living may be just what you’re looking for! With a condominium, you own your individual unit in a multi-unit property, plus you share ownership of the land and other common elements with the other condominium unit owners. Common elements typically include the hallways, elevators, parking lot, landscaped areas, swimming pool, games room, and the like. Condominium Fee Just remember that unlike freehold properties,
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