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April 2018
April showers bring may flowers.  Yes true but on April 5/18 at -12 degrees C with windchill at -20, showers more like a winter snow blast.

Entry level homes still in a crazy market.  Two townhouses in/around my house in Kanata sold 10% above list price.

Land while slow in the past couple of years starting to come around with home owners jumping out of the competitive offer market on resale home to building their own home.

Enjoy this months newsletter

Perry/Helene
Buyers Get a Jump on the Spring Market
Members of the Ottawa Real Estate Board sold 1,660 residential properties in March through the Board's Multiple Listing ServiceĀ® System, compared with 1,478 in March 2017, an increase of 12.3 per cent. The five-year average for March sales is 1,339. March's sales included 358 in the condominium property class and 1,302 in the residential property class.

"Inventory continues to fall below normal average, but we are still seeing more sales than last year because listings are not staying on the market," states Ralph Shaw, President of the Ottawa Real Estate Board. "Properties that are priced well are selling quickly with days on market dropping to an average of 43 days from an average of 54 days on market in March 2017."
The average sale price of a residential-class property sold in March in the Ottawa area was $447,561, an increase of 8 per cent over March 2017. 

The average sale price for a condominium-class property was $275,592, an increase of 0.7 per cent from March 2017. The Board cautions that the average sale price can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The calculation of the average sale price is based on the total dollar volume of all properties sold. Price and conditions will vary from neighbourhood to neighbourhood.

To read the full article click here.
10 Creative Ways to Declutter Your Home
"People rarely succeed unless they have fun in what they are doing." -Dale Carnegie

The idea of living a simplified, uncluttered life with less stuff sounds attractive to many. They have considered the benefits of owning fewer possessions: less to clean, less debt, less to organize, less stress, more money and energy for their greatest passions. They are ready to declutter but some get quickly tripped up by the very next question... where in the world do I begin?

Many begin to feel overwhelmed, anxious, and defeated around the idea of decluttering their homes. That's too bad. The decluttering journey doesn't need to be as painful as some make it out to be. In fact, there are a variety of people who have come up with some pretty fun, creative ways to get started.
Consider this list of 10 creative ways to declutter your home:

  1. Give yourself 5 solid minutes. Leo Babauta at Zen Habits recommends 18 different 5-minute decluttering tips. Pick one today that sounds appealing. Or better yet, pick a random number 1-18, read the specific tip, and commit 5 minutes to completing it.
To read the full article click here.
High real estate prices are sparking a surge in unorthodox housing - and new ways to think about insuring a home

From tiny homes to laneway dwellings, Canadians are embracing an increasing range of unique and unusual abodes. But whatever you choose to call "home," chances are a team of insurance professionals have been working on coverage specially designed to underwrite you.

Tiny homes are increasingly common, especially in urban areas where housing costs have skyrocketed, says Stefan Tirschler, CIP, product and underwriting manager, Square One Insurance Services Inc.

"In the beginning, tiny homes were lived in by a small community of people experimenting with a new way of living," he says. "Today, we've seen zoning changes across the country, and that's resulted in a wide range of small dwellings on the market. This includes anything from miniature frame homes, portable frame homes on wheels, tiny homes built from shipping containers, laneway homes-even yurt-style homes."

Tirschler notes that underwriting for tiny homes tends to build on safety standards for existing homes or materials used in the structure.

To read this article in full click here
Mortgage experts explain five things you need to know about the current real estate market
      
With so many changes happening in the Canadian housing market over the last 12 months, it's easy to understand why homeowners and buyers may be intimidated by entering the market. Here, the experts from Mortgage Forces, an independent mortgage brokerage focused on serving military members, DND employees and their families, explain the top five things to consider when buying or selling a home in 2018.
  1. Interest rates are changing:
There's no way around it, rates have and are likely to continue increasing this year.
"If you're planning to purchase a home in the near future, it's a good idea to get pre-qualified, which is done using the new regulations and stress test, and lock in a rate as soon as you can," said Kevin Pringi, senior underwriter at Mortgage Forces. "But when the time comes to actually purchase a property, it's best to shop the rate around."
  1. New rules and regulations:
Regulations surrounding mortgage approval are now stricter than ever, with added stress tests put in place that require buyers to qualify at higher rates than their actual mortgage.

To read this article in full click here
If you or someone you know is considering buying, selling, or moving to Ottawa in the next 6 months, call us at  613-831-6747.   I n all markets it's important that you choose an agent to represent you who is experienced, knows the market and your goals, and is dedicated  to working first toward your best interests. Our commitment is in writing. Call or email us to help with your plan. 

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