Archives for Real Estate Information

Ottawa Real Estate Market Update: May 2015

June 3, 2015 | Comments Off

Stats stats stats! It’s being called a “Buyer’s Market” but overall the Ottawa’s Real Estate resale market was strong and steady in May 2015. Below are some of the highlights from the Ottawa Real Estate Board. This type of Real Estate Market overview is interesting but please speak to one of our REALTORS or Contact us for the statistics in your specific neighbourhood! We’d love to hear from you and we’re here to help. Posted by the Ottawa Real Estate Board June 3rd, 2015 Members of the Ottawa Real Estate Board sold 1,926
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Wow! Ottawa ranked #1 amongst large cities and #2 overall in MoneySense's Canada's Best Places to Live 2015 rankings!

June 2, 2015 | Comments Off

Canada’s Best Places to Live 2015: Measuring quality of life in 209 cities Wow! Ottawa ranked #1 amongst large cities and #2 overall in MoneySense’s Canada’s Best Places to Live 2015 rankings! Read Full Article Here We’ve always loved Ottawa but with a resurgence in amazing restaurants, arts and culture, farmers markets and start up companies like Shopify making headlines, in recent years our national reputation has gone from drab to fab! Finally the rest of Canada is seeing what we do: Ottawa is a truly awesome place to live! “Ottawa benefits from being fairly stable while other cities have
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Royal LePage Gale Real Estate and Royal LePage Team Realty team up for record-breaking fundraiser

May 26, 2015 | Comments Off

Every year on a Tuesday in May, Royal LePage Team Realty and Royal LePage Gale Real Estate get together for a charity auction. It all started in Almonte in 2001, when Butch Oldford bought a tie at a company breakfast meeting for $250. Butch asked that the money go to charity. Realizing that cancer has touched many of our lives we decided to celebrate Denim Tuesday together and we have raised over $400,000 for local cancer charities. All of the auction items are donated by our Sales Representatives, Management team and Staff. We also have some great sponsors – Mortgage Brokers
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Fun Real Estate Facts: Average Ottawa Home Prices 1956-2014

April 24, 2015 | Comments Off

The Average Price of a home in Ottawa in the year 2000 was $159,511 – last month in March 2015 it was $361,572 (including Residential & Condos!) What was the Average the year you bought your first house? The year you were born? The year you got married? Check the chart below for details. Interested in finding out what your home is worth today? We’re happy to provide you a free home evaluation, contact us today!
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Ottawa Real Estate Market Update: Spring is finally here!

April 13, 2015 | Comments Off

Is now the right time for YOU to buy or sell? For a full report of what’s going on in your Ottawa area neighbourhood talk to your Royal LePage Sales Representative or if you’re looking for a great Realtor®, e-mail Kent Browne kent@royallepage.ca or 613-725-1171. Helping YOU is what we do. _______________________________________________________________________ Busy spring season arrives amidst March snow banks! – Ottawa Real Estate board Members of the Ottawa Real Estate Board sold 1,208 residential properties in March through the Board’s Multiple Listing Service® system, compared with 1,184 in March 2014, an increase of two per cent. The five-year average
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Resale buyers brave the February freeze

March 4, 2015 | Comments Off

Members of the Ottawa Real Estate Board sold 853 residential properties in February through the Board’s Multiple Listing Service® system, compared with 868 in February 2014, a decrease of 1.7 per cent. The five-year average for February sales is 914. “Even though we had one of the coldest months on record, resales for the month of February are only slightly down from last year,” says President of the Ottawa Real Estate Board, David Oikle. “Looking at residential properties alone, 13 more properties were sold this February over last February – a 1.9 per cent increase; while the condo
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Royal LePage House Price Survey: Ottawa trending towards a Buyer’s Market

October 16, 2014 | Comments Off

OTTAWA RECORDS FLAT HOUSING MARKET IN THE THIRD QUARTER High inventory leads to an uneventful third quarter OTTAWA, October 15, 2014 – The Royal LePage House Price Survey released today saw prices for homes in Ottawa remain relatively flat. Detached bungalows and standard two-storey homes increased 1.2 per cent year-over-year to $403,091 and $406,264, respectively. Standard condominiums saw a slight decline in price, dropping 0.3 per cent to $258,132. “Buyers had a surplus of inventory to choose from this quarter, with much of the inventory left over from slower than usual winter and spring selling seasons,” said John Rogan, broker manager, Royal LePage Performance Realty. “However, there
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Steady as she goes for September real estate sales in Ottawa

October 9, 2014 | Comments Off

From the Ottawa Real Estate Board September/October 2014 “Members of the Ottawa Real Estate Board sold 1,133 residential properties in September through the Board’s Multiple Listing Service® system, compared with 1,118 in September 2013, an increase of 1.3 per cent. The five-year average for September sales is 1,103. “Our community is fortunate to enjoy one of the most stable real estate markets in Canada,” says Randy Oickle, President of the Ottawa Real Estate Board [and President/General Manager of Royal LePage Gale Real Estate] “This is evidenced by the fact that the units sold and the average sale price in August and September
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Square Footage of Homes… Why Such a Mystery?

May 7, 2014 | Comments Off

When it comes to measuring square footage for a home or condominium it’s not so easy! Buyers always ask their sales representative for information on the square footage of the home they are considering buying and realtors always want to know approximately how many square feet exists in the home or condominium they are selling. Unfortunately organized real estate no longer promotes the use of square footage in the details of housing due to the potential liability on the homeowner and real estate agent as a result of the inconsistency of how a home can be measured. Unfortunately there
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Campaign Launched By Provincial Realtors to Stop the Spread of Another Costly Home Owner’s Tax

April 30, 2014 | Comments Off

Help us in an effort to “Say no to another home owner tax” – It is our mission to help prevent the spread of a new municipal land transfer tax (MLTT). This tax is in addition to the Land Transfer Tax a consumer already pays to the province when purchasing real estate and this provincial tax is already a large amount. Now your local municipalities want to Tax the home buying consumer again by introducing a new local Municipal Land Transfer Tax. Currently only implemented in Toronto, this tax has a great possibility of spreading to other regions of Ontario.
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