Keep Jack Frost Out and the Heat In

How to minimize your heating costs this winter As frosty temperatures fill the air, and snow begins to cover the ground, there is a lot to think about when it comes to your heating bill. As the cost of heating your home rises in the colder months, it’s time to think about what you can do within your home to reduce some of these costs. Here are some tips and tricks that can help you to reduce the cost of keeping you and your home warm this winter: Take advantage of the solar heat – During the day, use the solar heat to your advantage by opening blinds and curtains to allow the natural light and heat to warm up your house. At night, be sure to clo...

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Cannabis Legalization: One Month Later.

It has been just over a month since cannabis was legalized in Canada. Now that the hype and excitement surrounding the ability to buy recreational marijuana legally has settled, many of us are still left with questions surrounding these new laws and what this means for home owners, buyers, and sellers alike. Here is what you need to know about cannabis legalization and real estate in Ottawa:  Home Buyers and Sellers While it may now be legal carry, smoke, and grow marijuana plants, there are many things to consider when you are in the market of buying or selling your home. Recently,  a survey on “How Canadian Homeowners and Renters Really Feel About Le...

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Holidays on a Budget: A Financially Friendly Guide to “Decking the Halls”

The holidays are just around the corner, and we will soon be covered in a blanket of snow, with marching bands leading parades, and Santa’s village bringing long lines to the malls. While the excitement builds up, we are often left wondering how we can possibly save money or limit our spending without compromising the spirit of the season. With just a few practical tips and tricks, embracing the magic and togetherness of the holidays without breaking the bank is not only a practical goal, but attainable as well. Here are a few budget friendly ways to “deck the halls” without overspending: Decor Seasonal and Holiday decor is a good way to keep you...

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Getting Ready to Sell Your Home in Winter: What You Need to Know

Selling your home in the winter real estate market may seem undesirable to some, but it has an upside.  Let’s break down some of the advantages that actually make the cold dreary season a potential win for sellers. Ottawa is in a Seller’s Market. Regardless of the weather, listings that are on the market are getting the attention of buyers, there is just not enough inventory to keep up with the demand.  Current active inventory is less than half of 2015-16 [October 2018]. Compared to last year, condo inventory is down 34.5% while residential inventory is 17.5% lower than October 2017.   One of the most affordable cities in Canada, Ottawa is still attr...

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Ottawa Real Estate Market Snapshot October 2018

Highlights from the Ottawa Real Estate Board’s Latest News Release read full story Halloween has not Scared Away Home Buyers “October’s sales are truly indicative of the fast-paced market we have experienced for much of 2018,” points out Ottawa Real Estate Board President, Ralph Shaw. “In some pockets of the city, listings are not lingering on the market. Year-to-date average Days on Market (DOMs) are down 14% from 45 to 39 days for residential homes and 24% from 68 to 51 days for condominiums.” “However, lack of supply continues to be a major driving factor in Ottawa’s real estate market,” he adds. “If we look back to 2015 and 2016, our current ...

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Home Renovations with a great return on investment

Home Renovations with a Great Return on Investment

Home Renovations with a Great Return on Investment Even if you love your space, at one point or another, most homeowners have thought about making changes…“I love our kitchen, but what if we added an island?” or “our ensuite bathroom is great, but I’d love double sinks” or even “our basement is so spacious, I wonder what it would look like finished”. If this sounds familiar read on! “When we decided to sell our first home for an opportunity to ‘move up’, we knew we needed to update the kitchen and bathroom to attract buyers and get the price we wanted. Once the renovations were competed, it looked so great (and our house sold quickly and for the price ...

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Fall Furnace Tune-Up

Fall Furnace Tune-Up As much as we may hate to admit it, fall is here. As the days get shorter and the air gets colder, the time of year when we switch from cooling our homes to heating them is upon us. However, before you switch your furnace on and start getting your winter blankets out of storage, it is wise to perform a routine inspection and maintenance of your furnace. You don’t want something going wrong in the middle of winter when you need heat more than ever. You can spend money to have a professional come and perform the inspection and tune-up, but you can also easily perform the task yourself. Step 1: Inspection Before anything else, give yo...

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Readying Your Family for an Emergency

Readying Your Family for an Emergency September 21st, 2018 is a day our community won’t soon forget. The stories we’ve heard from those affected by the tornadoes that touched down in the City of Ottawa-Gatineau were nothing short from terrifying; the photos we’ve seen from the storm’s aftermath have been undeniably bone-chilling. It has been a devastating reality that the residents of our nation’s capital weren’t quite ready to face as thousands upon thousands of families were left without power – and, worse – homes. Yet, in the same breath, we have witnessed some incredible acts of heroism and unity after such turmoil. Together, the residents, volunte...

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“Autumn Leaves are Falling; Home Prices are Not” | Ottawa Real Estate: Market Snapshot September 2018

Notable numbers in Ottawa: Market Snapshot September 2018 Have questions? Looking for specific neighbourhood stats? Message us, we’d love to help! Info@teamrealty.ca  October 3, 2018 via the Ottawa Real Estate Board “We continue to experience supply-side issues going into our fall market. The fact is, the number of residential sales would be much higher had we more robust inventory to draw from,” states Ottawa Real Estate Board President Ralph Shaw. “Condos continue to represent a greater proportion of year-to-date unit sales with a 15 per cent increase from this time in 2017.” September 2018 Notable Numbers in Ottawa Real Estate The average sale pric...

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What You Need to Know Before Listing your Home in the Fall

Listing your home in the Fall; tips for selling your home in the Autumn months With this summer’s (extreme) heat behind us, and with nothing but clear skies and crisp fall months ahead!  We often hear sellers say “We’ll wait until Spring to list”, but as HGTV’s expert Scott  MacGillivray outlines in this recent blog, there are some great benefits of selling your house in the fall.  Summer holidays are over, the kids are back in school and you may find yourself with more time to plan your next move.   So, why not swap those hot summer months for a spot in this autumn’s red-hot real estate market? Here are a few helpful hints you ...

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Kemptville Real Estate

Neighbourhood Snapshot: Kemptville “Green and Growing”

Life in Kemptville “Green and Growing” Kemptville, in the municipality of North Grenville, is one of the Ottawa areas blooming communities, fitting of the “Green and Growing” slogan! Offering a welcoming community, great schools, hospital, golf course, retirement residences, business opportunities, and an easy commute to Ottawa, its steadily growing popularity is no surprise! An easy 30-minute commute to Ottawa via the 4-lane 416 highway, the Kemptville area could be considered a “bedroom community”, but it’s so much more than that! With the steady growth of population, as well as a recent boom in economic and real estate development, it should be a se...

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Protecting Your Home from Critters

As the cooler weather starts to roll in, we are all thinking of cozying up indoors and unfortunately our furry friends outside are also thinking the same. Wild animals are currently looking for warm spaces to call home for the winter months and unfortunately our homes can be an attractive target. When animals get into a home, the damage can be severe and costly to fix but fortunately, with some careful planning you can ensure that you are not welcoming some unwanted guests over the winter months. Ottawa is home to many different critters but let’s take a look at the most common and how we can prevent them from entering our homes. While you are doing yo...

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Frolic into Fall: Fall Maintenance Tips for Homeowners

Getting ready for fall and winter can sound like a chore.  However with a few simple tips and tricks, getting it  done can be quick and will pay off, big time for homeowners. The most important aspect of getting ready is that all of the appropriate maintenance has been performed to keep your home in top shape before the snow flies. There are a few major things to remember when it comes to cold weather.  A large part of getting ready for fall is to prepare your outdoor landscapes for the harsh reality that is Canadian winter, including (but not limited to) storing patio furniture, wrapping cedar trees and putting away decorative items that could be dama...

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August 2018 Notable Numbers in Ottawa Real Estate

Ottawa Real Estate: Market Snapshot August 2018 We continue to see a healthy real estate market in Ottawa, with inventory levels are improving but still lower than we’ve seen in previous years.  Have questions? Looking for specific neighbourhood stats? Message us, we’d love to help! Info@teamrealty.ca  Summer Ends, Active Real Estate Market Continues… September 6, 2018 Ottawa Real Estate Board member sold 1,586 residential properties in August 2018, compared with 1,535 in August 2017, an increase of 3.3 per cent. The five-year average for August sales is 1,417. August’s sales included 1,188 in the residential property class, relatively...

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We appear to have a problem:The need to disclose known defects when selling your home

Every home has its’ own unique quirks and character, however, when it comes to purchasing said home, it is important that buyers are aware of any “quirks” that may actually be deficiencies. A deficiency in a home known to the seller is required to be disclosed to the buyer by law, ensuring that any future damage/repair costs cannot be something that the seller becomes liable for. When it comes to disclosing deficiencies in a home, there are two types of defects to consider – patent defects, and latent defects. A patent defect is an easily observed (obvious) defect. An example of a patent defect is a broken window, or door – this defect is visible immed...

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Reverse Mortgages: What to consider when considering a reverse mortgage

Reverse Mortgages What to consider when considering a reverse mortgage… Reverse mortgages allow homeowners to use the equity in their home as a loan, it’s a  financial strategy that is getting more common. This may be in part because a large segment of Canadian Baby Boomers (born between 1946-1964) “is on strong financial footing and on a clear path to being mortgage-free, if not already.”  But what exactly is a reverse mortgage, and how does it work?  Let’s examine the concept of a reverse mortgage, and some of the benefits and downfalls. What is a reverse mortgage? A reverse mortgage is a loan that allows you to receive money ...

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July 2018 in Ottawa Real Estate: Market Snapshot

July 2018 in Ottawa Real Estate: Market Snapshot Ottawa Real Estate Market Snapshot: July 2018:  We continue to see a healthy real estate market in Ottawa, with inventory levels are improving.  Have questions? Looking for specific neighbourhood stats? Message us, we’d love to help!!     A Sizzling Summer for Ottawa Real Estate [posted by the Ottawa Real Estate Board] August 3, 2018 Members of the Ottawa Real Estate Board sold 1,614 residential properties  in July through the Board’s Multiple Listing Service® System, compared with 1,524 in July 2017, an increase of 5.9 per cent. The five-year average for July sales is 1,501. Jul...

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The Search Is On – Listings: How the majority of buyers & sellers find listings in 2018

As the age of technology and the Internet continues to thrive, many industries have developed over the years to incorporate the constantly changing world of advertising and reaching potential clientele. Long gone are the days of people driving around on the weekends in search of potential listings, and fewer are checking the paper in search of their potential dream home. Despite these changes, the housing market is still booming and buyers and sellers alike are finding their future properties. The real question is, how has the search for real estate listings changed? The majority of that question can be answered with just one word: Internet. With mille...

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Neighbourhood Snapshot: Exploring Almonte

Under 30 minutes to Ottawa, Almonte is an Area Home Buyers Should Consider Most of us have heard the Mark Twain quote  “Buy land, they’ve stopped making it”,  there’s no doubt that investing in real estate is a great way to build equity.   As prices in the urban centres creep up, more Ottawa buyers are purchasing condos as a way to get into real estate investment.  We saw a condo boom in 2017 and the trend is continuing into 2018.  While this is a great option, if the condo lifestyle doesn’t appeal to you, you might consider bucking the trend of urbanisation, and choose to put down rural roots.  Not convinced?  If you love...

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Listed, Viewed, Sold! Steps in the home selling process 

Listed, Viewed, Sold! Steps in the home selling process   Selling your home is a big task, and an important one to pay critical attention to – as your house is typically your biggest asset. Ensuring that you’re ready to start this journey is key, and being as prepared as possible can ensure your house is sold for its’ top value. There are many important steps along the way when it comes to selling your house, and to take off some of the pressures, we’ve laid them out for you in this article. Find a realtor Your realtor is going to be your best friend when it comes to selling your home. They play a critical role in this process, and you want to be sur...

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Choosing a Realtor That’s Right for You

Choosing a Realtor That’s Right for You When it comes time for you to buy or sell your home, you’ll want to be sure that you have the guidance and support necessary for you to make a decision you’re most comfortable with. With that said, finding the right Realtor is just as (if not more) important as finding the right home. We know that by choosing Royal LePage Team Realty you are trusting us to ensure your real estate transaction goes smoothly and that your interests and investments are protected, our REALTORS® take this responsibility very seriously. Selling your home? Albeit a little overwhelming at first glance, the selling process can actually run...

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Airbnb: New regulations may change your investment

To Airbnb or not to Airbnb? New regulations in Ottawa  In the past few years, the trend of Airbnb has been sweeping the nation.  Airbnb gives property owners a platform to rent income properties and even their own homes as short term rentals.  With the homeowner in control of timing and rates, this can be a great way to off-set the costs of owning a property.   However, with the implementation of new taxes for short term rentals and with some condominium corporations changing their rules to disallow individuals from utilizing their units for such purposes, it may not be as profitable as it once was.   Knowing the facts will help you make an informed d...

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Ottawa real estate June 2018

Ottawa Real Estate Market Snapshot: June 2018 

June 2018 in Ottawa Real Estate: Market Snapshot Ottawa Real Estate Market Snapshot: June 2018:  The Ottawa Condo market is leading the way in units sold, up over 16% in the first half of 2018 compared to the same time period last year, experts say Buyers looking for affordable homes may be turning to the Condo market, due to the increase in price in single family homes.  Compared with 2017 Ottawa home sales in the $250-275K price point have decreased by 37%, and we’ve seen a 41%  decrease in the $275-300K price range. Have questions? Looking for specific neighbourhood stats? Message us, we’d love to help!!   News Release ...

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summer-is-a-good-time-to-move

Why summer is a good time to move…  

Why summer is a good time to move…   School’s officially out for summer!  If you’re like us, you’re probably thinking beaches, holidays, cottages… any activity that will get us out to enjoy the warm weather…but it can also be a perfect time to move!  While there might not be as much real estate activity in July as there is in May, it may surprise you to find out that June, July and August are busy months in Ottawa real estate, especially in recent years.  The weather is fine and there are still a lot of great opportunities to buy and sell.  Stats show that houses (and people) are making moves during the warmer months and many buyers and sellers a...

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Buying a Home: Step by Step

Buying a Home: Step by Step  Buying a home can seem like a daunting task in the beginning. There are so many options to consider, let alone finding that dream home. You may be wondering what the main things to consider when you’re going to buy a house, and how the process works? With so much information surrounding the housing market, we’ve created a short step-by-step process to help you with all your home buying needs! Finances The daunting and confusing aspect of buying a home always lands in the finance department. Mostly because finances on a large scale become a stressful process for people. However, when it comes to organizing your...

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Fun things to do in Ottawa

Turn your Vacation into a Staycation: Activities for families in Ottawa

Turn your Vacation into a Staycation: Activities for families in Ottawa  Summer is a wonderful time to spend a little quality time with friends and family; things are more relaxed, the kids are out of school and you won’t have to worry about a last minute snow storm interfering with travel plans (well here’s hoping!) . But organizing a family vacation, especially when you have young children, can be stressful (just think of the Griswalds). The packing, planning, stopping, driving, – the list could go on and on. Have you ever arrived at your destination tired, wishing you’d just stayed home?  If the answer is yes, you can take the stress out of your vac...

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Neighbourhood Snapshot : Carlington is an Ottawa Community to Watch

When you buy a home, it’s more than just the house itself, you’re really buying into a lifestyle, and becoming part of a community.  The Ottawa and surrounding area has a lot to offer and there may be “hidden gems” that you hadn’t considered.  We’re excited to introduce a new series of blog posts dedicated to giving readers the inside scoop on some great Ottawa neighbourhoods, starting with Carlington!  Welcome to Carlington! Nestled in the heart of the city, Carlington is a community to watch. This neighbourhood has lots of amenities along with easy access to the Queensway making travel within the city a breeze. Sit...

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Ottawa Real Estate Market Snapshot: May 2018 

Ottawa Real Estate Market Snapshot: May 2018:  While inventory is still lower than normal, the number of listings coming onto the market this month is typical spring activity! Have questions? Looking for specific neighbourhood stats? Message us!! The following are hightlights from the Ottawa Real Estate Board’s latest News Release read the full story Members of the Ottawa Real Estate Board sold 2,279 residential properties in May through the Board’s Multiple Listing Service® System, compared with 2,294 in May 2017, a decrease of 0.7 per cent. The five-year average for May sales is 2,041. May’s sales included 485 in the condo...

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Home-Grown Issues: The impacts of home-grown marijuana and legalization

Home-Grown Issues: The impacts of home-grown marijuana and legalization Many Canadians are awaiting this July 2018 with much anticipation, as Bill C-45 will allow the legalization of marijuana, including their ability to grow up to 4 plants within their residence. However, without the proper protections and awareness in place this new legislation could cost home owners thousands, or even their mortgage. The increase of private residence grow-ops that will begin following legalization is a major concern for the real estate industry. Experts say that everyone from “buyers, to sellers, to real estate agents, and home inspectors” will be affected by the co...

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Why You Should Check Out That Open House!

Holding an open house is an option taken by many people who are trying to sell their home. Unfortunately, these open houses are sometimes not well attended. This is a shame, because an open house is a great opportunity, even if you are not currently looking to buy a house. Whether you are actively looking for a new place to live, or buying a home is a far-off dream, here are some good reasons to attend an open house: Get an Idea of Price – An open house is a great way to get an idea of how far your budget will stretch in a given area. Looking at houses online can give you a hint, but visiting a home in person will give you a much better idea of the ty...

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