Ottawa Real Estate News from Ron DeCaen October 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)

Saving energy around the home isn't just good for the environment -- it's great for your finances too!  This month’s feature article shares a few simple energy saving tips to help you increase your home's efficiency.

There are also some tips on how to communicate effectively with your real estate agent so you’ll be able to receive the best possible service as well as a few ideas on how to host a successful clothing swap!

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!


In this issue...
The Ottawa Real Estate Market Report 
There's no fall(ing) back in Ottawa's resale market.

Members of the Ottawa Real Estate Board sold 1,371 residential properties in September through the Board’s Multiple Listing Service® System, compared with 1,241 in September 2015, an increase of 10.5 per cent.  The five-year average for September sales is 1,171.

“Again this month, we have broken the record for residential and condominium units sold, with 200 more units sold than the five-year average for September sales,” says Shane Silva, President of the Ottawa Real Estate Board.

“With average sale prices remaining virtually unchanged since the beginning of the year, this could be an indication that prices have adjusted to market expectations and sales have rebounded as a result.”
September’s sales included 269 in the condominium property class, and 1,102 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.
“Units listed in both residential and condominium property classes continue to decline,” indicates Silva.  “From 2,076 listed in September 2015 to 1,822 listed in September 2016 for residential properties, and from 637 listed in September 2015 to 588 listed in September 2016 for condominium sales.  With fewer listings coming on to the market, combined with recent higher unit sales, overall inventory is declining.  The basic economics of supply and demand at play will continue to have an impact on the Ottawa resale market.”
The average sale price of a residential-class property sold in September in the Ottawa area was $383,793 a decrease of 0.1 per cent over September 2015.  The average sale price for a condominium-class property was $252,136, a decrease of two per cent over September 2015.
“The hottest segments in our market for September continue to be two-storey and bungalow residential homes in the $300,000 to $400,000 price range, followed by one-level and two-storey condos in the $200,000 to $300,000 and the $100,000 to $200,000 price range” says Silva.  “In addition to residential and condominium sales, OREB Members have assisted clients with renting almost 2,500 properties since the beginning of the year.”

The Ottawa Pet Expo 
Make sure to mark your calendar for the Ottawa Pet Expo!

Bring your dogs, cats, birds and rats (and any other furry/feathery friends you may have) to the Ottawa Pet Expo and enjoy a weekend of fun!

This pet-focused, family-friendly event runs from Saturday, November 12th to Sunday, November 13th.

You can shop for unique pet products, meet animal rescue groups, speak with breeders and learn more about pet nutrition all under one roof!  The Ottawa Humane Society will also be on hand to educate visitors on how to reduce the growing number of animals that end up in shelters each year.

The Ottawa Pet Expo is held at the EY Centre and general admission is $15 per adult and includes a $2 donation to the Ottawa Humane Society but if you buy your tickets online, you’ll save $2 per ticket.  Hope to see you there!

Reduce your Bills and Chills 
It’s important to do everything we can to reduce our energy use.

A few small changes can make a huge difference to your monthly energy bill.  For instance, adjusting your “smart” thermostat by just a few degrees can produce major savings!

Also, don’t forget to lower the thermostat on your water heater or better yet, get an "on demand" system that only heats up water as it’s needed.  Here are a few other ideas to consider:

  • switch over to LED bulbs
  • install energy efficient shower heads
  • clean out your dryer’s lint tray after each use
  • seal up air leaks around your windows and doors
  • use ceiling fans to save money on both heating and cooling
  • service your air conditioner and furnace each year to maintain efficiency

Landscaping is a naturally beautiful way to keep your home comfortable.  A few strategically placed trees or shrubs can save a fortune on heating and cooling as they shelter against the cold winter winds and provide shade during the summer months.

Higher energy bills are a harsh reality for the rising number of people who work from home.  To help minimize this expense, power down your computer when it’s not in use and shut it off completely at the end of the day.  You can also cut costs by positioning your desk to take advantage of natural light.

It doesn’t take much to implement a few energy saving solutions around the home but oftentimes, it's the simple things that are overlooked.  It’s important to do whatever we can, not only to save money but also to help conserve the environment.

When Pushy Comes to Shovy 
Clear communication is an important element in any relationship.

Nobody wants to deal with a pushy real estate agent.  At the same time, you don't want an agent who's never in touch and fails to service your needs in a timely fashion.

In the early stages, many home buyers shy away from asking too many questions as they don’t want to waste the agent's time.  The truth is, your agent wants to hear from you on a regular basis so they can grow with you as your house hunting journey matures.

Everyone's different.  Some require daily property updates while others prefer a more relaxed approach.  Circumstances may change as time goes on so it's important to constantly reassess how often you'd like to receive market updates and what your preferred method of communication is.

Effective communication is essential when it comes to forming and maintaining any relationship and a client/agent relationship is no different.  As long as you and your agent regularly communicate with one another during your house hunting journey, you'll feel neither pressured nor abandoned.

How to Host a Successful Clothing Swap 
It’s time for a change – a change of clothes that is!

If your closets are bursting at the seams, you may want to organize a clothing swap.  It’s a great local event to host in your ‘hood!  Here are a few tips to ensure its success:

  • organize clothing by size
  • create space for a few private change rooms
  • have a few full length mirrors with decent lighting
  • refreshments, appetizers and music are a nice touch

If you're looking to clear out the clutter in your closets, meet new people and update your wardrobe, a clothing swap might just be the answer!  It’ll be a win-win situation if you donate the remaining clothing items to a local homeless shelter as well as ask attendees to bring along a small food bank donation.

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.

Not meant to solicit clients already under contract.