Real Estate Blog

Having Your Home Listed Over the Holidays

If you are planning to sell your home in the next few months, it is wise to plan to maximize the sale of your home. As the temperatures are cooling and the days are getting shorter, we are starting to think of the coming fall and winter seasons.  We will also start to think of the many special holidays we will be celebrating in the next few months. The good news is that buyers who are looking over the holidays tend to be more serious.  We have put together some simple tips that will ease the pressure of having your home listed and ready to show over the holidays.  We will help you get through the chaos of the holiday season while making sure your home is ready to be found by its new owners.  Curb Appeal should be a top priority Before the snow arrives work with your REALTORⓇ to get the outside of your home photographed by a professional to ensure that the prospective buyers can clearly visualize the beautiful outside of your home. The same goes for the inside; stage it professionally a...

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Ottawa Real Estate September 2019

Ottawa Real Estate Update: September 2019

Ottawa Real Estate update September 2019 The fall real estate market in Ottawa is in full swing with strong numbers showing no signs of a slow-down in spite of the upcoming election. Condo prices have recovered (and are moving upward) in the Ottawa Real estate market and sellers are jumping back in to take advantage. Condo sales are up a whopping 26.4% over this time last year.  With days on the market continuing to drop in both the residential and condo market, it’s a time when buyers should be ready to act quickly and sellers can take advantage of historically low inventory. Thinking of jumping into the market? Message us anytime! The fall real estate market is in full swing with strong numbers showing no signs of a slow-down in spite of the upcoming election. Condo prices have recovered (and are moving upward) in the Ottawa Real estate market and sellers are jumping back in to take advantage. Condo sales are up a whopping 26.4% over this time last year.  With days on the market cont...

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Luxury Style on a Budget

Do you check out luxury listings on Carriage Trade and become envious of the homes that you see? Luxury homes are often the epitome of style but you can bring some of that style into your own home without breaking the bank. Using these creative ideas, any home can feel like a luxury dream home! Eliminate Clutter Luxury homes often feel spacious and airy. By eliminating the clutter in your home, you can achieve this as well. If you have a small space, avoid bulky furniture as this can make it feel crowded. Keep surfaces clear of stuff and find places to store everything neatly. This is a great opportunity to purge things that you may not use very often anymore.  Bring in Fresh Flowers A bouquet of flowers or greenery can add a pop of colour to any space. It brightens up the room and it doesn’t need to be expensive. If you have a green thumb, consider clipping from your backyard and if not, check for deals at your local florist or grocery store. Curtains and Drapery Consider adding elega...

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Ottawa's Most "Luxurious" Neighboourhoods

Ottawa’s neighbourhoods are diverse and most offer something for everyone. If you are looking for luxury, it’s all around us with little pockets throughout the city. Large lot sizes in rural areas and even within the city allow for beautiful large custom homes and these opportunities are popping up everywhere! Below you will find a list of some of Ottawa’s most “luxurious” neighbourhoods but it’s also important to remember that just like there are luxury homes all over, there are more moderately priced opportunities to own in these neighbourhoods as well. Each of these neighbourhoods offer unique opportunities and homes. It’s important to work with your agent to ensure that you find the right property, no matter what you are looking for! Rockcliffe Park Close to the center of the city, Rockcliffe Park is one of Ottawa’s most prestigious neighbourhoods. The area is zoned as a Heritage Conservation District which will ensure that its charm is maintained for years to come. The community i...

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Coolest Luxury Upgrades (and what they cost!)

Luxury homes offer just that – luxury – and many of them feature a variety of amenities to make life easier and add convenience. Here are the top 10 sought-after amenities for luxury homes compiled from interviews with Royal LePage agents across the country. Just in case you’re interested in upgrading your current home, estimated costs for each item is also included. Car Lifts and Indoor Car Washes Estimated Cost – Car Lift – $2,500 to $6,000 Indoor Car Wash – $30,000+ If you have a luxury home, it only makes sense to have space to park your luxury cars. If space is limited, car lifts add capacity and an indoor car wash will ensure that your vehicles always look clean and shiny.  Walk-in Refrigerators Estimated Cost – $7,000 to $20,000 Let’s face it, we could all use a little more fridge space. A large kitchen with plenty of storage is a must for any luxury home but a walk-in fridge adds something extra special to appeal to the luxury home buyer.  Sp...

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What is Carriage Trade?

You may have heard the name “Carriage Trade” tossed around but what does it mean? If you are looking to purchase or sell a luxury property, the Carriage Trade designation by Royal LePage will ensure that your property gets the right exposure to the right people or will aid in your search by seamlessly providing your with a curated list of the market’s most exclusive properties. This is an exclusive service offered by Royal LePage to market distinguished home in Canada to discerning buyers from around the world! Will Your Home Qualify for the Carriage Trade Program? Homes that are featured through the Carriage Trade program, must meet a specific set of criteria that our agents carefully assess. Depending on the market, these factors can vary as luxury in one city may come at a different price than another.  Here are some of the key factors to consider: Prestige of the Neighbourhood – Some neighbourhoods are more sought after than others for luxury properties and this ultimately d...

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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 our fast paced market slowing down. If you have any questions, we’re always here to chat! Market Highlights: Number of Sales:  Total properties sold 1,731  compared with 1,581 in August 2018, an increase of 9.5 per cent.  1,300 in the residential-property class, up 9.7 per cent over August 2018 431 in the condominium-property category, up 8.8 per cent from August 2018. “August’s ten percent increase in unit sales from 2018 is over twice the percentage increase experienced last year and three times higher than the previous August,” reports the Ottawa Real Estate Board President. “However, although the numbers are up, Ottawa continues to undergo issues with inventory as the lim...

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Find Sold Prices Online!

At Royal LePage Team Realty, we are thrilled to announce that we are the first major brokerage in Ottawa to offer a Virtual Office Website where users can now have access to more information than was ever possible before. With a simple click, anyone with an email address will now be able to access sold prices and other information on listings that have already sold. As a brokerage, we believe in transparency and we are excited to provide this tool to our clients to aid in their real estate journey. Take some time to do some research, but when you’re ready, give us a call; as a full service brokerage with over 550 professional sales representatives, we’ve got your covered every step of the way. We work diligently to protect your interests & equity beyond the sale. Why Wasn’t This Information Always Available? In late 2018, the resolution of a long legal battle involving the Toronto Real Estate board by the Supreme Court, changed the rules. For privacy reasons, previously this inform...

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Beyond the Sign: Price It Right

When a home is listed, it needs to be at the right price in order to ensure that you get what you deserve for your home. There are a lot of factors that go into pricing a home and your Royal LePage Team Realty agent will help guide you through the process to ensure a positive outcome. Ultimately, the listing price is your decision, but trust your agent; they know what they are doing! What’s in a Price? When it comes to listing a home, the price can be everything. Pricing a home too low may mean that the sellers may not get top dollar and pricing a home too high may deter buyers. It’s so important to have a home priced right, the moment it hits the market. What Goes Into Pricing a Home? Your Royal LePage Team Realty agent will use a variety of factors to help guide you to the perfect listing price for your home. These factors include: Recent sold data, houses that are currently on the market, and even those listings that were cancelled or expired in your neighbourhood. And remember, ju...

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Beyond the Sign: Knowledge

You wouldn’t get your car fixed by anyone other than a mechanic and you definitely wouldn’t let anyone other than a doctor perform a medical procedure on you but would you consider buying or selling a home without an expert in your corner? Buying or selling a home is likely one of the biggest transactions of your life so it’s important to ensure that you have someone there to ensure that you and your assets are protected. A Royal LePage Team Realty agent is an expert in their field and they will ensure that every part of your transaction goes smoothly from start to finish. Access to Information Your Realtor® has access to information that is not available to the general public. There are lots of important factors to consider when pricing a home or deciding on the amount for an offer and your Royal LePage Team Realty agent knows how to decipher all of them to ensure that you get top dollar or don’t over pay. These factors include market trends in your neighbourhood including sold prices...

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Beyond the Sign: Marketing

There is a lot more to selling home than putting a sign on the front lawn. A sign on the lawn is definitely a great marketing tool but the reach is limited. Did you know that your Royal LePage Team Realty Realtor® is able to leverage a variety of marketing strategies and tools to ensure that your home is put in front of as many potential buyers as possible to ensure that the right buyer is found in the least amount of time? This month we will be looking at the behind the scenes of real estate so let’s start by looking at the variety of marketing tools your Realtor will use to sell your home! Professional Photography Before your home hits the market, your Realtor® will arrange for professional photography of the property. This is done at the Realtor’s® expense and at no extra cost to you. More and more buyers are doing a large portion of their home search online and you want to make sure that you are putting your best foot forward. Professional photographs can make a huge difference on ...

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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 year ago 460 in the condominium-property category, a rise of 23 per cent from July 2018. The five-year average for July unit sales is 1,579. July’s average sale price for a condominium-class property was $299,665, an increase of 6.8 per cent from last year The average sale price of a residential-class property was $487,308, an increase of 10.4 per cent from a year ago.* The $350,000 to $499,999 price range was the most prevalent price point in the residential market, accounting for 42 per cent of July’s transactions while 28 per cent of residential sales were in the $500,000 to $749,999 range. The most active price point in the condominium market, $225,000-$349,999, acco...

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