We are really excited to announce that Manny Mangibin has joined TRU Realty!

Manny has been licensed to trade in real estate since 2012 and since then has helped hundreds of Ottawa families buy and sell their homes. His experience in property management and as a mortgage broker is invaluable in guiding his clients through the real estate process. His honesty, sincerity and dedication are qualities that his clients appreciate and were items Manny saw in TRU Realty's management and team!

Manny invites all his past clients, friends, family and future clients to contact him for all their real estate needs!

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We are very excited to share our new listing at 1094 BEDBROOKE STREET in Ottawa.
Welcome to Bel-Air Park. This beautiful bungalow has 3 bedrooms and 2 bathrooms with an open concept living and dining room, allowing for large family gatherings with lots of space leftover. The eat-in kitchen has endless cabinet space and counters with a wet bar. This bungalow had an addition done in 1996 making this bungalow the largest in Bel-Air Park. Cozy up to the wood-burning fireplace on cool evenings. The lower level has a large family room, perfect for watching TV and room for a playroom. It also has a 3-piece bath. Completing the lower level, the laundry room has plenty of space and there is endless room for storage and space for a workshop. 3 schools & Experimental Farm Pathway within walking distance. A 10-minute walk to the future LRT. Proximity to large box stores, Hwy 417, Hwy 416, Algonquin College, Bayshore, Carlingwood & the Queensway Carleton Hospital. As per form 244, no conveyance of offers until February 15th at 3:00 p.m. (id:2493)
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Members of the Ottawa Real Estate Board sold 936 residential properties in January through the Board’s Multiple Listing Service® System, compared with 963 in January 2021, a decrease of 3 per cent. January’s sales included 661 in the residential-property class, down 2 per cent from a year ago, and 275 in the condominium-property category, a decrease of 5 per cent from January 2021. The five-year average for total unit sales in January is 840.

“January’s sales, almost identical to 2021’s, were very strong for a traditionally slower month, especially given the frigid temperatures and increased government Covid-19 restrictions we experienced,” states the Ottawa Real Estate Board President. “This increased activity compared to previous years is not solely a pandemic phenomenon. Yes, the pandemic has accelerated market activity in some ways, but pent-up Buyer demand due to the housing supply shortage has been an ongoing fundamental issue for the Ottawa resale market for well over 5 years now - and the price increases will continue to reflect that until the housing stock grows.” The average sale price for a condominium-class property in January was $447,943, an increase of 18 per cent from 2021, while the average sale price for a residential-class property was $771,739, increasing 14 per cent from a year ago.*

“Average prices continue to rise steadily with the lack of inventory pushing prices to levels previously unseen. We only need to observe the number of homes now selling over $1M for a clear demonstration. In 2020, they represented 3% of residential sales, in 2021, they held 9% of the market’s resales, and now in 2022, that number reflects close to 14% of detached home sales.”

“Meanwhile, the residential-class properties selling within the $650-$900K range represent 47% of all of January’s residential unit sales. In 2021, it was 33%. But we must keep in mind, average prices statistics amalgamate data from the entire city, so while in some areas the increases would be less, other pockets of Ottawa may see more."

“The condo market is also flourishing both in the number of sales and prices. Possibly due to the fact that residential units may be out of reach for some Buyers, they are finding themselves more open to this option and are actually able to find a condominium-class property within their budget.”

“Bad weather, pandemic lockdowns, it doesn’t matter - Ottawa remains a fast-moving, active, and robust market. So, if you are thinking of selling your property, there has never been a better time. Contact a REALTOR® who can explain the various factors that will help you get the best price for your home today.”

In addition to residential sales, OREB Members assisted clients with renting 410 properties in January 2022 compared to 333 in 2021.

Source: Ottawa Real Estate Board

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Vladimir's studies at Tel Aviv University, his career in the home construction and electrical fields have given him extensive experience in the real estate industry. This experience will be a huge asset in assisting buyers and sellers to realize their real estate goals!

Vladimir chose TRU Realty because of its value, training and its adherence to the highest professional standards. Qualities that Vladimir exemplifies. He invites all his past clients, friends, family and future clients to contact him for all their real estate needs in English, Russian, Hebrew or Turkish!

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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.