The December 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: Warm temperatures have boosted buyer interest in the Ottawa resale market. There was a 16.5% increase in properties sold in January 2024 over January of 2023. Keep an eye on market trends as the weather continues to influence conditions. If you’re considering a move, we’re here to help answer any questions you have, in this market you’ll want a qualified, professional real estate ...

The December 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: The resale market had a steady close in Ottawa as we saw the number of properties sold decline. This is a typical close for December. As we see consumer confidence return we are looking for a strong year ahead. If you’re considering a move, we’re here to help answer any questions you have, in this market you’ll want a qualified, professional real estate ...

The November 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: We’re starting to see an increase in inventory, bringing more choice back to the market. While inventory increases, the cold weather that has blown in has slowed the pace of sales which is expected for this time of year. If you’re considering a move, we’re here to help answer any questions you have, in this market you’ll want a qualified, professional real estate company ...

The negotiation stage is a pivotal point in any real estate transaction, as it plays a significant role in determining the outcome of the deal. No matter if you’re buying or selling a property — understanding the nuances of real estate negotiation is crucial for securing the best terms, prices, and conditions. In this comprehensive guide, we’ll explore real estate negotiation, what it involves and the valuable insights it offers to help you navigate the ...

Like the changing seasons, the real estate landscape experiences shifts and transitions, each holding a unique influence on buying and selling patterns. Seasonality is more than just a climatic phenomenon — it’s a critical factor that both buyers and sellers will need to consider in order to navigate the real estate journey with strategy and purpose. In this blog, we’ll unravel the mysteries of seasonality and delve deep into its impact on the real estate ...

The October 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: Sales and prices on resale properties in Ottawa may have slowed down however, this is a typical trend for October. “While Ottawa’s inventory is slowly building, chronic supply issues mean there’s always an undercurrent of demand. Don’t let the lull fool you: now is a prime time for buyers to be looking for opportunities before the current carries us from a balanced market into ...

The Seasons and the Ottawa Real Estate Market Like the changing seasons, the real estate landscape experiences shifts and transitions, each holding a unique influence on buying and selling patterns. Seasonality is more than just a climatic phenomenon — it’s a critical factor that both buyers and sellers will need to consider in order to navigate the real estate journey with strategy and purpose. In this blog, we’ll unravel the mysteries of seasonality and delve ...

The September 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: The Ottawa real estate market has now reached a balance, meaning buyer demand is equal to the supply from sellers. It has been some time since Ottawa last saw a balanced market, making it even more crucial for buyers and sellers alike to consult with an experienced professional. If you’re considering a move, we’re here to help answer any questions you have, in this ...

The August 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: There was a slight increase in the number of properties sold in Ottawa’s resale market for August over the same time last year. Demand continues in Canada’s capital as we see an increase in immigration and a new cohort entering the housing market. If you’re considering a move, we’re here to help answer any questions you have, in this market you’ll want a ...

Great Renovations & Updates for Your New Home Congratulations on moving into your new home! Now for the best part — adding your own personal touch. With a dash of creativity and some careful planning, you can transform your space into a haven that perfectly reflects your distinct sense of style.  In this blog, we’ll dive into some fantastic renovation and update ideas for your new home. From small-scale aesthetic updates to full-scale transformations, there’s ...

The July 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: The Bank of Canada made two recent hikes to interest rates however, consumers remained confident as we saw the number of sales rise 15% over July of last year. Inventory has continued to climb as did the average sale price in comparison to July of 2022. If you’re considering a move, we’re here to help answer any questions you have, in this market ...

Retirement Home Buyer’s Checklist Congratulations on retirement! It’s truly a momentous occasion when you’re able to hang up your hat and look back at your professional career as an accomplishment. You’ve earned the years of leisure to come, and you deserve a home that will grant you the utmost comfort and fulfillment in this new chapter of your life. In this blog, we will go over essential considerations and create a comprehensive checklist for homebuyers ...

Make Your Home Blossom: Decor Tips Springtime is renowned for new beginnings and fresh starts. As the winter months come to an end and the days get longer, many homeowners start thinking about new ways to freshen up their living spaces. Spring is the season of renewal, and what better way to embrace it than by breathing some life back into your property after a harsh, cold winter.  Start With Your Front Yard First impressions ...

n The June 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: We saw an increase in the number of sold properties over those of June 2022 even though the number of listings were down from the previous year. A strong indication that those who are out shopping are serious about making a purchase. With summer in full swing (holidays, festivals, high temps and humidity) a decline in activity is common for this time ...

Should you build, or should you buy? As a buyer, deciding between building a new home and buying an existing one is a choice that requires consideration. Both options have their own set of advantages and disadvantages which can greatly impact your lifestyle, budget and long-term goals moving forward. In this blog, we’ll delve into the key factors to help you make an informed decision that aligns with your needs and preferences. Why build? There ...

The May 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: Temperatures were on the rise last week and we saw the resale housing market mimic the rise in May as the number of properties sold were up 6% over those of May 2022. With inventory at a low and sale prices up from this time last year the seller’s market continues to stay strong. If you’re considering a move, we’re here to help ...

n The April 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: It MAY not feel like spring with the current cool temperatures but the real estate stats for April are a sure sign that spring is in the air! Three signs we’re in a seller’s market: inventory is down to less than two months stock, the average sale price has increased over the past four months and we are seeing multiple offers again ...

Selling Your Home in a Competitive Market Selling a home can be a challenging process in any market, let alone a competitive one. With so many properties up for sale, it is essential to take strategic steps to ensure that your home appeals to as many potential buyers as possible. In this blog, we will discuss several tips for selling your home in a competitive market. Enhance your curb appeal. In a competitive market, you ...

n The March 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: The number of property sales may be down 40% from those in March of 2022 however, they’ve increased by 40% over last month (February 2023) showing signs that the spring market is sprouting in Ottawa. If you’re preparing to list your property for sale pricing it right is crucial in this market. If you’re considering a move, we’re here to help answer ...

The February 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: The average days on market for a listing has decreased as the market continues to stabilize. A decrease in average sale price from February of 2022 which was the peak of the pandemic market however we did see a month over month increase of 5% over January of 2023. If you’re considering a move, we’re here to help answer any questions you have, ...

The Role of Technology in Real Estate As technology continues to advance at an unprecedented pace, it has become increasingly important for those in real estate to keep up with the latest innovations that affect the industry. However, familiarizing yourself with the ever-changing landscape of real estate technology can often be a challenge, even for the most tech-savvy of individuals.  By working with a trusted brokerage like Royal LePage Team Realty, you’ll be able to ...

Preparing Your Home for a Spring Sale As a homeowner and future seller, it’s important to be aware that the real estate market will fluctuate with the changing seasons. The springtime is typically regarded as the most ideal time for buyers to begin their search due to a variety of factors, such as weather conditions, the school year cycle and the number of homes available. If you’re planning on listing this spring, you’ll need to ...

rlp stats jan snapshot The January 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: New year, new market as we see a slowdown in the number of sales for January and a decrease in the average sale price over January of 2022. We did however see an increase of 3% in the average sale price of a residential home from January over December. If you’re considering a move, we’re here to help answer ...

How does location influence desirability and value? Location, location, location. You’ve heard it a thousand times when it comes to real estate, and you likely understand what it means. But which aspects of your location are of most influence when it comes to determining the desirability of your property and ultimately affecting its value? In this blog, we’ll take a closer look at which factors play the largest roles in raising or lowering your home ...