Agent Blogs

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Jan 10
2012
2011 a typical year for home sales in Ottawa
Blog posted by Kim Doel  :  Views (40)  :  (0 comments)
The Ottawa Real Estate Board reported on Thursday that sales increased year over year by 13.1% which helped lift the year's total sales to 1.7% above the previous year. This made 2011 the second strongest year in history after 2009. The average sale price at $332,527 also increased over last... [ more ]
Dec 9
2011
Record Sales in November
Blog posted by Kim Doel  :  Views (71)  :  (0 comments)
Members of the Ottawa Real Estate Board sold 1,020 residential properties in November through the Board’s Multiple Listing Service® system compared with 940 in November 2010, an increase of 8.5 per cent. The five-year average for November sales is 881. The facts: # of Sales - ... [ more ]
Nov 7
2011
We’re entering new territory! (Maybe)
Blog posted by Carlos Fernando  :  Views (350)  :  (0 comments)
As Realtors, we are constantly analyzing and studying the housing market and where the trends are taking us. If you talk to most people who have been selling trying to sell their home lately you might hear that it took a little longer to sell than they thought it would, or maybe that they had to... [ more ]
Nov 7
2011
Condo sales drive resale market in October
Blog posted by Kim Doel  :  Views (70)  :  (0 comments)
Members of the Ottawa Real Estate Board sold 1,062 residential properties in October through the Board’s Multiple Listing Service® system compared with 1,038 in October 2010, an increase of 2.3 per cent. The five-year average for October sales is 1,071. Of those sales, 253 were in... [ more ]
Oct 11
2011
Smooth Sailing for Home Sales in September
Blog posted by Kim Doel  :  Views (82)  :  (0 comments)
Members of the Ottawa Real Estate Board sold 1,202 residential properties in September 2011, compared with 1,071 in September 2010, an increase of 12.2 per cent. The five-year average for September sales is 1,160. Of those sales, 280 were in the condominium property class, while 922 were... [ more ]
Oct 4
2011
What's That Smell?
Blog posted by Laurel Harris  :  Views (211)  :  (0 comments)
I am often asked by my Clients, “Why do I need an inspection on this home, it’s new!? What could you possibly find to make the cost of a home inspection worthwhile?” In many cases, the benefit is simply peace of mind, or reducing the risk on such a purchase. There are many... [ more ]
Sep 9
2011
What to know when Porting Your Mortgage
Blog posted by Mike Maiorino  :  Views (125)  :  (0 comments)
Porting is a great way to save money when you purchase a new property, porting gives you the ability to move your mortgage as it is (amortization and Term remain the same) and we add whatever you need for the new mortgage and blend your rate, this way you pay NO PENALTY to get from your current... [ more ]
Sep 9
2011
Above-Average August!
Blog posted by Kim Doel  :  Views (121)  :  (0 comments)
Members of the Ottawa Real Estate Board sold 1,329 residential properties in August through the Board’s Multiple Listing Service® system compared with 1,099 in August 2010, an increase of 20.9 per cent. The five-year average for August sales is 1,225. “Through the summer, the... [ more ]
Aug 10
2011
July sales heat up!
Blog posted by Kim Doel  :  Views (144)  :  (1 comments)
Members of the Ottawa Real Estate Board sold 1,326 residential properties in July, compared with 1,116 in July 2010, an increase of 18.8 per cent! This represents a great increase over 2010, but is still in line with the five-year average. “What a difference a year makes. Last summer the... [ more ]
Jul 21
2011
Rental Properties
Blog posted by Mike Maiorino  :  Views (180)  :  (0 comments)
Did you know that if you are considering buying an investment property that you can add up to 80% of the rent to your gross income? It’s still surprising the number of people who contact me about purchasing their first rental and they have done their own debt servicing calculation and... [ more ]
Jul 6
2011
Investing in New Construction
Blog posted by Carlos Fernando  :  Views (227)  :  (0 comments)
The first type of investment that I wanted to discuss is pre-construction. Essentially this involves purchasing a house or condo well before it is scheduled to be built. To many of these investors the longer until you actually take possession the better.   In order to purchase a... [ more ]
Jun 10
2011
May market remains balanced
Blog posted by Kim Doel  :  Views (183)  :  (0 comments)
Members of the Ottawa Real Estate Board sold 1,659 residential properties in May through the Board's MLS system compared with 1,686 in May 2010, a minor decrease of 1.6 per cent. According to the Canada Mortgage and Housing Corporation (CMHC) in their Spring 2011 Ottawa Housing Market... [ more ]
Jun 2
2011
Is it time to start thinking of investing?
Blog posted by Carlos Fernando  :  Views (206)  :  (0 comments)
  HSBC released their sixth Future of Retirement study which states that working two or three extra years may be “inevitable” for those who failed to save for retirement. Distressing news no doubt but it should come as no surprise that our retirement will come to rest more and... [ more ]
May 26
2011
The Importance of speaking to a mortgage professional
Blog posted by Mike Maiorino  :  Views (558)  :  (0 comments)
 In today’s industry there are many differing financial experts you can talk to about many different issues, however if you are in the market for a mortgage I can’t stress enough the importance of speaking with a mortgage professional, be it a mortgage rep with your bank or a... [ more ]
May 18
2011
Stop trying to get ahead of the market!
Blog posted by Carlos Fernando  :  Views (374)  :  (0 comments)
  Yesterday we had a client who expressed some concern about whether they should buy their first home now or wait after speaking with their financial advisor. This advisor expressed concern that interest rates may be going up in the next while. While I won't comment on the flawed logic... [ more ]
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