New Proposed Tax Could Shake Up Ottawa Housing Market
The housing market in Ottawa could be subject to drastic change with the proposed tax on vacant homes. Enacting this tax will essentially make builders and homeowners pay a 1% tax on any vacant properties for over 184 days a year. This tax wouldn’t apply to the owner’s primary residence but rather to buildings that […]
What To Do About Your Home If You Are Getting a Divorce
Filing for a divorce is never an enjoyable or straightforward experience, but it is prevalent in Canada, where every two in five marriages end. Since it is common, it is beneficial to understand what can happen to your shared property in the event of a divorce. Although the divorce can be emotionally draining and, in […]
What is Happening With the Ottawa Housing Market?
With the pandemic beginning to wind down, Ottawa’s housing market is set to have one of the best seasons for selling! With that, the housing market is already getting off to a great start, especially with the historically low-interest rates and the housing inventory in a slump. As a result, it looks like the Ottawa […]
How Your Home Ownership Can Affect You In the Long Term
When owning a home, there are a few different ways you can be classified in the ownership, but when going through the process of signing all the papers, figuring out which type suits you best can be overlooked. If you are not listed on the ownership papers, you can face detrimental consequences when moving again […]
Ottawa Residents Deserve Fairer Rules In Today’s Housing Market
The real estate industry brings in millions of dollars every year, yet the regulations don’t seem well aligned with a hot Sellers Market. While Ottawa’s housing market isn’t the craziest in Canada, it gets plenty of traction. According to the Ottawa Real Estate Board, the first Quarter has shown housing prices having a significant increase, […]
3 Questions to Ask If You Are Moving During the Pandemic
There has been a steady increase in housing prices in every major Ontario hub over the last twenty months. It is only natural to question the longevity and sustainability of the rise. Looking back at the housing market in previous years in Ottawa can usually give a good idea of prices. Since the housing market […]
The Capital Housing Boom During The Pandemic
While the pandemic brought on many negative aspects, one positive we found was upwards growth in Ottawa housing market sales. We anticipate another change in the housing market, but this time, it will be growth in the rental market. More recently, we have seen a shift in demand for rental unit housing. This is most […]
I am Ready to Buy a House: What Home-Buyer Closing Costs Can I Expect?
Everything you need to know Your property is the most important purchase that you will make in your life. However, the purchase does not end with the cost of the property itself. Closing costs – including the items listed below – can really add up. You must factor these costs in to your budget to […]
The Revamped New First-Time Home Buyer Incentive: Will it Drive Up Home Prices?
What you need to know First-time home buyers in Canada’s most expensive housing markets will soon have an easier time qualifying for the First-Time Home Buyer Incentive (FTHBI). The program traditionally allows buyers to take out a smaller mortgage with lower monthly payments by providing an interest-free loan to boost down payment by either 5-10 […]
Ottawa Housing Market is Heating Up
The pandemic has brought on an unprecedented boom in real estate in the country as a whole – and the Greater Ottawa Area is seeing these effects. Overwhelming demand, bidding wars, multiple offers scenarios and movement to suburban areas have led to a surge in real estate prices in the Greater Ottawa Area. Members of […]
