Houses are bought and sold all the time in the Ottawa area, but have you ever thought of what goes into a successful real estate transaction? The REALTORS® at Royal LePage Team Realty work diligently with the support of their leadership team to make sure that every transaction goes as smoothly as possible. “We have a management team that […]
Legal Recreational Cannabis and the Impact on the Ottawa Real Estate Market Recreational cannabis has been legal in Canada for just over one year. The Federal Cannabis Act has been rolled out in a very Canadian manner. Saskatchewan is considered to have been the most effective in the implementation of the new law. Ontario has been the slowest and is still lagging all the other provinces and territories. What has been the impact of the law on the real estate industry now and what will it be in the future? The Federal and Provincial regulations and the City bylaws are
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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 earlier this year and instead of slowing down over the Summer it continued to be strong throughout the Summer months. Throughout the year we have seen consistent growth in both listing prices and sale prices. In June, the Ottawa residential average sale price climbed over $500K for the first time ever! There is also great news for condominiums. Now that condo prices have bounced back, more condo sellers are deciding
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The decision to buy or sell a home is a big one; there is so much to think about and do! A home is likely the largest investment you will ever, or have ever, made in your life and it’s important to have someone you can trust to make the process as smooth as possible and offer expert advice. A Royal LePage Team Realty Realtor® offers full service support which ensures that you will have experience, knowledge, and expertise in your court every step of the way as you navigate your next move. Most importantly, a full service Realtor® will
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The decision to buy or sell a home is a big one; there is so much to think about and do! A home is likely the largest investment you will ever, or have ever, made in your life and it’s important to have someone you can trust to make the process as smooth as possible and offer expert advice. A Royal LePage Team Realty Realtor® offers full service support which ensures that you will have experience, knowledge, and expertise in your court every step of the way as you navigate your next move. Most importantly, a full service Realtor® will
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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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Buyers Toolkit – Springtime Spring is in the air, and the real-estate market is ramping up for the beginning of buyers’ season. Things tend to move faster in the spring and houses for sale are often sold shortly after they are listed. As a potential home buyer, it is important to be prepared as possible before you start looking at potential homes – that way, the chance of losing your “dream home” to another buyer is greatly decreased. You may be wondering … “What are some of the important things that can help you stay on-top of, and ahead of
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What a difference a day makes! An extra day in February saw 46 sales on that day (February 29th) as per the Ottawa Real Estate Board’s president. See the full Ottawa Real Estate market snapshot and press release from the Ottawa Real Estate Board below. With spring around the corner, we’re starting to see more homes come on the market, if you’re thinking of selling now is a great time to get your home listed with a real estate professional. While statistics are useful in establishing trends they should not be used as an indicator of an increase or
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At Royal LePage Team Realty helping YOU is what we do and we couldn’t do that without a dedicated network of real estate professionals. We would like to take this opportunity to congratulate our 2015 Award winners and thank them for their hard work and dedication. We are so proud to work with those who consistently go above and beyond to ensure their clients are provided with excellent real estate service. Looking forward to an awesome 2016! jQuery(document).ready(function($) { var mpImageSlider = $(“.motopress-image-slider-obj#56d91f4bba561”); if (mpImageSlider.data(“flexslider”)) { mpImageSlider.flexslider(“destroy”); } if (!true) mpImageSlider.css(“margin-bottom”, 0); mpImageSlider.flexslider({ slideshow: true, animation: “fade”, controlNav: true, slideshowSpeed: 3000, animationSpeed: 600,
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Mild weather and post-election enthusiasm spurs on home buyers! Statistics are useful in establishing trends but should not be used as an indicator of an increase or decrease in value of specific properties. If you are curious about the value of your home and/or specific neighbourhood statistics we would love to help. Contact us. Information below provided by the Ottawa Real Estate Board December 3rd, 2015 Members of the Ottawa Real Estate Board sold 990 residential properties in November through the Board’s Multiple Listing Service® System, compared with 891 in November 2014, an increase of
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