Ottawa Select Real Estate Blog

Buy or rent a home: Which is better financially?

Buy or rent a home: Which is better financially?

For generations, Canadians have been asking themselves this important question: ‘Is it better to buy a home or rent?’ On the one hand, owning comes with more responsibility and higher monthly expenses, but offers more stability and a ...

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October’s Resales Track a Traditional Cycle

October’s Resales Track a Traditional Cycle

Members of the Ottawa Real Estate Board sold 1,677 residential properties in October through the Board’s Multiple Listing Service® System, compared with 2,132 in October 2020, a decrease of 21 per cent. October’s sales included 1,263 ...

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How to get your home Halloween ready

How to get your home Halloween ready

No matter your age, Halloween can be one of the most playful, spirited (and spooky!) times of the year. It only occurs once every 365 days, so why not make the most of it and step into some festive fall fun?! We’ve rounded up five of our ...

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The homeowner’s checklist for fall

The homeowner’s checklist for fall

Before the cold weather sets in, make sure your home is winter-ready. Be sure to check these important tasks off your list.  Clear leaves and debris from your eavestroughs to avoid clogging Winterize landscaping and remove leaves your lawn, as ...

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A Normal September Resale Market

A Normal September Resale Market

Members of the Ottawa Real Estate Board sold 1,607 residential properties in September through the Board’s Multiple Listing Service® System, compared with 2,314 in September 2020, a decrease of 31 per cent. September’s sales ...

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Closed vs Open Variable Rate Mortgage

Closed vs Open Variable Rate Mortgage

With interest rates trending low, Variable Rate Mortgages (VRMs) have shown to be a tremendous money-saving option. And like Fixed Rate Mortgages, VRMs come with open and closed terms. An open VRM allows the borrower to pay off the mortgage at any ...

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Price Dropped-Is it a good deal?

Price Dropped-Is it a good deal?

It sure may look like one, but keep in mind, it's not about, "they came down 10k or even 50k." It's about, "Was the property priced right to begin with?" Some properties hit the market out of sync with the neighbourhood. As few people are interested ...

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Buyer Agreement-Why You Should Want One

Buyer Agreement-Why You Should Want One

Some Buyers might be wary of signing a Buyer Agency Agreement because they are concerned that the relationship might not work out. And they don't want to be stuck with a 'crummy agent.' That's understandable. Having a relationship with a Buyer Agent ...

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Cost planning now, reduces stress later

Cost planning now, reduces stress later

A detailed plan is key when buying your home. Let's get together and go over all the calculations now, so you're prepared at 'deal time.' Mortgage financing is just one component. Here are other expenses to keep in mind. Mortgage Loan Insurance ...

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The Resale Market Settles Back to a Typical August

The Resale Market Settles Back to a Typical August

Members of the Ottawa Real Estate Board sold 1,572 residential properties in August through the Board’s Multiple Listing Service® System, compared with 2,006 in August 2020, a decrease of 22 per cent. August’s sales included 1,175 in ...

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When is HST Applicable in a Real Estate Transaction

When is HST Applicable in a Real Estate Transaction

Generally, in Ontario, HST is applicable on the purchase of property in four instances: (a) where the property is residential property and is a new construction build or has been substantially renovated (b) where the property is a residential ...

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July’s Resale Market Stabilizes

July’s Resale Market Stabilizes

Members of the Ottawa Real Estate Board sold 1,724 residential properties in July through the Board’s Multiple Listing Service® System, compared with 2,183 in July 2020, a decrease of 21 per cent. July’s sales included 1,312 in the ...

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New mortgage stress test rules coming June

New mortgage stress test rules coming June

As of June 1st, Canadians seeking an uninsured mortgage – aka mortgages with a down payment of at least 20% – will need to pass a stricter stress test and prove they can afford payments at a higher qualifying rate. The Office of the ...

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How to get Pre-Approved for a Larger Mortgage

How to get Pre-Approved for a Larger Mortgage

House hunting is a funny thing – you can go in thinking you know exactly what kind of place you want, but then a home unexpectedly blows you out of the water! That’s a wonderful experience, but it can be a challenge to your budget. If ...

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