Ottawa Real Estate News from Ron DeCaen June 2016   
  Real Estate News




Ron DeCaen
Sale Representative

Action Power Team Ltd. Brokerage
15-1420 Youville Drive
Ottawa, Ontario
613.797.9366 (cellular)
613.837.3800 (office/24/7 pager)
www.OttawaListings.com


 
Imagine how great it would be to get away from it all and just…relax.  Our feature article offers some advice if you’re thinking about purchasing a cottage or vacation property.

There are also some great ideas on how to brighten up a dark basement as well as an easy way to keep track of items you frequently misplace such as your keys.

Thanks so much for checking out this month's newsletter.  Please get in touch if you have any questions or comments regarding the articles, or real estate in general -- it'd be great to hear from you!

Ron

In this issue...
Ottawa Real Estate Market Report 
Sales stay consistently hot through the May heat wave!

Members of the Ottawa Real Estate Board sold 1,921 residential properties in May through the Board’s Multiple Listing Service® system, compared with similar sales of 1,926 in May 2015.  The five-year average for May sales is 1,864.

“As the weather warmed, the Ottawa resale market continued its steady pace upwards, continuing an above average trend for the month of May,” says Shane Silva, President of the Ottawa Real Estate Board.  “Units sold are up 207 since April, increasing in both the residential and condominium property class.”

May sales included 307 in the condominium property class, and 1,614 in the residential property class.  The condominium property class includes any property, regardless of style (i.e. detached, semi-detached, apartment, townhouse, etc.) which is registered as a condominium, as well as properties which are co-operatives, life leases and timeshares.  The residential property class includes all other residential properties.

“In May, 3,635 homes were listed, keeping pace with listing numbers in April, but down slightly by 4.4 per cent compared to May 2015,” says Silva.  “With the number of sales since the beginning of the year on a steady incline, coupled with increased inventory, Ottawa is riding a strong and steady spring market.”

The average sale price of a residential-class property sold in May in the Ottawa area was $406,063, an increase of 0.6 per cent over May 2015.  The average sale price for a condominium-class property was $264,801, an increase of 1.5 per cent over May 2015.

“The hottest segments in our market for May were sales in the $300,000 to $400,000 price range, followed by the $400,000 to $500,000 price range,” says Silva.  “Residential two-storey and bungalows have the highest concentration of buyers in May.  In addition to residential and condominium sales, OREB Members have assisted clients with renting 1,213 properties since the beginning of the year.”

Celebrate Canada Day in the Nation's Capital 
Take part in Canada’s biggest birthday bash this July 1st!

Ottawa will be buzzing with activity as Canadians from across the country flock here to show their national pride for Canada’s 149th birthday!

There are various activities taking place throughout the day on both sides of the Ottawa River including street entertainers, games, ceremonies and performances which culminate in a breathtaking fireworks display.

There will also be a variety of activities at most of the Capital Region’s national museums and institutions.  Don your red and white and take part in Ottawa’s Canada Day festivities as we proudly celebrate our country’s history and our Canadian heritage.  Hope to see you there!

Buying a Home Away from Home 
There’s something special about owning your own little getaway.

Owning a vacation property would be a dream come true for most of us!  Here are a few important points to consider if you’re thinking of purchasing your own little piece of paradise:

  1. Motives - Determine whether you’re looking for a spot to enjoy with family on the weekends, an investment property that you can rent out or a retirement retreat.

  2. Income - Renting out the property when you’re not using it makes great financial sense.  Location is critical for renters so make sure it’s in a high demand or up-and-coming area.

  3. Location - Figure out how far you’re prepared to travel and whether or not you need year-round access.  Once you’ve decided on a possible location, spend some time there before you commit.

  4. Numbers - Looking for a vacation home is exciting but it shouldn't be an impulse decision.  Make sure you thoroughly go over all the financials just as you would for your primary residence and don’t forget to include maintenance costs.

  5. Co-Ownership - Purchasing your new getaway with friends or family means you can share the upkeep and expenses.  Just make sure you agree on everything from day one and approach it like a business so you can spend your time relaxing instead of arguing.

  6. Fixer Uppers - Renovating a “diamond in the rough” is a great option as it allows you to add your own personal touch.  Major renovations often require permission though so make sure you’re familiar with local zoning rules and regulations.

Buying a home away from home is a huge decision so do lots of research, get your finances in order and seek professional advice before taking the plunge.  If you’re considering a few different locations or if you have questions regarding financing, please don’t hesitate to get in touch.

How to Brighten Up a Basement on a Budget 
Your basement doesn’t have to be a dark and dreary spot anymore.

Low ceilings, limited light and general dreariness can make the basement a hard spot to hang out in.  Here are a few ways to brighten things up in this often dark and cramped looking space:

  1. Fresh Coat - Paint the walls a light shade and ceilings even lighter to give the illusion of height.

  2. Lighten Up - Use various lighting sources layered at different heights including wall sconces and lamps to brighten things up.

  3. Mirror Mirror - Place mirrors across from your basement windows in order to maximize the effect of natural light.

  4. Floored - Don’t break up the basement by choosing different flooring materials.  Pick solid, continuous flooring so that the space will appear larger.

These are just a few ways to transform your basement from dark and dreary to bright and beautiful.  All it takes are just a few simple adjustments and before you know it, your basement will become one of your most popular hangouts!

Never Lose your Keys Again 
A Bluetooth tracker can quickly & easily help you recover lost items.

You know that feeling of rushing out the door only to realize you can’t find your keys!  Instead of wasting valuable time frantically tearing the place apart, you’re now able to track them digitally.

Tile allows you to simply stick a tag on your keys or remote for example so you can keep track of their whereabouts through the Bluetooth functionality on your phone.  If your phone goes missing, you can use the tracker to ring it even if it’s on vibrate!

Tile really comes through if the missing item is out of range as it’ll automatically connect with other users who are close by.  If someone else's phone finds it, you'll be privately notified of its location.  It’s like a community-based electronic lost and found!



PS Are you sick of scouring the paper and MLS sites looking for homes? Tired of playing telephone tag with agents only to hear the home's already sold? Sit back, relax and let me do the work for you! Just visit my website and check off the features you're looking for. Whenever a home matching your criteria hits the market, it'll be automatically flagged and emailed to you so you'll never have to worry about missing your dream home. This service is free and there's no obligation! Click here to get started.

Not meant to solicit clients already under contract.