Thursday, May 27, 2010

Fabulous Waterfront-

Build a family compound or investigate development possibilities. Check this listing on Lac Louisa.http://tinyurl.com/3a9tf9d It is still available. Check out this link for two web books with plenty of pictures including a very young Shirley Boyd(Hamilton)http://tinyurl.com/2wmo3jz

Wednesday, May 26, 2010

Relocation doesn’t have to mean trepidation-

Moving to a new home within the same city is something many homeowners do over the course of their lives, whether it’s a move precipitated by changing housing needs or the desire to live closer to work, school or recreation. Whatever the reason, moving is a big deal and requires a lot of time and organization from every member of the family.
But moving from one city to another, especially a city you’ve never lived in before, can be an even more daunting undertaking. There are so many questions to answer: How do we find a new house? What neighbourhood should we choose to live in? What are the different types of homes
available in the new city? What’s the public transportation system like? Where are the sports and cultural facilities located? Should we try to live close to work, or commute, and how’s the traffic? If you’re moving for a new job or educational experience, you’ve got all the stress of that particular life change as well, on top of the basic questions of shelter for your family.
Fortunately, there are real estate professionals in every city who can help you find the answers to all of those questions and more. Their job is to help you build a new home base from which to establish your new life. Ottawa, as our national capital, is a city that many new residents choose to adopt as their home every year, whether they’re immigrating from another country or moving from another part of Canada. They might be members of Canada’s armed forces, foreign diplomatic personnel, or people working for the many companies who have their headquarters here in Ottawa. Because of the transient nature of our population, many members of the Ottawa Real Estate Board have ample experience in helping families relocate to Ottawa from somewhere
else.
A real estate professional can help you from the very beginning of the process: touring neighbourhoods with you to figure out which one is right for your family; finding listed homes that meet your family’s needs and wants; setting up appointments for viewings; and even
previewing homes to check that they meet your criteria. Even if you only have a short period of time in which to visit Ottawa and purchase a new home, a real estate professional can work within your schedule. If you’re moving from another province or country, he or she can also help you familiarize yourselves with local real estate laws and requirements, as well as recommending which conditions you might want to place on your offer, such as a satisfactory home inspection, first refusal clause, etc.
Once you’ve found a home you’d like to purchase, a real estate professional can also assist you in arranging mortgage financing, negotiating your offer with the sellers, and even recommending moving companies. So make your move a much more enjoyable experience – call a member of the Ottawa Real Estate Board, and enjoy your move to our fair city

The President's Pen column was prepared by the Ottawa Real Estate Board and first appeared in the May 20, 2010 issue of the EMC community newspapers.

Wednesday, May 05, 2010

Hottest April on record for resale housing market

May 5, 2010 :
Courtesy of the Ottawa Real Estate Board

Members of the Ottawa Real Estate Board sold 1,841 residential properties in April through the Board’s Multiple Listing Service® system compared with 1,591 in April 2009, an increase of 15.7 per cent.

Of those sales, 425 were in the condominium property class, while 1,416 were in the residential property class. The condominium property class includes any property, regardless of style (i.e. detached, semi-detached, apartment, stacked etc.) which is registered as a condominium, as well as properties which are co-operatives, life leases and timeshares. The residential property class includes all other residential properties.

“Last month’s sales blew away the record for April, which is always one of the busiest months of the year for our market,” said Board President Pierre de Varennes. “The increased sales activity may be partially due to buyers trying to avoid the impending HST and the mortgage changes that came into effect on April 19, but also demonstrates that consumers feel confident about our local economy,” he added.

The average sale price of residential properties, including condominiums, sold in April in the Ottawa area was $332,979, an increase of 11.6 per cent over April 2009. The average sale price for a condominium-class property was $254,220, an increase of 17.4 per cent over April 2009. The average sale price of a residential-class property was $356,617, an increase of 11.7 per cent over April 2009. The Board cautions that average sale price information 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 average sale price is calculated based on the total dollar volume of all properties sold.

The Ottawa Real Estate Board is an industry association of 2,590 sales representatives and brokers in the Ottawa area. Members of the Board are also members of the Canadian Real Estate Association.

The MLS® system is a member based service, paid for by the REALTOR® members of the Ottawa Real Estate Board. The MLS® mark symbolizes the cooperation among REALTORS® to effect the purchase and sale of real estate through real estate services provided by REALTORS®. MLS® commercial and residential listings are available for viewing on the Board’s internet site at www.OttawaRealEstate.org and on the national websites of The Canadian Real Estate Association at www.REALTOR.ca and www.ICX.ca. Information about listings and open houses is also available in the Board’s weekly newspaper, Ottawa Real Estate Guide, available free at 700 locations across the Ottawa area and now online at www.OttawaRealEstateGuide.ca.

A home by the water

Sunset over the lake. A boat tied up to your own personal dock. Fishing and swimming seconds
from your back door. Many of us dream of living in a home that adjoins a body of water. But
buying, owning and maintaining a waterfront property isn’t as easy as you may think.
First of all, not all waterfront properties are alike. Living by a peaceful lake can have different
challenges than cohabiting with a rushing river. Many real estate professionals have extensive
experience helping people purchase and sell waterfront properties, so finding one that can help
you navigate the waters is a great idea.
If your waterfront lifestyle will include recreational activities like boating, swimming or fishing,
be sure to find out what type of access you would have to the waterfront, based on the land title.
The waterfront may be part of the property title, or the owner may simply have deeded access to
it. If there is a beach, check whether it is private, community only, or public. Your real estate
professional and lawyer will be able to help you get this information before you consider making
an offer on a waterfront property.
Also, renovating, improving or significantly changing a waterfront property may require extra
planning and permission from organizations such as Parks Canada or the local conservation
authority, in addition to the usual municipal planning and permit issues. Those organizations
work to protect environmentally sensitive areas, wetlands, fish and animal habitats, and natural
shorelines. They also conduct water quality testing, undertake flood forecasting and issue
warnings, and can be an excellent source of information and advocacy for waterfront
homeowners. Making changes to waterfront property without proper approval can carry
significant fines, so be sure to check with your local conservation authority before you build or
tear down.
Once you have permission to renovate or landscape, consult experts to make certain you’re
working with the land in such a way that any new buildings or systems (such as septic or wells)
will not be compromised by the water or natural erosion of the shoreline.
Finally, you want to make sure the nearby water will stay out of your home. Flooding is possible
almost anywhere, but the risk is magnified when a property is adjacent to a body of water. For a
quick check when you’re first thinking about waterfront properties, the City of Ottawa’s e-Maps
feature (located on their website Ottawa.ca) allows you to view the location of flood plains
throughout the city so that you can choose neighbourhoods with lower risk. However, when you
are considering making an offer, a home inspector who’s experienced in assessing waterfront
properties can help you determine what the flooding risks are with that particular property, and
can offer concrete suggestions about how to prevent flooding in the future.
A waterfront property can provide you and your family with many opportunities for recreation
and relaxation. By doing your homework and consulting with waterfront experts including real
estate professionals, home inspectors and conservation authorities, you can buy that lakefront
home or riverside cottage with greater peace of mind.

The President's Pen column was prepared by the Ottawa Real Estate Board and first appeared in the May 2010 issue of the EMC community

Tuesday, May 04, 2010