Twin Waterfalls Team : Blog : Latest Blog Posts

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Tue, 10 Dec 2024 17:32:03 GMT

Wiggle Waggle Walk & Run on September 29, 2024

Sat, 07 Sep 2024 16:30:30 GMT

Ottawa’s MLS® Market Gains Momentum Heading into Summer

Sun, 11 Aug 2024 13:20:38 GMT

The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totaled 1,241 units in July 2024. This was a 13.6% increase from July 2023.

Home sales were 7.1% below the five-year average and 8.8% below the 10-year average for the month of July.

On a year-to-date basis, home sales totaled 8,349 units in July 2024 — an increase of 5.5% from the same period in 2023.

“As the market pace typically slows in the summer, July’s activity is encouraging and could be a sign of more gains ahead,” says OREB President Curtis Fillier. “Buyer confidence is slowly but surely catching up while sellers continue to add a steady stream of new listings. Of course, the extent to which that translates into transactions depends on the type of properties and price points available in our communities as supply and affordability issues persist.”

“It’s too early to tell, but recent policy developments could be a boost,” says Fillier. “Two consecutive interest rate cuts by the Bank of Canada, coupled with the federal government’s introduction of 30-year amortization periods on mortgages for first-time homebuyers purchasing newly built homes, will help some buyers. However, these are demand policies and Ottawa — as well as many cities across the country — needs action on the supply side.”

In its Monetary Policy Report, the Bank of Canada points to municipal zoning restrictions and high development fees as long-standing standing challenges to supply growth. Recent data from the Ontario government shows Ottawa is significantly behind its housing starts goal having only built 1,593 homes out of its 12,583 target for 2024. OREB and its member REALTORS® continue to advocate for direct solutions to address the city’s housing crisis, such as allowing four units per lot and reducing costly development fees.

By the Numbers – Prices:

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures.

• The overall MLS® HPI composite benchmark price was $648,900 in July 2024, an increase of 0.1% from July 2023.

o The benchmark price for single-family homes was $734,700, down 0.1% on a year-over-year basis in July.

o By comparison, the benchmark price for a townhouse/row unit was $506,100, up 3.4% compared to a year earlier.

o The benchmark apartment price was $422,800, down 0.9% from year-ago levels.

• The average price of homes sold in July 2024 was $679,610 decreasing 2.1% from July 2023. The more comprehensive year-to-date average price was $681,082, increasing by 1.0% from July 2023.

• The dollar volume of all home sales in July 2024 was $843.3 million, up 11.3% from July 2023.

OREB cautions that the average sale price can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The calculation of the average sale price is based on the total dollar volume of all properties sold. Prices will vary from neighbourhood to neighbourhood.

By the Numbers – Inventory & New Listings

• The number of new listings saw an increase of 17.1% from July 2023. There were 2,231 new residential listings in July 2024. New listings were 6.3% above the five-year average and 6.9% above the 10- year average for the month of July.

• Active residential listings numbered 3,480 units on the market at the end of July 2024, a gain of 37.0% from July 2023. Active listings were 50.6% above the five-year average and 2.3% below the 10-year average for the month of July.

• Months of inventory numbered 2.8 at the end of July 2024, up from 2.3 in July 2023. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

Development Charges Focus on Young Buyers

Sat, 20 Jul 2024 21:05:05 GMT

Ottawa’s MLS Market Thawed in January but Sales Still Slow

Thu, 08 Feb 2024 19:57:58 GMT

Ottawa’s MLS Market Thawed in January but Sales Still Slow

Sales in January:

In January 2024, 629 units were sold in Ottawa, an increase of 16.5% compared to January 2023. Home sales were 10.7% below the 5year average and 3.9% below the 10-year average for the month of January.

Comments from the Real Estate Board President:

“Ottawa’s market activity is seeing positive gains over last year but it’s still a relatively quiet market even by pre-pandemic standards,” says OREB President Curtis Fillier. “While REALTORS® are telling us there’s lots of showing activity — probably thanks in part to the forgiving winter thus far — it’s not all translating to sales. This tells us that buyers are back out there looking, but still approaching cautiously. During the pandemic market, buyers had to move quickly and sometimes settle for a property that didn’t check all their boxes. Today, buyers are using the slower market to take the time needed to find their perfect place. Sellers would be well-advised to adjust their expectations and thoughtfully consider their pricing and timing strategy using the negotiating expertise and hyper-local data their REALTOR® can provide.”
“Ottawa’s market conditions can fluctuate quickly, though, because our supply is chronically low,” adds Brandon Reay, OREB’s policy and external relations manager. “Ottawa needs more suitable and affordable homes to address the housing crisis, and we need to increase density to meet population demands. We can’t restore and grow upon the market activity Ottawa saw five and 10 years ago without more houses for people to buy. OREB recommends direct solutions for meaningful policy change, including streamlining the process at the Ontario Land Tribunal, eliminating exclusionary zoning, and permitting four units on residential lots. To meet the aggressive housing targets, we need to close the labour gap with investments in colleges and trade schools. We don't need any more reactionary and distracting policy, like the federal government’s extension of the foreign buyers ban."

Home Prices:

The HPI indicates a modest increase in home prices compared to last year:
The benchmark price for a typical home was $621,600 in January 2024, up by 3.2% from January 2023.
Single-family homes: The average price was $703,500, a 3.7% increase from the previous year.
Townhouses: The average price was $462,200, down 2.1% from last year.
Apartments: The average price was $418,500, showing a 3.7% increase from the previous year.
The overall average price of homes sold in January 2024 was $631,722, a 1.8% increase from January 2023.
The total value of all homes sold in January 2024 amounted to $397.4 million, a 18.6% increase from January 2023.

Listings and Inventory:

There was a 7.3% increase in new listings compared to January 2023.
At the end of January 2024, there were 1,961 homes available for sale, 4.5% more than the previous year.
The inventory of homes was at 3.1 months, down from 3.5 months in January 2023, indicating the time it would take to sell all homes at the current sales rate.

New property listed in Ottawa

Fri, 26 Jan 2024 09:01:12 GMT

I have listed a new property at 1868 MAPLE GROVE Road in Ottawa. See details here

Step into opulence with this 2020 Hartland Tamarack residence. This EnergyStar-certified home spans over 3000 sf on a premium wide lot. As you enter, you're greeted by a majestic foyer, a versatile sitting area, & a separate dining room easily transformed into a main floor office. The chef's kitchen, bathed in natural light, boasts high-end appliances & quartz counters, complemented by floor-to-ceiling cabinets and an eat-in breakfast bar. The open concept seamlessly connects the kitchen to the LV rm, centered around a cozy gas FP. Upgraded hardwood flooring graces every inch of the home, extending to the fully finished basement. The 2nd floor features 4 big bdrms and 3 full bths (2 ensuites & 1 Jack & Jill bath) and a full sized laundry room. The Master suite offers upgraded closets and a luxurious 4-piece bath retreat. The fully finished basement includes the 5th bedroom & a 3-pc bth. This residence effortlessly blends elegance with functionality for the ultimate living experience. (id:2493)

New property listed in Winchester

Sat, 20 Jan 2024 09:01:20 GMT

I have listed a new property at 13243 THOMPSON Road in Winchester. See details here

Live and work at home with a unique business opportunity, all set on a sprawling 49.61-acre estate. This fullyoperational gravel pit with a Class B License has a unique license to mine above/below the water table. It has anauthorized 16.2 hectares (40 acres) for sand & gravel extraction. The pit is currently permitted to produce amaximum of 20,000 metric tonnes of aggregates annually, but could be expanded to an A-class license. This landpresents significant potential for further extraction and expansion! Furthermore, the property's value is enhancedby a residential living. This home offers 5 bds, 3 bths, and ample space for entertaining. Highlights includecathedral ceiling in the LV Rm, guest-loft, 3-cars garage, finished bsmt w/game room and radiant floor heating,geothermal heating, HRV and more. The exterior is adorned w/cultured stone and barnboard-like façade. Fullylandscaped, the ground features two man-made ponds and a hobby-barn. Don't miss out this amazing opportunity. (id:2493)

New property listed in Winchester

Sat, 20 Jan 2024 09:01:20 GMT

I have listed a new property at 13243 THOMPSON Road in Winchester. See details here

Live and work at home with a unique business opportunity, all set on a sprawling 49.61-acre estate. This fully operational gravel pit with a Class B License has a unique license to mine above/below the water table. It has an authorized 16.2 hectares (40 acres) for sand & gravel extraction. The pit is currently permitted to produce a maximum of 20,000 metric tonnes of aggregates annually, but could be expanded to an A-class license. This land presents significant potential for further extraction and expansion! Furthermore, the property's value is enhanced by a residential living. This home offers 5 bds, 3 bths, and ample space for entertaining. Highlights include cathedral ceiling in the LV Rm, guest-loft, 3-cars garage, finished bsmt w/game room and radiant floor heating, geothermal heating, HRV and more. The exterior is adorned w/cultured stone and barnboard-like façade. Fully landscaped, the ground features two man-made ponds and a hobby-barn. don't miss out this amazing opportunity. (id:2493)

New property listed in Ottawa

Wed, 03 Jan 2024 09:01:21 GMT

I have listed a new property at 22 1250 MCWATTERS Road in Ottawa. See details here

*Price Improved!* Welcome to 1250 McWatters Road, Unit #22 where you will find an updated, move-in ready 3 Bedroom, 1 Bathroom, single level, end Unit Condo, in a prime location. This unit is perfect for first time home buyers, investors, or downsizers. This unit features an open concept Living & Dining Room area with easy access to Kitchen, in-unit Laundry, a large patio door leading to a fenced patio area and outdoor shed for extra storage. Tastefully redecorated throughout and sure to be the perfect home for you. Close to Parks, Pinecrest Public School, Algonquin College, Queensway Carleton Hospital, Ikea, Bayshore, public transit, shopping, easy access to the 417 and 15 minute drive to Downtown. (id:2493)

New property listed in Morewood

Tue, 02 Jan 2024 09:01:20 GMT

I have listed a new property at 23 MOFFAT Street in Morewood. See details here

INVESTORS - ADD THIS BEAUTY TO YOUR PORTFOLIO!! Welcome to Park Place, a 14-unit building in Morewood. Formerly Morewood Elementary School, the building was converted into 14 apartments in 2010. Extremely well maintained and cared for, the building consists of 2 bachelors, 11-one bedroom and one handicapped unit. Interior was completely redone between 2011-2014. Updates include laminate flooring throughout all units, kitchens, walk-in closets, ceramic tiles and electric fireplaces in all units. 2012 - Electrical/Plumbing/Fire Alarm System; 2018 - Gas Boiler/Chlorine Injection System; 2020 - Two Roof Top Heat Pumps-AC/Two 75 gal HWTs; and 2023 - Two Septic Pumps. Most units have 9 ft ceilings and open-concept living. Large bathrooms and bedrooms with walk-in closets. Excellent tenants that always pay on time. NEVER A VACANCY and ON-SITE CARETAKER. 30 minutes to St Laurent Shopping Centre, 21 minutes to the Amazon warehouse. Book a showing today. (id:2493)

New property listed in Chesterville

Tue, 02 Jan 2024 09:01:20 GMT

I have listed a new property at 2080 THIBAULT Court in Chesterville. See details here

Welcome to Thibault Court. A charming hidden gem in the North Dundas Twp near Chesterville. This private 4-bdrs home on 1.59 acre lot, includes 2 separate outbuildings for all your work and storage needs. The spacious home offers a large main floor with living and dining spaces, open concept kitchen with a breakfast bar and a sitting room with a fireplace. The large 4th bdrm on the main floor is currently used as a home office. The generous primary bedroom with 2 walk-in closets is accompanied by a large ensuite with soaker tub & storage closet. The two other bdrms are freshly painted, bright and a great size. The full bathroom features a laundry shoot direct to the washer/dryer. The U-shaped finished basement presents a large rec-room, sitting area, dining and lots of additional storage. Enjoy tall ceilings and hardwood floors throughout the entire home. A good-sized deck has access to the sunroom with hot tub. Only 8 min to Winchester & 25 min to Hwy 417. Come home to the country! (id:2493)

New property listed in Morewood

Tue, 19 Dec 2023 09:01:20 GMT

I have listed a new property at 23 MOFFAT Street in Morewood. See details here

New property listed in Ottawa

Thu, 16 Nov 2023 09:01:32 GMT

I have listed a new property at A 173 CRESTWAY Drive in Ottawa. See details here

A lovely and cozy 2 bedroom/1 bath unit in the heart of Barrhaven. Freshly painted, this unit offers an open concept living and dining room, a walk out to large tarrace and a gas line hook up is available for your BBQ. The open kitchen also features a breakfast bar, black stainless steel appliances. Other features include stackable washer & dryer, large storage space, laminate floor, wardrobe in the 2nd bedroom and plenty of natural light throughout the unit. Great amenities including Movati Gym, grocery stores, restaurants, schools and parks. Pet and smoke free home. Available immediately. Don't miss this one. Interior photos to follow. (id:2493)

New property listed in Ottawa

Thu, 19 Oct 2023 09:01:27 GMT

I have listed a new property at 2103 GARDENWAY Drive in Ottawa. See details here

Move-in Ready! Take a look at this beautiful 2-storey home, with double car garage, in the family-oriented area of Fallingbrook. The spacious and open concept layout offers 4 bedrooms on the second level, and 2 bonus rooms in the basement. The main floor, with gleaming hardwood flooring, has 2 living/family spaces separated by a fireplace. There is also a dining space for all your family gatherings. Enjoy the sun filled kitchen with views of your backyard! On the upstairs floor, a huge primary suite has a generous walk-in closet and 4-piece ensuite complete with soaker tub! Additionally, there are three other good sized bedrooms. The large finished basement features new vinyl plank flooring (2022) and lots of space for whatever your heart desires. With its ideal location in the heart of Orleans, this home has everything that you need at the tip of your fingers - top-rated schools, parks, dining and shopping. OH Sunday Oct 22, 2-4 pm. (id:2493)

New property listed in Chesterville

Fri, 13 Oct 2023 09:01:30 GMT

I have listed a new property at 2080 THIBAULT Court in Chesterville. See details here

New property listed in Ottawa

Thu, 28 Sep 2023 09:01:29 GMT

I have listed a new property at 501 475 LAURIER Avenue West in Ottawa. See details here

Attention First Time Buyers/Investors/Contractors. This condo unit is approx. 930 s.f., 2 bedrooms, 1 large bath, 20 foot+ private balcony, in-unit storage room and large front hall closet space. This is a very well-maintained building in Centertown. Parking is included. A 5-minute walk to LRT station. Easy access to Bronson Park, Victoria Island, Parliament Hill, Rideau Centre, Byward Market and Chinatown. Bring your vision and expertise to make this unit your next home. Tenant occupied, 48 hours notice required. (id:2493)

New property listed in Smiths Falls

Fri, 15 Sep 2023 09:01:31 GMT

I have listed a new property at 192 HAROLD Street in Smiths Falls. See details here

OH - Sunday Sept 17, 2-4 pm. Welcome to this lovely bungalow in Ferrara Meadows Community. This home offers an open floor plan including 2 bedrooms, 1 ½ baths and semi-finished basement. Featuring hardwood floor and gas fireplace enclosed by custom built mantel and shelving. The kitchen has a movable island. A gas stove for the ones who love to cook. From patio to the rear deck is a walk out to the backyard with treed area, gas hook-up for your BBQ and a perfect size for entertaining in this quiet-fenced in yard. Roof was replaced in 2022. The basement is semi-finished with a rough-in for another bathroom, plenty of room to add another bedroom or more. Selected photos are virtually staged. Book a showing today. (id:2493)

New property listed in Ottawa

Sat, 09 Sep 2023 09:01:22 GMT

I have listed a new property at 1250 MCWATTERS Terrace in Ottawa. See details here

OPEN HOUSE SATURDAY AND SUNDAY Sept 9-10 from 2-4 PM. Welcome to 1250 McWatters Road, Unit #22 where you will find an updated, move-in ready 3 Bedroom, 1 Bathroom, single level, end Unit Condo, in a prime location. This unit is perfect for first time home buyers, investors, or downsizers. This unit features an open concept Living & Dining Room area with easy access to Kitchen, in-unit Laundry, a large patio door leading to a fenced patio area and outdoor shed for extra storage. Tastefully redecorated throughout and sure to be the perfect home for you. Close to Parks, Pinecrest Public School, Algonquin College, Queensway Carleton Hospital, Ikea, Bayshore, public transit, shopping, easy access to the 417 and 15 minute drive to Downtown. (id:2493)

New property listed in Morewood

Sat, 09 Sep 2023 09:01:22 GMT

I have listed a new property at 23 MOFFATT Street in Morewood. See details here

INVESTORS - ADD THIS BEAUTY TO YOUR PORTFOLIO!! Welcome to Park Place, a 14-unit building in Morewood. Formerly Morewood Elementary School, the building was converted into 14 apartments in 1981. Extremely well maintained and cared for, the building consists of 2 bachelors, 11-one bedroom and one handicapped unit. Interior was completely redone between 2011-2014. Updates include laminate flooring throughout all units, kitchens, walk-in closets, ceramic tiles and electric fireplaces in all units. 2012 - Electrical/Plumbing/Fire Alarm System; 2018 - Gas Boiler/Chlorine Injection System; 2020 - Two Roof Top Heat Pumps-AC/Two 75 gal HWTs; and 2023 - Two Septic Pumps. Most units have 9 ft ceilings and open-concept living. Large bathrooms and bedrooms with walk-in closets. Excellent tenants that always pay on time. NEVER A VACANCY and ON-SITE CARETAKER. 30 minutes to St Laurent Shopping Centre, 21 minutes to the Amazon warehouse. This property won't last. Book a showing now. (id:2493)

New property listed in Smiths Falls

Wed, 05 Jul 2023 09:01:31 GMT

I have listed a new property at 192 HAROLD STREET in Smiths Falls. See details here

Welcome to this lovely bungalow in Ferrara Meadows Community. This home offers an open floor plan including 2 bedrooms, 1 ½ baths and semi-finished basement. Featuring hardwood floor and gas fireplace enclosed by custom built mantel and shelving. The kitchen has a movable island. A gas stove for the ones who love to cook. From patio to the rear deck is a walk out to the backyard with treed area, gas hook-up for your BBQ and a perfect size for entertaining in this quiet-fenced in yard. Roof was replaced in 2022. The basement is semi-finished with a rough-in for another bathroom, plenty of room to add another bedroom or more. Tenants occupied and they work mostly from home. Murphy bed, wall cabinet and the desk belong to the tenants and will be removed at closing. Book a showing today. (id:2493)

New property listed in Ottawa

Sat, 20 May 2023 09:01:56 GMT

I have listed a new property at 100 HILLSIDE DRIVE UNIT#20 in Ottawa. See details here

METICULOUS AND EXQUISITE! Executive townhome offers 3 bdrs (1 bd converted to den), 2.5 bths, pkng, and private, fenced in courtyard. Well planned renovations, focused on functionality and design, include gleaming maple hdwd flooring, chef's kitchen w/maple cabinet by Theo Minualt, high-end SS appliances, ensuite bath with beautiful shower and overhead heat lamp, the main bath a luxurious bathtub, glass top vanity and heated floor, maple staircase with glass panels and a small workspace. Be awed by the 19’ vaulted ceiling and large windows in the primary bedroom, overlooking onto the pond and the parkland. Plenty of storage areas and parking is direct entrance to the unit. Amenities include private parkland, recreation center, indoor/outdoor swimming pools, tennis courts, squash & racquetball courts, full gym and sauna. Short distance to Shopper's Drug Mart, Tim Hortons, Independent Grocer, Farm Boy, and a network of biking/walking trails. You will never find another one like this. (id:2493)

New property listed in Kars

Sun, 14 May 2023 09:01:40 GMT

I have listed a new property at 1388 COMMODORE LANE in Kars. See details here

WOW! Amazaing waterfront property with 3.87 acres of prime land in Kars. This parcel of land features 685'+ shoreline, manicured landscape and wooded land. All year round road access and easy commute to Manotick and Ottawa. The property includes a RV trailer, lanai, pontoon boat, boat canopy, lawn furniture, 36-ft Fendock, drilled well with an expansion tank, hydro entrance 200 AMO (20 amp & 30 amp outlet by the shoreline), holding tank and more. The current use of land is recreational. Great swimming and boating in the summer. Kids will love camping on the ground to explore the nature. This is a perfect place to build memories for your family and friends. YOU WILL FALL IN LOVE WITH IT INSTANTLY. (id:2493)

New property listed in Renfrew

Wed, 03 May 2023 09:01:52 GMT

I have listed a new property at 770 EIGHTH STREET in Renfrew. See details here

Welcome to 770 Eighth Street, Renfrew, Ontario. This 3-bedroom house is located in a quiet neighborhood. Just minutes off the highway, while close to amenities. Main level features bright and spacious living-dining room, a 3-seasoned room that leads to the deck and yard. A rebuilt mud-room is right next to the kitchen which provides additional storage. Updates include brand new vinyl flooring throughout on main level, bathroom vanity, and fresh paint. Upstairs offer 2 spacious and bright bedrooms. The unfinishsed basement has great potential for the next buyer to create more space and plumbing-ready for a second bathroom. The house comes with a 200 AMP service, owned furnace 2010 and Hot Water Tank 2021. An oversized single car garage with power and parking up to 4-cars in the driveway. This house has room to grow, with great potential. 48 Hour Irrevocable on all offers. Book your showing today! (id:2493)

New property listed in Ottawa

Fri, 28 Apr 2023 09:01:48 GMT

I have listed a new property at 2126 CANBERRA PLACE in Ottawa. See details here

LOCATION! LOCATION! A HIDDEN GEM in the city!! This beautiful condo townhouse is situated in the family-oriented neighbourhood of Pineview. Amenities are close by, easy access to public transit including the new LRT train station and minutes to the Queensway. This townhouse is a well kept home for a long-time owner and their beloved pets. It offers 3 bedrooms, 1 full bath and 2 half-baths, and finished basement. The main floor features a customed kitchen with plenty of cupboard and workspace, granite countertop and updated light fixtures. (New Microwave/Hood Fan to be installed). Large window in the dining room and patio from living room to in the backyard. Upstairs offers 3 generous sizes of bedrooms, an updated full bath and an ensuite powder room. Garage inside entrance is perfect for the winter days. The home is perfect for first time home buyer or downsizer. Open house on Saturday and Sunday, April 29/30, 2-4 pm. (id:2493)

New property listed in Ottawa

Fri, 21 Apr 2023 09:01:43 GMT

I have listed a new property at 215 PARKDALE AVENUE UNIT#406 in Ottawa. See details here

Beautiful one bedroom condo located in the Parkdale Terrace building. Location and lifestyle - steps from Tunneys Pasture, trendy Hintonburg and West Wellington neighborhoods. The Parkdale Farmer's Market, LRT, restaurants, coffee shops, fabulous boutiques, bike paths, the Ottawa River, Westboro Beach and so much more are within walking distance! This 1 bedroom/1 bathroom condo offers gorgeous natural light throughout the day and a private balcony. The updated unit includes hardwood flooring, spacious kitchen with newer appliances and a generous primary suite. Large closets, storage and in-suite laundry included. Building amenities: parking, bike room, indoor pool, sauna, library and rec space. Make this beautiful, open-concept condo your new home! Open House Sunday April 23, 2-4 pm. (id:2493)

New property listed in Ottawa

Fri, 14 Apr 2023 09:01:42 GMT

I have listed a new property at 1729 TRAPPIST LANE in Ottawa. See details here

This END UNIT condo townhouse is situated in the family oriented neighbourhood of Convent Glen. Amenities are close by, easy access to public transit including the new LRT train station and minutes to the Queensway. This townhouse offers 3 bedrooms, 1 ½ baths, and finished basement filled with pot lights. Newer vinyl flooring throughout the house, update kitchen cabinets and light fixtures. Many visitor parking spaces across from the house. It is a perfect place for FIRST-TIME BUYERS OR INVESTORS! Open house on Sat and Sun, April 15 & 16, 2-4 pm. (id:2493)

New property listed in Braeside

Fri, 14 Apr 2023 09:01:42 GMT

I have listed a new property at 2197 RIVER ROAD in Braeside. See details here

From sunrise to sunset, a home with an unobstructed view overlooking the Ottawa River! ATTENTION RENOVATORS AND CONTRACTORS. This single-family home offers 3 bedrooms and 1 bath, un-touched basement, a double detached garage and a very large barn for hobbyist workshop. 200 amp service and power is available in the garage and barn. There is also running water in the barn. Woodstove in the basement. Furnace 2019, AC 2019, Well Pump 2020. Easy commute to Braeside and Arnprior and 45 minutes to Kanata. Make this home your next dream home! Home needs work and is selling it in as-is conditions. No warranties or representations will be made by the Estate Trustee. Book a showing today. (id:2493)

New property listed in Ottawa

Sat, 08 Apr 2023 09:01:38 GMT

I have listed a new property at 3822 ALBION ROAD in Ottawa. See details here

OH Sat and Sun, April 8-9, 2-4 pm. Welcome to 3822 Albion Road. This is a single family home with an SDU (secondary dwelling unit), ideal for a family living in one unit and renting the other one. Suite ONE features 3 bedrooms and 1 ½ baths, updated and renovated kitchen and baths in 2012/13, HE furnace, water heater and roof in 2014. The basement is semi-finished. New front entry and verandah addition in 2012. Suite TWO - SDU (secondary dwelling unit) and the garage were added in 2014. This addition was constructed with a “green-build concept” in mind, this unit highlights with a cathedral ceiling, in-floor radiant heating, HRV, custom-built closets, cabinets with self-closing doors/drawers and separate storage area. Other features are two-toned kitchen cabinets, granite counter top, full bath with stacked up laundry machines and hot water on demand. Imported Italian murphy bed/sofa/bookshelf is also included. Note: Separate AC for both units. Book a showing today. (id:2493)

New property listed in Ottawa

Sat, 01 Apr 2023 09:01:56 GMT

I have listed a new property at 195 BESSERER STREET UNIT#1602 in Ottawa. See details here

Welcome to Claridge Plaza 4. The Yankee model, approx. 940 sf, features 2 bedrooms + den and 2 full baths. This unit offers beautiful hardwood floor, ceramice tiles, granite kitchen counter top, stainless steel appliances, and beautiful cabinets. The two bathrooms are completed with granite vanity tops, a large walk-in shower, bathtub and contemporary faucets. The unit has southern exposure that fills the living room and bedrooms with natural lighting. Amenities include are indoor pool, recreation room, and party room. 24-7 Security at front desk. Unit is tenant occupied until end of April. One underground parking space and storage locker are included. The property also comes furnished and it is ideal for investors renting to students or professionals. Note: photos were taken prior to tenant occupancy. Book a showing today. (id:2493)

New property listed in Ottawa

Sat, 01 Apr 2023 09:01:56 GMT

I have listed a new property at 618 TANGUAY COURT in Ottawa. See details here

Welcome to 618 Tanguay. This 2 bedroom, 1.5 bathroom condo is the perfect compact space! The location is close to schools, shopping, transit and a beautiful parkspace. The large main floor includes a Living room, large, eat-in kitchen and access to the patio with Brand new flooring and lighting. The second level has 2 generous sized bedrooms, laundry and bathroom. The primary suite has its own balcony and walk-in closet. The unit also has access to a storage unit. The condo fees include: Roof, Windows, Doors, Patio, Balcony, Outdoor pool & equipment, Snow removal & Landscaping! Lots of visitor parking for guests and one spot included. Don’t miss this amazing opportunity! OH Sat/Sun - April 1 & 2, 2-4 pm. (id:2493)

New property listed in Ottawa

Sun, 26 Mar 2023 09:01:35 GMT

I have listed a new property at 3818 ALBION ROAD UNIT#B in Ottawa. See details here

FULLY FURNISHED & ALL INCLUSIVE. Updated 1 bd/1 bath suite with in-unit laundry (gas dryer) and A/C wall unit. Open floor plan offers living room, kitchen with granite counter and small island and work desk. Corner unit with large windows filters by natural lighting. The unit includes kitchen accessories, flat screen TV, secured Wi-Fi and one parking space. Radiant heat in floor. One bus to downtown. Apartment has a side entrance and it is ideal for Military transfer. You won't be disappointed. (id:2493)

New property listed in Ottawa

Tue, 14 Mar 2023 09:01:38 GMT

I have listed a new property at 10 LEONARD AVENUE UNIT#B in Ottawa. See details here

Looking for something quiet and cozy to call it home. Available in May - 2 bedroom/1 bath apartment near Carleton University. This unit with a side entrance offers a renovated kitchen with a granite countertop, stainless steel appliances, and an updated bath. Only steps from the Canal, walk or bike to shops in Old Ottawa South, Landsdowne Park, and the Glebe. This is a non-smoking building and small pet-friendly. Laundry is shared and included in the rent. Parking for a small car is available for an extra $75/mth. Book an appointment today. (id:2493)

New property listed in Ottawa

Sat, 11 Feb 2023 09:01:39 GMT

I have listed a new property at 90 LANDRY STREET UNIT#802 in Ottawa. See details here

Welcome to the sought-after La Tiffani Phase 2 by Claridge. This open-floor plan has 2 bedrooms and 2 full baths. This unit features hardwood flooring throughout, granite countertops in the kitchen and bathroom, in-unit laundry and storage locker. Spectacular floor to ceiling windows bring an amazing view of the city and the Rideau River. One underground parking is also included. Amenities include an indoor pool, exercise room, and party room. Minutes to shops and restaurants in Beechwood Village, Byward Market, and Parliament Hill. 24 hours showing notice is required. (id:2493)

New property listed in Ottawa

Mon, 23 Jan 2023 09:01:45 GMT

I have listed a new property at 205 PIAZZA CIRCLE in Ottawa. See details here

Available immediately - Beautiful detached family home on a quiet street in Strandherd/Barrhaven. Safe neighbourhood and low traffic is perfect for any family. Spacious living space on the main floor, 9 foot ceiling throughout. Bright family room with a fireplace opens up to a large kitchen and eat-in area. Kitchen is equipped with stainless steel applicances. On the second floor, the primary bedroom features a 4-pc ensuite bath and a walk-in closet. There are also 3 large bedrooms and a full bath for the family. An interlock fenced-in backyard is great place for BBQ, entertaining family and friends. Inside entrance from the double garage parking and tons of storage space in the lower level. Minutes to Market Place, great schools and public transit, it is an ideal location for family. (id:2493)

Quiet December Caps Off Tumultuous Year

Fri, 06 Jan 2023 17:01:23 GMT

Members of the Ottawa Real Estate Board (OREB) sold 601 residential properties in December through the Board’s Multiple Listing Service® (MLS®) System, compared with 857 in December 2021, a decrease of 30%. December’s sales included 466 in the residential-property class, down 22% from a year ago, and 135 in the condominium-property category, a decrease of 48% from December 2021. The five-year average for total unit sales in December is 775.

2022 in Review

Residential and condo resales in 2022 totaled 15,288, compared with 20,289 in 2021, decreasing 25%. Total sales volume in 2022 was approximately $10.5B compared to $13B in 2021.

“Even with the normal seasonal slowdown, December’s performance was in stark contrast to the very active resale market that opened 2022,” says Ken Dekker, OREB’s newly installed 2023 President. “As interest rates and inflation both climbed, buyers retreated to the sidelines and began taking a wait and see approach. However, while it’s quieter than the frantic pace we experienced in 2021, it is now a balanced market.”

By the Numbers – Average Prices*:

• The average sale price for a condominium-class property in December was $434,973, an increase of 9% from 2021.

• The average sale price for a residential-class property was $655,839, decreasing 7% from a year ago.

• With year-to-date average sale prices at $769,623 for residential units and $453,770 for condominiums, these values represent a 7% increase over 2021 for residential-class properties and an 8% increase for condominium-class properties.

“Although market activity tapered off in later 2022, there was an immense amount of activity in the spring at high prices,” says Dekker. “This will be an important caveat to consider as we begin comparing 2023 numbers to the previous year.”

By the Numbers – Inventory & New Listings:

• Months of Inventory for the residential-class properties has increased to 3.7 months from 0.9 months in December 2021.

• Months of Inventory for condominium-class properties has increased to 3.9 months from 0.9 months in December 2021.

• December’s new listings (699) were 17% higher than 2021 (600) and down 56% from November 2022 (1,598). The 5-year average for new listings in December is 662.

“The leading economic force behind Ottawa’s rapid appreciation in the past five years is chronic supply insufficiency,” says Dekker. “It intensified during the pandemic as prospective purchasers capitalized on incredibly low interest rates. Today’s higher rates are slowing down building projects, which exacerbates the low supply issue.”

2023 Lookahead

“Since Ottawa is made up of hyper-local markets, it is a difficult ecosystem to forecast,” says Dekker. “Plus, there are a multitude of factors influencing a changing economic environment these days that will dictate how much activity the resale market will see in 2023. REALTORS® have access to expert insights and industry resources that can help buyers and sellers navigate the complexities.”

REALTORS® also help with finding rentals and vetting potential tenants. OREB Members have assisted clients with renting 6,105 properties this past year compared to 4,813 in 2021.

* OREB cautions that the average sale price can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The calculation of the average sale price is based on the total dollar volume of all properties sold. Price will vary from neighbourhood to neighbourhood.

New property listed in Braeside

Sat, 31 Dec 2022 09:01:34 GMT

I have listed a new property at 2197 RIVER ROAD in Braeside. See details here

From sunrise to sunset, a home with an unobstructed view overlooking the Ottawa River! ATTENTION RENOVATORS AND CONTRACTORS. This single-family home offers 3 bedrooms and 1 bath, un-touched basement, a double detached garage and a very large barn for hobbyist workshop. Furnace 2019, AC 2019, Well Pump 2020. Easy commute to Braeside and Arnprior and 45 minutes to Kanata. Make this home your next dream home! Home needs work and is selling it in as-is conditions. No warranties or representations will be made by the Estate Trustee. Book a showing today. (id:2493)

New property listed in Ottawa

Wed, 28 Dec 2022 09:01:26 GMT

I have listed a new property at 37 GARDENPOST TERRACE in Ottawa. See details here

This Minto Haven is a spacious Executive Townhome. The main floor living area is brightly lit thanks to large windows. In the galley kitchen, you will find beautifully upgraded cabinets and stainless steel appliances. Amazing hardwood floors are found throughout the main floor, stairs and second floor of the home. The master bedroom with walk-in closet and private ensuite is a soothing retreat to relax in at the end of the day. The 2 remaining rooms are great sizes for extra bedrooms or a home office. The finished family room in the basement with an additional full bathroom is ready for fun and games, and the large window makes the room bright and welcoming. The backyard is completely enclosed and ready for next summer. Now sit back, relax, and enjoy the show — or entertain friends in style. (id:2493)

NOVEMBER RESIDENTIAL RESALES: EXPECTEDLY LOW

Tue, 06 Dec 2022 19:07:33 GMT

Members of the Ottawa Real Estate Board (OREB) sold 846 residential properties in November through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,456 in November 2021, a decrease of 42%. November’s sales included 658 in the residential-property class, down 39% from a year ago, and 188 in the condominium-property category, a decrease of 50% from November 2021. The five-year average for total unit sales in November is 1,270.

“November’s sales were expectedly low given the typical slowdown this time of year but they also reflect today’s economic conditions,” says Penny Torontow, OREB’s 2022 President. “This is not isolated to our local market. Globally, we’re still adjusting to the post-pandemic world and that affects demand, pricing, interest rates, cost of living, supply chain disruptions and more. As a result, those who can, are waiting and watching.”

By the Numbers – Average Prices*:

The average sale price for a condominium-class property in November was $415,533, a decrease of 4% from 2021.
The average sale price for a residential-class property was $680,031, decreasing 5% from a year ago.
With year-to-date average sale prices at $774,422 for residential units and $454,436 for condominiums, these values represent an 8% increase over 2021 for both property classes.

“What’s concerning about the current market is the impact on first-time homebuyers,” says Torontow. “The marked decrease in condo sales, for example, signals that even entry-level properties are being affected. Fluctuating markets, paired with the stress test, are keeping first-time buyers on the sidelines in a tight rental market—with MLS® rentals increasing 27% this year over last.”

By the Numbers – Inventory & New Listings:

Months of Inventory for the residential-class properties has increased to 3.5 months from 0.9 months in 2021.
Months of Inventory for condominium-class properties has increased to 3.4 months from 1.1 months in 2021.
November’s new listings (1,598) were 12% higher than 2021 (1,429) and down 22% from October 2022 (2,046). The 5-year average for new listings in November is 1,398.

“With nearly four months of inventory and an average 30 days on market, Ottawa now has a balanced resale market, slightly tipping toward the buyers,” says Torontow. “Sellers are well-advised to work with a REALTOR® who has hyper-local knowledge about specific neighbourhoods, appropriate price points and ideal timing. Prices are adjusting but real estate is a long-term investment. It’s the same reason I tell buyers to marry the house and date the rate.”

New property listed in Pembroke

Sun, 06 Nov 2022 09:01:27 GMT

I have listed a new property at 154 WALTERS ROAD in Pembroke. See details here

This beautiful country home minutes from Pembroke in the Laurentian Valley is situated on 1.06 acres of land. The lovely bungalow features 4 bedrooms, 1 full bath with a partially finished basement, and an insulated attached garage. Recent updates include new paint, vinyl plank flooring, baseboard/trims (2022), triple-pane windows (2018), roof (2018), bathroom (2021), and more. Great potential to reclaim partially undeveloped basement for next owner's use. Sauna room has a rough-in for plumbing and can be recovered into additional bathroom. An air-tight woodstove and a fireplace with wood stove insert provide year round heat source. Propane forced-air heating is also available. A 47' x 24' workshop with an extra garage parking is a perfect place to run your small business or hobby shop. Second level above the workshop can be easily converted into additional space for a studio or playroom. Tons of storage space for everyone. Bell Fibre-optic is available. Book a private viewing today. (id:2493)

Resale Market’s Adjustment and Correction Continues

Fri, 04 Nov 2022 18:23:28 GMT

Members of the Ottawa Real Estate Board sold 987 residential properties in October through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,670 in October 2021, a decrease of 41%. October’s sales included 758 in the residential-property class, down 40% from a year ago, and 229 in the condominium-property category, a decrease of 44% from October 2021. The five-year average for total unit sales in October is 1,554.

“After the volatility of the past two pandemic years, which was unsustainable, the market is correcting and adjusting,” says Penny Torontow, Ottawa Real Estate Board President. “The slowdown is compounded by Bank of Canada interest rate increases, which further exacerbates buyer hesitancy and weakens people’s purchasing power—especially first-time homebuyers.”

“Demand is still high, and with increasing inventory available, Buyers have more choices and time to shop for their new home. However, the ongoing speculation about where prices and interest rates are headed shakes consumer confidence and has made some prospective Buyers take a wait-and-see approach.”

“Sellers may be understandably concerned about market fluctuations, which have been more drastic lately,” she adds. “As with any major investment, a longer-term perspective is important. The significant year-over-year gains of the last two years were not sustainable. If you have owned your property for any length of time, your equity has increased significantly and will buffer price corrections. If you buy and sell in the same market, it is all relative.”

By the Numbers – Inventory & New Listings:

Months of Inventory for the residential-class properties has increased to 3.3 months from 1 month in 2021.
Months of Inventory for condominium-class properties has increased to 3 months from 1.2 months in 2021.
October’s new listings (2,047) were 4% higher than 2021 (1,960) and down 14% from September 2022 (2,371). The 5-year average for new listings in October is 1,971.

“Buyers and Sellers need to carefully analyze their own unique circumstances. No one can predict with absolute certainty what will happen next year, but in the highly employed and stable Ottawa market, real estate has been and continues to be a good investment over time,” says Torontow. “They don’t have a crystal ball, but mortgage brokers and REALTORS® have the education, expertise—and most importantly, the data—to help people make an informed decision for their specific situation.”

By the Numbers – Average Prices*:

The average sale price for a condominium-class property in October was $445,691, an increase of 9% from 2021.
The average sale price for a residential-class property was $677,873, decreasing 5% from a year ago.
With year-to-date average sale prices at $780,390 for residential units and $456,470 for condominiums, these values represent an 8% increase over 2021 for residential-class properties and a 9% increase for condominium-class properties.

REALTORS® also help with finding rentals and vetting potential tenants. Since the beginning of the year, OREB Members have assisted clients with renting 5,186 properties compared to 4,012 last year at this time.

* OREB cautions that the average sale price can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The calculation of the average sale price is based on the total dollar volume of all properties sold. Price will vary from neighbourhood to neighbourhood.

New property listed in Pembroke

Thu, 03 Nov 2022 09:01:39 GMT

I have listed a new property at 154 Walters Road in Pembroke. See details here

Are you looking for a slower lifestyle but not too far from amenities? Twin Waterfalls Team presents this beautiful country home in the Laurentian Valley. A well maintained bungalow is only minutes to Pembroke. The property offers 1.06 acre of land and it also features 4 bedrooms, 1 full bath with partial finished basement, and an insulated attached garage. Recent updates include new paint, vinyl plank flooring, baseboard and trims (2022), triple-pane windows (2018), roof (2018), bathroom (2021), and more. The partial unfinished basement offers future development for the new owner. Sauna room has a rough-in for plumbing and can be recovered into additional bathroom. An air-tight woodstove and a fireplace with wood stove insert provide year round heat source. Propane forced-air heating is also available. This fabulous 47' x 24' workshop which includes an extra garage parking is a perfect place to run your small business or your hobby shop hangout. Second level above the workshop can be easily converted into additional space for a studio or playroom. Tons of storage space for everyone. Bell Fibre-optic is now available. Book a private viewing today.

New property listed in Kars

Mon, 17 Oct 2022 09:01:36 GMT

I have listed a new property at 1388 Commodore Lane in Kars. See details here

Wow, amazing waterfront property with 3.87 acres of prime land in Kars. The parcel of land features of 685 feet plus of shoreline, manicured landscape and wooded land. It has an all-year round road access to the property. Easy commute to Manotick and Ottawa. The property offers a RV trailer, lanai, pontoon boat, boat canopy, lawn furniture, 36-foot Fendock, drilled well with an expansion tank, hydro entrance 200 AMP (20 amp & 30 amp outlet by the shoreline), holding tank and more. The current use of land is recreational. Great swimming in the summer and relax in the evening in front of the fire pit by the river. This is a perfect place to build memories for the next family. YOU WILL FALL IN LOVE WITH IT INSTANTLY. Contact us for a private viewing.

Resale Market Continues to Slow as Buyers Remain Watchful

Wed, 05 Oct 2022 21:24:17 GMT

Members of the Ottawa Real Estate Board sold 1,080 residential properties in September through the Board’s Multiple Listing Service® System, compared with 1,601 in September 2021, a decrease of 33%. September’s sales included 816 in the residential-property class, down 34% from a year ago, and 264 in the condominium-property category, a decrease of 27% from September 2021. The five-year average for total unit sales in September is 1,586.

“September’s lower sales performance reflects continued hesitancy among Buyers as they watch interest rates rise and consider the speculation surrounding price trends. With rising interest rates, the mortgage stress test has sidelined some potential Buyers, while others are likely scrutinizing their budgets for affordability amidst inflation and cost of living increases,” says Ottawa Real Estate Board President Penny Torontow.

“On the other hand, we have seen an uptick in the number of new listings entering the market, which were not only higher than last month but also last year, and the five-year average. This trend continues to bring the resale market into more balance, which generally means more time for Buyers and Sellers to weigh their options and to adjust according to their needs,” she adds.

By the Numbers – Inventory & New Listings:

Months of Inventory for the residential-class properties has increased to 3.1 months from 1.2 months in 2021.
Months of Inventory for condominium-class properties has increased to 2.7 months from 1.6 months in 2021.
September’s new listings (2,371) were 5% higher than 2021 (2,252) and 13% higher than August 2022 (2,091).

“Prices are stabilizing with slight month-to-month movement, whereas, year over year we are seeing the slow and steady increases that the Ottawa resale market is known for. As every neighbourhood is different, Buyers will want to consult a local REALTOR® who can tap into proprietary data on price trends and expert insights to help them navigate market shifts,” Torontow advises.

By the Numbers – Average Prices*:

The average sale price for a condominium-class property in September was $450,987, an increase of 6% from 2021.
The average sale price for a residential-class property was $706,658, increasing 0.5% from a year ago.
With year-to-date average sale prices at $788,535 for residential and $457,189 for condominiums, these values represent a 9% increase over 2021 for both property classes.

REALTORS® also help with finding rentals and vetting potential tenants. Since the beginning of the year, OREB Members have assisted clients with renting 4,678 properties compared to 3,598 last year at this time.

New property listed in Ottawa

Tue, 09 Aug 2022 09:01:30 GMT

I have listed a new property at 205 PIAZZA CIRCLE in Ottawa.

See details here

Available immediately - Beautiful detached family home on a quiet street in Strandherd/Barrhaven. Safe neighbourhood and low traffic is perfect for any family. The home comes partial furnished and there are rooms for tenants to add their own pieces. Spacious living space on the main floor, 9 foot ceiling throughout. Bright family room with a fireplace opens up to a large kitchen and eat-in area. Kitchen is equipped with stainless steel applicances. On the second floor, the primary bedroom features a 4-pc ensuite bath and a walk-in closet. There are also 3 large bedrooms and a full bath for the family. An interlock fenced-in backyard is great place for BBQ, entertaining and safe for children playing. Inside entrance from the double garage parking and tons of storage space in the lower level. Minutes to Market Place, great schools and public transit, it is an ideal location for family. Book a private viewing today. (id:2493)

Residential Resale Slowdown Begins A Shift Towards Balance

Sun, 07 Aug 2022 14:06:43 GMT

Members of the Ottawa Real Estate Board sold 1,110 residential properties in July through the Board’s Multiple Listing Service® System, compared with 1,718 in July 2021, a decrease of 35 per cent. July’s sales included 840 in the residential-property class, down 36 per cent from a year ago, and 270 in the condominium-property category, a decrease of 34 per cent from July 2021. The five-year average for total unit sales in July is 1,691.

“We are witnessing a profound slowdown in Ottawa’s resale market. July’s numbers reveal that Buyers are indeed putting on the brakes more heavily than what is typically expected during the mid-summer sales dip. Aggressive interest rate increases are surely impacting the decision to buy at the moment as well as other factors that I mentioned last month,” states OREB President Penny Torontow. “But there is a silver lining: with more properties continually being added to inventory, we are on the cusp of returning to a balanced market, and that is good news,” she adds.

“July saw 2,338 new listings added to the housing stock, which is on par with the 5-yr average and 5% lower than last year at this time. Our inventory for residential-class properties is currently around 2.9 months and 2.5 months for condominiums. A market is considered balanced with at least four months of supply, so we are well on our way to that paradigm.”

The average sale price for a condominium class property in July was $425,694, an increase of 1 per cent from 2021, while the average sale price for a residential-class property was $716,354, increasing 5 per cent from a year ago. With year-to-date average sale prices at $805,238 for residential and $461,557 for condominiums, these values represent an 11 per cent and 9 percent increase over 2021, respectively.*

“The double-digit average price increases that we saw in the past couple of years right up until the early spring have now morphed into single-digit increases, which aligns more with our traditional stable year-over-year price growth. However, it is important to point out that average prices tally the entire spectrum of home sales across the city and region. If you look from neighbourhood to neighbourhood, there are so many differing characteristics and attributes, price increases will certainly fluctuate depending on where you live,” suggests Torontow.

“If you are selling your home, now is the time to be patient as days on market return to more normal timeframes. There are still many Buyers out there, but with more choice, they have less pressure and may take their time. Even though interest rates are still quite reasonable from a historical perspective, consumers are adjusting to this new reality. The rising cost of all goods means people need time to evaluate and adapt their mindsets.”

“I also believe it is time for the federal government to adapt and reassess the stress test. It was originally designed when rates were very low to ensure Buyers could manage rate hikes. With interest rates where they are now, they have to qualify at a 7-8% rate which no longer makes sense and takes many Buyers out of the market.”

“Whether you are a Buyer or a Seller, a professional licensed REALTOR® will help you navigate this shifting resale market. They have access to minute-by-minute sales data and local neighbourhood expertise that will assist you in making the best decisions for your circumstances.” REALTORS® also help with finding rentals and vetting potential tenants. Since the beginning of the year, OREB Members have assisted clients with renting 3,528 properties compared to 2,706 last year at this time.

New property listed in Ottawa

Sun, 07 Aug 2022 09:01:20 GMT

I have listed a new property at 100 HILLSIDE DRIVE UNIT#43 in Ottawa.

See details here

OH Sat & Sun, Aug 6-7, 2-4 pm. Welcome to one of the finest hidden gems that Ottawa has to offer. Rarely offered, this 4-bdrs townhome offers 1937sf of living space and a large private fenced-in courtyard. The unit with southern exposure provides abundant natural lighting in the solarium, kitchen, living-dining area. The primary bdrm on the top level features a 19ft vaulted ceiling, 3-pc ensuite bath and walk-in-closet. 2nd floor offers three bdrms (w/a murphy bed), full bath & a small balcony which makes a perfect place for afternoon tea. This unit has door-to-door underground parking & comes with 2 storage units. Window, patio doors and solarium updated last 5 years. Well managed condominium & healthy reserve fund. Full access to a complete equipped recreation centre. Walking distance to amenities such as Farm Boy, grocery store, Shoppers Drug Mart, medical center, Montfort Hospital, & more. This home is ready for the next family to put their personal stamp on it. (id:2493)

Residential Resale Market's Shifting Benchmark Reality

Thu, 07 Jul 2022 22:34:06 GMT

Members of the Ottawa Real Estate Board sold 1,508 residential properties in June through the Board’s Multiple Listing Service® System, compared with 2,122 in June 2021, a decrease of 29 per cent. June’s sales included 1,138 in the residential-property class, down 31 per cent from a year ago, and 370 in the condominium-property category, a decrease of 23 per cent from June 2021. The five-year average for total unit sales in June is 1,966.

“After the frenzy of the past two years, we are witnessing Ottawa’s resale market normalize in 2022 and shift towards the more traditional seasonal ebb and flow cycle. While June transactions do typically taper as many look towards their summer holidays, last month’s sales were at a slower pace than we have seen in well over a decade,” states Ottawa Real Estate Board President Penny Torontow.

“We can likely attribute the decrease in unit sales to economic factors such as rising interest rates and cost of living/ inflation. Other dynamics could include Buyer fatigue combined with a wait-and-see approach towards home prices, lack of confidence amongst consumers, and perhaps the uncertainty surrounding back-to-work arrangements as a long commute with rocketing gas prices will certainly affect decisions about where to live,” she adds.

The average sale price for a condominium class property in June was $438,977, an increase of 1 per cent from 2021, while the average sale price for a residential-class property was $772,861, increasing 6 per cent from a year ago. With year-to-date average sale prices at $815,797 for residential and $465,573 for condominiums, these values represent an 11 per cent and 10 percent increase over 2021, respectively.*

“It’s no secret that price increases have become more modest in the last two months–there’s a new benchmark reality in Ottawa. While our average price statistics provide an overall picture, as the market settles, there will be adjustment differences in various pockets of the city. For example, what happens in Westboro will not likely mirror Findlay Creek,” advises Torontow.

“But even as prices fluctuate, historically, real estate in Ottawa has always been and will continue to be stable and dependable in the long term. We aren’t likely to ever experience the significant dips that other regions may see. Prices won’t fall out; they are prone to level off to the reasonable rates of increase that we have historically experienced.”

“With an influx of 3,213 new listings in June, we are moving (albeit gradually)towards the goal of a more balanced market. Residential inventory has increased by 38% over last year at this time and is sitting at an approximate 1.9 months’ supply currently. Condominium housing stock has risen 14% to a 1.6 months’ supply for that property class. Once government-pledged supply measures are enacted, we are optimistic that goal is within reach.”

“Buyers, if you have been waiting on the sidelines, this may be an optimal time to venture back into your home search. There is more selection, fewer bidding wars, and less pressure to make a warp-speed decision. As for Sellers, your neighbourhood has its own characteristics and attributes that should weigh into the calculation of your property’s value. Contact a professional REALTOR® who has their hand on the pulse of Ottawa’s shifting real estate market today!”

REALTORS® also help with finding rentals and vetting potential tenants. Since the beginning of the year, OREB Members assisted clients with renting 2,919 properties compared to 2,252 last year at this time.

New property listed in Metcalfe

Fri, 01 Jul 2022 09:01:47 GMT

I have listed a new property at 1615 LONEY CRESCENT in Metcalfe.

See details here

Rarely available in the Country Hill Estates near Metcalfe, this custom built bungalow has over 2100 sf on a 3 acres lot. This home offers open 9 ceiling, high-end finishings, open floor plan in the living-kitchen area, formal dining room and access from garage to the mud room. Featured highlights are marble and engineered hrdwd floor, ceiling to floor windows, linear electric FP, and so much more. This dream chef-kitchen comes with an X-wide island, natural stone countertop, S-by-S Fridge/freezer, 5-burner gas stove, pot filler, and more. After a bustling day, pamper yourself in this free-standing bathtub in the ensuite bath. The backyard has a 1320 sf of patio for outdoor entertainment. Need more space for your toys? No problem - plans for a detached garage/workshop have been approved by the City. There is plenty of space to add an inground pool and professional landscaping. What a great opportunity to make it complete with your personal stamp as your dream home today!! (id:2493)

New property listed in Kars

Sat, 11 Jun 2022 09:02:02 GMT

I have listed a new property at 1388 COMMODORE LANE in Kars.

See details here

Wow, amazing waterfront property with 3.78 acres of prime land in Kars. The parcel of land features of 900 feet plus of shoreline, manicured landscape and wooded land. It has an all-year round road access to the property. Easy commute to Manotick and Ottawa. The property offers a RV trailer, lanai, pontoon boat, boat canopy, lawn furniture, 36-foot Fendock, drilled well with an expansion tank, hydro entrance 200 AMP (20 amp & 30 amp outlet by the shoreline), holding tank and more. The current use of land is recreational. Great swimming in the summer and relax in the evening in front of the fire pit by the river. This is a perfect place to build memories for the next family. YOU WILL FALL IN LOVE WITH IT INSTANTLY. (id:2493)

MAGICAL FOOD DRIVE

Thu, 09 Jun 2022 13:49:30 GMT

Magical Food Drive

Let's kick off the summer with a splash! Help us to replenish the Ottawa Food Bank.

Event: FREE MAGIC SHOW for all ages.

Where: Qualicum Community Centre

Location: 48 Nanaimo Drive, Ottawa

When: Saturday June 25, 10:15 -11:00 am

Food Drive Event runs from 10 am - 2pm on Saturday June 25.

Please bring 2 non-perishable food items.

To register Magic Show Event:

https://docs.google.com/.../1KrZtmsY1uuVufmQkENejmAX.../edit

For cash donation to Ottawa Food Bank:

https://donate.ottawafoodbank.ca/.../p/MagicalFoodDrive

Can't attend! No problems. We can make arrangement for pick up.

Spread the word!! Looking forward to see you there.