Ottawa Real Estate Market Snapshot October 2018

Highlights from the Ottawa Real Estate Board’s Latest News Release read full story Halloween has not Scared Away Home Buyers “October’s sales are truly indicative of the fast-paced market we have experienced for much of 2018,” points out Ottawa Real Estate Board President, Ralph Shaw. “In some pockets of the city, listings are not lingering on the market. Year-to-date average Days on Market (DOMs) are down 14% from 45 to 39 days for residential homes and 24% from 68 to 51 days for condominiums.” “However, lack of supply continues to be a major driving factor in Ottawa’s real estate market,”
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What is Fiduciary Duty in Real Estate Transactions

What is Fiduciary Duty in Real Estate Transactions When you enter into a buyer agency agreement with a homebuyer, you are obligated to provide them with the full range of real estate fiduciary duties. A fiduciary relationship is one of special trust. It is similar to that of doctor and patient, religious minister and parishioner, or attorney and client. On top of the minimum level of service, there are additional fiduciary/statutory duties that you owe your clients. We’ve put together some info to help you understand the full scope of your obligations as a buyer agent. Minimum level of service
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Home Renovations with a Great Return on Investment

Home Renovations with a Great Return on Investment We’ve all been there: “I love our kitchen, but what if we added an island?” or “our en suite bathroom is great, but it’s missing a little colour” or even “our basement is so spacious, I wonder what it would look like finished”. Sound familiar? If you can relate with any of the above questions (or have debated a slightly different tweak to your home) then you’re likely well-acquainted with the idea of home renovations and how they can truly revamp a living space (or two). But what if we told you
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How To Winterize A House: 250+ Practical Tips And Videos

Fall is the time when you should get prepared your house for the upcoming season by doing winterization of your house. The last thing you want is to be calking your windows from outside when it’s just above 20F and snowing. Even worse is having your pipes or sprinkler system burst because you never managed to insulate and blow through the system before freezing weather come in. By following our ultimate guide now before the cold arrives, you can save money and remain warm and safe throughout winter. How to use our ultimate guide We put a lot of hard
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Fall Furnace Tune-Up

Fall Furnace Tune-Up As much as we may hate to admit it, fall is here. As the days get shorter and the air gets colder, the time of year when we switch from cooling our homes to heating them is upon us. However, before you switch your furnace on and start getting your winter blankets out of storage, it is wise to perform a routine inspection and maintenance of your furnace. You don’t want something going wrong in the middle of winter when you need heat more than ever. You can spend money to have a professional come and perform
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Readying Your Family for an Emergency

Readying Your Family for an Emergency September 21st, 2018 is a day our community won’t soon forget. The stories we’ve heard from those affected by the tornadoes that touched down in the City of Ottawa-Gatineau were nothing short from terrifying; the photos we’ve seen from the storm’s aftermath have been undeniably bone-chilling. It has been a devastating reality that the residents of our nation’s capital weren’t quite ready to face as thousands upon thousands of families were left without power – and, worse – homes. Yet, in the same breath, we have witnessed some incredible acts of heroism and unity
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"Autumn Leaves are Falling; Home Prices are Not" |Ottawa Real Estate: Market Snapshot September 2018

“Autumn Leaves are Falling; Home Prices are Not” |Ottawa Real Estate: Market Snapshot September 2018 Have questions? Looking for specific neighbourhood stats? Message us, we’d love to help! Info@teamrealty.ca  October 3, 2018 via the Ottawa Real Estate Board “We continue to experience supply-side issues going into our fall market. The fact is, the number of residential sales would be much higher had we more robust inventory to draw from,” states Ottawa Real Estate Board President Ralph Shaw. “Condos continue to represent a greater proportion of year-to-date unit sales with a 15 per cent increase from this time in 2017.” September 2018
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Why Realtors Will Never Go Away

Why Realtors Will Never Go Away   In a day and age of instant internet know-how, it’s not surprising that some people decide to forgo the assistance of a real estate agent, choosing instead to list their homes themselves, hoping for a sale, minus the dreaded commission fee. After all, the worldwide web should be an all-knowing source to any relevant questions and concerns they may have, setting the course for a wonderfully smooth-sailing process from list to close…right?  Commission fee or not — despite the availability of online resources and groups promoting the idea of selling FSBO — working with a
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