First-time Homebuyer? Here’s how your RRSP can Help
August 12, 2019For young people who dream of buying their first home, one of the biggest challenges is raising the thousands of dollars they need for that down payment. As a Realtor in Ottawa for more than three decades, I’ve met many young people who tell me they want to buy, but even after saving carefully, they...
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GREAT TIME TO BUY REAL ESTATE IN OTTAWA
August 9, 20194 Reasons Why It’s a Good Time to Buy Your First Ottawa Home...... I have found that while many of my prospective buyers who are keen to buy their first home or condo. (or those wishing to get into the market for investment purposes) they are having second thoughts as they’re a little nervous...
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Ottawa House Prices up 10.4 % in July
August 7, 2019The Ottawa re-sale housing market had an unusually busy July, with our region seeing its highest sales volume for the month in 15 years. July also saw an upsurge in new listings for the first time in 2019, the Ottawa Real Estate Board reported in its news release on sales for the month. The average...
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Tips on Purchasing a Home in Ottawa’s Fast Market
July 23, 2019You’ve found the house of your dreams in your favourite Ottawa neighbourhood, and you want to put in an offer. Before you’ve even filled out the papers, you’re picturing your family enjoying summer evenings on that beautiful back patio under the trees. But will you be ready to compete with other...
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Ottawa House Prices up 7.6 %
July 5, 2019First Half of 2019 sees Ottawa House Prices up 7.6 % The average price of a resale residential home in Ottawa in June was $500,716 _ an 11.4 % increase over the average price in June of 2018, the Ottawa Real Estate Board says. In its announcement of sales numbers for June of 2019 in...
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Federal Government Reveals Details of First-Time Home Buyer Incentive
June 21, 2019Canada’s Federal Government has revealed details of a new incentive it says will help make mortgage payments more affordable for first-time homebuyers, but some mortgage industry experts say the caps and restrictions on the program will limit how many buyers will be interested. The First-Time Home Buyer Incentive will start Sept. 2 and will be...
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Ottawa Resale House Prices up 6.4 %
June 6, 2019The numbers are in for Ottawa’s resale real estate market in May, and I’m happy to share good news on multiple fronts. Average selling prices were up by 6. 4 % from May of 2018 for residential homes, while condominium unit prices were up 5.8 %, the Ottawa Real Estate Board reports. As well,...
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Own an Investment Property? Know the Rules before You Rent
June 4, 2019It can be a great way to earn extra income, but if you’re considering purchasing an investment property in Ontario, it’s important to brush up on the provincial laws that you must follow before and after you sign that lease. Over my more than three decades as a Realtor in Ottawa, I’ve helped many clients...
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Ottawa House Prices up 7.4 % April 2019
May 3, 2019The average sale price for Ottawa houses was up 7.4 % in April of 2019 and the average sale price for a condominium unit was up 14.3 % over the average prices in the same month in 2018, the Ottawa Real Estate Board has reported. The Board has just released the...
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MPAC Assessment vs Market Value
April 29, 2019Assessment vs Market Value: a Guide As a Realtor who has helped hundreds of Ottawa clients buy their first homes over the past three decades, I sometimes hear from those clients after they receive their first MPAC Assessment Notice in the mail. What are these assessments and what do they mean? The notices are issued by...
