Archives for Real estate information

Real Estate Vocabulary 101

I Have No Idea What He Just Said As we reach each new stage in our lives, we are always learning. There is especially true when we have decided to buy a home. Before you start the journey of purchasing a home, you must understand the basic vocabulary and terms used in the Real Estate industry. This knowledge will be critical when you sit down for the first time with your Real Estate Agent REALTOR®. This knowledge is vital in today’s Ottawa market. The process of buying and selling is happening very quickly. Being prepared with the necessary knowledge
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New Changes to the Canadian Mortgage Stress Test: What You Need To Know

Buying a house is easily the biggest decision, and the biggest purchase that many people will make in their lifetime, and often, the hurdles to overcome can be discouraging, to say the least. To purchase a home currently in Canada, you must pass the Canadian Mortgage Stress Test. This test is conducted for the purpose of ensuring that even with financial emergencies or increases in interest rates, buyers will still be able to afford to pay for the mortgage they have. On April 6th, 2020 the rules around Canada’s Mortgage Stress test will become more dynamic, and are thought to
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First Time Home Buyer Incentive – Need a Little Help?

With the recent federal election there has been a great deal of discussion around the Liberal Government’s incentive for First-time Home Buyers which was effective September 2, 2019. The Government of Canada has allocated $1.25 billion over the next three years for this program. The incentive is designed to help first-time home buyers find an affordable home. Finding an affordable home has proven to be a challenge for first-time home buyers and especially younger Canadians. The lack of inventory has affected the availability of affordable housing options. This has made the cost of housing as a percentage of gross income
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What can we expect from the Fall Real Estate Market in Ottawa?

In Ottawa, we talk about the Spring market and the Fall market as being the two busiest seasons to buy and sell real estate in Ottawa. Our Spring market started early this year and instead of slowing down over the Summer it continued to be strong throughout the Summer months. Throughout the year we have seen consistent growth in both listing prices and sale prices. In June, the Ottawa residential average sale price climbed over $500K for the first time ever! There is also great news for the Ottawa condo market. Now that condo prices have bounced back, more sellers
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Having Your Home Listed Over the Holidays

If you are planning to sell your home in the next few months, it is wise to plan to maximize the sale of your home. As the temperatures are cooling and the days are getting shorter, we are starting to think of the coming fall and winter seasons. We will also start to think of the many special holidays we will be celebrating in the next few months. The good news is that buyers who are looking over the holidays tend to be more serious. We have put together some simple tips that will ease the pressure of having your
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Ottawa Real Estate Update: September 2019

Ottawa Real Estate update September 2019 The fall real estate market in Ottawa is in full swing with strong numbers showing no signs of a slow-down in spite of the upcoming election. Condo prices have recovered (and are moving upward) in the Ottawa Real estate market and sellers are jumping back in to take advantage. Condo sales are up a whopping 26.4% over this time last year. With days on the market continuing to drop in both the residential and condo market, it’s a time when buyers should be ready to act quickly and sellers can take advantage of historically
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Beyond the Sign: Price It Right

When a home is listed, it needs to be at the right price in order to ensure that you get what you deserve for your home. There are a lot of factors that go into pricing a home and your Royal LePage Team Realty agent will help guide you through the process to ensure a positive outcome. Ultimately, the listing price is your decision, but trust your agent; they know what they are doing! What’s in a Price? When it comes to listing a home, the price can be everything. Pricing a home too low may mean that the sellers
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Beyond the Sign: Knowledge

You wouldn’t get your car fixed by anyone other than a mechanic and you definitely wouldn’t let anyone other than a doctor perform a medical procedure on you but would you consider buying or selling a home without an expert in your corner? Buying or selling a home is likely one of the biggest transactions of your life so it’s important to ensure that you have someone there to ensure that you and your assets are protected. A Royal LePage Team Realty agent is an expert in their field and they will ensure that every part of your transaction goes
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Beyond the Sign: Marketing

DIRECT: 613-223-6625 | OFFICE: 613-258-6299 MAIN LISTINGS ACTIVE LISTINGS OTTAWA SOLDS LUXURY LISTINGS OPEN HOUSES BUYERS SELLERS CATERED AFFAIRS BLOG TESTIMONIALS PARTNERS CONTACT MAIN LISTINGS ACTIVE LISTINGS OTTAWA SOLDS LUXURY LISTINGS OPEN HOUSES BUYERS SELLERS CATERED AFFAIRS BLOG TESTIMONIALS PARTNERS CONTACT LEARN MORE ABOUT THIS PROPERTY Property Details Room Dimensions Mortgage Calculator Map Property Details Room Dimensions Mortgage Calculator Map YOU MIGHT ALSO LIKE THESE LISTINGS LOOKING FOR SOMETHING SPECIFIC? LET ME KNOW AND I’LL FIND IT FOR YOU Chris Drozda Broker Phone: 613-223-6625 chrisdrozda@royallepage.ca John Carkner, Realtor® johncarkner@royallepage.ca Sue Barnes, Broker suebarnes@royallepage.ca (613) 292-5889 The trade marks displayed on this
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Market Snapshot: June 2019 Ottawa Real Estate update

Market Snapshot: June 2019 Ottawa Real Estate update. Condo Sales Continue to Dominate Resale Market | Ottawa Residential Average Sale Price Climbs over $500K for the first time ever!
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