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Ottawa, ON Real Estate News

By Roch St-Georges, Real Estate Agent | Agent Immobilier
(EXIT Realty Matrix LTD., Ottawa, ON)
There are many types of multifamily homes available in the City of Ottawa to choose from. Multifamily homes include apartment buildings, townhouses, condominiums and share housing. Mutlifamily homes are both affordable and a fun alternative to single family homes. Multi family units can also serve as investment because of its potential income. These types of building can also be reasonably easy to maintain and run. In Ottawa you can find great duplex, triplex multifamily properties. Stay up to date with the latest listings by joining my VIP buyers program and receive instant alerts when a home meeting your criteria hits the market. Find a duplex in Ottawa for under $275,000 or a triplex in Ottawa for under $380,000. Investors can also find a fourplex in Ottawa for under $390,000. Multif...
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By Roch St-Georges, Real Estate Agent | Agent Immobilier
(EXIT Realty Matrix LTD., Ottawa, ON)
The demand is high now is a great time to sell your home in Ottawa. Members of the Ottawa Real Estate Board sold 1,577 residential properties in July through the Board’s Multiple Listing Service® system compared with 1,414 in July 2008. This is an increase of 11.5 per cent. Before selling your home make sure to read the following tips to prepare your home for buyers ready to buy in Ottawa. 1. Seperate yourself from your home. Tell yourself that you are selling a house not your home. The goal is to remove any emotional attachement that you may still have with your home. It will help you "let go" of your emotions and focus on selling the property. Most importantly don't look back! 2. Remove personal stuff Pick-up and remove any personal items from your home such as family photographs and ...
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By Roch St-Georges, Real Estate Agent | Agent Immobilier
(EXIT Realty Matrix LTD., Ottawa, ON)
Whether you are buying or selling a home in Ottawa it's important to know what to look for when choosing a real estate agent. The process of selling and buying a home can be very difficult add to the fact that a mistake can cost you a lot of money! There are many real estate agents around as a matter of fact there is more than 2,400 agents competing against each other to sell homes in Ottawa as I am writing this. Things you need to look for are: Is the real estate agent familiar with the neighbourhood you are in or looking to buy you home in? Does the real estate agent know the value of homes in that specific neighbourhood? Does he know the Ottawa Real Estate Market and its trends? How much visibility does the real estate agent have? This is very important when you are selling a home ma...
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By Roch St-Georges, Real Estate Agent | Agent Immobilier
(EXIT Realty Matrix LTD., Ottawa, ON)
Looking for your own place near downtown Ottawa? The neighborhood of Overbrook might be what you are looking for! Homes in Overbrook are attractive not only because of their location in the City of Ottawa but also because of their prices. Located east of the Rideau River, south of St-Laurent Boulevard, north of Donald Street and west of the Queensway Overbrook is just a short drive to downtown Ottawa. The neighborhood's main street is Queen Mary. Located in close proximity to Overbrook is the St-Laurent Shopping Center, food stores and coffee shops. The neighborhood is also located near the bicycle path and lots green space. Before looking for homes to rent in take note of the current market value of homes in Overbrook. You can get a 2 bedroom / 1 bathroom row unit home in Overbrook for...
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By Jean Richer, Straight Talk on Real Estate
(Keller Williams Realty Inc.)
Just a quick note to let you know that the new townhouses in Rockland have started. The Builder ( C.H. Clement Construction ) had the land leveled last week and not they have started digging the road and the first block of the townhouses. Check out my web site in a few days for pictures and day to day updates on the progress of the townhouses. We also have the semi detached homes coming along very well. Visit ... http://townhouse.JeanRicher.com  Stay tune for updates shortly. Jean RicherSalespersonKeller Williams - Ottawa Realty Ltd(o) 613-590-3000(c) 613-614-3025(w) www.JeanRicher.com
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By Darryl Bandoro
(The Mortgage Group - TMG)
It's Environment Week again in the City of Ottawa. This year's theme is "Living Green". To encourage people to think green, the city is running a number of interesting programs: Plant a tree! Green your own corner of the city by registering for a free tree to plant on your property. One tree per household is available on a first-come, first-served basis, while quantities last. To register for your tree, send an e-mail to TREE@ottawa.ca or call 3-1-1. Household Hazardous Waste - The City of Ottawa is hosting a one-day household hazardous waste collection depot from 9 a.m. to 4 p.m. on Sunday, June 7 at the Waste Services Inc. (WSI) facility, 3354 Navan Road, south of Innes Road. This depot provides a convenient way for you to help keep the environment free of hazardous household waste. O...
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By Darryl Bandoro
(The Mortgage Group - TMG)
Putting in a deposit for a home that has not yet been built can certainly cause headaches. New constructions often seem to end up taking much longer than anticipated. In a recent edition of the Ottawa Citizen, Les Vandor answered a question posed by a couple who's condo finish date was pushed back by over a year. They had paid their deposit on the home in September 2007 with the expectation that it would be built by July 2008. However, the ready date was postponed to August 2009 and then again to December 2009. Clearly frustrated, the couple was wondering if they could ask for their deposit back or sell the condo before it was completed. The options available to the couple, according to Mr. Vandor, really depend on the original terms of the agreement signed by the couple when purchasing...
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By Darryl Bandoro
(The Mortgage Group - TMG)
As we mentioned earlier this week, the resale housing market in Ottawa is staying strong. The Ottawa Citizen gave us more evidence of this with an article that talked about how homes are selling for as much as 15% over provincial assessments. MPAC - the Municipal Property Assessment Corporation, an independent agency that evaluates all Ontario homes for property tax purposes, recently produce estimates for what they believed homes were worth as of January 2008. It turns out, however, that the property valuations may have been a bit on the low side, at least in Ottawa. Lower priced homes were on average selling for 4% more than assessed value, while mid priced homes ($400,000 to $500,000) had a 10% gap. Luxury homes (those $600,000 and up) were on average selling for 15% above appraised ...
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By Kristy Morrison
(Capital Home Staging & Design)
Well, This coming weekend (May 1,2,3) is Capital Home Staging & Design's FIRST tradeshow event! Sooo many things are running though my head do i have all my pamplets & post cards, will my decor be as planed or will i have a pre show emergency? Even though there are many factors that are scary.....not being apart of the event is even more scary! I am extremely excited to meet local people and other local businesses. I am apart of about 3 business networking goups and this seems to be like a ginormous group for all to see! I have only been to the ottawa home and garden show never the ottawa women's show. I'm sure the event will be similar but with the main main attendies being women. So. i've got my booth location, my plan that i've drawn out about a billion times, my inventory waiting ni...
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By Darryl Bandoro
(The Mortgage Group - TMG)
For those of you who love learning about all things green, you should find plenty of opportunity to discover the latest and greatest this weekend! There are two major green events this weekend, both of which will be filled with activities and exhibitors. This Saturday the 5th annual Ottawa Eco-Stewardship Fair is being held at the RA Centre on Riverside Dr. This celebration of Green Living ideas, products and services will feature: Free give-aways and door prize; Cooking Demonstrations & Tastings; a Children's Eco-Carnival; Speakers giving presentation on everything from vermicomposting to solar water heating; Local volunteer organizations; Dozens of Green Businesses. Admission and Parking are FREE and doors are open from 10 am to 5 pm. Make sure to come by The Mortgage Group booth and...
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By Darryl Bandoro
(The Mortgage Group - TMG)
You know that Spring is on its way when you start seeing advertisements for all the home-related shows, festivals and events that start popping up. One of the upcoming events is the Ottawa Home & Garden Show, which will be held at Lansdowne Park at the end of the month (March 26-29). There are a number of exciting special events to take in at the show this year. Bonneville Homes will be presenting their 'Eco-Conscious Dream Home', which is made of longer lasting recycled natural materials and incorporates various eco-friendly solutions. Other features to watch out for include presentations by a variety of experts: from home stagers, to eco design consultants to interior decorators. Mag Ruffman, "Canada's Tool Girl", will be there to show off the top new gadgets that improve your indoor...
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By Darryl Bandoro
(The Mortgage Group - TMG)
We at GreenMortageSolutions.ca are all about helping everyday homeowners and buyers find the right mortgage to meet their needs, and also guide them to programs and services that will make their homes energy efficient and environmentally friendly. Of course, we're not the only ones trying to make it easier for you and your neighbours to 'go green'! CBC's George Stromboulopoulos has been promoting the website/social movement "One Million Acts of Green" for some time now. This site has been encouraging Canadians to sign up to taking everyday acts to help the environment, including everything from air drying laundry, to carpooling, to sealing drafty windows. The campaign has been so successful that in just 105 days, Canadians from across the country have pledged to make OVER one million ac...
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By Mary-Anne Gillespie
(Keller Williams Ottawa)
Multiple Offers.  A question I have always wondered is............when representing the Buyer is it the strategy of the agent or highest price that gets the house for the buyer?  I say strategy 80%. Perception though seems to be that it is the highest price.  Here's my story.  There were 3 offers on the table.  The home was a higher end listing.  Although it appeared to be in great shape it was over 10 years old so there could have been concerns.  We were working with Buyer A.  Buyer B and C were different agents with different companies.  Client A did not want to go full price and wanted to include a condition upon inspection.   Because the theory of being the highest price is what is known to us; many thought we had no chance at the offer.  Here's how we got the home.  First; my clien...
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By Darryl Bandoro
(The Mortgage Group - TMG)
While Canada's federal budget may not have been as 'green' as Obama's stimulous package, there are a few goodies for homeowners, along with some additional funding for the government's green reno program. A total of $7.8 billion dollars in the 2009 budget is directed towards housing tax credits and programs. The Home Renovation Tax Credit has been getting a lot of press lately. This program is aimed to help about 4.6 million families by giving a 15% rebate (in the form of a tax credit) for any type of renovation made to a home. The maximum credit amount is $1,350, making it a great time to do some renos. First-time home buyers get a number of bonuses in this budget. The RRSP First-time Home Buyers’ Plan withdrawal limit was increased to $25,000 from $20,000. This allows first-time home...
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By Darryl Bandoro
(The Mortgage Group - TMG)
As we've been reporting, interest rates have been dropping like a rock lately. Many financial institutions have lowered their 5-year fixed rate to 4.49% or better! Similarly, rates have been dropping for other terms as well. But one of the BEST deals we have found to date comes from The Mortgage Group (TMG)! For a limited time, TMG is offering a fantastic 3-year fixed rate of 3.75%. However, this rate can only be held for 45 days, so if you're shopping for a mortgage, now is the time to act! Give us a call at 1-866-904-8383 or visit www.GreenMortgageSolutions.ca
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By Darryl Bandoro
(The Mortgage Group - TMG)
The Globe and Mail is reporting today that Canadian Finance Minister Jim Flaherty is considering giving tax credits to homeowners who make home renovations. While there has been a lot of talk lately about large infrastructure spending in the upcoming federal budget, this home reno idea would focus on smaller but more wide spread spending. The idea is to provide personal tax credits for homeowners who make certain (yet to be determined) upgrades to their home. Not only would this help homeowners directly, but it could provide a significant boost to the construction industry. There are a number of benefits to this type of economic stimulous strategy. Not only does it encourage long lasting home improvements, but renos increase the home's market value. Plus, if the renos are energy effici...
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By Darryl Bandoro
(The Mortgage Group - TMG)
For all of you interested in checking out the latest and greatest in home renovations and green living, there are a number of great events coming to Ottawa in the next few months... Starting on Jan 23rd, the 8th annual Home Renovation Show will be taking place at Lansdowne Park. This three day event (Friday to Sunday) will feature interior designers, professional renovators, local building experts and hundreds of companies exhibiting their products and services. It should be a great time to dream up or finalize your reno ideas. Tickets are selling for $10, but you can get them at a discount online. Later on in March, Lansdowne Park will host another event: the Ottawa Go Green Expo. This two day even is billed as one where "people can shop green, learn green, eat green and live green." I...
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By Raquel H. Ireta, Knowlege and Experience on Your Side
(FIRST CHOICE ONTARIO REALTY Ltd. Brokerage)
Colegas en la industria inmobiliaria en Canada, me gustaria formar un "network inmobiliario en Canada" para poder brindar los mejores servicios a nuestra gente Hispana en Canada. Si estas interesado en ser parte de este equipo, contactate conmigo o visita mi pagina www.viphouses.ca El referal fee, puede ser la estandar. Ustedes pueden contar conmigo en la venta de casas, negocios o inversion en la ciudad de Ottawa y sus alreadedores. Saludos y buen ano! Su amiga y colega RAQUEL IRETA
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By Raquel H. Ireta, Knowlege and Experience on Your Side
(FIRST CHOICE ONTARIO REALTY Ltd. Brokerage)
Asistiendo a la Comunidad Hispana en Ottawa en la compra o venta de su propiedad. Servicios completos en su idioma. Respondere a sus preguntas en todo lo realocionado a la industria y con mucho gusto le asistiremos a comprar su casita. visite my pagina www.Raquelireta.com Asesoria gratuita!  
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By Darryl Bandoro
(The Mortgage Group - TMG)
Home energy efficiency improvements provide benefits to both homeowners (through lower heating costs) and the environment (using less energy reduces our carbon footprint). However, individual homeowners rarely know how efficient their house is and are unsure about what renovations need to be made. Luckily, the Ontario government is taking steps to help us improve our energy efficiency. New Ontario building code regulations come into effect in 2009. All new homes will have to be built with greater insulation on foundation walls. Improvements in the building code mean that new homes built in 2009 will be 28% more efficient than homes built just a decade ago. Local MPP Jim Watson had this to say about the changes, "Our new insulation requirement will ensure Ontario remains a leader in ene...
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