Archives for Uncategorized

Buying a Home: Step by Step

June 20, 2018 | Comments Off

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
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Ottawa Real Estate Market Snapshot: May 2018

June 6, 2018 | Comments Off

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
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Ottawa Real Estate Market Snapshot July 2017

August 4, 2017 | Comments Off

The latest reports from OREB on the Ottawa Real Estate market show that in many areas the market is showing no signs of a significant summer slowdown. The condo market continues to gain momentum as is the”lifestyle” market which includes homes over the $750,000 price range. Average prices are up in most neighbourhoods across the city, with central and central-west neighbourhoods seeing a bigger jump in average sale price as compared to Ottawa east. Savvy buyers are noticing that even though Ottawa is trending towards a seller’s market in many neighbourhoods it’s still a good time to
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Reflections on Canada 150

July 17, 2017 | Comments Off

Canada Day is usually a big event in Ottawa; it is the nation’s capital after all, but this year was an even bigger celebration owing to 2017 being the 150th anniversary of Canada’s founding. In order to celebrate this momentous event, Ottawa pulled out all the stops to throw a Canada Day celebration that people won’t soon forget. The public turned out in record numbers to celebrate Canada Day in Ottawa this year, and the celebrations were also awash in celebrities. Justin Trudeau was in attendance, as were Prince Charles and the Duchess of Cornwall, and Governor General David Johnston
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Beating the Winter Blues

February 7, 2017 | Comments Off

It’s winter time in our Nation’s Capital! The New Year is well underway, and as we’ve carefully selected our resolutions (and have spent the majority of these last few weeks trying to abide by them) we reminisce on the post-joys of Christmas and the excitement of a New Year. However, regardless the amount of joy in our hearts and happiness in our homes, the cold weather tends to overstay its welcome far too often. Admit it, we’ll soon catch ourselves wishing for less snow, warmer weather, and oodles upon oodles of sunshine. Wishful thinking, I’ll say. Truth is, we live
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What Home Owners Can Do With a Tax Refund

April 24, 2016 | Comments Off

If you are a homeowner, a tax refund presents opportunities to invest for a profit that aren’t available to renters. Whether you plan to sell, stay or are undecided, there are ways to optimize the financial impact of your refund. The first step is to treat your refund check the same as you treat your paycheck. Avoid the temptation to splurge and give that refund money a purpose. Here are three home owner-only options to grow that refund: But, Are You Withholding Too Much? Most of us enjoy getting a large tax refund every spring. But, a refund
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First Time Homebuyers Government Incentive Programs

February 25, 2016 | Comments Off

Thinking of buying your first home? If so, it may be time to get on with it, especially considering the possibility that interest rates will rise. Using government incentive programs that encourage first time homebuyers to enter the real estate market, you can realize additional savings. And, mortgage financing has been almost free for some time, but economic signals point to those costs rising. Mortgage rates may increase Several factors are threatening to push Canadian mortgage rates higher even as the Bank of Canada tries to hold its overnight lending rate down. Fixed mortgage rates are
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5 Steps to a Safer Bathroom

December 14, 2015 | Comments Off

If you are planning to remodel your bathroom this Consumer Reports article give sound advice on how to do it with safety in mind. Install pressure-balancing and anti-scald valves to provide a steady flow of water that remains at a safe temperature. Add a sturdy, properly secured grab bar that will support 250 pounds. Since mold and mildew thrive in a moist environment, ensure your vent fan exhausts to the outside and run it after every shower to dehumidify the room. Remove any items (hamper, scale) that might cause a tripping hazard and ensure mats have non-skid backing.
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Income Properties: What You need to Know about Buying an Investment Property

October 13, 2015 | Comments Off

“Don’t wait to buy land, buy land and wait” – Will Rogers Income Properties: Are you Ready? Owning a rental property may seem like a licence to print money. Interest rates are low, the Ottawa Real Estate Market is stable …what could be easier? Buy a property, lease it, collect cheques and plan your retirement. But…before purchasing an income property, you should be aware of the benefits and drawbacks. Advantages of Income Properties: You pay less tax. Because your secondary property is a business, you can deduct certain expenses from your income (mortgage interest, property taxes, insurance,
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Home Buyers: Working with a REALTOR®

September 28, 2015 | Comments Off

Real estate has undoubtedly become one of the biggest industries in the world. Buying and selling of real estate property are obviously major financial undertakings for anyone and these transactions need to be executed in a professional way. With this in mind, working with a REALTOR® is crucial in selling or buying deal of real estate property. In Ottawa, REALTORS® have their own professional association known as the Ottawa Real Estate Board. From this association, our fully trained REALTORS® have insider access to MLS statistics about real estate activity, sales of property, the median price and market conditions. Since the interpretation of these statistics is
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LORNE SCOTT