By: Ottawa Real Estate Board

Ottawa Housing Market Sees Hottest July in 15 Years!

Tags: Ottawa Real Estate Market, Ottawa Real Estate, Ottawa, July, July Housing Market, Home

August 6, 2019 Members of the Ottawa Real Estate Board sold 1,842 residential properties in July through the Board’s Multiple Listing Service® System, compared with 1,605 in July 2018, an increase of 14.8 per cent. July’s sales included 1,382 in the residential-property class, up 12.3 per cent from a year ago, and 460 in the condominium-property category, a rise of 23 per cent fro...Read More

By: Royal LePage Performance Realty

6 Easy Ways to Spruce Up Your Backyard for Summer!

Tags: Ottawa Homes, Home, Backyard, Summer, Backyard Upgrade

Here in Ottawa, there is a lot of time in the year that we are unable to use our backyard. That means when summer rolls around, we want to be outdoors as much as possible! However, if your outdoor space is looking a little drab and tired you may not enjoy spending time there. Luckily, there are many quick and affordable ways to spruce up your backyard and have it looking brand new in no time! &nb...Read More

By: Dave Pankew

How to get a construction mortgage loan to build your DREAM home!

Tags: Home in Ottawa, Construction Mortgage, Mortgage, Dream Home, New Home

For most, the fantasy of building a dream home is just that—a fantasy: the perfectly styled gourmet kitchen, the shower big enough to fit an elephant and every tiny detail carefully considered to be exactly what you want. As a trained architect, it haunts me that at my age I still haven't designed and built my own home. With so much to consider, where do you begin? As always, a good pla...Read More

By: CBC News

Rent in Ottawa out of reach for low-income earners, report finds.

Tags: ottawahomes, ottawarent, rentprices, lowincome, homesinottawa, newhome, renters, royallepage, royallepageperformancerealty,

Tenants must earn $26 per hour to afford 2-bedroom apartment, think-tank says.  For workers earning minimum wage, Ottawa is one of the least affordable places in Canada to rent an apartment, according to a new report. The report, published Thursday by the Centre for Canadian Policy Alternatives (CCPA), calculates the rental wage — the hourly wage needed to rent an average tw...Read More

By: Royal LePage

Canadian Real Estate Market Shows Signs of a Sustainable Recovery with Modest Price Gain of 1.1% in Second Quarter

Tags: ottawahomes, ottawahousingmarket, ottawarealestate, buyingahome, homebuyer, homesinottawa, realestatemarket, marketupdate, royallepage

TORONTO, July 10, 2019 – According to the Royal LePage House Price Survey[1] released today, low interest rates and healthy employment have offset the market drag caused by widespread economic uncertainty that has kept monthly unit sales volumes below the ten-year average[2]leading to very modest home price appreciation at the national level.The Royal LePage National House Price Co...Read More

By: Royal LePage Performance Realty

Buying a Home: What Does it Really Cost?

Tags: ottawahomes, homesinottawa, dreamhome, ottawarealtors, thebytownhomesteam, royallepageperformancerealty, ottawarealestate, buyingahome, sellingyourhome

When house-hunting people make sure to only look at homes within their budget, lest they fall in love with a house they can’t afford. But the sale price is only one cost involved in purchasing a home, albeit the most important cost. When buying a house, there are a number of other one-time fees and costs involved that you may not be aware of. It is best to be aware of these costs upfront as ...Read More

By: Todd McLaughlin source: Royal LePage Performance Realty

Why Your Home's Listing Price is So Important!

Tags: ottawahomes, ottawarealtors, ottawarealtor, homesinottawa, sellingyourhome, buyingahome, dreamhome, homeprices, homepricing, royallepage, royallepageperformancerealty

Pricing your home can be one of the trickiest elements of the selling process in general. Naturally, most sellers are inclined to want to price it high in order to gain as much return on their investment as possible. But beware! If you get the price wrong, you risk putting off potential buyers and delaying the process longer than anticipated. Read on to learn why. If Your Price is Too High You...Read More

By: Pete Evans: CBC News

Government lays out fine print of new CMHC program that could contribute 10% to price of first home.

Tags: ottawahomes, cmhc, firsttimehomebuyer, firsthome, ottawarealestate, ottawahouses, ottawacondos, ottawamortgages

  The government on Monday released details of a program announced during the last federal budget, an initiative that could see Canada's housing agency contribute up to 10 per cent of the price of a buyer's first home if certain conditions are met. Under the fine print for the First Time Home Buyer Incentive program, which was announced in March and will official...Read More

By: Todd McLaughlin source: CTV Ottawa

The City of Ottawa will top one million people by Friday!

Tags: majormilestone, ottawapopulaation, onemillionpeopleinottawa

The population of the city of Ottawa will reach a major milestone by this weekend. The capital’s population will top one million people. Mayor Jim Watson says more people are coming to the city through immigration, and for jobs in high tech or the federal government.       “It’s a pretty significant milestone in the city's history to reach a mil...Read More

By: Todd McLaughlin source Royal LePage Performance Realty

Smart Renovations: Improvements that Pay!

Tags: ottawahomes, homerenovations, removatingyourhomes, sellingyourhome, homesales, ottawacondos, ottawahouses, realestate, royallepage. thebytownhomesteam

So you’re thinking about doing a kitchen facelift, putting on an addition or landscaping your yard. If you’re renoing your house with an eye to upping resale value, you may want to focus your dollars on projects that will give you the best return.   The kitchen Kitchen renos usually offer the best return of any major improvement. Just make sure you’re keeping your upda...Read More

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