Ottawa Real Estate News from Ian Campbell December 2018   

 
A new year brings new ideas on how we can be happier and healthier but it’s also a great time to set goals for our home. This month's article offers some advice to help you get your home in order.

There are also a few ideas that will help you reduce your carbon footprint this holiday season as well as a delicious recipe for candied pecans that will have everyone coming back for more!

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 
Home sales down compared to same time last year.

Members of the Ottawa Real Estate Board sold 1,165 residential properties in November through the Board’s Multiple Listing Service® System, compared with 1,232 in November 2017, a decrease of 5.4 per cent.

The five-year average for November sales is 1,055. November’s sales included 870 in the residential property class, a decrease of 7.2 per cent from a year ago, and 295 in the condominium property class, an increase of just one unit or 0.3 per cent from November 2017.

“Even though home sales are down this month compared to a year ago, this is simply a reflection of the lack of inventory that we have been experiencing all year. Unit sales would have been higher if only we had the selection and supply,” states Ralph Shaw, President of the Ottawa Real Estate Board. “Every REALTOR® I know has active buyers waiting for an opportunity, but many potential Sellers are in the same situation – and have no option but to stay put,” he adds.

The average sale price of a residential-class property sold in November in the Ottawa area was $429,039, an increase of 2.6 per cent over November 2017. The average sale price for a condominium-class property was $285,764, an increase of 11.1 per cent from this month last year.

“Condominium sales continued to lead the way in November which included a higher average price percentage increase than single-family residential sales this month,” Shaw reports. “Robust sales over the last two years have stabilized the oversupply that previously existed in our condo market. Given that the rental market is as tight as it is, the condo market is not necessarily being driven by lifestyle choice but more often is purely about fulfilling accommodation needs.”

The $300,000 to $449,999 range remains the most active price point in the residential market, accounting for 47 per cent of home sales while the $500,000 to $750,000 price range continues to represent one in five of all residential home sales again this past month. Between $175,000 to $274,999 was November’s most prevalent price point in the condominium market, accounting for almost 47 per cent of the units sold.

“When you look at what’s happening in real estate markets across Canada, Ottawa’s market performance is the polar opposite,” Shaw declares. “Our market fundamentals are very strong, and we have experienced steady growth for many years, and indeed decades.”

“With our average home prices lower than the national average and our high employment levels, there is no doubt that Ottawa is one of our country’s most ideal locations to live, work, play, and raise your family,” Shaw concludes.

Ring in the New Year Scottish Style 
The Scottish Society of Ottawa proudly presents Hogman-eh!

The 7th annual Scottish New Year's Eve celebration Hogman-eh is a not to be missed event so bring your family and friends down to celebrate in and around the Aberdeen Pavilion at Lansdowne Park.

The fun starts at 5 p.m. with a variety of Scottish themed music, food and dancing along with a variety of other fun activities that will entertain both kids and adults alike.

Those with kids can enjoy an early countdown at 7 p.m. which is exactly when Scotland will be ringing in the New Year! There will be a huge balloon drop followed by music from The County Lads, Searson, Coig, The Mudmen, as well as the Ottawa Caledonia Pipes and Drums.

The party then continues until midnight where everyone will sing Auld Lang Syne together before enjoying a spectacular fireworks display just outside the Aberdeen Pavilion. Here’s wishing you a very happy and healthy 2019!

New Year's Resolutions for Your Home 
Think outside the box this year by setting resolutions for your home!

January opens up new possibilities for our health and wellbeing but have you ever thought about making resolutions for your home? Here are a few ideas to consider:

  1. Just Do It! - Tackle a major item on your to-do list such as cleaning out the basement or painting the bathroom.


  2. Cut Back - Seal and insulate your ductwork then set goals to reduce bills such as turning off lights and reducing water consumption.


  3. Plant It - There are many ways to improve the quality of your indoor air but start off by adding plants to naturally filter the air you breathe.

  4. Basket Case - Purchase baskets to organize everyday items such as remotes and controllers so they don’t just get tossed around the room.

  5. Keep it Clean - Take just 10 minutes each day to walk through and put everything back in its home. Get the entire family involved!


  6. Safety First - Make sure your carbon monoxide and smoke detectors are in good working order and that you have a family escape plan in place.


  7. The Purge - Go through your home one room at a time each month and purge any items you no longer have interest in and instead, fill your home with things that make you feel good.

In addition to the above tips, you can also introduce a new resolution for your home each month to help break up the year. For example, in January you can declutter, in February you can brush painting off your list and so on. Home is where the heart is, so it makes sense that a harmonious home will lend itself to a happier overall life.

Enjoy an Eco-Friendly Holiday Season 
A few small changes will have you dreaming of a green Christmas!

The holiday season is a magical time of year but it can also be a time of great waste. It’s easy though to enjoy Christmas cheer and still cut your carbon footprint. Here are a few ideas:

  1. Decorate Naturally - Bring the scent of nature into your home with evergreens, fir cones and cranberries.

  2. Think Outside the Box - All those gift bags, ribbons and bows account for an incredible amount of waste so try and reuse old wrapping paper.

  3. Light Up Mindfully - Everyone loves the twinkle of holiday lights but for the sake of the environment, use LED lights and remember to turn them off before going to bed.

  4. One, Two, Tree - Real trees take in carbon dioxide and release oxygen all while sustaining the local economy. Artificial trees, on the other hand, can't be recycled and may contain toxins.

The holiday season is a great opportunity to start eco-friendly family traditions that will hopefully be passed down for many generations to come. Better still, these methods are as easy on your wallet as they are on the environment!

Wildly Addictive Candied Pecan Recipe 
Not only are they delicious, but your home will smell amazing too!

Candied pecans are delicious! They’re so good that they’ll likely disappear before they make it to the salad, cake, gift jar or dessert they were intended for. Here’s how you make them:

  • 1 cup white sugar
  • 1 tsp ground cinnamon
  • 1 tsp salt
  • 1 egg white
  • 1 tbsp water (or substitute vanilla extract)
  • 1 pound of pecan halves

Preheat oven to 250°F and mix the sugar, cinnamon and salt together in a bowl. Whisk the egg white and water together in another bowl until frothy. Next, toss the pecans in the egg white mixture then coat the pecans with the sugar mixture. Finally, spread the coated pecans onto a baking sheet lined with parchment paper and bake for an hour, making sure to stir every 15 minutes. 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.

 
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