Showing posts with label New Home Buying in Ottawa. Show all posts
Showing posts with label New Home Buying in Ottawa. Show all posts

Thursday, October 8, 2015

Best September on Record for Number of Ottawa Resales


Ottawa, October 5, 2015 - Members of the Ottawa Real Estate Board sold 1,244 residential properties in September through the Board’s Multiple Listing Service® System, compared with 1,131 in September 2014, an increase of 10 per cent. The five-year average for September sales is 1,137.
“Ottawa Real Estate Board members continued their active summer into a busy fall,” says David Oikle, President of the Ottawa Real Estate Board. “In fact this September marks the best September on record for the number of units sold in the Ottawa resale market. There was a possibility that the federal election campaign might affect the local real estate market, but this does not appear to have been the case thus far.” 



September’s sales included 221 in the condominium property class, and 1,023 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.


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Don't forget visit bennettpros.com for all your real estate needs!


Friday, September 25, 2015

A Great Evening for a Great Cause



RAISING HOPES & DREAMS
A SoHo inspired evening in support of the Dave Smith Youth Treatment Centre

Every year, more and more Ottawa youth from all walks of life fall victim to serious substance abuse.  Add these issues to the already challenging teenage years and you have some complex problems.  Left untreated, these issues can tear families apart, swallow potential and lead to a lifetime of addiction.  That’s where the Dave Smith Youth Treatment Centre comes into the picture. And the Centre has been supporting at risk youth and their families for over 20 years.
 
The evening was a great success! Patrons and sponsors had the opportunity to view the elegance of Soho Champagne one of Ottawa's hottest developments sold by the Bennett Property Shop Realty, whilst meeting and mingling with celebrities such as Dragon Dens' Mike Wekerle, designer Brian Gluckstein and the co-founder of Wahlburgers, Paul Wahlberg.

The DaveSmith Youth Treatment Centre is in the middle of the Dave’s Dream campaign.  Dave’s Dream is a fundraising campaign to support the construction of a new 30-bed youth residential treatment facility in rural west Ottawa. The new Dave Smith Youth Treatment Centre will merge 3 temporary and aging campuses into a centralized location, resulting in substantial operational savings while simultaneously permitting the expansion of much-needed addiction treatment supports and services.


In Ottawa over the last five years, the Bennett Property Shop Realty has sold the Soho Parkway, Soho Lisgar and Soho Champagne condominiums.  A shovel goes in the ground in December for Soho Italia on Preston Street.

The Bennett Property Shop Realty is very proud to have supported Raising Hopes and Dreams.  All proceeds from the evening were donated to Dave’s Dream. Here are a few pictures from the evening. The Bennett Property Shop Realty truly believes that investing and support today's youth will shape an amazing future for Ottawa. 

 Don't forget visit bennettpros.com for all your real estate needs!


Thursday, September 17, 2015

Strong summer performance for Ottawa's resale market

Members of the Ottawa Real Estate Board sold 1,279 residential properties in August through the Board’s Multiple Listing Service® System, compared with 1,200 in August 2014, an increase of 6.6 per cent. The five-year average for August sales is 1,234.
 
“Ottawa Real Estate Board members had a busy August, with units sold coming in higher than the five-year average and a healthy increase from last year’s sales,” says David Oikle, President of the Ottawa Real Estate Board. “In addition to an increase in units sold, inventory levels of residential and condominium properties dropped by 5.3 per cent since last month, and cumulative days on the market was an average of 89 days.”

August’s sales included 259 in the condominium property class, and 1,020 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.

The average sale price of a residential-class property sold in August in the Ottawa area was $379,946, a decrease of 0.1 per cent over August 2014. The average sale price for a condominium-class property was $244,801, a decrease of 7.3 per cent over August 2014. 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.

“It is important to note that the increase in units sold is for both residential and condominium properties,” says Oikle. “Also, we continue to see an increase in the number of condominium units sold in comparison to 2014, and the year-to-date condominium sales are now close to on par with last year.”
Don't forget visit www.bennettpros.com for all your real estate needs!

Tuesday, March 31, 2015

After the Move: Handling Warranty Issues during the First Year



From those first tentative steps towards purchasing a new home, you’ve come a long way! As you unpack your boxes, position your furniture and hang your artwork, you can feel this home becoming your own. You’re probably a little tired – but the exhilaration is enough to keep you going.
Ideally, this feeling is strengthened with the confidence that your home has been built to meet both building codes and your own exacting specifications. In most cases, when you’ve chosen your home builder after proper research, and completed a thorough pre-delivery inspection (PDI) as I discussed in my previous blogs, you can rest easy that things are as they should be.
Sometimes, however, items are missed during that initial inspection. When this happens, it’s important for you to understand the proper course of action to take. Ontario’s Tarion Warranty Program is structured to deal with homeowner complaints in a very specific manner; in order to take advantage of the program, it’s necessary that you fill out the appropriate forms and meet set deadlines. 

Details of the process are outlined in The Homeowner Information Package, provided by Tarion to all new home buyers. As much as I urge my clients to become familiar with this guide, the truth is that amid the flurry of your home search, purchase and move, it can be a lot of information to digest. Here are some major points to remember:
·       There are one year, two year and seven year warranties that apply to various aspects of your home.
·       If you discover a problem with your home within the first year of living there, you have two opportunities to file a warranty form. The 30-Day Form must be filed within 30 days of taking possession, while the Year-End Form must be filed within the last 30 days of the first year.
Naturally, it’s in your best interest to submit a report sooner rather than later, so I recommend paying particular attention to construction details during your first couple of weeks of occupancy. As well, some homeowners who missed the chance to hire a home inspector during the PDI may choose to do so prior to the end of the year for an added sense of security.
New home ownership isn’t without its responsibilities; but attention to detail now will pay off in the long run. Here’s to a wonderful first year!
Not buying a new home? Don't forget the Bennett Property Shop Realty offer the Bennett Home Service Warranty for all our buyers an sellers, this 1 YEAR WARRANTY pays to fix breakdowns in your home …. Instead of you using your hard-earned cash!! 
Visit www.bennettpros.com for all your real estate needs.

Monday, November 24, 2014

Moving Tips - The Challenges of Moving in Ottawa



Buying a new home in Ottawa is exciting. But, the process of packing up your belongings and moving from one home to another is usually less exciting. Moving can be stressful, but it doesn't have to be.

Real estate professional Marnie Bennett offers some tips on how to make your move to your new home as stress-free as possible.

Pick the Day Wisely
A lot of people choose to move on a weekend, particularly on a Saturday. While a weekend move makes sense, as you'll likely be off from work, it can actually be an inconvenient time to move. A lot of businesses, such as your bank or the post office, are closed on weekends or, if they are open, close early those days. If you have a last minute issue that requires urgent or personal attention, you likely won't be able to get to those businesses during a weekend.

It's also usually less expensive to move on a weekday than on a weekend. If you're using professional movers, they might charge you less to pack up and transport your possessions. If you're renting a van, you might pay a lower flat fee or less per-mile rate on the weekend.

Lists and Labels are Your Friend
If you have ever said "I must have lost it in the move," you have probably learned the hard way that creating a list of your possessions and labeling each box clearly can help you considerably. As you pack the items, record in a notebook or on a spreadsheet what goes into each box. Number the boxes and assign the numbers to each list. It’s also a good idea to write on the outside of the box the room in which the box is to be placed.

Give Yourself Plenty of Time
Even if you have a small home, you will want to give yourself a few weeks to pack up your items. Start packing items you use infrequently and start three or four weeks before the move. You don't want to leave everything for the day before, as things are likely to get lost or broken if you rush to pack.

Gather Supplies
When you're moving to your new Ottawa home, almost invariably you will need more packing supplies that you thought you would need. It is frustrating to run out of boxes or tape or newspaper (for wrapping fragile items) when you're in the midst of packing up a room. Moving supplies are available at an array of places. If you're on a budget, you can find moving boxes for free by asking politely at a liquor store or a supermarket. People who have recently moved will sometimes offer their boxes for free on Craigslist or other classified websites.

Trimming Your Possessions
Moving gives you a great opportunity to trim your clutter. You probably don't want to pay to haul items you'll likely never use again. As you pack, take the time to purge yourself and your new residence of items you don't need, such as toys your children have outgrown, books you know you won't read again, and broken objects which you will probably never get around to repairing. You can either donate or discard these items. What is really important though is that you don't bring junk into your new Ottawa home and start the clutter all over again.  Some folks simply leave what they don’t want behind – BUT this is neither a considerate, polite nor recommended course of action as how would you like it if someone left your new home filled with their old garbage?

Last Minute Packing
There are some things you will want to hold off on packing. Keep any important documents, such as your passport, closing documents, valuables and any personal papers with you while you move.

Visit www.bennettpros.com for all your real estate needs.

Thursday, September 4, 2014

Well-Prepared Residents Enter the Ottawa Market in Search of New Homes




The residents of Ottawa have taken the real estate market by storm. Ever since the beginning of the year, sales have been on the up. The increase in sales has led experts to believe that now residents are more knowledgeable about the property market in Ottawa than they ever were before. It seems as if this is the year of change.

Industry analyst Ron Desjardins, a vice-president at PMA, says that while there may not have been as many people looking for new homes in January, the ones who were, were ready to buy.

In previous years, the response was not so good but this year, the residents of Ottawa have come well prepared to the market. They are ready to spend the money to take up these opportunities.

Desjardins further added, “We saw a number of people make their buying decisions within a week of visiting a site,” he says, adding, “They had clearly done a lot of research. They’d been online and looking at stuff … but weren’t prepared to make the decision last fall.” This goes to show that people in Ottawa are now more knowledgeable about market conditions. They are better equipped to anticipate risks with regards to property prices.

This, however, is not the only factor that has led these residents to flood the property market. It is quite possible that relaxed interest rates on loans and better mortgage rates have turned people in this direction. If you compare the data from previous years, it is quite clear that this year, the residents of Ottawa can avail better opportunities.
                                                                                                                                 
The government’s incentive programs also play a role in encouraging people to buy new homes. The Canadian government is dedicated to helping citizens realize their goal of homeownership. The mortgage terms are also set in a manner that the average Canadian citizen can easily afford to pay these expenses.

Desjardin, in a later statement, added that, “I think that this trend will just continue through the year as more releases occur in the existing projects and new projects come to the market in the west.”

The experts seem very optimistic about real estate picking up once again in Ottawa and they see this as the beginning of a trend that could last for a long period of time. Single family homes are among the ones selling most in the market, followed by townhouses and condos.

Visit www.bennettpros.com for all your real estate needs.