Ottawa Real Estate News from Ron DeCaen July 2017   
  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


 
If you're thinking about buying a condo, there are various personal and financial factors you'll want to consider.  This month’s article examines some of the con-dos and con-don'ts.

There are also a few tips on how to keep your Facebook profile safe from hackers as well as a deliciously simple BBQ dessert that your guests will love!

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...
The Ottawa Real Estate Market Report 
Ottawa resale market proves strong in first half of 2017.

Members of the Ottawa Real Estate Board sold 2,162 residential properties in June through the Board’s Multiple Listing Service® System, compared with 1,985 in June 2016, an increase of 8.9 per cent.  The five-year average for June sales is 1,818.

“We’re having a stellar year so far in 2017. Year-to-date sales numbers for the first half of the year are up in both the residential and condo property classes, combined coming in at a 13.5 per cent increase over the same time period in 2016,” says Ralph Shaw, President-Elect of the Ottawa Real Estate Board.

“Average sale price in both the residential and condo class is up in the first half of 2017 compared to last year, although not a significant amount.”  June’s sales included 408 in the condominium property class, and 1,754 in the residential property class.

“Listings and inventory levels continue to trend downwards, and REALTORS® report an increase in multiple offers on properties in some pockets around the city,” says Shaw.  “While some areas within the Ottawa market are very active in sales, there are other areas of the city that remain very balanced and steady.”

“Something we hadn’t seen for years, is the recent rise in the lifestyle market in both the residential and condo property class, with 46 over $1 million units sold in June, and 171 units over $1 million sold since the beginning of the year,” says Shaw.  “Both numbers are more than double the amount sold last year.  It indicates that home buyers are looking beyond their basic needs to check off more boxes from their wish lists such as view, downtown location, or acreage property.”

“Since the announcement in April by the Ontario Liberal government of cooling measures in Toronto, it’s no surprise that the Ottawa market has been thriving.  Not only is Ottawa an affordable place to live, it’s also very desirable,” says Shaw.  “We have a great mix of city life and rural expanses.  It’s no wonder MoneySense just named Ottawa as Canada’s best place to live in 2017.”

The average sale price of a residential-class property sold in June in the Ottawa area was $434,502, an increase of 8.8 per cent over June 2016.  The average sale price for a condominium-class property was $289,905, an increase of 9.4 per cent over June 2016.

“The most active price point in the residential market continues to be the $300,000 to $399,999 range, accounting for 35.1 per cent of the market.  Within the condo market, the most active price point was between $150,000 and $249,999, accounting for 50.8 per cent of the market,” says Shaw.  “In addition to residential and condominium sales, OREB Members assisted clients with renting 1,496 properties since the beginning of the year.”

Mark Your Calendar for Ottawa GreekFest! 
Soak up Greek culture at one of Ottawa’s longest running festivals!

This exciting annual event which celebrates all things Greek takes place this year from Thursday, August 10th to Sunday, August 20th at 1315 Prince of Wales Drive, between Baseline Road and Meadowlands Drive.

Ottawa GreekFest features live Greek music, traditional dances, mouth-watering, authentic Greek cuisine, cooking demonstrations, dance lessons, craft and cultural exhibits, souvenirs, raffles and a variety of children’s activities.

The food is home cooked and made on the premises and is served fresh every day from opening to closing.  Visitors can eat under the huge tent rain or shine or take orders to go.

Come out with your friends and family to enjoy this fantastic event.  There will be an endless amount of fun for everyone young and old.  OPA!

Condo Conundrum -- Freedom vs. Freedom 
Consider the pros and cons carefully before purchasing a condo.

Condos appeal to everyone from young urbanites who want to be in the heart of the action to seniors who just want to relax and enjoy their golden years playing tennis and relaxing by the pool.

Families are also starting to gravitate towards condos as they’re an affordable way to escape the suburbs and move to a vibrant downtown atmosphere where various amenities are only steps away.

Aside from being affordable, condos are low maintenance as you don't have to spend your weekends cutting the grass and cleaning the gutters.  They also offer enhanced security features which are perfect for those who like to travel.

Convenience however comes at a price in the form of condo fees which can be costly depending on the amenities offered by the complex.  That said, condos are often very affordable compared to single family homes, especially for those who are downsizing.

When you buy a condo, you don't own the land beneath you but instead share a common interest with others in the complex.  This means you'll be subject to rules and regulations that can dictate anything from the type of planters you’re allowed to display to the kinds of blinds you can hang.

Joint ownership also means you'll be in close contact with your fellow condo owners.  Some people love the sense of community offered by condos but for those who value their privacy, it can be a difficult adjustment.  Pets are another key consideration as Fido may not be welcome in some buildings.

If your real estate vision includes extensive renovations, condo living may not be for you as your options could be limited.  If however you'd rather spend your time chilling by the pool instead of painting shutters, the low maintenance factor may be just what you're after.  It's really a choice of freedom vs. freedom.

Friends, Foes and Facebook Woes 
A few simple precautions can secure your page against hackers.

Imagine if someone hacked into your Facebook account, changed your password and started posting inappropriate content.  You'd be forced to sit and watch your reputation go down the drain.  Here are a few ways to avoid a hack:

  1. ix38wq%Pc - Make sure you have a strong password with a mix of numbers, letters and symbols.

  2. Play Hard to Get - Visit the Privacy section under Settings to limit who's able to view your profile details.

  3. Catch a Hacker Early - Select Settings and then Security and Logins and turn on get alerts about unrecognized logins.

  4. Extra Security - Visit Two-Factor Authentication in the Security and Logins section to choose an extra layer of security.

  5. Best Friends - Designate a few friends under Your Trusted Contacts that can help you get back into your account if you get locked out.

Facebook has various security features but they usually have to be manually activated.  Once done though, it’ll be much harder for a hacker to gain access to your account and much easier for you to regain control in the event it does happen.

Delicious Grilled Skewered Fruit Recipe 
Mix things up on the grill with a healthy, tantalizing dessert!

The heat of the grill turns fruit into juicy, sweet goodness that’s a great finale to any meal.  Here’s what you’ll need to make this simple yet healthy, delicious dessert:

  • skewers
  • 1/4 cup honey
  • 1/4 teaspoon ground cinnamon
  • melted chocolate
  • an assortment of fruit (pineapple, peaches, mangos, etc)

Lightly oil the grill and preheat the BBQ to medium.  Cut up the fruit and thread onto skewers.  Grill for a couple of minutes per side.  Finally, pick your preference of the honey/cinnamon mixture or melted chocolate and drizzle over top just before serving.  Enjoy!



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.