REAL ESTATE BLOG

Coolest Luxury Upgrades (and what they cost!)

Luxury homes offer just that – luxury – and many of them feature a variety of amenities to make life easier and add convenience. Here are the top 10 sought-after amenities for luxury homes compiled from interviews with Royal LePage agents across the country. Just in case you’re interested in upgrading your current home, estimated costs for each item is also included. Car Lifts and Indoor Car Washes Estimated Cost – Car Lift – $2,500 to $6,000 Indoor Car Wash – $30,000+ If you have a luxury home, it only makes sense to have s...

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What is Carriage Trade?

You may have heard the name “Carriage Trade” tossed around but what does it mean? If you are looking to purchase or sell a luxury property, the Carriage Trade designation by Royal LePage will ensure that your property gets the right exposure to the right people or will aid in your search by seamlessly providing your with a curated list of the market’s most exclusive properties. This is an exclusive service offered by Royal LePage to market distinguished home in Canada to discerning buyers from around the world! Will Your Home Qualify for the Carriage Tra...

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Ottawa Real Estate Market update: August 2019

Ottawa Real Estate Market update: August 2019 (September 5, 2019)  If you’ve been following the Ottawa Real Estate market it probably won’t come as a surprise that both unit sales and prices were up last month, in spite of continuing issues with low supply. Heading into the fall months we don’t see any signs of our fast paced market slowing down. If you have any questions, we’re always here to chat! Market Highlights: Number of Sales:  Total properties sold 1,731  compared with 1,581 in August 2018, an increase of 9.5 per cent.  1,300 in the residentia...

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Find Sold Prices Online!

At Royal LePage Team Realty, we are thrilled to announce that we are the first major brokerage in Ottawa to offer a Virtual Office Website where users can now have access to more information than was ever possible before. With a simple click, anyone with an email address will now be able to access sold prices and other information on listings that have already sold. As a brokerage, we believe in transparency and we are excited to provide this tool to our clients to aid in their real estate journey. Take some time to do some research, but when you’re read...

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Beyond the Sign: Price It Right

When a home is listed, it needs to be at the right price in order to ensure that you get what you deserve for your home. There are a lot of factors that go into pricing a home and your Royal LePage Team Realty agent will help guide you through the process to ensure a positive outcome. Ultimately, the listing price is your decision, but trust your agent; they know what they are doing! What’s in a Price? When it comes to listing a home, the price can be everything. Pricing a home too low may mean that the sellers may not get top dollar and pricing a home t...

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Beyond the Sign: Knowledge

You wouldn’t get your car fixed by anyone other than a mechanic and you definitely wouldn’t let anyone other than a doctor perform a medical procedure on you but would you consider buying or selling a home without an expert in your corner? Buying or selling a home is likely one of the biggest transactions of your life so it’s important to ensure that you have someone there to ensure that you and your assets are protected. A Royal LePage Team Realty agent is an expert in their field and they will ensure that every part of your transaction goes smoothly fr...

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Beyond the Sign: Marketing

There is a lot more to selling home than putting a sign on the front lawn. A sign on the lawn is definitely a great marketing tool but the reach is limited. Did you know that your Royal LePage Team Realty Realtor® is able to leverage a variety of marketing strategies and tools to ensure that your home is put in front of as many potential buyers as possible to ensure that the right buyer is found in the least amount of time? This month we will be looking at the behind the scenes of real estate so let’s start by looking at the variety of marketing tools yo...

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Real Estate Market Snapshot: Hot Market in a Scorching July

The Ottawa Real Estate Board recorded the highest number of July sales in 15 years! Real Estate Market Trends and Highlights July 2019 1,842 residential properties sold on MLS® in July 2019, compared with 1,605 in July 2018, an increase of 14.8 per cent. 1,382 in the residential-property class, up 12.3 per cent from a year ago 460 in the condominium-property category, a rise of 23 per cent from July 2018. The five-year average for July unit sales is 1,579. July’s average sale price for a condominium-class property was $299,665, an increase of 6.8 per ce...

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What's in a Name? A Street Name That is….

Where did Ottawa’s Bank Street get its name? It’s not likely what you think! Have you ever gone for a walk around your neighbourhood and stopped to think where the street names may have come from? In Ottawa alone, there are almost 10,000 unique names for streets and this number grows almost every day! Street names come from a variety of sources and can have significant meaning or none at all. Let’s take a closer look. Different Conventions Before we get into the actual names, let’s look at the different types and what these conventions can te...

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O Canada – Bring Some Canadian Style Home

Every July, Canadian’s come together to celebrate our amazing country but now that the fireworks are over, you can show your Canadian pride at home. There are many options for decor that is truly Canadian; whether it’s iconic and historic brands or patterns and imagery, there is something for everyone when it comes to Canadian style at home. Here are some examples: Hudson’s Bay Stripes The symbol of the iconic Canadian department has become very trendy in recent years and now there are a variety of items adorned with the famous stripes. The most fa...

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Market Snapshot: June 2019 Ottawa Real Estate update

Condo Sales Continue to Dominate Resale Market | Ottawa Residential Average Sale Price Climbs over $500K for the first time ever If you would like detailed information about specific properties, neighbourhoods and Ottawa Real Estate Market trends we would love to help! Contact us anytime at info@teamrealty.ca. July 4, 2019 from the Ottawa Real Estate Board’s latest News Release Members of the Ottawa Real Estate Board sold 2,105 residential properties in June through the Board’s Multiple Listing Service® System, compared with 2,064 in Jun...

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Canadianisms Around the Home

On Canada Day, we must take a moment to think about what makes us truly Canadian. Put on your thinking toque, grab a caesar, double-double, or pop, while we consider some of those truly Canadian terms that we use around the home almost every day. But fear not, there’s no need to cause a kerfuffle; all Canucks will know what you mean, eh?  Eavestrough: Did you know that most of the World refers to these as gutters? Eavestrough is a 100% Canadian term. We wonder if this applies to the term “eavestroughing” for listening in on someone’s conversation...

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