Ottawa House, Condo Prices up 19% in November
December 4, 2021Ottawa resale house & condominium prices were both up nearly 20% in November over the average sale prices in November of 2020, the Ottawa Real Estate Board has announced. In its report on sales numbers for November of 2021, the Board says the average sale price for a condominium-class property was...
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How Mortgage Loan Insurance is Calculated
November 19, 2021Mortgage loan insurance protects the lender from default and most Canadian lending institutions are required by law to have it. If the borrower defaults (fails to pay) on the mortgage, the lender is reimbursed by the insurer. The cost for this coverage is in the form of an insurance premium which...
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Electric Vehicles: A Q&A for Property Buyers
November 16, 2021It’s not a subject that comes up every day when I’m helping a client buy a house or condominium unit in Ottawa, but with the increased concern for the environment, I’m expecting to meet more and more buyers who have purchased an electric vehicle or are considering one. These buyers will be looking for...
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OPTIONS OF OWNERSHIP
November 8, 2021Is a freehold better than a condominium? It all depends on your circumstance - there are lots of reasons why some people are choosing the condominium alternative over classic freehold ownership. The Classic FreeholdYou own the land and the house outright and are the sole decision maker when it comes to maintenance,...
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Ottawa Resale House Prices up 19% in October
November 3, 2021The average sale price for a resale home in Ottawa in October of 2021 was up 19% from October of 2020, the Ottawa Real Estate Board has reported. In October, a month marked by continued lower-than-usual inventory, the average sale price for a residential-class property in Ottawa was $716,378, the Board...
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Tips on Selling in the Fall-Winter Months
October 20, 2021Think the only time to list your home or condo for sale is in the busy spring-summer market, when we traditionally see the largest number of listings and a lot of buyers looking? Think again! Houses and condos can and do sell at all times of the year, and that’s been particularly...
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Simple ways to reduce fall-winter heating costs
September 30, 2021Fall officially arrived Sept. 22, and along with the arrival of the spectacular fall colors many of us love, it means we’re heading into longer nights, colder temperatures and an increase in our energy bills as we stay warm and cozy. Hydro Ottawa, which supplies electricity to more than 330,000 homes...
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Thinking of a Condo? Pros & Cons to Consider
September 16, 2021As a Realtor in the Ottawa area since the mid-1980s, one of the biggest changes I’ve witnessed is the growth in popularity of condominium ownership. In the early years of my career, condo ownership was rare. Today, it seems, there is a new condo project on almost every corner, from high-rise...
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Ottawa Resale House Prices up 14%
September 3, 2021The average sale price of an Ottawa resale house in August 2021 was up 14% over what it was in August of 2020, the Ottawa Real Estate Board has reported. The average sale price of a condominium unit, meanwhile, was up 6% in August over a year ago. Members of the Ottawa...
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Purchasing a Cottage? Check Internet Availability
August 27, 2021Thinking of purchasing a summer cottage or a waterfront property you plan to use as a year-round second home? Before looking for a place in a favorite region, remember that the high-speed internet connection we take for granted in Ottawa is not available everywhere. Internet service is better in some rural...
