The Royal Bank came up with a neat little calculator on their web site that will help first time buyers figure out how much home they can afford. If we assume you can not afford monthly payments more than you are already paying for rent, then it will give ...
[Read More] Both the Royal Bank and TD Bank lowered some interest rates after the Bank of Canada announced that it was leaving the prime interest rate at its historic low. The rate lowering is only one-fifth of a percentage point but still, you can now get a one year ...
[Read More] Heron Park, Ottawa - The bungalow at 2438 Clementine Boulevard has been sold. Property information
[Read More] Ottawa’s residential housing market is weeks away from posting its best year on record in terms of unit sales and average price. Despite a slower than usual start to the year, more than 15,500 homes are expected to change hands by year-end, up 11 ...
[Read More] Recently CMHC held a road show in Ottawa and several of their economists made presentations on the state of the housing market in Canada. Bob Dugan was first on the stage and stated that the Canadian economy will recover I 2010 growing by 2.3%. Mortgage ...
[Read More] If your furnace is more than 20 years old then it’s time to upgrade. Even though the old furnace is working well, it is far less efficient than the new furnaces available today. The expense you will be out of pocket today will be paid back over the ...
[Read More] Summary statistics compiled by the Ottawa Real Estate Board and presented in a recent press release make it very clear that Ottawa is still a strong Seller's market for residential Real Estate. A shortage of listings prevails. It is our thinking at ...
[Read More] Heron Park, Ottawa - We invite everyone to visit our open house at 2438 Clementine Boulevard on December 6 from 2:00 PM to 4:00 PM . Your host will be Bruce Brown, Real Estate Broker with Keller Williams Ottawa Realty. Property information
[Read More] About 8 years ago we declared quite loudly to any who were interested that Blackburn Hamlet was undervalued. Homes for sale in Beacon Hill and Chapel Hill on either side of Blackburn Hamlet were priced and selling for considerably more than Blackburn Hamlet, ...
[Read More] Heron Park, Ottawa - We invite everyone to visit our open house at 2438 Clementine Boulevard on November 29 from 2:00 PM to 4:00 PM . Your host is Paul Hargadon. Property information
[Read More] Step 8: Protect Your Investment You’ve closed; you’ve moved in; your exhausted – but you’re not finished! You have just made the biggest investment of your life and now you have to protect your investment for the long term. You ...
[Read More] Step 7: Close Your offer was accepted, you performed your due diligence, now what? Closing is the scariest part of buying a home. Yes you were pre-approved for your mortgage but now especially you have to stay in control of your credit and finances. Keep ...
[Read More] Step 6: Perform Due Diligence Just because you have fallen in love with a property is not a reason why you should buy it! Now is the time when reason has to take over from emotion. You’ll need to have a property inspection – which we insist ...
[Read More] Here's an update on the Real Estate Market in the Ottawa west end neighbourhood of Bel Air. For our purposes, we include areas 5401, 5403, 5405, and 5406 which are Bel Air Park, Bel Air Heights, and the two Copeland Park neighbourhoods. 5402 (Braemer ...
[Read More] Step 5: Make an Offer Congratulations! You’ve found the home that meets enough of your criteria, and is listed at a price you can afford. Best of all you like it! So, what’s a fair price for the home you love? There are three components of ...
[Read More] Step 4: Find Your Home OK, you’ve got over your fear, found an agent, and been pre-approved for a mortgage – now what do you do? Well the first thing is of course to sit down with your agent and more accurately pinpoint the features of the ...
[Read More] Step 3: Secure Financing How much can you afford? Lenders use fairly strict guidelines and formulas to dictate how much you can spend on your mortgage payments. Mortgage payments include Principal, interest, taxes and homeowners insurance. If you are financing ...
[Read More] Step 2: Hire Your Agent Above all else, a good real estate agent puts his clients first. There are seven main roles your real estate agent will perform and are as follows: 1. Educate you about the market. 2. Analyze your wants and needs. 3. Guide you to ...
[Read More] • 3 bath, 2 bdrm 2 story - MLS® $265,000 CAD Ottawa MLS Listing Overbrook, Ottawa - LOCATION, LOCATION! Walking distance to rideau Tennis Courts, Market, University of Ottawa, Transit, and Shopping. Interlock patio at private ground floor entrance. ...
[Read More] Step 1: Decide to Buy Why are you still renting? Think about it for a minute. If your reason for not buying that first home is FEAR, then it may be time to let go of fear and focus on what you can do to make it possible for you to buy that first home. ...
[Read More] We are thrilled that our excellent clients, Derek and Carole Hamilton, were featured in an article in the Ottawa Citizen on Saturday, November 14th. The article is available online at househunting.ca here . Thank you to Carole and Derek for allowing us ...
[Read More] This is an update on Real Estate market activity in the Alta Vista area year to date as of November 12, 2009. We include MLS areas that we consider to be relatively equivalent or uniform from the standpoint of actually living in the community. There is ...
[Read More] It looks like resale homes and condos in Ottawa will have increased in price by up to 3 percent in 2009. CMHC is predicting that the average price of a new single family home in Ottawa will go up 5.7% while the resale market will see prices of all classes ...
[Read More] The Royal Bank of Canada’s (RBC) Economic Research group recently updated its outlook on where Canadian mortgages are going. Since investment interest rates hit their all time low in January 2009 and since then rates have tended to trend higher with ...
[Read More] Interest rates have never been lower and so buying a home should be easy. Since all the smart money is telling us that interest rates have got to start rising soon, then there can be a sense of urgency to make that first home purchase as soon as possible. ...
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