How Will Real Estate Markets React To The Liberals' Election Victory?

  The Liberal Party’s successful election campaign included a promise to stimulate the economy by increasing infrastructure spending with deficit budgets. How will these changes effect the country’s real estate market? Until details are released, the exact consequences are difficult to determine, but some possibilities have emerged.   Foreign Investment   We don’t know what will follow the Liberals’ change in fiscal direction (deficit spending versus balanced budgets), but, if the promised infrastructure spending materializes, it could boost annual growth ...

Winter Lawn Care: 4 Steps to Protect Your Turf

Home owners may be surprised to discover that fall is the most important season for lawn maintenance.  But, as we learn in this houselogic.com post by Lisa Kaplan Gordon, it is much more important than spring.   Aeration allows water, oxygen, and nutrients to reach roots, and gives seeds room to sprout.  Turf roots grow best in fall and winter when the soil temperature is cooler, so fall seeding ensures optimal growth.  Fertilize in late fall with phosphorous or nitrogen rich ...

Seven Monthly Bills Most People Have, and Seven Ways to Reduce Each Bill

  In this article for The Simple Dollar, Trent Hamm targets energy, water, car, mortgage/rent, internet, insurance and cell phone/telephone payments and gives specifics on how to lower each monthly bill.  Insurance costs drop if you increase your deductible. Reduce phone costs by using Skype, lowering usage and ditching the landline.  Save on energy bills with programmable thermostats, timers and energy-efficient lighting.   To read more click here.This article was first published on https://www.teamrealty.ca/. ...

6 Misperceptions About Home Staging

  In this insightful Realtor Magazine post, interior decorator and professional stager Patti Stern explodes six myths about home staging.   The Cost of Staging For example, some sellers consider staging too expensive.  In reality, it actually saves you money because 95 percent of staged homes sell in 11 days or less and sell for 17 percent more than homes that are not staged.  Thus, staging costs are lower than the carrying charges (mortgage, utilities) you will pay if the house ...

Home Improvements – Do It Yourself Or Hire A Professional?

Completing a DIY project can be tremendously fulfilling and financially rewarding. But, bite off more than you can chew, and you might be looking at some major expenses to fix the damage or, even worse, a catastrophic incident. Before grabbing your toolbox, accomplish a quick risk-reward analysis. Then, determine if you have the skills and tools for the project. Finally, decide if you have the available time and are inclined to invest it in the task. These guidelines will help ...

Holiday Entertaining Made Easy

Is the whole family coming to your home for the holidays? Or perhaps you’d like to share some festive cheer with your neighbors? Whatever the reason, ’tis the season, so now’s the time to start planning. Stock Your Pantry — Get ready for hosting with a well-stocked pantry and freezer. Must-haves include quick, no-cook appetizers; basic baking ingredients; spices and marinades; and frozen puff pastry, pie and cookie dough. Set the Mood — Keep decorative accessories handy during this season of entertaining. A ...

4 reasons to buy a home before the end of the year

Does cooler weather mean that you should cool down your house hunt?  Absolutely not!  Sellers who have homes listed during the colder months are usually motivated to sell and list prices are typically lower in December…but wait…there’s more! Traditionally, housing markets cool down at year end, but this Business Insider post suggests taking advantage of four factors that could work in your favour.   First, borrowing rates are exceedingly low and that means you save a bundle. In addition, the ...

How Will Legalized Pot Affect Canadian Real Estate Markets

No matter what you think about the ethics or morality of legalizing marijuana, Justin Trudeau’s Liberal government has promised to do just that during their first term.  The fact is, we started down that path when medical marijuana was legalized. So, how will this impact real estate markets in Canada?         The Colorado Housing Market Exploded We see clues to the impact of mainstreaming the recreational marijuana business in Colorado, the first state to replace prohibition with ...

Market Update | Ottawa Real Estate Stats October 2015

  Here are the latest statistics from the Ottawa Real Estate board.  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  please contact us anytime, we would  love to help.   Information below has been provided by the Ottawa Real Estate Board “October Home Buyers weren’t spooked by election results.” Members of the ...

Home Buyers: To Inspect, or Not To Inspect

To Inspect, or Not To Inspect You’ve just purchased your dream home and your salesperson is recommending an home  inspection before signing the final conditions. Is it worth $400-500? Now is the time to ignore your emotional attachment to the property, and make this a business decision. The answer is, “Absolutely!” The inspection is a critical step that ensures the structure, environment and operating systems of your dream home are safe and sound.  We are sometimes seduced by facade or ...

Income Properties: What You need to Know about Buying an Investment Property

“Don’t wait to buy land, buy land and wait” – Will Rogers     Income Properties: Are you Ready?  Owning a rental property may seem like a licence to print money.  Interest rates are low, the Ottawa Real Estate Market is stable …what could be easier?  Buy a property, lease it, collect cheques and plan your retirement.  Butbefore purchasing an income property, you should be aware of the benefits and drawbacks.   Advantages of Income Properties: You pay less tax. ...

Best September on record for number of Ottawa Real Estate resales!

What a great month for Ottawa Real Estate! See below a snap shot of what’s happening in the Ottawa Real Estate Market from the Ottawa Real Estate Board  published October 5th, 2015 Interested in a specific neighbourhood?  We have access to all of the latest real estate statistics at our fingertips! Please contact us and we will send you a no-cost report on the areas you want to know about.    From OREB news: Members of the Ottawa Real Estate Board sold 1,244 ...

Home Buyers: Working with a REALTOR®

Real estate has undoubtedly become one of the biggest industries in the world.  Buying and selling of real estate property are obviously major financial undertakings for anyone and these transactions need to be executed in a professional way. With this in mind, working with a REALTOR® is crucial in selling or buying deal of real estate property. In Ottawa, REALTORS® have their own professional association known as the Ottawa Real Estate Board. From this association, our fully trained REALTORS® have insider access to MLS ...

How Google Sunroof is Changing Homeowners' Costs

How Google Sunroof Works Employing the high-resolution aerial mapping used by Google Earth, Project Sunroof calculates the amount of sunlight reaching your roof to assess its potential for solar power.  It takes a variety of factors into account including local weather conditions, shade from nearby trees and buildings and sun positions throughout the year.  The tool combines this information with data from your household’s monthly electricity bill, factors in panel orientation and tilt to the roof surface to calculate average ...

The Inside Scoop on the Best Season to Sell Your Home

Think you need to wait until Spring to sell your home? You may want to think again if you’re ready to sell now.   In this HGTV.com post, Gavin Chen challenges conventional wisdom that the best time to sell is spring and the best time to buy is fall.  Statistically, spring has the most competing sellers in the market, so you might have to stage your home to get an advantage. Chen suggests it is important to highlight the sellable ...

Your Annual Home Maintenance Schedule

Following an annual maintenance schedule is an essential step in protecting the value of what will probably be the largest investment of your life – your home.  First time home owners, or those lacking experience may struggle with this task and overlook important elements.  Here are some guidelines to help you create a maintenance program that suits your needs. Benefits of Home Maintenance Regular preventive maintenance identifies minor repairs before they become expensive, major repairs.  It also preserves your home’s ...

Strong summer performance for Ottawa's resale market

Check out the latest Ottawa Real Estate Statistics from the Ottawa Real Estate Board The summer real estate market has been strong in the Ottawa area, as we head into fall we’ll keep you updated on the latest Ottawa Real Estate market news!  Are you interested in a specific neighbourhood?  Please contact us! We have the latest Ottawa neighbourhood statistics available. _____________________________________________________ Members of the Ottawa Real Estate Board sold 1,279 residential properties in August through the Board’s Multiple Listing ...

CMHC announces new rules to make it easier for homeowners to rent out property

In this Financial Post article, Garry Marr discusses the impact of upcoming changes from Canada Mortgage and Housing Corp (CMHC) that will permit homeowners to count 100% of the income from their secondary units when qualifying for a loan.  Currently, homeowners with legal units can only count 50% of the income from legal rentals.  By making it easier to borrow money, Marr suggests CMHC will be bringing more people into the market, and that is expected to boost affordable housing, ...

Should you let children choose their bedroom paint colours?

Should you let children choose their bedroom paint colours? In this Canadian Living post, Brett Walther suggests a way to let your child participate when deciding what colour(s) to paint their room while also avoiding a choice that is unacceptable to you, or one that they will want to change next week.  The key is to guide their choice by presenting a few options that appeal to them while also meeting your own criteria.  To read more click here.  This article ...

Machu Picchu Challenge for Shelter

Machu Picchu Challenge for Shelter August 2015  in Machu Picchu, Peru In support of the Royal LePage Shelter Foundation people from Royal LePage offices across Canada have started the trek to Machu Picchu to help restore hope for women and children escaping violence. “For eight days, 70 enthusiastic supporters are trekking at high altitude, camping in tents, and forgoing running water, electricity and cellphone service to raise funds and awareness for the Royal LePage Shelter Foundation.  Each participant was required to raise $5,000 ...

Ottawa Real Estate Market Update: Summer report!

The latest statistics from the Ottawa Real Estate Board have been released.  The information below includes market highlights from July 2015 stats and include all of  Ottawa and the surrounding area. Are you curious about a specific neighbourhood or property?  Please Contact Us – we’d love to hear from you! Typical summer resale market in Ottawa (information from the Ottawa Real Estate Board ) Members of the Ottawa Real Estate Board sold 1,436 residential properties in July through the Board’s Multiple ...

Royal LePage Team Realty in the Ottawa community: Helping provide seniors at St Patrick's Home with gardening supplies for Horticultural Therapy

Royal LePage Team Realty in the community:  We were so happy to be able to help fund this great project at St Patrick’s Home in Ottawa with for their new Horticultural Therapy program.      // We’re so honoured to be a part of this success story! Congrats to St. Patrick’s Home of Ottawa Foundation – on launching… Posted by Royal LePage Team Realty on Monday, 27 July 2015     Background Story – What is Horticultural Therapy? Horticultural Therapy is a ...

Royal LePage Receives the Consumer's Choice Award…18 years & Counting

Royal LePage is once again the proud recipient of the Consumer’s Choice Gold Award as Top Real Estate Brand in Ottawa for 2014.  A big THANK YOU for supporting Royal LePage Team Realty in the Ottawa Real Estate Community, we couldn’t have made this list for the last 18 years without your support. This article was first published on https://www.teamrealty.ca/. ...

Busy Spring Real Estate Market in Ottawa Continues in June 2015

Curious about what’s going on in the Ottawa Real Estate Market?   Below are some highlights of our June market.  Curious about a certain area?  Please contact us and/or one of our Sales Representatives  for details, we have up to date statistics on all Ottawa neighbourhoods.     Ottawa Real Estate Market Update:  The busy spring real estate market in Ottawa continues in June 2015 – from the Ottawa Real Estate Board  Members of the Ottawa Real Estate Board sold 1,694 ...

Congratulations to Jody Lavoie: Elected Chair of the Real Estate Council of Ontario (RECO)

We would like to send out our congratulations to Jody Lavoie of Royal LePage Team Realty, Barrhaven/Nepean office, who was just elected as the Chair of the Real Estate Council of Ontario (RECO). At Royal LePage Team Realty we value organized real estate and we are very proud of our members who have a long history of representing our industry through various institutions. Our thanks goes out to Glenda Brindle of Royal LePage Team Realty, Stittsville office, for her past 2 terms in ...

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