Archives for Ottawa real estate

FAQ – Multiple Offers Simplified

March 29, 2019 | Comments Off

A few years ago, multiple offers were a somewhat rare situation in the Ottawa real estate market, but have become common recently in certain neighbourhoods and for certain types of homes. Multiple offers can seem overwhelming but in reality, there is nothing to worry about! Whether you are looking to buy a home that has garnered a lot of interest or are looking to sell your home in this hot market, our Royal LePage Team Realty Realtors® are here to guide you through this process. Our training and experience will ensure that your interests will be protected. Read on to
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Buying without a Realtor

December 20, 2017 | Comments Off

Buying a house is a big investment, so it is natural to look for ways to save money wherever possible. Some buyers and sellers may assume that they can stretch their budget further if they handle the entire purchase themselves. Doing this may seem like a good way save you money, but can also lead to problems and higher costs in the long run. As a buyer, hiring a Realtor typically does not cost you a cent; your Real estate agent will be paid from the commission on the sale of the home. Hiring a professional who is on your
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What Canadian home buyers need to know NOW about the upcoming changes to Mortgage rules

November 24, 2017 | Comments Off

What home buyers need to know before 2018 As of January 1, 2018, Canadian homebuyers will have to meet stiffer requirements in order to qualify for a mortgage with a federally regulated mortgage lender. Why are the Mortgage Rules changing? As Canada’s financial “watchdog” OSFI believes these new rules will decrease the risks for Canadian households with significant debt if and when the interest rates rise. Are you a Confused by the upcoming changes to the mortgage rules? Don’t panic. Our very own Kent Browne, Owner and Broker at Royal LePage Team Realty, sat down with Mortgage Broker York Polk
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The Role of a Realtor – Buyers

August 15, 2017 | Comments Off

Buying a home is one of the largest, and most expensive, decisions you will ever make. You want to make sure that you have covered all your bases in order to avoid any costly mistakes. One of the best ways to avoid any potential pitfalls on the road to home ownership is to talk to someone who knows that road well, and no one knows it better than a realtor. Hiring a realtor means that you have an expert at the entire house buying process there to help you through each step, and means less stress and trouble for
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Canada Celebrates 150 Years!

February 13, 2017 | Comments Off

The milestone has arrived – our country’s 150th year. What better time than now to stand proud and represent our Nation as a united community? We are very fortunate to be living in Ottawa – our Capital. We’ve certainly come a long way since our founders first settled here 190 years ago. Originating as Bytown, Ottawa was initially built to house labourers who had been recruited to help build the Rideau Canal. Times have changed between then and now. We are no longer considered the “town that fun forgot” nor are we solely known for being “the highway to Montreal“.
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Ottawa Real Estate Market Hightlights August 2016

September 7, 2016 | Comments Off

According to recently released statistics by the Ottawa Real Estate Board, August 2016 was a record breaker. 2016 continues to outpace 2015 in number of properties sold! While inventory has dropped compared to this time last year the total number of sales are up and so are average sale prices. With fewer homes for sale in the Ottawa real estate market for buyers to choose from, OREB’s president speculates a Seller’s market may be on the horizon, but only time will tell. While these statistics are helpful in establishing trends there are many factors to consider when buying or selling that
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Ottawa Real Estate News | June 2016 sets record for the highest number of sales ever

July 11, 2016 | Comments Off

WOW what a month in Ottawa Real Estate! Members of the Ottawa Real Estate Board sold 1,985 residential properties in June 2016 through the Multiple Listing Service® setting a record for the highest sales in any month ever in the history of the Ottawa Real Estate Board. While average price dropped slightly in both residential (slight decrease of 1.3% over June 2015) and condominiums (slight decrease of 2.4% over June 2015) the market in Ottawa remains sure and steady. While these statistics are useful in establishing market trends they should not be used as an indicator that specific properties have increased or
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Royal LePage Receives the Consumer's Choice Award…18 years & Counting

July 20, 2015 | Comments Off

Royal LePage is once again the proud recipient of the Consumer’s Choice Gold Award as Top Real Estate Brand in Ottawa for 2014. A big THANK YOU for supporting Royal LePage Team Realty in the Ottawa Real Estate Community, we couldn’t have made this list for the last 18 years without your support.
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Busy Spring Real Estate Market in Ottawa Continues in June 2015

July 6, 2015 | Comments Off

Curious about what’s going on in the Ottawa Real Estate Market? Below are some highlights of our June market. Curious about a certain area? Please contact us and/or one of our Sales Representatives for details, we have up to date statistics on all Ottawa neighbourhoods. Ottawa Real Estate Market Update: The busy spring real estate market in Ottawa continues in June 2015 – from the Ottawa Real Estate Board Members of the Ottawa Real Estate Board sold 1,694 residential properties in June through the Board’s Multiple Listing Service® system, compared with 1,657 in June 2014, an increase of
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Ellen Hughes