Homeowners Can Earn Extra Income Using Airbnb

Congratulations, you’re a homeowner!  With all of the joys of home-ownership also comes the task of paying off your mortgage, paying property taxes and keeping up with regular maintenance as required.  While you’ve purchased a home within your means, paying off a mortgage can be daunting; however, there are ways in which you can make your payments a little more manageable. If you’ve decided to purchase a home, you’ve put down a certain percentage as a down payment, and you’ve ...

Checklist for Home Buyers

When buying a home, there are always a series of questions that run through a home buyer’s mind. At Royal LePage Team Realty, we encourage you to ask them, we try to think of everything for you including a checklist to keep track of the important details about homes we show you! Of course your Real Estate agent will be there every step of the way to help you find the right home, but falling in love with a property is not the only factor ...

Buying Your Retirement Home

For several years now, Canada’s population of 65-and-overs has been increasing at rapid rates. In fact, in 2015, according to Statistics Canada, there were more Canadians over the age of 65 than there were those under the age of 15 – a pace that has only been growing since 2011. Coincidently, as the Canadian population grows older, the number of Canadian retirees will rise.  So, are you someone who is approaching the first stages of retirement? More importantly, are you ...

Finding the Best Neighbourhood for Your Family

Buying a home is arguably one of the biggest decisions we will ever make. The process can often seem a little daunting at first, especially for those who are first-time home buyers: where to buy, what neighbourhood, what to buy, when to buy – all relevant ponderings that can (and will) be answered in time, rest assured. Similarly, when it comes time to choosing a home that is best suited for your family, there are also a lot of factors ...

Ottawa Real Estate Market Hightlights August 2016

According to recently released statistics by the Ottawa Real Estate Board, August 2016 was a record breaker. 2016 continues to outpace 2015 in number of properties sold! While inventory has dropped compared to this time last year the total number of sales are up and so are average sale prices.  With fewer homes for sale in the Ottawa real estate market for buyers to choose ...

Considering Your Lifestyle When House Hunting

Buying a home is one of the biggest financial decisions you will ever make. As a result, making a smart and focused decision requires an analysis of your unique needs, allowing you to find a home that suits not only those needs but also your lifestyle. In addition to the physical attributes of a home, such as the number of bedrooms and total square footage, you should consider your lifestyle when choosing a home. Evaluate these factors on your next ...

Voice Control & Connected Devices Fuel Home Automation

Connected devices hooked up to the Internet are advancing home automation in a way that helps you make your new home a clean, energy efficient and welcoming place. The key to controlling the devices can be a smartphone, tablet or computer.  As you bring devices under your control and make your home a Smart Home, get them to interact with one another, you can also help them work together to improve your living environment even more. Voice automation, which involves ...

4 Helpful Tips for Purchasing Home Insurance for a New Homeowner

  Owning a home for the first time is incredibly exciting. After all, you have a space that is completely yours to decorate, spend time in and simply enjoy. However, with the rewards of homeownership also come the responsibilities, and people who are buying their first houses will discover that they suddenly have a whole slew of necessary to-dos. One of the most important things for a new homeowner? Buying a home insurance policy for the new house, which will ...

Market Snapshot July 2016 Ottawa Real Estate

  According to recently released statistics by the Ottawa Real Estate Board, Summer 2016 in real estate is still hot, continuing to outpace 2015.  While inventory has dropped by 15% compared to this time last year the total number of sales are up and so are average sale prices, providing us with a Real Estate Market Snapshot July 2016. While these statistics are helpful in establishing trends there are many factors to consider when buying or selling that ...

Housing Trends We are Seeing in the Canadian Real Estate Market

The Canadian housing market is already in the news, thanks to the recent collaboration of Vancouver residents to form the #DontHave1Million campaign that went viral. This Twitter campaign was in response to the recent reports that the average home in Vancouver will set you back $1.27 million, which is more than double the average price of a home throughout the rest of the Canadian market. And, at the rate things are going, this trend shows no sign of slowing down. ...

The Lowdown on Open House Etiquette for Home Buyers

Open houses in Ottawa are an excellent opportunity for you to check out potential future homes. You do not need to have a real estate agent, nor is making an appointment necessary. You don’t even have to be an official home buyer. Instead, open houses can be a stress-free way for you to ease into buying a home. They may help you prioritize what you want, for example. That said, if you are new to open houses, you ...

Buying Near Parks and Recreational Facilities

According to RealtorMag, twenty-three percent of recent buyers indicated that convenience to parks or recreational facilities influenced their choice of neighborhoods.  Proximity to parks and recreational facilities was the most important to recent buyers aged 34 and younger, and to those aged 35 to 49.  Here are some reasons to believe those numbers will rise. Public Health Concerns The alarming increase in obesity, especially among children, has focused attention on how important physical activity is to our overall wellbeing.  Governments ...

Ottawa Real Estate News | June 2016 sets record for the highest number of sales ever

WOW what a month in Ottawa Real Estate! Members of the Ottawa Real Estate Board sold 1,985 residential properties in June 2016 through the Multiple Listing Service® setting a record for the highest sales in any month ever in the history of the Ottawa Real Estate Board. While average price dropped slightly in both residential (slight decrease of 1.3% over June 2015) and condominiums (slight decrease of 2.4% over June 2015)  the market in Ottawa remains sure and steady.  While these statistics ...

What Is a Smart Home?

If you can turn the lights in your home on and off from your cell phone, you have the beginnings of a smart home. Smart home technology is now available that allows you to remotely control a variety of electrical appliances and components in your home, even when you’re not there. The purpose is to let you make your home more comfortable, secure and energy efficient. While smart home technology is still in its infancy, there are already many ways ...

8 Tips to help Prevent Break-ins Without Breaking the Bank

Home Owners:  Tips to Prevent Break-ins A recently published story by CBC June 28th, 2016 warned Ottawa residents that the number of residential break-ins has almost doubled in the first half of 2016 as compared to the first half of 2015. While Ottawa is considered a safe city, it’s always a good idea to be vigilant about home security.   Here are a few quick tips that won’t break the bank.   • Get to know your neighbours. Areas with ...

What's In a Name? Is your Street Name Desirable to Home Buyers?

When you’re shopping for a new home, there’s a good chance you’ve got a long list of considerations that you will factor into your decision-making process: size, neighborhood, condition, etc. But have you ever considered a home’s street name to be a factor when you’re deciding whether or not you want to buy? It might surprise you, but for many home buyers the name of a house’s street can determine whether that house is desirable – or not ...

4 Important Things to Know About the Difference Between a Realtor and Real Estate Agent

So, you want to buy (or sell) a house in Ottawa or beyond. What’s the first thing you do? If you’re like most people, you go find a real estate professional to help. While the whole process sounds pretty simple (hire a representative you like and trust!) there’s actually one extra decision you’ll need to make before you proceed — and that is whether you want to hire a Realtor, or a real estate agent. You might be thinking, “But ...

Ottawa Real Estate Market Snapshot May 2016

What neighbourhood are you interested in? This is a snapshot of the Ottawa Real Estate market based on statistics provided by the Ottawa Real Estate Board.  If you are interested in finding out about neighbourhood trends please contact us . We’d love to help. What happened in Ottawa Real Estate in ...

Regulating Home Inspectors in Ontario

The Ontario government has announced plans to begin regulating home inspectors, requiring potential inspectors to pass a written exam and field test in order to qualify for a license. In doing this Ontario will be following in the footsteps of British Columbia and Alberta, the only provinces in Canada that have home inspector regulations in place. The hope is that these measures will prevent stories like Alyssa Hanson’s, whose inspector missed water leaking into the basement that led ...

Home for Sale: A Guide for Your Next Housing Journey

Once a For Sale sign goes up, it’s official! You’re ready to begin your new journey! Or are you? It’s normal to experience some raw emotions as you embark on selling your beloved home. Follow these simple steps to help you take memories from one home to another. Create a Memory Box There’s no need to wait until your house is sold to start packing, especially when it comes to the sentimental items. Locate a sturdy ...

Second-best April on record for Ottawa Real Estate!

April was a busy month in Ottawa Real Estate…see the most recent market highlights below -information provided by the Ottawa Real Estate Board Members of the Ottawa Real Estate Board sold 1,714 residential properties in April through the Board’s Multiple Listing Service® system, compared with 1,567 in April 2015, an increase of 9.4 per cent. The five-year average for April sales is 1,568. “The Ottawa resale market continued its steady ...

Sustainable Building Materials

As the world’s population increases and resources dwindle, sustainability, development that meets current needs without compromising the ability of future generations to meet their needs, has become a priority for homeowners, developers and governments.  This shift in focus has driven improvements in building design and construction, including sustainable building materials. Green building materials impact energy and water consumption, waste reduction and occupant well-being by minimizing the negative effects that our built environment can have on the planet. Here are some new ...

What Home Owners Can Do With a Tax Refund

  If you are a homeowner, a tax refund presents opportunities to invest for a profit that aren’t available to renters. Whether you plan to sell, stay or are undecided, there are ways to optimize the financial impact of your refund. The first step is to treat your refund check the same as you treat your paycheck. Avoid the temptation to splurge and give that refund money a purpose. Here are three home owner-only options to grow that refund:   ...

Ottawa Real Estate Market Snapshot March 2016

Ottawa Real Estate: March market springs into action!  The following information provided by the Ottawa Real Estate Board.  Members of the Ottawa Real Estate Board sold 1,166 residential properties in March through the Board’s Multiple Listing Service® system, compared with 1,200 in March 2015, a decrease of 2.8 per cent. The five-year average for March sales is 1,220. “We are definitely seeing a resale market increase from ...

What Mortgage Strategy Is Best For Millennials, Gen Xers and Baby Boomers?

When it comes time to purchase a new home, your mortgage strategy will likely depend on the stage of life you are in. Early-career home buyers (Millennials) have just entered the workforce so they usually have little cash and may be in debt. Gen X home buyers are busy trying to advance their careers, raise families and save for retirement. Baby boomers have often left the workforce, so they have less income and may already be spending their retirement savings.   ...

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