OTTAWA REAL ESTATE BLOG
Beyond the Sign: Choosing the best realtor
Beyond the Sign: Choosing the best realtor - "Whether you are buying or selling a home, working with the right REALTOR® can make a huge difference in the success of your real estate transaction. It takes a lot of skill to be able to market homes, negotiate terms, and ensure the entire process goes smoothly. It is […]
Beyond the Sign: Buying and selling waterfront properties
"The waterfront real estate market around Ottawa continues to be hot this summer. Area residents have always loved their summer cottages, but these days more people are also choosing a more permanent lake or river view. According to Jason Ralph, Broker of Record and President of Royal LePage Team Realty, waterfront properties are in high demand. “We’ve seen […]
Summer Curb Appeal
It’s Prime Curb Appeal Season! Ottawa is a city full of natural beauty. From the outskirts to the city centre, you’re guaranteed to find green spaces and gardens full of colour around almost every corner. Now that summer is in full swing, it’s time to start thinking about your own curb appeal. It doesn’t […]
First Time Homebuyer Resources
Your First Home is a Big Deal. Buying your first home is monumental. It's a huge financial investment and a major life milestone. Unfortunately, nowadays it’s more difficult than ever to make the purchase by yourself. Luckily, in a market as diverse and ever-evolving as ours, there are many resources available for first-time homebuyers. […]
Everything You Need to Know About Trees
Everything You Need to Know About Trees With the recent Ontario wide storm so many trees were toppled over and caused a lot of property damage. So we thought it would be a good time to talk about how to properly care for your new trees, if you’ve chosen to replant some of the […]
4 Great Ways to Invest in the Ottawa Market
4 Great Ways to Invest in the Ottawa Market Ottawa is a city with a variety of real estate in thriving, large neighbourhoods. In an appreciating market like Ottawa, real estate investments can provide significant financial benefits. There are a number of ways through which you can invest in real estate, each with its own […]
BIG vs. Smaller Real Estate Firms: Why We’re Ottawa’s #1
BIG vs. Small-Scale Real Estate Firms: Why Team Realty is Ottawa’s #1. Real estate transactions are some of the biggest and most significant financial decisions you will ever make. Whether you are buying, selling, or using real estate as an investment, ensuring you have the backing of a brokerage with tenured experience at hand […]
Buying Commercial Properties in this Economy
Buying Commercial Properties in this Economy Buying commercial real estate requires much thought and planning. After all; it could either be “home base” for your growing business, or simply a very large financial investment. As the market continues to diversify and expand, you may wonder how it could affect your ability to buy commercial […]
Giving Your Kids the Best Chance at Homeownership
Giving Your Kids the Best Chance at Homeownership With housing markets across the country skyrocketing in recent years, it’s becoming a challenge for up-and-comers and young families to plant their roots in homeownership. This is currently affecting younger Millennials the most, but Generation Z is beginning to experience the same roadblocks. The solution: many […]
Diversity is an Advantage in a Multicultural Ottawa
Ethnic Diversity Among Agents in a Multicultural Ottawa From coast to coast to coast, Canada is a beautiful country that residents and visitors alike enjoy exploring, many with hopes of putting down roots in their favourite corner of our home and native land. In a recent survey, Royal LePage found that newcomers represent a […]
5 Things You Need to Know About Buying in Ottawa
5 Things You Need to Know About Buying in Ottawa 5 Things You Need to Know About Buying in Ottawa: Ottawa is a beautiful city with much historical significance. The national capital region is home to a wide variety of diverse, thriving neighbourhoods that see growth each year. There are many schools and businesses […]
Everything you Need to Know About Buying Older Homes
Everything you Need to Know About Buying Older Homes Buying a 20th century home may fit your real estate needs, but there are many things to consider when exploring an older market. Buying an older home comes with numerous advantages. They are often less expensive compared to newer builds, with no construction required […]
I Have Just Inherited Property. What Should I Do?
I Have Just Inherited Property. What Should I Do? Do Your Homework Inheriting property can be an exciting time in your life. There can also be mixed emotions depending on the circumstances. The number of older Canadians is growing. This has caused the most significant number of inheritances Canada has ever seen. This trend is […]
Why Summer is a Good Time to Buy
Why Summer is a Good Time to Buy “Summertime” means that the grass is at its greenest, the trees are at their fullest and gardens at their most vibrant. Although spring may be touted as the best time to buy, that doesn’t mean it’s the only time you’ll be able to do so. Summer […]
Beyond the Sign: Royal LePage Team Realty celebrates 20 years of serving the community
Over the past 20 years, everything has grown for Royal LePage Team Realty. Their families, the business, and Ottawa itself all look much different than they did back in 2002. What hasn’t changed is the team’s commitment to serving the community and helping Ottawans buy, sell, and lease properties. According to Royal LePage Team Realty […]
Ottawa and Real Estate Market Snapshot January 2021
Market Reports Request Market Snapshot: Buyer demand fuelled the Ottawa resale market as we kicked off the year. The announcement of the stay-at-home order early in the month caused a shortage in inventory while the strong demand remained. If you're considering a move we're here to help answer any questions you have, in this market […]
Ottawa and Real Estate Market Snapshot December 2020
Market Reports Request Market Snapshot: Ottawa’s resale market continued to thrive through December despite the challenges of 2020. The inventory shortage for 2020 caused an increase in the sale price as the demand remained with record-low mortgage rates. If you're considering a move we're here to help answer any questions you have, in this market […]
Ottawa and Real Estate Market Snapshot November 2020
Market Reports Request Market Snapshot: Ottawa’s resale market didn’t show its typical slowdown in November. With no slowdown our resale year to date transactions are on track with 2019. There were 50% less residential listings than this time last year. A concurrent decrease in inventory is a reliable indicator of why the average sale price […]
Ottawa and Area Real Estate Market Snapshot October 2020
Market Reports Request Market Snapshot: Ottawa’s resale market was steady as she goes through October as we started to get some cooler weather. As demand persists so does the changing buyer behaviour and preferences due to the reality of the pandemic. We saw gains in the average sale price followed by a decrease from September […]
Ottawa and Area Real Estate Market Snapshot September 2020
Market Reports Request We have detailed statistics and market reports available in all areas in and around Ottawa. Ottawa and Area Real Estate Market Snapshot July 2020 Ottawa Real Estate Snapshot June 2020: June Statistics are a Welcome Sign of Things Getting Back on Track in our Marketplace
Ottawa and Area Real Estate Market Snapshot July 2020
Market Snapshot: The numbers are up again as this past months unit sales increased 19% from this time last year!
Ottawa’s resale market offers solid returns for many Sellers, while Buyers continue to feel the squeeze. Those most impacted are especially those attempting to enter the housing market. Multiple offers are a common occurrence with over 57% of properties selling over the listing price compared to 33% of transactions last July.
Ottawa Real Estate Snapshot March 2020
Market update: March 2020. While we are thankful to have been named an essential service, Realtors® and brokerages everywhere are working together to ensure that necessary protocols are in place to ensure public safety in this new reality. As trusted advisors, committed to flattening the curve, our industry is finding creative ways to use technology […]
Ottawa Real Estate Market Snapshot
Ottawa Real Estate Highlights December 2019 Record-Breaking 2019 Closes Out Decade Another record breaking year in both the number of sales & average prices! The average sale price of a residential property crept up over $500K during several months in 2019, with the annual average sale price settling at just below $490,000. As we head […]
What can we expect from the Fall Real Estate Market in Ottawa?
In Ottawa, we talk about the Spring market and the Fall market as being the two busiest seasons to buy and sell real estate in Ottawa. Our Spring market started early this year and instead of slowing down over the Summer it continued to be strong throughout the Summer months. Throughout the year we have […]
Ottawa Real Estate Market update: August 2019
Ottawa Real Estate Market update: August 2019 (September 5, 2019) If you’ve been following the Ottawa Real Estate market it probably won’t come as a surprise that both unit sales and prices were up last month, in spite of continuing issues with low supply. Heading into the fall months we don’t see any signs of […]
Real Estate Market Snapshot: Hot Market in a Scorching July
The Ottawa Real Estate Board recorded the highest number of July sales in 15 years! Real Estate Market Trends and Highlights July 2019 1,842 residential properties sold on MLS® in July 2019, compared with 1,605 in July 2018, an increase of 14.8 per cent. 1,382 in the residential-property class, up 12.3 per cent from a […]
Ottawa Real Estate: May 2019 Market highlights
Highlights: Total properties sold : 2,423 in May through the Board’s Multiple Listing Service® System, compared with 2,271 in May 2018, an increase of 6.7 per cent. May’s sales included 1,869 in the residential property class, an increase of 4.6 per cent from a year ago. 554 in the condominium property class, an increase of 14.2 […]
Ottawa Real Estate highlights & Market Snapshot April 2019
Ottawa Real Estate Highlights April 2019: There's been an upward pressure on prices due to the continuing lower supply levels (residential supply is down 18%, and condo inventory is down almost 40% from last April 2018 according to the latest OREB stats). However these price points are "still well under the Canadian average, and our […]
Ottawa Real Estate Update: January 2019 Record-Breaking Home Sales!
January 2019: Record-Breaking Home Sales! February 5, 2019 Highlights Members of the Ottawa Real Estate Board sold 820 residential properties, an increase of 15.8 % over January 2018. 611 in the residential property class, a rise of 14.2% over January 2018 209 in the condominium property class, an increase of 20.8% over January 2018 $432,829 was the […]