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CMHC - Report - May 2014 Housing starts and more........

GKINSON: Are we getting complacent over housing starts?It seems we're not as intimidated by 200,000 Canadian housing starts as we used to be. Canada Mortgage and Housing Corp. reported Monday that May housing starts came in at a 198,300 annualized rate, the fastest pace in seven months and considerably above economists' expectations. Starts have now averaged 197,500 over the past two months, a dramatic ...

6 Easy Steps to Furnishing Your New Home

    It’s difficult to call a house a home if it lacks creature comforts. Without the right furniture and accessories a house is just an empty shell. Nevertheless, deciding how to furnish a home can be intimidating when you’re staring at blank walls. Here are six tips to help furnish your new home. 1. Take Stock Before you begin shopping for new furniture for your home, clean ...

Finally the Cold is Gone and The Market is Heating Up

Yes the May number are finally in for the Month and they show what most of us had suspected that the Late Spring is finally yeilding to a more active market. Streets and Condo Complexes have a higher than usual For Sale Signs that have popped up from the Vendors finally prepared to show and sell their homes. Herein find the broadcasted report from the Ottwa Real Estate Board that show a stronger, ...

Interesting Real Estate updates

CMHC agrees to make more mortgage information public Canada’s largest mortgage default insurer has agreed to industry demands to make more information about its portfolio public. Canada Mortgage and Housing Corporation, a Crown Corporation that controls about 60% of the market, has released a supplemental section on its results which among other things lays out detailed information breaking ...

Mortgage interest never as easy to pay as now — as long as rates stay low, DBRS report shows

It hasn’t been this easy to pay the interest on your mortgage in almost 25 years. Credit rating agency DBRS Inc. has been tracking our ability to pay loans since 1990 and says today we only need on average 3.7% of our household disposable income to cover the interest on those loans — the lowest percentage on the books. All this comes as Canadians continue to ramp up their mortgage debt, ...

Rental Agreement (hot water tank) Registered on Title

There are several new water heater rental companies in the marketplace with a different approach to the usual month to month rental to which homeowners are accustomed. Lack of awareness can cause complications when selling a home. It would be best if purchasers could find out if such a contract exists and deal with it at the outset or conditional period rather than waiting for it to be discussed ...

Executive Bungalow in move in condition! $599,900

Three bedroom exclusive listing in Carp. Heated inground salt water pool, 4 car garage, 2 acres, updated kitchen, bathrooms, plenty of upgrades. Diane DeCooman 613-837-3800 ext 134

Priced to Sell $209,000

Great location for this townhouse. Main level, livingroom, diningroom, kitchen, upper level has three good sized bedrooms,finished basement with 2 piece bathroom. Club house with inground pool. Early possession available! Call Diane DeCooman 613-863-7449

Executive Bungalow in move in condition! $599,900

Three bedroom exclusive listing in Carp. Heated inground salt water pool, 4 car garage, 2 acres, updated kitchen, bathrooms, plenty of upgrades. Diane DeCooman 613-837-3800 ext 134

So far this spring...

Ottawa's real estate market is warming but not at an alarming rate.  Compared to April of 2013, the number of sales in April 2014 was down by 9.5%.  This included 257 condos and 1,163 freehold properties.  There have, as to be expected, been more properties change hands in April than in March of this year so June is looking quite bright. The average days a property is on the market ...