Posts by DebandDave

Buying your first home in Canada – What you Need to Know

One of the reasons Canada is the greatest country in the world is that we embrace new Canadians. The indigenous people were the first people in Canada. All other Canadian families have come from another country, we all have come from somewhere. Canada proudly is one of the most diverse and safe countries in the world. One reason for this is that as new Canadians we work hard and embrace our new communities. A recent Royal LePage survey found that “newcomers to Canada represent one in every five home buyers. If the current international migration level is maintained, Canadian newcomers
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Owning versus Leasing

It is essential for a business that they find the right location to set up their business and to decide whether to buy or lease a location. There are advantages and disadvantages to both. You will need an experienced commercial REALTOR®, an accountant and a lawyer working together to help you make the right decision. There are several financial as well as non-financial factors that need to consider. Non-financial factors may include whether the business owner insists upon owning. They want absolute control of the property or do not want the hassle of having to renew leases, the availability of
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Ottawa Real Estate January 2020 Highlights and Statistics

Ottawa Real Estate January 2020 Highlights Based on information released February 5, 2020 by the Ottawa Real Estate Board Average Sale Prices up over 19% in both Residential and Condominium Properties January’s average sale price for a condominium-class property was $338,077, an increase of 19.1 % from January 2019 January’s average sale price of a residential-class property was $516,229, an increase of 19.3 % from January 2019. Compared to last month, however, the average price for residential-class properties increased by a modest 3.2 % and the average price for condominium-class units was 8.8 % higher.* The Board’s Housing Price Index
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Commercial Property …Not without a realtor

Have you ever considered owning, investing or leasing commercial real estate? Commercial real estate is defined as any non-residential property used for commercial profit-making purposes. It includes; office, retail, industrial, institutional, land, multi-family residential, and hotel/motel properties. All aspects of acquiring or leasing a commercial property are much more complicated than residential and require a skilled team of professionals to ensure a smooth transaction. Why Should I Invest in Commercial Property?  There are many reasons to purchase a commercial property: As an element of your overall investment strategy As the location of your business, this will help to ensure cost
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Ottawa Real Estate Market Snapshot

Ottawa Real Estate Highlights December 2019 Record-Breaking 2019 Closes Out Decade Another record breaking year in both the number of sales & average prices! The average sale price of a residential property crept up over $500K during several months in 2019, with the annual average sale price settling at just below $490,000. As we head into 2020 we anticipate that the prices will continue to increase, however even then, the Ottawa area real estate market remains one of the most affordable major cities in Canada.                             Highlights
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All I want for Christmas is a HOME

Buying a house is an exciting time, and whether you are just entering the market or you are a seasoned buyer ready for your next move, investing in real estate is a smart decision. To some, the Realtor App could be considered the Tinder of the Real Estate world, swiping past sub-par matches looking for the one who really might be worth the work. While looking at homes seems to be a logical first step, it may not. Some steps should be taken to ensure that you are prepared to be as competitive as possible when in a multiple offers
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The Season of Giving – Gift Ideas for all the Homeowners in your Life

Coming up with gift ideas for the people in your life can be difficult sometimes.  We have put together a gift-giving guide for those people that have moved into a new home or a new condo.  Perhaps you are the one that has moved this year if so we included some ideas for little gifts for your new neighbours around the holiday season.   Homeowners Buying gifts for the new homeowners in your life can be an exciting gift to shop for and the possibilities can seem endless! Toasters, towels, and linens at every corner! If your homeowner hasn’t registered
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Ottawa Real Estate Market Snapshot November 2019

Weather isn’t Cooling the Resale Market!  Highlights from the Ottawa Real Estate Board December 4, 2019 Ottawa Real Estate Highlights November 2019 UNIT SALES Members of the Ottawa Real Estate Board sold 1,288 residential properties in November through the Board’s Multiple Listing Service® System, compared with 1,161 in November 2018, an increase of 10.9 %. Residential: 958 Up 10.5 % from November 2018 Condo: 330 Up 12.2 % from November 2018. The five-year average for November unit sales is 1,133. “Even with the typical winter slowdown, Ottawa’s home resale market still experienced a relatively brisk pace in November. Our inventory is
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Picking a Condo that Matches your Lifestyle

While many people once shied away from condominiums, today, this home-owners option is heavily sought out by people of all ages and lifestyles. Condominiums are popping up in all neighbourhoods, with amenities that cater to the needs of people with all types of wants, needs, and abilities. Whether you are a working professional, young family, retiree, live an active lifestyle or require accessibility accommodations, appealing features offered by many of these condominiums are making this home-buyers option an appealing and competitive one. As with the growing market of condominium homeowners, the variety of notable features offered under the fees are
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Ottawa Real Estate Snapshot:  October 2019 

Ottawa Real Estate Snapshot:  October 2019 Based on information from on the Ottawa Real Estate Board November 5th, 2019 Properties Sold Total properties sold: 1,607 an increase of 16.9% over October 2018 1,211 in the residential-property class, up 15% over October 2018 396 in the condominium-property category, up 23% over October 2018 The five-year average for October unit sales is 1,319. “New listings are down, inventory remains scarce, and yet more homes changed hands this October than in the past decade and a half,” reports President of the Ottawa Real Estate Board. “It’s perplexing at first; however, when you consider
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