Ottawa Real Estate News from Ian Campbell August 2019   

 
It’s important to create a thorough plan prior to moving day for both you and your pet’s sake. This month’s article shares a few strategies that will help keep your pets at ease during this stressful time.

There are also a few great ideas to help transition your family back into the school routine as well as a delicious, healthy frozen treat that’s perfect for these hot summer days!

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!

Regards
Ian Campbell

In this issue...
Ottawa Real Estate Market Update 
Red hot Ottawa market in a scorching July!

Members of the Ottawa Real Estate Board sold 1,842 residential properties in July through the Board’s Multiple Listing Service® System, compared with 1,605 in July 2018, an increase of 14.8 per cent.

July’s sales included 1,382 in the residential-property class, up 12.3 per cent from a year ago, and 460 in the condominium-property category, a rise of 23 per cent from July 2018. The five-year average for July unit sales is 1,579.

“Typically, after the busy spring, July tends to be a slower month as people take vacations and spend more time with their families, but there was no slow down this past month,” observes Dwight Delahunt, President of the Ottawa Real Estate Board. “In fact, we recorded the highest number of July sales in 15 years.”

“Also, for the first time in 2019, there was an upsurge in new listings which has slightly improved housing inventory. Although this is encouraging news, it is not enough to keep up with demand. In order to bring about a more balanced market, there needs to be at least a three-month supply of listings. Currently, Ottawa is closer to a one-month supply,” he adds.

“In this type of market, it is vital that Sellers utilize the experience and advice of a REALTOR® to maximize your property’s potential — and if you are a Buyer, to guide you through the complexities this intricate market presents,” Delahunt recommends.

July’s average sale price for a condominium-class property was $299,665, an increase of 6.8 per cent from last year while the average sale price of a residential-class property was $487,308, an increase of 10.4 per cent from a year ago.

“Residential house prices continue to increase; however, these are reasonable gains and are not creating a bubble by any stretch,” Delahunt maintains. “Condo prices have now recovered, and the oversupply in that sector no longer exists. Ottawa has a healthy condo market and with major developments coming online in the future, we expect these too will be absorbed in due course.”

The $350,000 to $499,999 price range was the most prevalent price point in the residential market, accounting for 42 per cent of July’s transactions while 28 per cent of residential sales were in the $500,000 to $749,999 range. The most active price point in the condominium market, $225,000-$349,999, accounts for 52 per cent of the units sold.

When asked about how the upcoming federal election might affect the real estate market, Delahunt emphasizes, “We continue to believe the stress test is negatively impacting our housing market and look forward to hearing about how the various parties intend on addressing this contentious issue as the election approaches.”

Ottawa GreekFest 
Soak up Greek culture at one of Ottawa’s longest-running festivals!

This exciting community event which celebrates all things Greek takes place this year from Thursday, August 15th to Sunday, August 25th 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 delicious array of food is cooked on the premises and served fresh all day long. Visitors can eat under the huge tent rain or shine or take orders with them to go.

There will be an endless amount of fun for everyone young and old so come out with all of your friends and family to enjoy Ottawa GreekFest. OPA!

Make Your Move, For Pet's Sake 
Pets feel the stress of moving just like any other family member.

When you move, it’s important that your pets feel relaxed and content. Here are a few tips to help ensure your move goes smoothly:

  1. List It - Create a detailed checklist to help avoid any last-minute stress that your pets may pick up on.


  2. Vet the Vet - If you’re moving out of town, ask your vet for a referral and make sure to update your pet’s tags and microchips with your new contact details.


  3. Old Habits - Stick to their usual routine as much as possible before, during and after the move to help keep their anxiety at bay.


  4. Keep Calm - Have someone look after your pets on moving day but if that’s not possible, set them up in a quiet room to help keep them calm.


  5. Doggie Bag - Prepare a well-marked and easily accessible overnight bag with everything you need to help keep your pets happy and relaxed.

  6. Changing Room - Cats especially don’t like change so once you’re in your new home, set up a room with all their familiar essentials so they can slowly get used to their new surroundings.

Once you’re all moved in, give your pets lots of extra TLC to help calm their frayed nerves! Also, don’t forget to pet-proof your new home and do a quick sweep to make sure there aren’t any poisonous pest control traps left lying around by the previous owners.

Back to School Survival Tips 
Those “back to school” days are right around the corner!

Adjusting to “back to school” mode can be a breeze if you prepare in advance and set up a regular routine. Here are a few tips that will help make the transition a little easier:

  1. Back to Bedtimes - Your little night owls will benefit from having bedtimes rolled back a few weeks before school starts.


  2. Post It - Designate a central “information station” where schedules are posted and school notes can be processed.


  3. Chore Change - Responsibilities may need to be adjusted depending on the types of chores and the new morning routine.


  4. Preplan - Get in the habit of doing as much as you can the night before. The morning routine will be much smoother if you lay out clothes and make lunches in advance.


  5. Child Support - Returning to school is an emotional adjustment for children so help them stay positive and ensure you’re around to help put them at ease.

Back to school doesn’t have to be about forgotten lunches, unlabelled belongings and lost permission slips. With a little organization and planning, you'll be able to enjoy the rest of the summer knowing that September will be smooth sailing.

Frozen Grape Treats 
Frozen grapes make a refreshing snack that curb candy cravings!

Frozen grapes are a natural healthy food choice that contain potassium, pectin and vitamin C. The best part is they’re a cinch to prepare! Here's all you need to do:

  • pull the grapes from their stems
  • wash and pat dry with a paper towel
  • place on a cookie sheet and freeze

Frozen grapes are like mini popsicles without the artificial ingredients! You can even use them as ice cubes in your summer drinks to help fancy things up without watering them down. Enjoy!



PS As a thank you for referring me to a friend or family memeber that either Buys or Sells through me you will receive $ 500.00 cash.

 
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.