Recent News from Royal Lepage Team Realty

Ottawa’s Most “Luxurious” Neighboourhoods

Ottawa’s neighbourhoods are diverse and most offer something for everyone. If you are looking for luxury, it’s all around us with little pockets throughout the city. Large lot sizes in rural areas and even within the city allow for beautiful large custom homes and these opportunities are popping up everywhere! Below you will find a list of some of Ottawa’s most “luxurious” neighbourhoods but it’s also important to remember that just like there are luxury homes all over, there are more moderately priced opportunities to own in these neighbourhoods as well. Each of these neighbourhoods offer unique opportunities and homes. It’s important to work with your agent to ensure that you find the right property, no matter what you are looking for!

Rockcliffe Park

Close to the center of the city, Rockcliffe Park is one of Ottawa’s most prestigious neighbourhoods. The area is zoned as a Heritage Conservation District which will ensure that its charm is maintained for years to come. The community is made up of primarily large and affluant 19th Century residences on large properties. The area is also home to a variety of political residences including the Governor General’s residence and Stornoway, the residence for the leader of the opposition. In 2016, the population of Rockcliffe Park was 1932 people and the benchmark price for a single family home in August 2017 was just over $1.5M.

Cedarhill Estate

Located directly adjacent to Barrhaven, Cedarhill is an enclave of stunning luxury homes in Ottawa’s west end. It is comprised of approximately 100 custom built homes, all sitting on 1 acre lots and it was established in 1979. The area has a strong community association who ensure community flower beds and common areas are maintained. Homes in this neighbourhood can be some of the priciest in the entire city!

Manotick 

Manotick is a larger community of almost 5000 people located in the city’s south-west end. Property values are high in comparison to other parts of the city but there are a variety of options outside of the luxury market as well. Manotick is home to some of the city’s most stunning luxury homes, specifically along the Rideau River. With a combination of large old historical homes and new modern mansions, there is something for everyone.

Westboro

Up until the turn of the century, Westboro was largely an industrial neighbourhood but given it’s proximity to the city’s core and the significant gentrification that has occurred, Westboro has become a hub for luxury and style. With high end boutiques, new condos, and trendy restaurants now lining Richmond Road, Westboro homes have seen a significant increase in value. Most homes in the area were built between 1900 and 1970 but more and more infill properties are popping up as the lot sizes can be large in some parts of this area. 71% of the houses are detached. With a total population of over 22,000, this area continues to grow year over year!

These are just a few of some of Ottawa’s more luxurious areas but there are lots of opportunities for luxury in most areas of the city. To see what’s available in your area, contact a Realtor today!

The post Ottawa’s Most “Luxurious” Neighboourhoods appeared first on Team Realty.

Coolest Luxury Upgrades (and what they cost!)

Luxury homes offer just that – luxury – and many of them feature a variety of amenities to make life easier and add convenience. Here are the top 10 sought-after amenities for luxury homes compiled from interviews with Royal LePage agents across the country. Just in case you’re interested in upgrading your current home, estimated costs for each item is also included.

Car Lifts and Indoor Car Washes

Estimated Cost – Car Lift – $2,500 to $6,000

Indoor Car Wash – $30,000+

If you have a luxury home, it only makes sense to have space to park your luxury cars. If space is limited, car lifts add capacity and an indoor car wash will ensure that your vehicles always look clean and shiny. 

Walk-in Refrigerators

Estimated Cost – $7,000 to $20,000

Let’s face it, we could all use a little more fridge space. A large kitchen with plenty of storage is a must for any luxury home but a walk-in fridge adds something extra special to appeal to the luxury home buyer. 

Spas, Gyms, and Yoga and Pilates Studios

Estimated Cost – $50,000+

This is not your standard home gym! A spa, massage rooms, and high end equipment ensure the ultimate fitness and relaxation experience right at home.

Wine Cellars and Tasting Rooms

Estimated Cost – $60,000 – $150,000

Exquisite taste and luxury go hand in hand and the same is true for wine. Some homes feature individual cellars for red and white wines, tasting rooms, and custom designed cabinet to provide optimal conditions for enjoying, storing, and aging fine wines.

Concierge Services

Estimated Cost – $50-$75 per hour

To ensure that everything is taken care of in the home, a concierge service is just the thing for those who have the money to outsource time and energy consuming tasks. A concierge service will manage your domestic affairs, take care of the chores and errands, and even offer assistance.

Custom Theatres & Media Rooms

Estimated Cost – $50,000+

Take your TV, streaming, and movie viewing up a notch with lavish leather reclining seats, theatre sized screens, surround sound or even movie theatre style seating. All you need is the popcorn!

Wrapping & Sewing Rooms

Estimated Cost – $5,000+

Wrapping and sewing are both projects that require a little bit of space. Instead of clearing space at the dining room table, assign a room and put in optimal furniture and equipment to ensure that you have the space you need in a quiet and inspirational place.

Structure Wiring and Security

Estimated Cost – $25,000+

“Smart wiring enables smart living.” By integrating home theatres, audio systems, communications, lighting, heating systems, appliances, and security systems, it is possible to control an entire home from your computer or smart phone. You will never be left wondering if you locked the door after you leave home, as you can always just check on your phone.

Home Elevators

Estimated Cost – $30,000 for equipment and installation; renovation costs, if needed, are extra

While elevators may be a necessity for some people, they are certainly a convenience for all. They take luxury to a whole new level, literally.

Heated Driveways

Estimated Cost – $5,000 for a 600 square foot driveway + installation

In Ottawa we get some pretty miserable winters. To make shovelling snow easier, or not even necessary, consider adding a heated driveway. With the flick of a switch, watch that white stuff melt away!

Whether you’re in the market to purchase a luxury home or just like to dream, these are some of the most unique and sought after amenities in luxury properties in Canada. Did we miss any? We’d love to hear what you think!

The post Coolest Luxury Upgrades (and what they cost!) appeared first on Team Realty.

What is Carriage Trade?

You may have heard the name “Carriage Trade” tossed around but what does it mean? If you are looking to purchase or sell a luxury property, the Carriage Trade designation by Royal LePage will ensure that your property gets the right exposure to the right people or will aid in your search by seamlessly providing you with a curated list of the market’s most exclusive properties. This is an exclusive service offered by Royal LePage to market distinguished homes in Canada to discerning buyers from around the world!

Will Your Home Qualify for the Carriage Trade Program?

Homes that are featured through the Carriage Trade program, must meet a specific set of criteria that our agents carefully assess. Depending on the market, these factors can vary as luxury in one city may come at a different price than another.  Here are some of the key factors to consider:

  • Prestige of the Neighbourhood – Some neighbourhoods are more sought after than others for luxury properties and this ultimately drives up home values as well. In Ottawa, these neighbourhoods include Rockcliffe Park, Manotick, The Glebe, and Cedarhill Estates among others.
  • Uniqueness of Amenities and Features – Luxury homes are generally not about fitting a mold, and the more unique the better! This can include elevators, car lifts, and even heated driveways!
  • Desirability of Landscape and Design – Your luxury property will need to look the part both inside and out!
  • Noteworthy history – sometimes the value of a home can be driven up by the historical significance of the property.
  • Property Value – This one is largely driven by the previous 4 factors but it is a key deciding factor on whether or not a property will be included on Carriage Trade.

Marketing Benefits of the Carriage Trade Designation

If you are selling a luxury property, you want to ensure that your property gets the right exposure to the right people. The Carriage Trade program offers exclusive marketing tools designed to increase your home’s appeal and exposure:

  • Your listing featured on Canada’s premier online destination for luxury property listings.
  • The unique Carriage Trade sign that is known across the country as the branding for prestige and luxury.
  • Brochures, feature sheets, and marketing materials unique to the luxury market.
  • A carefully designed marketing plan, including potential exposure in some of North America’s finest luxury home advertising media!

Whether you are looking to buy or sell luxury real estate, it only makes sense to take advantage of the exclusive to Royal LePage Carriage Trade Luxury Properties Program. To chat with one of our agents, contact us today!

The post What is Carriage Trade? appeared first on Team Realty.

Ottawa Real Estate Market update: August 2019

Ottawa Real Estate Market update: August 2019 (September 5, 2019) 

If you’ve been following the Ottawa Real Estate market it probably won’t come as a surprise that both unit sales and prices were up last month, in spite of continuing issues with low supply. Heading into the fall months we don’t see any signs of our fast paced market slowing down. If you have any questions, we’re always here to chat!

Market Highlights:

Number of Sales: 

  • Total properties sold 1,731  compared with 1,581 in August 2018, an increase of 9.5 per cent.
  •  1,300 in the residential-property class, up 9.7 per cent over August 2018
  • 431 in the condominium-property category, up 8.8 per cent from August 2018.

“August’s ten percent increase in unit sales from 2018 is over twice the percentage increase experienced last year and three times higher than the previous August,” reports the Ottawa Real Estate Board President. “However, although the numbers are up, Ottawa continues to undergo issues with inventory as the limited supply persists.”

Average Price: 

  • Condominium $308,781, an increase of 11.5 per cent over August 2018
  • Residential-class property $484,921, an increase of 11.8 per cent over August 2018
  • Year to date figures show an 8.4 per cent and 7.9 per cent increase in average sale prices for residential and condominiums respectively.

“Year to date average prices, which are more reliable indicators than monthly average prices, show steady, reasonable, and sustainable increases. We don’t anticipate there will be a major correction in the foreseeable future,” Delahunt maintains.

Most active price points

RESIDENTIAL:

  • $350,000 to $499,999 price range was the most prevalent price point in the residential market, accounting for 42 per cent
  • $500,000 to $749,999 price range was the second most prevalent price point accounting for 27 per cent of residential sales

CONDO

  • $250,000-$399,999 was he most active price point in the condominium market accounting for 50 per cent of the units sold.

*While these statistics can can be useful in establishing trends over time they should not be used as an indicator that specific properties have increased or decreased in value. The calculation of the average sale price is based on the total dollar volume of all properties sold. Price and conditions will vary from neighbourhood to neighbourhood.  If you are looking for specific property or neighbourhood information please reach out to us.  We have market reports available in your neighbourhood!  Email info@teamrealty.ca or contact your Royal LePage Sales Representative! 

The post Ottawa Real Estate Market update: August 2019 appeared first on Team Realty.

Find Sold Prices Online!

At Royal LePage Team Realty, we are thrilled to announce that we are the first major brokerage in Ottawa to offer a Virtual Office Website where users can now have access to more information than was ever possible before. With a simple click, anyone with an email address will now be able to access sold prices and other information on listings that have already sold. As a brokerage, we believe in transparency and we are excited to provide this tool to our clients to aid in their real estate journey. Take some time to do some research, but when you’re ready, give us a call; as a full service brokerage with over 550 professional sales representatives, we’ve got your covered every step of the way. We work diligently to protect your interests & equity beyond the sale.

Why Wasn’t This Information Always Available?

In late 2018, the resolution of a long legal battle involving the Toronto Real Estate board by the Supreme Court, changed the rules. For privacy reasons, previously this information would have to come directly from a real estate professional and could not be found online. The courts found this practice to be anti-competitive and here we are today; your ability to make informed and educated real estate decisions has never been easier.

How Does It Work?

The process is simple and quick; with a few easy clicks, you will have access to sold information from the comfort of your own home. All you need to do is visit www.findottawarealestate.ca and provide an email address. Once this address is verified, you will have access to the sold database. Why do you need to “sign in” and what will happen to that information? Current legislation requires that we verify that the user is a real person and therefore an email address verification allows that proof. And not to worry! You will not be bombarded with marketing emails and calls, just please make sure to indicate on the form if you would like someone to reach out to you.

What Can I Find on www.findottawarealestate.ca?

As a preferred client, when you login to www.findottawarealestate.ca you will have access to both current listings as well as sold data for recent listings (this includes sold price, listings details, and the number of days the property spent on the market). So whether you are just curious or are looking to do some serious research yourself on the real estate market, this is a very useful tool.

What Can I Do With this Website?

We recognize that more and more people are starting their real estate searches from the comfort of their own homes. With more and more resources available online, it is now easier than ever to at least start the process on your own. But it is important to remember that you can’t replace the value that is provided by a full service Realtor with an online database. Whether you are buying or selling, it always pays to have a Realtor in your corner.

The post Find Sold Prices Online! appeared first on Team Realty.

Beyond the Sign: Price It Right

When a home is listed, it needs to be at the right price in order to ensure that you get what you deserve for your home. There are a lot of factors that go into pricing a home and your Royal LePage Team Realty agent will help guide you through the process to ensure a positive outcome. Ultimately, the listing price is your decision, but trust your agent; they know what they are doing!

What’s in a Price?

When it comes to listing a home, the price can be everything. Pricing a home too low may mean that the sellers may not get top dollar and pricing a home too high may deter buyers. It’s so important to have a home priced right, the moment it hits the market.

What Goes Into Pricing a Home?

Your Royal LePage Team Realty agent will use a variety of factors to help guide you to the perfect listing price for your home. These factors include:

  • Recent sold data, houses that are currently on the market, and even those listings that were cancelled or expired in your neighbourhood. And remember, just because 2 homes may look the same on the outside, doesn’t mean that they are worth the same; there are a lot of factors including upgrades and maintenance that go into pricing a home.
  • Market trends for your area and the entire city. It is important to compare the data to the market trends. Our real estate market in Ottawa is constantly changing and pricing can vary from year to year. An important trend right now is multiple offers and this can affect listing price as it is important that the price allow room for offers.
  • The condition of your home. It can be hard to objectively look at our own home to determine the value. Where you may see beautiful memories, someone else may see something that needs to be replaced. Your agent will be able to give an unbiased opinion when it comes to the value of your home.
  • Knowledge and Experience. A real estate agent works in this market every day and their practical experience in your neighbourhood can outweigh any stats or trends.
  • Combine everything together to create a CMA (Comparative Market Analysis) of your home. Using all these factors, your agent will create a CMA that will predict what your home is worth.

If you want to know what your home is worth, contact us today! We would love to come visit your home and provide you with a free home evaluation.

 

The post Beyond the Sign: Price It Right appeared first on Team Realty.

Beyond the Sign: Knowledge

You wouldn’t get your car fixed by anyone other than a mechanic and you definitely wouldn’t let anyone other than a doctor perform a medical procedure on you but would you consider buying or selling a home without an expert in your corner? Buying or selling a home is likely one of the biggest transactions of your life so it’s important to ensure that you have someone there to ensure that you and your assets are protected. A Royal LePage Team Realty agent is an expert in their field and they will ensure that every part of your transaction goes smoothly from start to finish.

Access to Information

Your Realtor® has access to information that is not available to the general public. There are lots of important factors to consider when pricing a home or deciding on the amount for an offer and your Royal LePage Team Realty agent knows how to decipher all of them to ensure that you get top dollar or don’t over pay. These factors include market trends in your neighbourhood including sold prices, homes currently listed, and even those that didn’t sell. By combining these factors, our agents will ensure that you get to the right number.

Ongoing Training

Professional development is very important to us at Royal LePage Team Realty and we offer a wide variety of training opportunities to our team to ensure that they are up to date on everything from writing offers to marketing. We have a training and mentorship team available to all agents and we offer programs for agents of all levels. The real estate licensing program is thorough but the learning doesn’t end there; it’s important to gain practical and timely knowledge throughout an entire career.

Non-Competing Managers

Our managers at Royal LePage Team Realty are non-competing meaning that they are not working their own transactions. This means that their priority is to assist our agents (and ultimately you, the client) whenever it is needed. Our managers bring a wealth of knowledge and experience to their roles and it is only beneficial to you to have additional experts in your corner!

Experts in Negotiation

Our Royal LePage Team Realty agents are all experts in negotiation. They guide their clients on a daily basis through offers and counter offers to ensure that their assets are protected. Real estate negotiation is a bit of an art form and we offer ongoing training and mentoring to ensure that our agents have the knowledge and understanding to take care of your needs and ensure that you walk away with the best possible outcome after buying or selling a home.

Whether you are looking to buy or sell, we would love to share our knowledge with you. We take great pride in this and we would love to tell you about it. Contact us today and let’s set up a meeting to chat!

The post Beyond the Sign: Knowledge appeared first on Team Realty.

Beyond the Sign: Marketing

There is a lot more to selling a home than putting a sign on the front lawn. A sign on the lawn is definitely a great marketing tool but the reach is limited. Did you know that your Royal LePage Team Realty Realtor® is able to leverage a variety of marketing strategies and tools to ensure that your home is put in front of as many potential buyers as possible to ensure that the right buyer is found in the least amount of time? This month we will be looking at the behind the scenes of real estate so let’s start by looking at the variety of marketing tools your Realtor will use to sell your home!

Professional Photography

Before your home hits the market, your Realtor® will arrange for professional photography of the property. This is done at the Realtor’s® expense and at no extra cost to you. More and more buyers are doing a large portion of their home search online and you want to make sure that you are putting your best foot forward. Professional photographs can make a huge difference on any listing and can ensure that your home is seen in the best light.

Your Listing on MLS

As Realtors®, Royal LePage Team Realty agents are able to put all listings on MLS® (the Multiple Listing Service). They spend time ensuring that the listing is complete and these listings appear in a variety of places including Realtor.ca, TeamRealty.ca, Third Party Sites, and other Realtor’s® websites through a feed. Due to this exposure, it is easy for home buyers to search online and find your home. Also, if a buyer is working with a Realtor® themselves, they are likely to receive listings that meet their search criteria in their email inbox as well.

Digital Marketing 

Yes it’s true that anyone can promote a listing on social media, but if they don’t have a significant following for their business, the promotion will likely not go very far. Royal LePage Team Realty agents are professionals when it comes to this. They likely have a large following and your listing will be seen by a large number of people. At a brokerage level, we provide our agents with additional digital marketing opportunities to promote open houses while leveraging our large following to obtain maximum results. We also provide free training to our agents on a regular basis to ensure that they are up to date on all the trends and changes that occur with digital marketing.

Large Database Marketing

Your Royal LePage Team Realty agent may already have a buyer for your home in their database. Our agents work hard with both buyers and sellers and through this process have a large database of people at their disposal. You will likely never know the extent or the effectiveness of this type of marketing but your Royal LePage Team Realty agent’s network may lead to the sale of your home.

A Brand You Can Trust

The Royal LePage brand is one that is known to all Canadians and the recognizable logo on branding is an asset to any home seller. Whether it’s the sign on the lawn, a social media graphic, or a feature sheet, the Royal LePage brand stands out as a reputable company that Canadians can trust.

Get Your Listing in Front of As Many Buyers As Possible

As you can see, your Royal LePage Team Realty agent will ensure that your home is seen by as many potential buyers as possible to ensure that your home sells in a timely manner for the right price. Stay tuned this month to find out more about the amazing things that your Realtor® does for you to ensure that you are taken care of, whether buying or selling! If you’re thinking of selling and want top level marketing in your corner, contact us today! We’d love to chat!

 

The post Beyond the Sign: Marketing appeared first on Team Realty.

Real Estate Market Snapshot: Hot Market in a Scorching July

The Ottawa Real Estate Board recorded the highest number of July sales in 15 years!

Real Estate Market Trends and Highlights July 2019

  • 1,842 residential properties sold on MLS® in July 2019, compared with 1,605 in July 2018, an increase of 14.8 per cent.
  • 1,382 in the residential-property class, up 12.3 per cent from a year ago
  • 460 in the condominium-property category, a rise of 23 per cent from July 2018.
  • The five-year average for July unit sales is 1,579.
  • July’s average sale price for a condominium-class property was $299,665, an increase of 6.8 per cent from last year
  • The average sale price of a residential-class property was $487,308, an increase of 10.4 per cent from a year ago.*
  • The $350,000 to $499,999 price range was the most prevalent price point in the residential market, accounting for 42 per cent of July’s transactions while 28 per cent of residential sales were in the $500,000 to $749,999 range.
  • The most active price point in the condominium market, $225,000-$349,999, accounts for 52 per cent of the units sold.

“Typically, after the busy spring, July tends to be a slower month as people take vacations and spend more time with their families, but there was no slow down this past month,” President of the Ottawa Real Estate Board. “In fact, we recorded the highest number of July sales in 15 years. Also, for the first time in 2019, there was an upsurge in new listings which has slightly improved housing inventory. Although this is encouraging news, it is not enough to keep up with demand. In order to bring about a more balanced market, there needs to be at least a three-month supply of listings. Currently, Ottawa is closer to a one-month supply. In this type of market, it is vital that Sellers utilize the experience and advice of a REALTOR® to maximize your property’s potential — and if you are a Buyer, to guide you through the complexities this intricate market presents.”

 Market statistics including the average sale price 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 calculation of the average sale price is based on the total dollar volume of all properties sold. Price and conditions will vary from neighbourhood to neighbourhood.  If you would like information on particular market trends, real estate values and more, please contact us! We would be more than happy to answer any of your real estate questions, info@teamrealty.ca

The post Real Estate Market Snapshot: Hot Market in a Scorching July appeared first on Team Realty.

What’s in a Name? A Street Name That is….

Where did Ottawa’s Bank Street get its name? It’s not likely what you think!

Have you ever gone for a walk around your neighbourhood and stopped to think where the street names may have come from? In Ottawa alone, there are almost 10,000 unique names for streets and this number grows almost every day! Street names come from a variety of sources and can have significant meaning or none at all. Let’s take a closer look.

Different Conventions

Before we get into the actual names, let’s look at the different types and what these conventions can tell you:

Road: Simply defined as anything that connects two points. 

Street: A public road that has buildings on both sides of it.

Avenue: The same as a street except that they run perpendicular to streets.

Boulevard: A wide city street that often features vegetation on either side or a median.

Lane: The opposite of a boulevard, a lane is a narrow road.

Way: A small side street off a road.

Drive: A long and winding road that has had its route shaped by its environment.

Terrace: A street that follows the top of a slope.

Place: A road or street that has no throughway – or leads to a dead end.

Court: A road or street that ends in a cul de sac or circle.

Crescent: A road that takes the shape of a crescent moon or a “C”.

Who Names a Street?

There are many people involved in the naming of streets. Developers play a large role in coming up with names but the City have the final say. There are many factors to consider when naming a street but the most important is whether the name is already in use in the city, or if it is too close (phonetically) to another name. This is very important for emergency services to be able to dispatch fire, police, and ambulance services in an emergency to the correct address.

Inspiration

The inspiration for names can come from a variety of sources including history, celebrities, the geography of the area, nature, and even pop culture. Some neighbourhoods have themes as well where all streets must match within set guidelines. For example, there is a neighbourhood in the west end that features yoga terms as street names (eg. Plank street and Warrior Street).

History: History can be used in a variety of ways when it comes to naming roads. Whether it’s a historical figure or event, there are a variety of street names around town that are named in a memorial to our history. 

  • Terry Fox Drive in Kanata honours the great Terry Fox and his Marathon of Hope. 
  • Laurier Street in downtown Ottawa is named in honour of Prime Minister Sir Wilfred Laurier.

Celebrities: There are many celebrities (from Ottawa and not) represented in street names around town. Some have strong ties to the area and others just happened to be popular at the time of development.

  • Paul Anka Drive was named in the early 70’s for the chart topping crooner.
  • Shatner Gate in Katimavik honours the actor William Shatner.
  • Elvis Lives Lane is definitely one of the most unique and needs no explanation.

Geography: Many local streets were named for the geography that surrounds them.

  • Bank Street, often misattributed to being named for the Bank of Canada, was named long before that institution was built, likely because it runs along the riverbank.
  • Jockvale Road in Barrhaven was named for its proximity to the Jock River.

Nature: By far the most common category of street names in any city, there are many roads in Ottawa that are named for trees, birds, or animals.

Pop Culture: There are many unique nods to pop culture that can be found around the city. Whether a street is named after popular fictional characters or places, they are certainly conversation starters.

  • Mulder Avenue and Scully Way meet in Orleans in a nod to the X-Files.
  • Bonnie Crescent is intersected by Clyde Avenue in the West End, presumably in reference to the infamous American criminal couple.
  • Game of Thrones fans may choose to live on one of a couple of streets that have been named after the popular show: Winterfell Lane in the East end or King’s Landing Private downtown.

Want to Have Your Say?

Do you have a great idea for a street name? Perhaps it’s the name of someone who was important in your community or an important element of our culture that should be reflected. Either way, the City of Ottawa are always looking for suggestions. Fill out a simple form, and you never know, you may see your idea one day up on a sign!

Own a Piece of History

Street signs get replaced for a variety of reasons (renaming, new designs etc.) and the City of Ottawa have made the old signs available for purchase. Their database is always changing so it is important to check back frequently but this is a great way to own a piece of history!

The post What’s in a Name? A Street Name That is…. appeared first on Team Realty.

O Canada – Bring Some Canadian Style Home

Every July, Canadian’s come together to celebrate our amazing country but now that the fireworks are over, you can show your Canadian pride at home. There are many options for decor that is truly Canadian; whether it’s iconic and historic brands or patterns and imagery, there is something for everyone when it comes to Canadian style at home. Here are some examples:

Hudson’s Bay Stripes

The symbol of the iconic Canadian department has become very trendy in recent years and now there are a variety of items adorned with the famous stripes. The most famous is of course the blankets but there are other smaller and more budget friendly pieces available as well. 

Bring the Outdoors In

Canadian style can sometimes be a bit rustic and you want to bring elements of the Great White North Indoors. Live Edge furniture is a great option to bring a more natural feeling to wood furniture. You could also consider decorating with items from outdoor activities such as snowshoes and canoe paddles. Another great way to bring the outdoors in is to incorporate imagery and artwork of animals that are native to the great white north. Moose head designs are very popular and come in a variety of colours and styles.

Group of Seven Artwork

No Canadian living room is complete without a “Group of Seven” print. This famous group of painters created countless works of Canadian scenery. And don’t worry, you don’t need to break the bank on an original, there are many options to purchase reproduction prints at a fraction of the cost.

Plaid

Canada can be a cold place so we certainly love our flannels and plaids. Try incorporating some red and black plaid in throw pillows, bed spreads, tablecloths and more. It doesn’t get any more Canadian than this! These styles will bring warmth to any space and work well with a rustic and natural design.

Muskoka Chairs and Patio Lanterns

Your Canadian style can spread to your outdoor spaces in the summertime too. No Canadian patio is complete without a couple of Muskoka chairs and some patio lanterns (not actually Canadian, but made popular here by the famous Kim Mitchell song of the same name). Spend your evenings outside in a comfortable and truly Canadian space.

Canadian style can mean a lot of things but every aspect involves incorporating nature in your decor. We live in a beautiful and green country and it is important to celebrate this. What is your favourite Canadian style trend?

The post O Canada – Bring Some Canadian Style Home appeared first on Team Realty.

Market Snapshot: June 2019 Ottawa Real Estate update

Condo Sales Continue to Dominate Resale Market | Ottawa Residential Average Sale Price Climbs over $500K for the first time ever

If you would like detailed information about specific properties, neighbourhoods and Ottawa Real Estate Market trends we would love to help! Contact us anytime at info@teamrealty.ca.

July 4, 2019 from the Ottawa Real Estate Board’s latest News Release

Members of the Ottawa Real Estate Board sold 2,105 residential properties in June through the Board’s Multiple Listing Service® System, compared with 2,064 in June 2018, an increase of 2 per cent.

June’s sales included 1,612 in the residential-property class, on par with a year ago, and 493 in the condominium-property class, a rise of 8.8% from June 2018. The five-year average for June unit sales is 2,002.

Condo resales are the driving force for the rise in units sold in the first half of 2019. “Combined residential and condo year to date sales of 9,876 show a 1.8 per cent increase from June 2018,” – OREB President.

Average sale price for a condominium-class property was $308,482, up of 6.2%

Average sale price of a residential-class property was $500,716, an increase of 11.4% over June 2018

In the past decade, we have seen an approximate 52% increase in average prices for residential properties and 34% for condominiums, indeed an excellent return on investment for homeowners,” states the Ottawa Real Estate Board President. “With a population reaching one million residents according to the City of Ottawa, we truly enjoy a high quality of living and remain one of Canada’s most affordable major cities – that’s no small feat.”

MOST POPULAR PRICE POINTS:

RESIDENTIAL:

$350,000 to $499,999 accounted for 43% of June’s transactions
$500,000 to $749,999 accounted for 29% of residential sales

CONDOMINIUM

$225,000-$349,999, accounted for 55% of units sold.

“Some areas of the city are experiencing multiple offers, and the competition for well-priced and positioned properties is brisk. Even though 39% of properties this month sold above the asking price, the vast majority of properties are still being sold at or below the listed price,” OREB president “A professional REALTOR’S® market knowledge and neighbourhood expertise are invaluable whether you are a buyer or a seller,” he maintains.

* The Board cautions that the average sale price 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 calculation of the average sale price is based on the total dollar volume of all properties sold. Price and conditions will vary from neighbourhood to neighbourhood.

The post Market Snapshot: June 2019 Ottawa Real Estate update appeared first on Team Realty.

Canadianisms Around the Home

On Canada Day, we must take a moment to think about what makes us truly Canadian. Put on your thinking toque, grab a caesar, double-double, or pop, while we consider some of those truly Canadian terms that we use around the home almost every day. But fear not, there’s no need to cause a kerfuffle; all Canucks will know what you mean, eh? 

Eavestrough: Did you know that most of the World refers to these as gutters? Eavestrough is a 100% Canadian term. We wonder if this applies to the term “eavestroughing” for listening in on someone’s conversation?

Hydro: Referring to the fact that some of our power comes from hydro electricity, the term hydro has become the standard term for electricity. Whether it’s paying the hydro bill or the names of many of our utility companies, the term has certainly stuck.

Bachelor Apartment: Much of Canada refer to a one room apartment as a bachelor, likely because theses spaces are ideal for one person. Did you know that outside of Canada, these spaces are usually called studios?

Tap: Make sure to turn the tap off! If you say that outside of Canada, you may get some funny looks; try “faucet” instead!

Bungalow: The term bungalow can mean different things depending on where you are. In Canadian real estate, a bungalow is a single story abode but in the United States, this term can include 1.5 story homes as well.

Humidex: As the humidity rises in the air on a hot summer’s day, many Canadians use the humidex as a determining factor for whether or not to turn on the air conditioning. Although, humidity factors are not just a Canadian thing, the term “humidex” certainly is.

Postal Code: Our six digit combination of letters and numbers allows Canada Post to know where to deliver our mail. In the United States, they use “zip codes” and in Britain they use “postcodes”.

Garburator: Although less common as they are actually not allowed in Ottawa, a garburator is a garbage disposal system built into the sink drain. Outside of Canada, they are usually referred to as “garbage disposals”.

Robertson Screwdriver: Named for its Canadian inventor, the Roberton Screwdriver fits the screws with the square holes. Due to a dispute with Henry Ford, outside of Canada, it is simply referred to as a “square head screwdriver”.

Housecoat: This pyjama item is usually worn over pyjamas around the house. Outside of Canada, it is usually referred to as a “robe” or “bathrobe”.

Chesterfield: The Barenaked Ladies may have brought this term to the world in their hit song “If I had a Million Dollars”, but this is widely considered a Canadian term. Although not widely used, it refers to a couch or sofa.

We would like to wish everyone a very Happy Canada Day! What are some of your favourite Canadianisms?

The post Canadianisms Around the Home appeared first on Team Realty.

Ottawa’s Eco-Friendly Communities to Watch

While lots of work is being done at all levels to ensure that the City of Ottawa as a whole is as eco-friendly as possible, there are a few communities that are leading the way. Everyone can make a difference, no matter where you live, but these neighbourhoods were designed with the environment in mind. Each is different but all are making a big impact.

Greystone Village

Located just minutes from the downtown core in both a scenic and historic setting, Greystone Village is Ottawa’s only public LEED-ND candidate community. LEED certification is given to projects that meet strict guidelines for environmentally friendly initiatives and this has been the focus of the design of this new community. Priorities for Greystone Village include community amenities and connectivity, walkability and sustainable energy; this mixed-use community will provide everything within walking distance and includes incredible green spaces as well. With a variety of housing options including singles, towns, and condos, Greystone Village promises something for everyone.

Zibi

“The most sustainable community in Canada”, Zibi will adhere to all 10 principles of the world-class One Planet Living framework. Located on islands in the Ottawa River, Zibi will develop the region’s first zero-carbon district, prioritize waste prevention, promotes sustainable transportation, food production, and water, will use sustainable building materials in construction, and the list of environmentally friendly features goes on from there. Currently in the early construction phase, this area will one day be home to over 5000 people and over 6000 jobs.

Ottawa Community Housing  – Eco2 Plan

Ottawa Community Housing, through their Eco2 plan,  has taken a focus on sustainability and the green practices they have implemented have had many benefits including reducing utility costs, reducing and diverting waste, enhancing the aesthetics, improving health, conserving energy and reducing greenhouse gas emissions. They are a great example of simple retrofit concepts and the results have been outstanding. Last year, $7M was saved by incorporating solar panels and 1.6M cubic metres of water was saved through different initiatives (enough to fill the Rideau Canal and Dow’s Lake, 4 times!) It goes to show that you don’t need to buy into a brand new “eco-friendly” community to make an impact.

Choosing to live a greener lifestyle is something that we should all consider and overall Ottawa is doing a great job at this with a constant focus on sustainability. It’s possible to make a difference, even on a small scale; what are you doing in your household?

The post Ottawa’s Eco-Friendly Communities to Watch appeared first on Team Realty.

Little Ways to Make a Difference

10 Tips for a More Eco-Friendly Home

Being eco-friendly doesn’t need to be hard or even expensive. There are little things that we can all do around the house that can have a significant impact on the environment. It doesn’t need to happen overnight but every step counts in the journey towards preserving our planet. Here are 10 simple things that you can do around your home to make a difference:

  1. Turn the thermostat down a degree or two in the winter, and up a degree or two in the summer; your energy consumption will go down as will your utility bills!
  2. Consider using natural products around the house instead of harsh chemicals. There is no need to spend extra cash on green products as there are natural solutions that you likely have around the home; vinegar and water make an excellent all-purpose cleaner and disinfectant.
  3. When it comes time to replace appliances, furnaces, air conditioners, and windows, make sure that the new ones are energy efficient. The difference on your utility bills will more than pay for the difference in cost.
  4. Grow your own vegetables in the summer months in the backyard. The closer your food is grown to your door, the better it is for the environment as it eliminates transportation pollution. Home grown veggies and fruits also taste better! If you have space, grow enough to preserve for year-round enjoyment.
  5. Recycle! This goes further than using the blue and black bins; try to reuse products before sending them away for city recycling. There are great ideas online for ways to repurpose or reuse almost anything!
  6. Compost. Whether you do it at home, or send it away in the green bin, keeping organic materials out of landfills is an important step to eco-friendly living! If you do it at home, you will be left with beautiful soil that is perfect for growing your veggies.
  7. Consider smart technology for your home. We are all busy and sometimes we forget to turn off the lights or adjust the thermostat. Take the human factor out of it by incorporating these devices in your home.
  8. Buy used furniture and decor. Everything that is purchased new means something else will likely end up in a landfill. When it comes time to buy furniture and decor for your home, check out used items as you never know what you might find. Retro is in!
  9. Try leaving the car behind and walking or cycling to where you need to go. If you are thinking of moving, consider a neighbourhood that allows for walking to get things done.
  10. Avoid single use plastics. Whether it’s water bottles, sandwich bags, or plastic wrap, all of these things end up in our landfills. Use items that are either biodegradable, reusable, or recyclable instead.

The post Little Ways to Make a Difference appeared first on Team Realty.