Real Estate Blog
How to Boost Your Credit Score for Home Buying in Ottawa
HHowImproving your credit score is one of the most effective ways to enhance your mortgage eligibility and secure favorable loan terms. Your credit score plays a crucial rule when it comes to securing a mortgage. In Ottawa’s competitive real estate market, understanding how to boost credit score can make the difference between an affordable mortgage and a missed opportunity.
Here, we outline effective strategies to help you achieve mortgage credit improvement and prepare for your dream home purchase.
Why Your Credit Score Matters
A strong cr...
Closing Costs: What to Expect and How to Budget for Your Home Purchase
Buying a home is a significant financial step, and well budgeting for a down payment is crucial, closing costs are an often-overlooked expense. In Ottawa, these costs can range from 3% to 5% of the home’s purchase price. Understanding and preparing for them ensures a smoother closing process and prevents unexpected surprises.
Breakdown of Closing Costs in Ottawa
Each buyer’s closing costs will differ, but the primary expenses include:
Legal Fees:
A real estate lawyer will help you navigate all necessary legal documents and ensur...
Ottawa Real Estate Market Snapshot October 2024
The October 2024 Ottawa Real Estate Board Stats are out!
Market Snapshot: Ottawa’s housing market saw both home sales and average sale prices increase in October, signaling a recovery in the market. The boost in activity comes as consumers gain confidence, partly driven by the recent rate cut, which is helping to stimulate demand and encourage buyers.
If you’re considering a move, we’re here to help answer any questions you have, in this market you’ll want a qualified, professional real estate company to protect your interests.
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Grants and Incentives for First-Time Home Buyers in Ottawa
Becoming a homeowner for the first time can be a rewarding, yet financially challenging process.
Luckily, first-time buyers in Ottawa have access to several grants and incentives designed to ease the cost burden.
Here’s a breakdown of these programs:
1. First-Time Home Buyer Incentive ( FTHBI)
The First-Time Home Buyer Incentive offers a shared equity mortgage with the government of Canada, helping reduce your monthly mortgage payments. Buyers can receive 5% or 10% of their home’s purchase price, depending on whether it’s a new o...
Discover the Top Neighbourhoods in Ottawa
Ottawa, known for the vibrant mix of culture, history, and natural beauty, offers a range of neighbourhoods that cater to different lifestyles. Whether you’re a first-time buyer, a growing family, or a luxury home enthusiast, there’s a perfect spot for you in the capital city. Here’s a closer look at some of Ottawa’s most desirable neighbourhoods.
1. Westboro – a thriving neighborhood that blends urban living with outdoor recreation.
Westboro strikes the perfect balance between vibrant city life and outdoor adventure....
Ottawa Real Estate Market Snapshot September 2024
The September 2024 Ottawa Real Estate Board Stats are out!
Market Snapshot: Home sales in Ottawa have risen by 11.4% compared to September 2023, indicating a positive shift in market activity. As we move into the fall, the outlook remains promising. Ottawa continues to face supply challenges, and news of potential future interest rate cuts could significantly influence the market.
If you’re considering a move, we’re here to help answer any questions you have, in this market you’ll want a qualified, professional real estate company to...
Ottawa Real Estate Market Snapshot August 2024
The August 2024 Ottawa Real Estate Board Stats are out!
Market Snapshot: Home sales in Ottawa showed a 10.2% increase over August 2023. With the Bank of Canada’s third consecutive interest rate drop, we’re excited to see even more momentum in the fall market.
If you’re considering a move, we’re here to help answer any questions you have, in this market you’ll want a qualified, professional real estate company to protect your interests.
Message us anytime!
How to determine your home’s value of the current market
How to determine your home’s value of the current market
When thinking about selling your house or just wanting to determine your home value in the current market, estimating its value is a crucial first step. Ottawa home price estimators are a good place to start, but knowing the local real estate market is essential for a more precise evaluation.
Comparative market analysis or CMA
A comparative market analysis is one of the greatest methods to determine the worth of your house. This strategy compares your house to recently sold comparable ...
Key considerations when buying a waterfront property
Key considerations when buying a waterfront property
Purchasing a waterfront cottage is an exciting journey but making the right decision requires careful thought whether you’re eyeing an Ontario waterfront cottage for sale or browsing through listings of cottages for sale in Ontario waterfront, it’s important to consider several factors to ensure investment is sound. Here are some key considerations when buying a waterfront property in Ottawa that you should keep in mind:
1. Property access
Accessibility is crucial when considering a ...
Ottawa Real Estate Market Snapshot July 2024
The July 2024 Ottawa Real Estate Board Stats are out!
Market Snapshot: As of July 2024, the number of units sold year-to-date increased 5.5% compared to the same period in 2023. While summer traditionally sees a slowdown in the resale market, the activity in July is promising and may indicate potential gains ahead.
If you’re considering a move, we’re here to help answer any questions you have, in this market you’ll want a qualified, professional real estate company to protect your interests.
Message us anytime!
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Ottawa Real Estate Market Snapshot June 2024
The June 2024 Ottawa Real Estate Board Stats are out!
Market Snapshot: In June compared to the same period last year, Ottawa’s residential resale inventory grew by 4.7%, providing buyers with a broader selection and alleviating pressure.
“Now is the time for sellers to ensure their property is at its best and priced appropriately to attract buyers who remain slightly reluctant. Buyers would do well to remember that inventory levels — and competition — can swing quickly in Ottawa’s tight market.” – Curtis Fillier, OR...
Ottawa Real Estate Market Snapshot May 2024
The May 2024 Ottawa Real Estate Board Stats are out!
Market Snapshot: The surge in new listings compared to May 2023 was paralleled by a notable uptick in property sales. With May maintaining a consistent pace, anticipation mounts as we eagerly await the impact of the Bank of Canada’s interest rate reduction on June’s market dynamics.
If you’re considering a move, we’re here to help answer any questions you have, in this market you’ll want a qualified, professional real estate company to protect your interests...