Posts by teamrealty

Fun Real Estate Facts: Average Ottawa Home Prices 1956-2014

The Average Price of a home in Ottawa in the year 2000 was $159,511 – last month in March 2015 it was $361,572 (including Residential & Condos!) What was the Average the year you bought your first house? The year you were born? The year you got married? Check the chart below for details. Interested in finding out what your home is worth today?  We’re happy to provide you a free home evaluation, contact us today!
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Royal LePage in the News! Royal LePage named 2015 Outstanding Corporate Citizen

Canadian Franchise Association bestows honour on Royal LePage—A first for the real estate industry! April 14, 2015 A first for the real estate industry TORONTO, APRIL 14 – Royal LePage Real Estate Services has been named the 2015 Outstanding Corporate Citizen by the Canadian Franchise Association (CFA).  Royal LePage, Canada’s largest and oldest real estate firm, received this award for demonstrating sustained support for the local communities through its network of over 600 brokerage offices from coast to coast, and for philanthropic innovation on a national scale. The company’s 16,000 Realtor® network has raised over $20 million through the Royal LePage Shelter
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Ottawa Real Estate Market Update: Spring is finally here!

Is now the right time for YOU to buy or sell?  For a full report of what’s going on in your Ottawa area neighbourhood talk to your Royal LePage Sales Representative  or if you’re looking for a great Realtor®, e-mail Kent Browne kent@royallepage.ca or 613-725-1171. Helping YOU is what we do. _______________________________________________________________________ Busy spring season arrives amidst March snow banks! – Ottawa Real Estate board Members of the Ottawa Real Estate Board sold 1,208 residential properties in March through the Board’s Multiple Listing Service® system, compared with 1,184 in March 2014, an increase of two per cent. The five-year average
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Nelson House Donation

With the help of many generous supporters, every year Mary Lindsay, a Royal LePage Team Realty sales representative,  organizes a  “Yesterday’s” sale at our Royal LePage Team Realty branch at 1335 Carling Avenue.  This group collects gently used clothing, jewelry and silent auction items which are then sold over 2 days. All money raised is then donated to a local women’s shelter. Earlier today Mary Lindsay, Theresa Seguin and Brian Sukkau presented a $2000 donation to Ottawa’s Nelson House.  Nelson house exists to “provide safety for women and children who are being abused and to work with other groups and
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Resale buyers brave the February freeze

  Members of the Ottawa Real Estate Board sold 853 residential properties in February through the Board’s Multiple Listing Service® system, compared with 868 in February 2014, a decrease of 1.7 per cent. The five-year average for February sales is 914.   “Even though we had one of the coldest months on record, resales for the month of February are only slightly down from last year,” says President of the Ottawa Real Estate Board, David Oikle. “Looking at residential properties alone, 13 more properties were sold this February over last February – a 1.9 per cent increase; while the condo
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Royal LePage House Price Survey: Ottawa trending towards a Buyer’s Market

OTTAWA RECORDS FLAT HOUSING MARKET IN THE THIRD QUARTER High inventory leads to an uneventful third quarter OTTAWA, October 15, 2014 – The Royal LePage House Price Survey released today saw prices for homes in Ottawa remain relatively flat. Detached bungalows and standard two-storey homes increased 1.2 per cent year-over-year to $403,091 and $406,264, respectively. Standard condominiums saw a slight decline in price, dropping 0.3 per cent to $258,132. “Buyers had a surplus of inventory to choose from this quarter, with much of the inventory left over from slower than usual winter and spring selling seasons,” said John Rogan, broker manager, Royal LePage Performance Realty. “However, there
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Steady as she goes for September real estate sales in Ottawa

From the Ottawa Real Estate Board September/October 2014 “Members of the Ottawa Real Estate Board sold 1,133 residential properties in September through the Board’s Multiple Listing Service® system, compared with 1,118 in September 2013, an increase of 1.3 per cent. The five-year average for September sales is 1,103. “Our community is fortunate to enjoy one of the most stable real estate markets in Canada,” says Randy Oickle, President of the Ottawa Real Estate Board [and President/General Manager of Royal LePage Gale Real Estate]  “This is evidenced by the fact that the units sold and the average sale price in August and September
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Square Footage of Homes… Why Such a Mystery?

When it comes to measuring square footage for a home or condominium it’s not so easy! Buyers always ask their sales representative for information on the square footage of the home they are considering buying and realtors always want to know approximately how many square feet exists in the home or condominium they are selling.   Unfortunately organized real estate no longer promotes the use of square footage in the details of housing  due to the potential liability on the homeowner and real estate agent as a result of the inconsistency of how a home can be measured. Unfortunately there
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Campaign Launched By Provincial Realtors to Stop the Spread of Another Costly Home Owner’s Tax

Help us in an effort to “Say no to another home owner tax” – It is our mission to help prevent the spread of a new municipal land transfer tax (MLTT). This tax is in addition to the Land Transfer Tax a consumer already pays to the province when purchasing real estate and this provincial tax is already a large amount. Now your local municipalities want to Tax the home buying consumer again by introducing a new local Municipal Land Transfer Tax. Currently only implemented in Toronto, this tax has a great possibility of spreading to other regions of Ontario.
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