General

Neighbourhood vs. House

What’s more important: the neighbourhood you live in or the house you live in? I guess the easy answer is that it depends who is answering the question! The general rule of thumb (and I’m sure this is no big secret to anyone) is that if you want a larger and perhaps newer house for… Read More >>

April 2011 Ottawa Real Estate Board Market Stats

Average Home Prices in Ottawa From January 2005- April 2011 MLS Residential Sales Percentage Increase or Decrease over Previous Year Residential and Condominium Resale Activity From 1980-2010

April 2011 Ottawa Real Estate Board Market News

Unit sales 0f 1,536 was a decrease of 16.5% in April 2011 compared to April 2010 while the average sale price increased by 5% to $351,226. The number of new listings at 2,810 was 6.5% less than last April. As a result listing inventory grew by only 10% over March 2011.  Because sellers held off putting their properties on the… Read More >>

When You Find Yourself in Multiple Offers

The one thing to expect when you find yourself in competition for a property is not to expect a thing. By that, I don’t mean not to expect to get it, but rather not to expect to know how the competition will play out. One thing is for sure, it could be any one of many… Read More >>

Spring in Old Ottawa South

Canada’s Best Workplace

Performance Realty has ranked as one of Canada’s Best Workplaces for the 4th consecutive year and we are ranked 14th in Canada, and Top 5 in Canada in the Fairness Index, dealing with practices and policies that contribute to an overall sense of equity in being treated fairly! The competition was very tough again this year. Although we… Read More >>

March 2011 Ottawa Real Estate Board Market News

Members of the Ottawa Real Estate Board sold 1,232 residential properties in March through the Board’s Multiple Listing Service® system compared with 1,495 in March 2010, a decrease of 17.6 per cent. The five-year average for home sales in March is 1,256. Monthly News Release March 2011

Neighbourhood Crime Reports

Our handy tip of the day is a great tool on the Ottawa Police website: http://www.ottawapolice.ca/en/crime/crime-mapping-tool.asp Crime-mapping is a great way to see what is going on in your neighbourhood, or if you’re buying a home, in the neighbourhood you’re considering moving into. It’s simple to use, you just type in your address and the… Read More >>

Renovating with the market in mind

When renovating a home, it’s always important to have a good handle on what your home is worth before you start and what it will be worth, or at least should be worth, when the work is done. We often see people spending  too much money on their renovations and then when it comes time… Read More >>

February 2011 Ottawa Real Estate Board Market News

Unit sales were 9% lower this February compared to last year’s record high February.  The average sale price continues to rise and was at $338,408 in February and the average selling time dropped from 44 days in January to 33 days in February.  New listings coming on the market were up over January but were less than February 2010.  The listing… Read More >>

Fun Times at the Awards Gala

The Royal Lepage annual awards were presented at a gala evening at the Museum of Civilization on Feb. 18th. We were so proud to each receive the Diamond award for the third year in a row – that means top 3% of sales nationally. To achieve this level as individual agents (many recipients are teams… Read More >>

Domicile launching new development this week!

This week we were invited to a luncheon hosted by the owner of Domicile, John Doran. It was at the sales centre for their new urban condo development called HOM, which is located in the Dow’s Lake, Little Italy area.  What a great opportunity to view the model units and chat with the Domicile staff… Read More >>