REAL ESTATE NEWS

The hot ticket item throughout the COVID-19 pandemic has been changing at a pace that almost seems impossible to keep up with. It began with toilet paper and Lysol wipes, and moved quickly to office furniture and electronics, and now that summer is here, and a hot one at that, Ottawa area residents are now...

Market Snapshot: The numbers are up again as this past months unit sales increased 19% from this time last year! Ottawa’s resale market offers solid returns for many Sellers, while Buyers continue to feel the squeeze. Those most impacted are especially those attempting to enter the housing market. Multiple offers are a common occurrence with over...

Moving is a task that few find pleasure in, as it requires countless hours of organizing, packing, and lots of heavy lifting. Unfortunately, when doing this through a pandemic with travel restrictions in place and physical distancing measures still active, it may feel like there could not be a more inconvenient time to relocate. However...

HOMELISTINGSACTIVE LISTINGSOPEN HOUSESLUXURY PROPERTIESREALTORS®RESOURCESCOMPANYREAL ESTATE BLOGCAREER IN REAL ESTATEABOUT TEAM REALTYCONTACT USHOMELISTINGSACTIVE LISTINGSOPEN HOUSESLUXURY PROPERTIESREALTORS®RESOURCESCOMPANYREAL ESTATE BLOGCAREER IN REAL ESTATEABOUT TEAM REALTYCONTACT USHOMELISTINGSACTIVE LISTINGSOPEN HOUSESLUXURY PROPERTIESREALTORS®RESOURCESCOMPANYREAL ESTATE BLOGCAREER IN REAL ESTATEABOUT TEAM REALTYCONTACT USHOMELISTINGSACTIVE LISTINGSOPEN HOUSESLUXURY PROPERTIESREALTORS®RESOURCESCOMPANYREAL ESTATE BLOGCAREER IN REAL ESTATEABOUT TEAM REALTYCONTACT USOttawa Real Estate Snapshot June 2020Market Snapshot: A dramatic upswing in...

ROYAL LEPAGE TEAM REALTY STANDS WITH THE REST OF THE WORLD TO END THE SPREAD OF COVID-19 As a devoted member and essential service in Ottawa and Surrounding Area, Royal LePage Team Realty and our agents have been working hard to end the spread of COVID-19 while remaining mindful of the changing needs and expectations...

With the spring season now in full bloom, summer approaching quickly, and social distancing guidelines leaving you a little stir-crazy, you may be feeling anxious to spend time outdoors and keep yourself busy while waiting for restrictions to be lifted. Fortunately, when you have to #StayHome, you might be able to find some time to...

  Mother’s Day is just around the corner, and while many of us generally take this time to visit and surprise our Mothers with gifts of appreciation, good food, and laughs with the family, the current state of the COVID-19 pandemic still has us practicing social distancing measures, limiting our interactions. While this certainly isn’t...

The onset of the global COVID-19 pandemic has created changes and challenges in the way we conduct our normal daily activities. While we used to enjoy taking a break from the busy world outside of our homes, we are now being asked to make that break our new reality by staying inside and practicing social...

Have you ever wondered what type of neighbourhood best resonates with you? Buying a home is an exciting time for new, and there are so many choices when it comes to housing styles, are you a bungalow, a stacked condo, a single-family dwelling? Each of these styles of homes can be found in neighbourhoods with...

Market update: March 2020. While we are thankful to have been named an essential service, Realtors® and brokerages everywhere are working together to ensure that necessary protocols  are in place to ensure public safety in this new reality.  As trusted advisors, committed to flattening the curve, our industry is finding creative ways to use technology...

Is the right time for us to purchase Real Estate? The question of when it is the right time to purchase real estate is always a very important family decision. For millennials, homeownership in Canada is approximately 50 percent. In contrast, 55 percent of their parents currently own their own homes.  While millennials have lower...

Legal Recreational Cannabis and the Impact on the Ottawa Real Estate Market Updated 24 April 2020 Recreational cannabis has been legal in Canada since October 2018. Saskatchewan’s implementation of the new law has been the most efficient. Ontario was the slowest; however, it is now improving the availability of cannabis products. Federal and Provincial regulations...

One of the reasons Canada is the greatest country in the world is that we embrace new Canadians. The indigenous people were the first people in Canada. All other Canadian families have come from another country, we all have come from somewhere. Canada proudly is one of the most diverse and safe countries in the...

It is essential for a business that they find the right location to set up their business and to decide whether to buy or lease a location. There are advantages and disadvantages to both. You will need an experienced commercial REALTOR®, an accountant and a lawyer working together to help you make the right decision...

Based on information released February 5, 2020 by the Ottawa Real Estate Board Average Sale Prices up over 19% in both Residential and Condominium Properties January’s average sale price for a condominium-class property was $338,077, an increase of 19.1 % from January 2019 January’s average sale price of a residential-class property was $516,229, an increase...

Have you ever considered owning, investing or leasing commercial real estate? Commercial real estate is defined as any non-residential property used for commercial profit-making purposes. It includes; office, retail, industrial, institutional, land, multi-family residential, and hotel/motel properties. All aspects of acquiring or leasing a commercial property are much more complicated than residential and require a...

Ottawa Real Estate Highlights December 2019 Record-Breaking 2019 Closes Out Decade Another record breaking year in both the number of sales & average prices! The average sale price of a residential property crept up over $500K during several months in 2019, with the annual average sale price settling at just below $490,000. As we head...

Buying a house is an exciting time, and whether you are just entering the market or you are a seasoned buyer ready for your next move, investing in real estate is a smart decision. To some, the Realtor App could be considered the Tinder of the Real Estate world, swiping past sub-par matches looking for...

Coming up with gift ideas for the people in your life can be difficult sometimes.  We have put together a gift-giving guide for those people that have moved into a new home or a new condo.  Perhaps you are the one that has moved this year if so we included some ideas for little gifts...

Ottawa Real Estate Highlights November 2019 Weather isn’t Cooling the Resale Market!  Highlights from the Ottawa Real Estate Board December 4, 2019 UNIT SALES Members of the Ottawa Real Estate Board sold 1,288 residential properties in November through the Board’s Multiple Listing Service® System, compared with 1,161 in November 2018, an increase of 10.9 %. Residential:...

While many people once shied away from condominiums, today, this home-owners option is sought out by people of all ages and lifestyles. Condominiums are popping up in all neighbourhoods, with amenities that cater to the needs of people with all types of wants, needs, and abilities. Whether you are a working professional, young family, retiree...

Ottawa Real Estate Snapshot:  October 2019 Based on information from on the Ottawa Real Estate Board November 5th, 2019 Properties Sold Total properties sold: 1,607 an increase of 16.9% over October 2018 1,211 in the residential-property class, up 15% over October 2018 396 in the condominium-property category, up 23% over October 2018 The five-year average...

After a few flat years, the Ottawa condo market started picking up steam in 2016 and continues to be a popular choice for Ottawa buyers today. Lower inventory levels and higher prices in the residential market have helped to increase activity in the condo property class.  According to the Ottawa Real Estate Board “September...

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...