REAL ESTATE BLOG

How we are Helping to Stop the Spread

ROYAL LEPAGE TEAM REALTY STANDS WITH THE REST OF THE WORLD TO END THE SPREAD OF COVID-19 As a devoted member and essential service in Ottawa and Surrounding Area, Royal LePage Team Realty and our agents have been working hard to end the spread of COVID-19 while remaining mindful of the changing needs and expectations of our clients. As a trailblazer in the industry, we have adopted new and innovative ways of delivering our services with care and quality. They follow all the guidelines set forth by the government and adhere to our own set of values and st...

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Home Projects To Ready Your Home For Summer

With the spring season now in full bloom, summer approaching quickly, and social distancing guidelines leaving you a little stir-crazy, you may be feeling anxious to spend time outdoors and keep yourself busy while waiting for restrictions to be lifted. Fortunately, when you have to #StayHome, you might be able to find some time to work on some home projects that may have otherwise been neglected. Because home projects are usually essential or seasonal tasks to ensure your home is properly maintained, this can also be a great learning opportunity for kid...

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Mother's Day from a Distance

  Mother’s Day is just around the corner, and while many of us generally take this time to visit and surprise our Mothers with gifts of appreciation, good food, and laughs with the family, the current state of the COVID-19 pandemic still has us practicing social distancing measures, limiting our interactions. While this certainly isn’t how we thought we would be spending Mother’s Day this year, there are still ways we can adapt and celebrate; With accessible technology, plenty of local and online buying options, and a touch of creativity, there are still...

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Video Chat Platforms: Social Interaction During Social Distancing

The onset of the global COVID-19 pandemic has created changes and challenges in the way we conduct our normal daily activities. While we used to enjoy taking a break from the busy world outside of our homes, we are now being asked to make that break our new reality by staying inside and practicing social distancing measures in order to do our part to flatten the curve and stop the spread of this virus. While the importance of this effort cannot be argued, it is recommended that we seek out alternative methods of social interaction to stay connected with ...

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What style of House are you?

Have you ever wondered what type of neighbourhood best resonates with you? Buying a home is an exciting time for new, and there are so many choices when it comes to housing styles, are you a bungalow, a stacked condo, a single-family dwelling? Each of these styles of homes can be found in neighbourhoods with different characteristics, making it essential to determine which one is most representative of your wants, needs and abilities. Understanding the importance of lifestyle and personality traits and how they work best with different types of neighbour...

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Ottawa Real Estate Snapshot March 2020

Market update: March 2020. While we are thankful to have been named an essential service, Realtors® and brokerages everywhere are working together to ensure that necessary protocols  are in place to ensure public safety in this new reality.  As trusted advisors, committed to flattening the curve, our industry is finding creative ways to use technology to assist  clients who are in urgent need to buy or sell.  While the beginning of the month there was plenty of activity as the spring market started to heat up, when the Ontario State of Emergency began, o...

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Is the right time for us to purchase Real Estate?

Time for buying my home, now or future Is the right time for us to purchase Real Estate? The question of when it is the right time to purchase real estate is always a very important family decision. For millennials, homeownership in Canada is approximately 50 percent. In contrast, 55 percent of their parents currently own their own homes.  While millennials have lower ownership rates, it is expected that the numbers will increase this year. The average millennials are married at the age of 29, and most are in their early thirties. Many have been married ...

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What You Need to Know About Cannabis Legalization in the Housing Market

Legal Recreational Cannabis and the Impact on the Ottawa Real Estate Market Updated 24 April 2020 Recreational cannabis has been legal in Canada since October 2018. Saskatchewan’s implementation of the new law has been the most efficient. Ontario was the slowest; however, it is now improving the availability of cannabis products. Federal and Provincial regulations, as well as City bylaws, are continually being updated, how will this impact the real estate industry now and what will it be in the future? Keeping current on this is very important; therefor...

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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...

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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 hav...

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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 avera...

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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...

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