Archives for Buyers

Why Winter is a Great Time to Buy

Why Winter is a Great Time to Buy While spring and summer are more formally regarded as house-hunting season, the winter is a surprisingly smart time to make your big real-estate purchase. Most people do not want to stop roasting their chestnuts on an open fire long enough to bundle up and venture open house to open house, so taking advantage of this period with fewer competitors certainly makes these frosty months more of a buyers market! End of season shopping. Everyone knows the best time to get the most bang for your buck is end of season sales; expensive
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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
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The Benefits of Living the Condo Life

The Benefits of Living the Condo Life Let’s imagine for a moment that you finally make it home after a long day; you’re tired, you’ve had an early start, and you just want to come home, perhaps unwind a little, and not worry about any (added) maintenance or stress. Except, it’s summer time; your grass needs cutting, your yard needs work, and there are a few outdoor repairs that need some fine-tuning. Or, it’s winter – your laneway needs shoveling, and the ice that’s collected on your front steps needs some salting. Well, let’s not get too apprehensive just yet.
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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
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Buying a Home: What The Extras Cost

Contracts and rentals to consider in home ownership When it comes to buying a home, there are always additional fees to be considering when you make an offer. Typically, a first-time home buyer needs to be aware of the costs associated with buying a home – legal fees, mortgage rates, home insurance, closing costs, property taxes, land transfer fees…But what about those little extras not everyone considers? The contracts and rentals associated with the home such as furnaces, hot water tanks, and in some locations even your septic tanks – and what that could cost you. The main point is
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May Newsletter

Bidding wars intensify as Ottawa homebuyers hit perfect storm Fewer properties, more buyers, new sales tactics combine to create unprecedented sellers’ market. Houses in Ottawa’s hottest neighbourhoods are selling at record prices as buyers compete in a market plagued by a shortage of resale homes. That shortage, combined with growing demand and a shift among realtors toward a more aggressive sales strategy, is creating ideal conditions for bidding wars the likes of which the capital has never seen. Just last week, a townhouse near Strandherd Drive and Fallowfield Road in Barrhaven that was listed at $310,000 attracted 33 offers. The
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What Home Buyers Should be Looking for When Viewing a Property

You’ve done your research, found the perfect Realtor, crunched the numbers, created your list of must-haves and now it’s time to start the exciting process of HOUSE HUNTING! When you’re looking at homes for sale it isn’t always easy to look beyond the cosmetics.  Not to worry, we’ve created this handy graphic to help home buyers to stay focused.
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All About Homeowner’s Associations

When looking to buy a home, there are many options. Last week, we took a look at condos as compared to freehold properties but what about a freehold home with a homeowner’s association? In many cases, a homeowner’s association can appear very similar to a condo but this is not actually the case. It is very important to understand these differences before buying into a home with a homeowner’s association. Differences Between a Condo and Homeowner’s Association If you purchase a condo, you are purchasing your unit along with a share of the common element(s). These could include green spaces,
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All About Condos

When it comes time to buy a home, more and more people are making the decision to buy condos instead of a freehold home. Condos can be a great option if they match up with a buyer’s lifestyle, but it is important to do your research and know the differences between a freehold home and condo before you make the final decision of which to purchase. There are many different types of condos but they all have one thing in common: shared ownership of at least one common element. This element could be the building itself, in the case of
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April Newsletter

Ontario’s Top 10 Cities For Real Estate Investments Report Released Latest research forecasts which Ontario cities will outperform the rest of the province’s housing and rental markets, despite recent dramatic value increases. A new report released last month shows Ottawa, our nation’s capital, has the growth, diversity and strength required to lead the province in real estate market performance over the next five-year period. The report – REIN’s top 10 Ontario Cities – helps home-buyers, sellers, developers and investors decide whether now is a good time to buy, or sell, a property in their target city. Studying 36 economic and
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