Ottawa Select Real Estate Blog

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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March Resales Go Out Like a Lion

March Resales Go Out Like a Lion

Members of the Ottawa Real Estate Board sold 2,285 residential properties in March through the Board’s Multiple Listing Service® System, compared with 1,514 in March 2020, an increase of 51 per cent. March’s sales included 1,705 in ...

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February Resales Snapped up Quickly

February Resales Snapped up Quickly

Members of the Ottawa Real Estate Board sold 1,390 residential properties in February through the Board’s Multiple Listing Service® System, compared with 1,134 in February 2020, an increase of 23 per cent. February’s sales included ...

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8 Ways to Make Buyer Fall in Love with Your Home

8 Ways to Make Buyer Fall in Love with Your Home

8 Ways to Make Buyers Fall in Love with Your Home We all want people to love our home as much as we do, but especially when you are trying to sell it! While it’s impossible to please every buyers’ taste, there are several easy things you ...

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Ottawa’s Resale Market Thrives Despite Pandemic

Ottawa’s Resale Market Thrives Despite Pandemic

OTTAWA, January 6, 2021 - Members of the Ottawa Real Estate Board (OREB) sold 1,002 residential properties in December through the Board’s Multiple Listing Service® System, compared with 757 in December 2019, an increase of 32.4 per ...

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